trebadmin
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TRREB Commends Mayor Del Duca’s Leadership in Reducing Development Charges
The Toronto Regional Real Estate Board (TRREB) commends the City of Vaughan and Mayor Del Duca for their decisive action to reduce development charges (DCs), a move that will significantly enhance housing affordability and supply in York Region. The new DCs officially took effect on November 19, 2024. Previously, the City’s published development charge rate for low-rise residential…
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TRREB Releases Report: “Breaking the Backlog: Restoring Fairness and Justice to Ontario’s Landlord and Tenant Board”
The Toronto Regional Real Estate Board (TRREB) launches a new report, “Breaking the Backlog: Restoring Fairness and Justice to Ontario’s Landlord and Tenant Board”, highlighting urgent reforms needed at the Landlord and Tenant Board (LTB) that addresses significant delays and inefficiencies in the system. TRREB’s report makes 10 recommendations to the province to strengthen public…
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October 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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Exploring Neighbourhoods: Simcoe County
Discovering the right community in Simcoe County is a fulfilling journey, and TRREB Member REALTORS® are here to help. With their deep local knowledge and access to current market data, these professionals can guide you towards making confident choices whether you’re buying or selling a home. Simcoe County is celebrated for its charming and diverse…
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Sales and Average Selling Price Increases in October
Greater Toronto Area (GTA) home sales increased strongly year-over-year in October 2024. Over the same period, new listings were up, but by a lesser annual rate. The result was tighter market conditions compared to October 2023. The average selling price was up slightly on an annual basis. “While we are still early in the Bank…
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From Policy to Possibility: How Mortgage Reforms are Making Homeownership Attainable
Housing supply and unaffordability continue to impact the real estate industry across Canada. Home buyers need to see mortgage changes that allow flexibility and empower more choice. Lauren van den Berg, President and CEO of Mortgage Professionals Canada (MPC), joins TRREB’s Ready to Real Estate podcast host Jason Mercer to discuss the mortgage landscape and…
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TRREB Welcomes Ontario Government’s Measures to Support Fair Property Taxation and Increase Housing Supply
The Toronto Regional Real Estate Board (TRREB) applauds the Ontario government for introducing several key measures to support a fair and affordable property tax system while promoting housing supply across the province in the 2024 Fall Economic Statement. The government’s ongoing review of the property assessment and taxation system, which focuses on fairness, affordability, business competitiveness,…
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Condo Average Prices Drop Slightly in Q3 2024
Relatively high borrowing costs continue to impact the Greater Toronto Area (GTA) condominium apartment market segment in the third quarter of 2024. Sales were down on a year-over-year basis. Over the same period, the number of listings was up. This resulted in more choice and, therefore, negotiating power for buyers and a slightly lower average…
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Condo Rental Transactions Continue to Increase in Q3 2024
Strong population growth in the Greater Toronto Area (GTA) continue to drive marked year-over-year growth in condo rental transactions reported through TRREB’s MLS® System in the third quarter of 2024. Over the same period, the number of condo apartments listed for rent increased by a greater rate than transactions, providing more choice for renters and…
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TRREB Encourages All Policymakers to Consider Lower Taxes for Home Buyers and Sellers
Families and individuals living in the Greater Toronto Area (GTA) pay some of the highest taxes on the purchase of a home in North America. In Toronto, buyers can expect a double land transfer tax, development charges and sales taxes, totalling over $200,000 in taxes and fees on the average priced home. Cutting taxes for…
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TRREB Submission on City of Toronto Avenues Review
TRREB has submitted feedback to the City of Toronto recognizing the potential of the City’s Avenues Review initiative to revitalize key corridors and add up to 160,000 new housing units. Designated Avenues, characterized by a mix of residential, commercial, and institutional uses, should guide sustainable growth and enhance urban design. Key Takeaways Areas of Concern…
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September 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.