trebadmin
-
December 2021 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.
-
Record GTA Home Sales and Average Price in 2021
A record 121,712 sales were reported through TRREB’s MLS® System in 2021 – up 7.7 per cent from the previous 2016 high of 113,040 and up 28 per cent compared to 2020. Record demand last year was up against a constrained supply of listings, with new listings up by 6.2 per cent – a lesser…
-
TRREB Calls on City Council to Focus on Expanding Housing Supply instead of New Investor Tax
With Toronto City Council set to consider a motion by a councillor to ask the provincial government to impose another tax on the sale of non-principal resident homes, referred to as a “speculation tax,” the Toronto Regional Real Estate Board (TRREB) is warning about the potential unintended impacts of such a tax. This tax would…
-
GTA Home Sales Hit New November Record While Listings Drop
Home sales reached a new record for the month of November, and the average selling price also reached a new all-time high. New listings were down substantially compared to last year for all market segments – further highlighting the inherent supply issue across all home types in the Greater Toronto Area (GTA).
-
“The Holy Grail”: A Report on Supply and Housing Affordability
What makes Canadian cities like Toronto and Vancouver so expensive to live in? Analysts and pundits point to issues such as foreign investment and speculation, as well as housing supply restrictions. But, recent findings from a British Columbia-based expert panel show that the housing supply in Vancouver is uniquely less responsive to changes in demand…
-
Toronto City Council Adopts Inclusionary Zoning Policy
Toronto City Council has adopted a new Inclusionary Zoning policy framework intended to get more affordable housing built across Toronto.
-
Toronto City Council Approves Small Business Property Tax Class
Toronto City Council has approved a new small business property tax class, to allow for a 15 per cent property tax reduction for small businesses. TRREB has supported this policy as an important way to encourage economic development.
-
Near Record Home Sales, Low Inventory Sustain Strong Price Growth
Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. However, the inventory of homes for sale did not keep up with demand. The number of new listings was down by approximately one-third compared to October 2020. Market conditions tightened across all major home types compared…
-
GTA Rental Prices Surge While Rental Listings Drop Dramatically
Accelerating economic recovery from the pandemic has spurred renewed demand for rental accommodation in 2021. In the third quarter, there was a double-digit increase in the number of condominium apartment rental transactions reported through the Toronto Regional Real Estate Board’s (TRREB) MLS® System. Over the same period, tightening market conditions resulted in an increase in…
-
GTA Condo Market Sees Resurgence Compared to Last Year
The condominium apartment market has experienced strong growth in 2021 and this continued in the third quarter. Sales in Q3 were up substantially compared to the same period last year. In addition, the condo inventory that built up during the initial phases of COVID has been more than absorbed with listings down significantly compared to…
-
September 2021 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.
-
Tight GTA Housing Market Conditions Sustain Strong Price Growth
September marked the transition from the slower summer market to the busier fall market in the in the Greater Toronto Area (GTA). Every year, we generally see an uptick in sales, average selling price and listings after Labour Day, and September 2021 was no different. Sales increased relative to August and were also at the…