TRREB has submitted three recommendations to the federal government for the next budget, calling for bold action to address the ongoing housing affordability and supply issues. Our asks include: TRREB is calling for immediate action, noting that failing to address the current slowdown in housing construction could result in worse supply constraints and diminished economic…
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
August home sales reported by the Toronto Regional Real Estate Board (TRREB) were up on a year-over-year basis. Over the same period, homebuyers benefitted from an even larger increase in the inventory of listings. Average selling prices continued to be negotiated downward due to the elevated choice across market segments. “Compared to last year, we…
Today, Ontario’s nine largest REALTOR® associations, representing more than 95,000 of the nearly 100,000 REALTORS® across the province, sent a joint letter to the Minister of Public and Business Service Delivery and Procurement, the Honourable Stephen Crawford, in support of his government’s firm stance on the Real Estate Council of Ontario’s (RECO) operations and handling…
Premier Doug Ford announced today at the Association of Municipalities of Ontario (AMO) conference an additional $1.6 billion top-up to the Municipal Housing Infrastructure Program (MHIP). This funding provides municipalities with more resources to build the essential roads, bridges, and water systems that make new housing possible. This is another positive step by the province…
The Toronto Regional Real Estate Board (TRREB) is welcoming the world to the third annual International MLS Forum. This two-day global real estate event brings together cross-border collaboration, MLS® innovation, and the exchange of ideas. It takes place at the Westin Harbour Castle on September 25 and 26. “After attending the inaugural International MLS Forum in Paris two…
The Toronto Regional Real Estate Board (TRREB) welcomes Premier Doug Ford’s recent remarks emphasizing the urgent need to reduce the tax burden on homebuyers, including potential reductions to the HST, development charges (DCs), and other associated costs. TRREB has long advocated for these reforms, most recently in our Fair Taxes on Ontario Homes report, which calls for…
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
The Greater Toronto Area (GTA) experienced the best home sales result for the month of July since 2021. Sales were also up relative to listings, suggesting a modest tightening in the market compared to last year. “Improved affordability, brought about by lower home prices and borrowing costs is starting to translate into increased home sales.…
From browsing listings on your phone to signing documents digitally, real estate today looks different than it did just ten years ago. Technology continues to reshape nearly every step of the process. Even as tools become more advanced, working with a trusted REALTOR® is still essential. REALTORS® bring local expertise, negotiation skills, and professional guidance…
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
Ownership housing affordability continued to improve in June 2025. Average selling prices and borrowing costs remained lower than last year’s levels. However, despite some month-over-month momentum, many would-be homebuyers remained on the sidelines due to economic uncertainty. “The GTA housing market continued to show signs of recovery in June. With more listings available, buyers are…