Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 million since the late summer. GTA home sales continued to adjust to substantially higher interest rates in October 2022, both on an annual and monthly basis. However, new…
The Toronto Regional Real Estate Board (TRREB) will release October 2022 market statistics on Thursday, November 3rd, at 5:00 a.m. EDT
Following the ownership market as a whole, Q3 2022 condominium apartment sales were off by approximately 46 per cent compared to Q3 2021. Despite there being substantially more balance in the market in the third quarter relative to a year earlier, the average selling price was up year-over-year, albeit by less than the current pace…
Double-digit year-over-year rent increases continued to be the norm in Q3 2022. With many would-be first-time buyers temporarily on the sidelines in the Greater Toronto Area (GTA) due to higher borrowing costs, rental demand has remained strong in the face of falling supply. Competition for condo rentals has intensified as a result, and negotiated rents…
The Toronto Regional Real Estate Board (TRREB) welcomes the provincial government’s introduction of legislation to accelerate the creation of additional housing supply. This is one of the most pressing issues facing our municipalities and province, and it warrants unequivocable and decisive action. Major problems require major solutions.
It is with great sadness that we mourn the passing of former Toronto Regional Real Estate Board (TRREB) President, Cynthia Lai.
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On behalf of the nearly 70,000 REALTOR® Members of the Toronto Regional Real Estate Board (TRREB), we unequivocally condemn the behaviour highlighted in the CBC Marketplace investigative report on mortgage fraud.
With municipal elections being held on October 24, 2022, the Toronto Regional Real Estate Board (TRREB) has launched a campaign to ensure that candidates for municipal office understand the importance of making housing affordability a priority. In support of this campaign, TRREB has released the results of new public opinion polling conducted by Ipsos Public…
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) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44.1 per cent compared to September 2021. New listings were also down on a year-over-year basis by 16.7 per cent to 11,237.
Heading into a municipal election this fall, the Toronto Regional Real Estate Board (TRREB) will host an in-person fireside chat with Mayor John Tory on Tuesday, October 4, 2022, at Parkview Manor for TRREB Members, and the media is invited.