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TRREB: Home Sales Expected to Reach 77,000 in 2024
The Toronto Regional Real Estate Board (TRREB) is forecasting what’s next in the Greater Toronto Area (GTA) real estate market with the sought-after 2024 Market Outlook and Year in Review report and interactive digital digest.
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January 2024 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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TRREB: Tighter Market Conditions in January 2024 When Compared to the Previous Year
Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed rate mortgage products. New listings were also up year-over-year but by a lesser annual rate compared to sales. The resulting tighter market conditions when compared to…
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TRREB: Better-Supplied Condo Market in Q4 2023
Fourth quarter 2023 condominium apartment sales in the Greater Toronto Area (GTA) remained low historically, as the demand for ownership housing continued to be hampered by affordability concerns brought about by high borrowing costs. Buyers who were active in the market benefitted from a substantial amount of choice. This meant that average selling prices were…
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TRREB: Strong Population Growth Drives Rental Demand in Q4 2023
Condominium apartment leasing activity continued to be strong in the fourth quarter of 2023. The number of lease transactions reported through TRREB’s MLS® experienced a strong year-over-year increase. However, the number of units listed for rent was up by an even greater annual rate. This resulted in more choice for renters and a slower pace…
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The REALTORS® Who Will Thrive in a ChatGPT Future
AI can interpret, forecast, and execute certain tasks much faster than a human can. For instance, it might forecast the number of transactions in a year, the areas in a particular market that will see the highest levels of growth, and even the selling price of properties. AI analysis is so swift, in part, because…
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Exciting Opportunity: Be a Part of TRREB REALTOR® QUEST 2024
TRREB REALTOR® QUEST 2023 was a resounding success with over 10,000 attendees, 20 dynamic speakers, and more than 200 industry-leading experts. We’re gearing up to do it all over again, but with even more in store. This year, we’re taking our attendees on a journey to discover Pathways to Success.Don’t miss this opportunity to differentiate your business and join in on…
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December 2023 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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TRREB: The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges
While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area (GTA) home sales in 2023 came in at less than 70,000 due to affordability issues brought about by high mortgage rates.
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TRREB Statement on Toronto Housing Funding Announcement
With Toronto’s ambitious goal to build 285,000 new homes by 2031, it’s essential that the City partner with other levels of government to increase housing supply and build attainable homes that individuals can afford.
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TRREB: Elevated Borrowing Costs Taking a Toll on Housing Affordability
High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the market, selling prices remained basically flat year-over-year.
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Why Every REALTOR® Should Consider Podcasting
Podcasts have been growing in popularity for about 15 years, and social distancing during the COVID-19 pandemic got even more people hooked on podcasts. One in four Canadians now listens to an average of five podcasts per week — a demographic too large for any REALTOR® keen on marketing to ignore. Doug Downs is the President…