The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on Greater Toronto Area (GTA) home sales in September. However, despite the market being better-supplied with listings, the average selling price was up year-over-year.
The Toronto Regional Real Estate Board (TRREB) welcomes the City of Toronto’s much anticipated revenue tools report’s consideration of a multi-year approach to property tax rates. Property tax is a more equitable, stable and appropriate means of taxation for the city, rather than increasing the reliance on an unpredictable revenue source such as the Municipal…
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home sales in August 2023 compared to August 2022. The average selling price remained virtually unchanged over the same period. On a seasonally adjusted monthly basis, sales and average price edged lower.
Help us spread the word. We’re looking for speakers for TRREB REALTOR® QUEST, Canada’s largest real estate conference and trade show, taking place on May 15 & 16, 2024 at the Toronto Congress Centre. TRREB is seeking experienced thought leaders and industry experts to present on emerging trends relating to technology, law, and marketing, or…
Stress and negative thoughts lead to self-doubt. They hold people back from living their best lives. Change is possible and change seekers can work to replace negative thoughts with positive ones, breaking harmful cycles. Learn how to find deeper wellness and combat stress and negative thinking with this conversation between clinical psychologist and author Dr.…
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
Greater Toronto Area (GTA) home sales, new listings and home prices were up in July 2023 in comparison to July 2022. On a seasonally adjusted basis, the market experienced more balance in July compared to June, with sales trending lower while new listings were up.
For REALTORS® wanting to build a new brand online or boost the brand they have, where should you start? Is it possible to build a premium brand at a freemium price? Marki Lemons-Ryhal, a licensed managing broker, REALTOR®, and best-selling author, sits down with Ready to Real Estate host and TRREB Chief Market Analyst Jason…
Market conditions in the condominium apartment segment tightened markedly in the second quarter of 2023. Sales were up strongly on a year-over-year basis, whereas the number of new listings was down sharply. With more competition between buyers, average condominium apartment selling prices should climb above last year’s levels in the second half of this year.
Average condominium apartment rents continued to well outpace the rate of inflation in the second quarter of 2023. Despite seeing an increase in the number of units listed for rent, competition between renters remained very strong. This competition underpinned higher average rents.
We’re emerging from the worst of the COVID-19 pandemic. Even so, pandemic-thinking continues to guide the leaders of many organizations, pushing stressed employees closer to burnout. Employees are asked to do “more with less” and work at a chaotic pace. Bestselling author, marketer, and speaker Hamza Khan talks to Ready to Real Estate host and…