trebadmin
-
Four Things You May Not Know About Home Renos in 2022
Before the COVID-19 pandemic lockdowns struck in March 2020, spending on home renovations in Ontario was already outpacing the rest of the economy, with more than $80 billion spent on improvements in 2019 according to Altus Group research. Since the pandemic hit, renovation permit applications are up a further 18 per cent across the province.…
-
The Average Price of Condos Increased While New Condo Listings Remained Flat in GTA
Condominium apartment sales remained strong historically in Q1 2022. Seller’s market conditions remained in place with the average selling price increasing by more than 20 per cent year-over-year.
-
The Cost to Rent Rises While Rental Listings Fall in GTA
Tight rental market conditions continued in the first quarter of 2022, pushing average rents closer to the pre-pandemic peak. Rental transactions were down year-overyear in the first quarter, largely due to the fact that rental listings dropped by an even greater annual rate. The result was increased competition between renters and double-digit rent increases.
-
TRREB Encouraged by Federal Budget Actions to Increase Supply of Housing
The Toronto Regional Real Estate Board (TRREB) is applauding the federal government for making housing affordability a priority of the 2022 Federal Budget but is questioning the need and effectiveness of some of the announced actions. Specifically, TRREB is encouraged that the budget includes initiatives intended to increase the supply of homes for sale and…
-
Climate Change Means Changes in Real Estate
The impacts of climate change are undeniable, and growing year after year. Since the 1950s, disaster loss insurance claims have doubled every five to 10 years, and in 2005, they approached $100 billion. As the majority of many Canadians’ equity is within the home they own, it’s imperative to protect that investment from extreme weather…
-
TRREB Donates $100K on Behalf of Members to Help Ukraine Humanitarian Needs
Over the last five weeks, we have seen the horror unfold and the devastation caused by the ongoing conflict in Ukraine.
-
TRREB CEO John DiMichele Recognized by His Peers Nationwide
Toronto Regional Real Estate Board (TRREB) CEO John DiMichele is known as a dedicated leader, visionary, mentor, change advocate and community volunteer. It comes as no surprise that he’s received one of the highest industry honours, the 2022 Association Executive Network’s (AEN) Award of Excellence, at the Canadian Real Estate Association’s (CREA) Annual General Meeting…
-
March 2022 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.
-
Average GTA Home Price Hovers at $1.3m
There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price dipped slightly month-over-month, bucking the…
-
Law, Order, and Real Estate
REALTORS® have an obligation to act in their clients’ best interests, whether they’re buying their first or dream home, or looking to be a tenant or landlord renting out an investment property. They have to act within the confines of the law, and that is where real estate lawyers can help. On a recent episode…
-
The 2022 Rental Market Outlook
Buying and selling real estate has garnered a lot of media attention, especially with rising home prices both before and during the COVID-19 pandemic. The rental market – and especially so in the Greater Toronto Area (GTA) – has also seen its share of sweeping changes brought on or exacerbated by pandemic-induced shifts in the…
-
TRREB Climate Change Statement
The Toronto Regional Real Estate Board (TRREB) recognizes and acknowledges the current and impending impacts of climate change on our clients, community, and built environment.