trebadmin
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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…
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TRREB Statement on New Deal Between Toronto and Ontario
The City of Toronto is the engine that drives Ontario’s economy. When Toronto does well, Ontario does well. However, Toronto has a housing supply crisis, and we desperately need to build more homes if we are going to protect the Canadian dream of home ownership in our City for future generations.
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Statement From the London St. Thomas Association of REALTORS® (LSTAR) and PropTx
The London St. Thomas Association of REALTORS® (LSTAR) is pleased to announce that we are joining the PropTx MLS® Service. LSTAR is thrilled with today’s announcement as this move empowers LSTAR Members with enhanced tools and expanded access to invaluable real estate market data. “Our unwavering objective is to ensure that our valued Members receive…
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TRREB Statement on Federal Fall Economic Statement
The Toronto Regional Real Estate Board (TRREB) applauds and welcomes today’s fall economic statement offering several important housing focused initiatives. We especially commend the federal government for listening to many industry stakeholders, including TRREB, in establishing a new Canadian Mortgage Charter. This Charter significantly includes the removal of the stress test requirements for insured mortgage…
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The Body Language that Builds Trust or Exposes Lies
If you’re a REALTOR®, you know that showing empathy is critical to building a trusting relationship with clients or potential clients. Empathy isn’t only demonstrated in what you say, though. It is also demonstrated in what you do. To talk about how body language can help REALTORS® build trust with clients, Pamela Barnum, a non-verbal communication expert,…
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October 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: Higher Borrowing Costs See Buyers Remain on Hold
Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto Area (GTA) in October 2023. As a result, sales edged lower compared to last year. However, selling prices remained higher than last year’s levels.
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What’s in Store for TRESA Phase 2?
Phase two of the Trust in Real Estate Services Act is coming into force on Friday, December 1, 2023. Are you prepared? In this informative episode, Ready to Real Estate host and TRREB Chief Market Analyst Jason Mercer is joined by real estate lawyer Mark Weisleder to cover everything you need to know. From a legal…
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TRREB: Strong Population Growth Driving Rental Demand in Q3 2023
Demand for and supply of rental condominium apartments continued to grow in the Greater Toronto Area (GTA) during the third quarter of 2023, as reported by REALTORS® through TRREB’s MLS® System.
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TRREB: More Supply in the Condo Market for Q3 2023
The condominium apartment market became much more balanced over the past year. While Q3 2023 condo apartment sales were up year-overyear, growth in listings far outstripped growth in sales. The result was the average price edging lower providing some relief in the face of higher borrowing costs.