Government News
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Advocacy Update: TRREB Delivers 2026 Budget Submissions Across Key Municipalities
TRREB submitted pre-budget recommendations for 2026 to municipalities and regions across the Greater Toronto Area (GTA) and Simcoe, including Toronto, Peel Region, York Region, Brampton, Mississauga, Richmond Hill, Markham, Vaughan, Newmarket, Simcoe County, and Barrie. These submissions draw on TRREB’s extensive market expertise to address the ongoing housing supply and affordability challenges. They emphasize bold,…
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Ontario‘s Housing Sector Calls on the Federal and Ontario Governments to Act Now with Targeted Action on Housing
Ontario and Canada remain in the grip of a housing crisis that is increasingly defined not only by insufficient supply of the housing that is needed, but also by a decline in confidence across the housing ecosystem. While governments and industry have made meaningful progress on planning reform, funding programs, and streamlining approvals, housing delivery…
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New Ipsos Polling Highlights Growing Housing Affordability Pressures Across GTA Communities
The Toronto Regional Real Estate Board (TRREB) is issuing five local housing affordability updates based on new Ipsos polling of Greater Toronto Area (GTA) and Simcoe residents. The findings point to rising concern about housing costs, strong public support for measures to lower government-driven housing costs, and growing urgency to accelerate the delivery of attainable…
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TRREB Commends RECO Administrator and Province on Honouring all Payments Related to iPro Realty Matter
The Toronto Regional Real Estate Board (TRREB) commends the Real Estate Council of Ontario (RECO) Administrator and Acting CEO, Jean Lepine, and the Government of Ontario for fully delivering on their commitment to pay 100 per cent of the eligible commissions owed related to the iPro Realty matter. The announcement follows RECO’s recent payment of…
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TRREB Statement on Electricity Transmission Line to Toronto
The Toronto Regional Real Estate Board (TRREB) welcomes Minister Lecce’s announcement of the province’s approval of a new underwater electricity transmission line into Toronto, a critical investment that will support housing supply, economic growth, and long-term affordability for residents. By delivering up to 900 MW of additional capacity or power for 900,000 new homes, this…
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Statement from TRREB on Toronto City Council’s Approval of an Increase to the Land Transfer Tax
Toronto residents want an affordable city. They want a city where families and individuals can put down roots, seniors can downsize with dignity, and young people can realistically aspire to homeownership. City Council’s decision to approve another increase to Toronto’s Municipal Land Transfer Tax (MLTT) moves the City further away from those goals. The Toronto…
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Toronto Residents Say City’s Reliance on Land Transfer Tax Is Fueling the Housing Affordability Crisis
New polling shows growing frustration as Council considers yet another MLTT hike. As Toronto City Council considers a proposal to increase the Municipal Land Transfer Tax (MLTT) on higher-value homes, new Ipsos polling conducted for the Toronto Regional Real Estate Board (TRREB) shows that 416 residents are deeply concerned about housing affordability and believe the…
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TRREB Statement on Proposed Increase to Toronto’s Land Transfer Tax on Higher Value Homes
Municipal land transfer taxes (MLTTs) hurt the Canadian dream of home ownership by taking thousands of dollars out of home buyers’ pockets. With average home prices in the City of Toronto exceeding $1 million, the Toronto MLTT adds over $17,000 to the upfront closing cost of buying a home. Together, home buyers pay both a…
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OREA & TRREB Statement: Province’s Intention to Appoint RECO Administrator
“The Ontario Real Estate Association (OREA) and Toronto Regional Real Estate Board (TRREB), representing nearly 100,000 REALTORS®️, fully support Minister Stephen Crawford’s latest letter to the Real Estate Council of Ontario (RECO) and his decisive action on accountability. We endorse the intention to appoint an administrator to ensure RECO gets back to the basics of fulfilling its…
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TRREB Welcomes Housing Tax Relief and Beneficial Ownership Registry in the Ontario Fall Economic Statement
Ontario needs decisive action to kick-start housing construction and give young people and their families new hope they’ll one day achieve their dream of owning a home. With a commitment to housing tax relief, the 2025 Ontario Fall Economic Statement is a strong step towards protecting the dream of home ownership and boosting housing supply.…
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TRREB East GRC Working Group Welcomes Historic Durham Region Investment in Nuclear Energy
TRREB’s East GRC Working Group addresses real estate and housing issues that affect REALTORS® and residents in Durham Region. The group recently met to review key regional updates, focusing on nuclear energy investments and job creation that will strengthen the housing market and local economy. Small Modular Nuclear Reactors at the Darlington Plant The group…
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TRREB Statement on Federal Budget 2025
Canadians continue to struggle with housing affordability and supply challenges. Driven by economic uncertainty and high construction costs, projects are stalling, builders are cancelling developments, and families and individuals are struggling with affordability. The Toronto Regional Real Estate Board (TRREB) and housing sector partners have called on the federal government to take bold, coordinated action…