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TRREB Applauds the Homeowner Protection Act, 2024
The Toronto Regional Real Estate Board (TRREB) applauds the Government of Ontario’s introduction of the Homeowner Protection Act, 2024, aimed at enhancing consumer protections and preventing fraudulent activities in Ontario’s real estate market. TRREB commends the government’s proposal to also apply a 10-day cooling-off period to purchasers of new freehold homes, a protection already in place…
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TRREB Statement on Toronto City Council’s Approval of Townhomes and Small Six-Storey Residential Units Along Major Roads
The Toronto Regional Real Estate Board (TRREB) continues to champion the Expanding Housing Options in Neighbourhoods (EHON) initiative aimed at building more low-rise housing in residential neighbourhoods to meet the needs of our growing city. Last night’s decision by Toronto City Council to allow townhomes and small six-storey residential units with a maximum of 60…
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TRREB Statement on Toronto Council Motion to Allow Six-Storey Residential Buildings on Major Streets
With so many people struggling under the weight of the affordability crisis, the City of Toronto needs its elected leaders to step up and deliver policy action that is going to make a meaningful impact where it matters most. For families and individuals, housing is often the biggest monthly cost. To increase affordability, City Council…
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April 2024 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: More Choice for Home Buyers in April
April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price compared to last year. Greater Toronto Area (GTA) REALTORS® reported 7,114 sales…
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Navigating Canada’s Housing Challenges: The Role of Immigration in Housing Supply
In the delicate balance of supply and demand shaping Canada’s housing landscape, immigration is a significant factor influencing housing. Research from Loyalist Public Affairs inside TRREB’s 2024 Market Outlook and Year in Review Report highlights the current challenges and potential solutions. Need for Comprehensive Planning A recent report by the Canada Mortgage and Housing Corporation (CMHC) paints a…
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TRREB: Condo Prices Remain Flat in Q1 2024
The Greater Toronto Area (GTA) condominium apartment sales increased moderately in the first quarter of 2024 relative to the first three months of 2023. However, over the same period the number of condo apartment listings increased by a greater annual rate. With buyers benefitting from more choice, the average condo selling price edged lower. Total…
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TRREB: Condo Rental Transactions Up in Q1 2024
The number of condominium apartment lease transactions reported through the Toronto Regional Real Estate Board’s (TRREB) MLS® System was up strongly year-over-year in the first quarter of 2024. Over the same period, the number of units listed for rent was up by an even greater annual rate. This resulted in more choice for renters and…
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Dos and Don’ts for Buying and Selling Cottages
It’s that time of year when cottage owners start thinking about selling, and REALTORS® may have a client who is looking to buy a weekend getaway. In our latest podcast episode, TRREB’s Chief Market Analyst and podcast host Jason Mercer sits down with real estate lawyer Richard Moran to unpack everything you need to know…
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TRREB Statement on the 2024 Federal Budget
To tackle Canada’s housing affordability crisis, governments need to do two things. First, they must build more homes of all types. Second, they must lower the taxes and fees Canadians pay to find an affordable place to call home. Today’s Federal Budget gets it right on supply but needs to be careful about the impact…
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Examining the Social Impact of Housing Unaffordability
In the intricate web of societal challenges, housing unaffordability looms as a profound disruptor, silently eroding the well-being of individuals and communities alike. In TRREB’s 2024 Market Outlook and Year in Review report, the Canadian Centre for Economic Analysis (CANCEA) shares their ground-breaking study Locked Out: The Social Value Cost of the GTA’s Housing Crisis. It provides an in-depth look…
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TRREB Statement on Canada’s Housing Plan
Canada is in the middle of a historic housing affordability crisis and families need governments at all levels to come forward with policies that will lower costs for home buyers and get more homes built faster. Today’s announcement by Prime Minister Trudeau, Minister Freeland and Minister Fraser of Canada’s Housing Plan is a historic commitment…