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GTA Housing Market: More Choice, Greater Affordability for Buyers
Home sales in the Greater Toronto Area (GTA) were down year-overyear in October, while new listings were up. Market conditions continued to favour homebuyers, as average selling prices were negotiated down alongside lower mortgage rates. “Buyers who are confident in their employment situation and ability to make their mortgage payments over the long term are…
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TRREB Launches Your Voice, Our Future Campaign
Today the Toronto Regional Real Estate Board (TRREB) launched a milestone initiative. The Your Voice, Our Future campaign is the most ambitious and comprehensive membership consultation in the organization’s history. In emails to TRREB’s more than 70-thousand Members the Board said: “To serve you better, we need to hear directly from you, what’s working, what’s not, and where we can…
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Can Toronto Deliver on Its Housing Commitments?
In this episode of Ready to Real Estate, host Jason Mercer discusses the current state of housing policy in Toronto with experts Alex Beheshti and Greg Ewens. They explore federal initiatives aimed at increasing housing supply, the challenges of navigating government relations, and the impact of local planning initiatives. The conversation also delves into the…
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TRREB GRC West Working Group Advocates for Zoning Reform and DC Incentives in Peel Region
Advocating for Fourplexes in Caledon TRREB’s Government Relations Committee West Working Group advocates across Peel Region, including Caledon, to expand housing options and accelerate the delivery of diverse, attainable homes. TRREB collaborated with Caledon planning officials to permit fourplexes as-of-right across the municipality, an initiative that City Council adopted. Drawing on market data and housing…
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TRREB Applauds Ontario’s New HST Rebate for First-Time Homebuyers
The Toronto Regional Real Estate Board (TRREB) applauds the Ontario government’s leadership in announcing a new rebate to provide much-needed relief to first-time homebuyers. By removing the full 8 per cent provincial portion of the HST on new homes valued up to $1 million, the province is taking critical steps to protect the dream of homeownership in…
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Electrical Safety: A Smart Move for Buyers and Sellers
This article was written by the Electrical Safety Authority (ESA) in partnership with TRREB. The ESA regulates and promotes electrical safety in Ontario. For more information visit esasafe.com. Some surprises can make your day – a client’s referral or an unexpected closing gift – but electrical surprises can be quite a shock! For real estate agents,…
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TRREB JOINT STATEMENT: Ontario’s Housing Sector United in Call for Bold, Coordinated Action
Ontario is facing a housing emergency. Projects are stalling, builders are cancelling developments, and families and individuals are being priced out of the market. As the provincial and federal governments prepare to release their fall economic statement and budget respectively, our message is urgent: bold, coordinated action is needed to boost housing construction, lower costs,…
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Advocacy Update: TRREB Urges Markham to Approve Four Units Per Lot
TRREB’s Government Relations Committee North Working Group is urging the City of Markham to approve a proposed policy to allow up to three additional residential units (ARUs) — such as garden suites, laneway suites, and basement apartments — on lots zoned for single-detached, semi-detached, and townhouse dwellings, enabling a total of four units as-of-right. This…
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TRREB Climate Risk Working Group Engages with City on Emissions Performance Standards
TRREB’s Government Relations Committee Climate Risk Working Group engaged the City of Toronto’s Building Emissions Performance Standards (BEPS) team to learn more about the City’s efforts to reduce greenhouse gas emissions from buildings, the largest source of emissions citywide. City staff shared an overview of the proposed Building Emissions Performance Standards by-law, which will go before…
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TRREB REALTOR® Members Supporting Shelter-Based Charities, Food Banks, and School Breakfast Program with $805,000 Donation
To combat housing and food insecurities, the Toronto Regional Real Estate Board (TRREB) is donating $805,000 through the Ontario REALTORS Care® Foundation (ORCF) on behalf of our REALTOR® Members. Since 2008, TRREB has participated in the ORCF’s Every REALTOR® Campaign where TRREB donates $1 per Member per month. Each dollar supports shelter-based charities, food banks, and a school breakfast program. TRREB, in partnership…
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TRREB Housing Affordability Working Group Discusses Funding Models for Non-Profit Housing
TRREB’s Housing Affordability Working Group recently met with representatives from WoodGreen, Toronto’s largest non-municipal affordable housing provider, to learn about a new proposal to improve how non-profit and purpose-built rental housing is delivered in the GTA and across the province. The proposal focuses on creating an Affordable Housing Revolving Fund, a model that offers low-interest loans to cover…
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How Toronto’s Chief Planner is Tackling the Housing Crisis
How are cities like Toronto responding to pressure to build more housing and diversify housing types? In this episode of the Ready to Real Estate podcast, host Jason Mercer, TRREB’s Chief Information Officer, engages in a compelling conversation with Jason Thorne, Toronto’s Chief City Planner. They explore the pressing challenges and innovative solutions shaping Toronto’s housing landscape.…