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Toronto Residents Say City’s Reliance on Land Transfer Tax Is Fueling the Housing Affordability Crisis
New polling shows growing frustration as Council considers yet another MLTT hike. As Toronto City Council considers a proposal to increase the Municipal Land Transfer Tax (MLTT) on higher-value homes, new Ipsos polling conducted for the Toronto Regional Real Estate Board (TRREB) shows that 416 residents are deeply concerned about housing affordability and believe the…
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TRREB Recognizes Members for Their Significant Contributions
TRREB is honouring Members whose exceptional dedication and service make a real difference with the David Rossi Committee Service Award and Community Service Awards. Discover this year’s winners and their motivations for volunteering. David Rossi Committee Service Awards Named in honour of longtime TRREB Committee Volunteer and Honourary Life Member David Rossi, this award recognizes the lasting impact of his…
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Renewed Consumer Confidence Key to Housing Market Recovery
Greater Toronto Area (GTA) home sales, new listings, and average selling price were down compared to a year earlier in November 2024. Intending homebuyers remained on the sidelines awaiting more positive economic news. “There are many GTA households who want to take advantage of lower borrowing costs and more favourable selling prices. What they need…
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TRREB Statement on Proposed Increase to Toronto’s Land Transfer Tax on Higher Value Homes
Municipal land transfer taxes (MLTTs) hurt the Canadian dream of home ownership by taking thousands of dollars out of home buyers’ pockets. With average home prices in the City of Toronto exceeding $1 million, the Toronto MLTT adds over $17,000 to the upfront closing cost of buying a home. Together, home buyers pay both a…
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OREA & TRREB Statement: Province’s Intention to Appoint RECO Administrator
“The Ontario Real Estate Association (OREA) and Toronto Regional Real Estate Board (TRREB), representing nearly 100,000 REALTORS®️, fully support Minister Stephen Crawford’s latest letter to the Real Estate Council of Ontario (RECO) and his decisive action on accountability. We endorse the intention to appoint an administrator to ensure RECO gets back to the basics of fulfilling its…
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TRREB Welcomes Housing Tax Relief and Beneficial Ownership Registry in the Ontario Fall Economic Statement
Ontario needs decisive action to kick-start housing construction and give young people and their families new hope they’ll one day achieve their dream of owning a home. With a commitment to housing tax relief, the 2025 Ontario Fall Economic Statement is a strong step towards protecting the dream of home ownership and boosting housing supply.…
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TRREB East GRC Working Group Welcomes Historic Durham Region Investment in Nuclear Energy
TRREB’s East GRC Working Group addresses real estate and housing issues that affect REALTORS® and residents in Durham Region. The group recently met to review key regional updates, focusing on nuclear energy investments and job creation that will strengthen the housing market and local economy. Small Modular Nuclear Reactors at the Darlington Plant The group…
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TRREB Statement on Federal Budget 2025
Canadians continue to struggle with housing affordability and supply challenges. Driven by economic uncertainty and high construction costs, projects are stalling, builders are cancelling developments, and families and individuals are struggling with affordability. The Toronto Regional Real Estate Board (TRREB) and housing sector partners have called on the federal government to take bold, coordinated action…
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October 2025 Housing Market Charts Available
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
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GTA Housing Market: More Choice, Greater Affordability for Buyers
Home sales in the Greater Toronto Area (GTA) were down year-overyear in October, while new listings were up. Market conditions continued to favour homebuyers, as average selling prices were negotiated down alongside lower mortgage rates. “Buyers who are confident in their employment situation and ability to make their mortgage payments over the long term are…
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TRREB Launches Your Voice, Our Future Campaign
Today the Toronto Regional Real Estate Board (TRREB) launched a milestone initiative. The Your Voice, Our Future campaign is the most ambitious and comprehensive membership consultation in the organization’s history. In emails to TRREB’s more than 70-thousand Members the Board said: “To serve you better, we need to hear directly from you, what’s working, what’s not, and where we can…
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Can Toronto Deliver on Its Housing Commitments?
In this episode of Ready to Real Estate, host Jason Mercer discusses the current state of housing policy in Toronto with experts Alex Beheshti and Greg Ewens. They explore federal initiatives aimed at increasing housing supply, the challenges of navigating government relations, and the impact of local planning initiatives. The conversation also delves into the…