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TRREB: Buyers Re-Enter the GTA Housing Market in February
Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. Population growth and a resilient regional economy continued to support the overall demand for housing. Higher borrowing costs kept home sales below the February sales…
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What’s in Store for the 2024 Market Outlook – Find Out More
Curious about what’s in store this year for the Greater Toronto Area (GTA) real estate market? Wondering how shifting trends and economic factors might influence your buying or selling decisions? On Thursday, February 8, nearly 700 TRREB Members, industry partners, the media and policymakers attended TRREB’s 2024 Market Outlook & Year in Review event to find out…
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What’s Next for New and Resale Homes?
The traditionally busy spring season and lower interest rates are two factors that may drive up activity in the housing market. Our latest Ready to Real Estate podcast episode features two data experts: Ray Wong, Vice President of Data Operations at Altus Group, and Sean Simpson, Vice President of Ipsos Public Affairs. They will talk about what lies…
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Setting the Record Straight on Ontario’s Real Estate Industry
When writing a story on something as important as Ontario’s real estate industry, it’s important to get your sources right. The Toronto Star article published on February 17 used incorrect data sources to arrive at its conclusions. The article has since been updated to clarify that “an exodus of 45,000 real estate agents and brokers” between February…
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Media Invite: TRREB Market Outlook and Year in Review Event in Peel
Media are invited to attend TRREB’s 2024 Market Outlook and Year in Review Peel event on Wednesday, February 21, 2024, at 10:00 a.m.
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Media Invite: TRREB Market Outlook and Year in Review Event in Durham
Media are invited to attend TRREB’s 2024 Market Outlook and Year in Review Durham event on Friday, February 16, 2024, at 10:00 a.m.
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TRREB: Home Sales Expected to Reach 77,000 in 2024
The Toronto Regional Real Estate Board (TRREB) is forecasting what’s next in the Greater Toronto Area (GTA) real estate market with the sought-after 2024 Market Outlook and Year in Review report and interactive digital digest.
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January 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: Tighter Market Conditions in January 2024 When Compared to the Previous Year
Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed rate mortgage products. New listings were also up year-over-year but by a lesser annual rate compared to sales. The resulting tighter market conditions when compared to…
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TRREB: Better-Supplied Condo Market in Q4 2023
Fourth quarter 2023 condominium apartment sales in the Greater Toronto Area (GTA) remained low historically, as the demand for ownership housing continued to be hampered by affordability concerns brought about by high borrowing costs. Buyers who were active in the market benefitted from a substantial amount of choice. This meant that average selling prices were…
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TRREB: Strong Population Growth Drives Rental Demand in Q4 2023
Condominium apartment leasing activity continued to be strong in the fourth quarter of 2023. The number of lease transactions reported through TRREB’s MLS® experienced a strong year-over-year increase. However, the number of units listed for rent was up by an even greater annual rate. This resulted in more choice for renters and a slower pace…
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The REALTORS® Who Will Thrive in a ChatGPT Future
AI can interpret, forecast, and execute certain tasks much faster than a human can. For instance, it might forecast the number of transactions in a year, the areas in a particular market that will see the highest levels of growth, and even the selling price of properties. AI analysis is so swift, in part, because…