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On behalf of the nearly 70,000 REALTOR® Members of the Toronto Regional Real Estate Board (TRREB), we unequivocally condemn the behaviour highlighted in the CBC Marketplace investigative report on mortgage fraud.
With municipal elections being held on October 24, 2022, the Toronto Regional Real Estate Board (TRREB) has launched a campaign to ensure that candidates for municipal office understand the importance of making housing affordability a priority. In support of this campaign, TRREB has released the results of new public opinion polling conducted by Ipsos Public…
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44.1 per cent compared to September 2021. New listings were also down on a year-over-year basis by 16.7 per cent to 11,237.
Heading into a municipal election this fall, the Toronto Regional Real Estate Board (TRREB) will host an in-person fireside chat with Mayor John Tory on Tuesday, October 4, 2022, at Parkview Manor for TRREB Members, and the media is invited.
The Toronto Regional Real Estate Board (TRREB) will release September 2022 market statistics on Wednesday, October 5 at 5:00 a.m. EDT. TRREB’s news release will highlight market trends.
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,…
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…
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…
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…
Before the COVID-19 pandemic lockdowns struck in March 2020, spending on home renovations in Ontario was already outpacing the rest of the economy, with more than $80 billion spent on improvements in 2019 according to Altus Group research. Since the pandemic hit, renovation permit applications are up a further 18 per cent across the province.…