trebadmin
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TRREB To Release August Numbers On Friday
The Toronto Regional Real Estate Board (TRREB) will release the August 2022 market statistics on Friday, September 2, at 5:00 a.m. EDT. This is one business day earlier than normal, in order to make the data and analysis available prior to the Labour Day long weekend.
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July 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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GTA Home Sales and Listings Trend Downwards in July
There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 – down by 47 per cent compared to July 2021. Following the regular seasonal trend, sales were also down compared to June. New listings also declined on a year-over-year basis in July, albeit down by a…
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Celebrate GTA Culture and Community This August
Show your passion for our neighbourhoods by taking part in the city’s Cultural Hotspot events. TRREB is sponsoring the annual arts and culture program to share the footprint of REALTOR® presence in the communities where you live and work.
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Condo Sales in the GTA Were down While New Listings Remained Steady
The Greater Toronto Area (GTA) condominium apartment market followed a similar trend to the housing market as a whole in Q2 2022. With 5,687 sales, the Q2 result represented a decline of 35.2 per cent compared to Q2 2021. Over the same period, new listings remained flat at 14,316. With sales accounting for a lower…
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Average Rent Reaches New High as Competition Heats up in the GTA
Condominium apartment rental market conditions have tightened dramatically over the past year. Average rents for one-bedroom and two-bedroom apartments are now both at record levels, surpassing the previous peak in Q3 2019.
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City Offers Zero-Interest Loans, Incentives to Accelerate Home Retrofits and Emissions Reductions
The City of Toronto has announced an enhanced Home Energy Loan Program (HELP) that will offer zero-interest loans and incentives to help homeowners in Toronto make their homes more energy-efficient and reduce the emissions contributing to climate change. The HELP program has been in existence since 2014, but it has now been enriched and expanded.
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Garden Suites Now Permitted in Toronto After Dismissal of Appeal
The City of Toronto Garden Suites By-law is now in full force after the Ontario Land Tribunal (OLT) dismissed an appeal. The Garden Suites By-law and Official Plan Amendment were adopted by Toronto City Council on February 2, but were appealed shortly after. On July 4, 2022, the OLT decided that it did not have…
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Expanding Housing Options for Residents New and Old
After a brief downturn due to COVID-19, immigration is back to normal in the Greater Toronto Area (GTA), with the City of Toronto anticipating an additional one million residents over the next 30 years. Immigration is a cornerstone of economic growth and key to the diversity that makes regions, such as the GTA great. Studies,…
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MLS® Home Price Index
In line with best statistical practices, the MLS® HPI is reviewed annually. Coverage may be revised when results from the Annual Review are implemented each June. For example, HPI coverage may now extend to areas within markets where sales volumes were previously too low but have picked up enough to support Benchmark price tracking. On…
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Ontario Election: Housing Platforms Explained by Liberal Lisa Patel and Green Abhijeet Manay
The province’s June 2 election day is just around the corner, and with housing being top of mind for many Ontarians, TRREB hosted a debate on the Ready to Real Estate Podcast between provincial candidates in GTA ridings.* Abhijeet Manay, the Green Party deputy leader and candidate for the riding of Beaches–East York, and Lisa Patel, TRREB…
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Mortgage Rates: Present and Future
In an attempt to curb rising inflation, the Bank of Canada has been hiking its policy interest rate – with the most recent increase being 50 basis points to 1 per cent. The Bank’s target for the Overnight Lending Rate directly impacts the cost of borrowing for variable rate mortgages and lines of credit and indirectly…