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February 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.
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Second Highest February Sales on Record
February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to…
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The “New Normal” of the Post-Pandemic Workplace
The COVID-19 pandemic caused a fundamental shift in work in the Greater Toronto Area (GTA), with a huge impact on the traditionally bustling downtown core of office buildings. Two years into the pandemic, with some semblance of “new normal” on the horizon, what can employers and employees expect about the changing nature of work? TRREB…
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Keeping up with the Consumers: Early 2022 Ipsos Polling
It’s an anxiety-inducing time for many Ontarians in these first couple of months of 2022. A continued pandemic, rising inflation, and climate challenges all lend to changes in spending behaviour for residents of the Greater Toronto Area (GTA) and beyond. But how do worries at the forefront of our minds play out in the real…
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2022 Market Outlook: Supply is Critical
Demand in the GTA isn’t going away. Population is set to reach new levels and increasing housing supply remains a key solution to address affordability issues. TRREB’s highly-awaited 2022 Market Outlook & 2021 Year in Review is in its seventh year of sharing drivers and trends in the real estate market. This year’s report, The Post-Pandemic Future: Communities, Housing…
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TRREB Statement on Provincial Housing Affordability Task Force Recommendations
The Toronto Regional Real Estate Board (TRREB) welcomes the recommendations from the Provincial Government’s Housing Affordability Task Force. Governments at all levels must take coordinated action to increase supply in the immediate term to begin addressing the supply challenges of today, and to work towards satisfying growing demand in the future.
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Supporting British Columbia Relief Efforts
Torrential rainfall across British Columbia forced mass evacuations and extensive damage, with thousands of residents displaced from their homes.
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January 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.
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TRREB Unveils Key Market Drivers For 2022 And January Numbers
The market outlook for 2022 is calling for strong home sales in the Greater Toronto Area (GTA) with the average selling price expected to hit a new record. The latest polling conducted for the Toronto Regional Real Estate Board (TRREB) by Ipsos shows detached homes are on the top of the list for buyers while…
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New Year, New Homes
Lack of available housing supply continues to be the major challenge for affordability in the Greater Toronto Area (GTA), whether we’re talking about ownership or rental housing. This presents the real estate market with unique challenges. What are some ways to address them? On a recent episode of TRREB’s Ready to Real Estate podcast, host and TRREB Chief…
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Condo Sales Reached An All – Time High
A record fourth quarter capped off a record year for condominium apartment sales in 2021. While condo listings were high from a historic perspective, it was not a record year on the supply side of the market. In fact, condo buyers experienced some of the tightest market conditions in 20 years. Strong competition between buyers…
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Rental Market Tightens In Q4 2021
Condominium apartment rental transactions dipped in Q4 2021 compared to the same period in the previous year. This drop was due to an even greater yearover-year decline in the number of units available to rent. Following tightening rental market conditions, year-over-year growth in average rents accelerated into the double digits, as rents moved closer to…