Government News
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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…
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TRREB GRC West Working Group Advocates for Zoning Reform and DC Incentives in Peel Region
Advocating for Fourplexes in Caledon TRREB’s Government Relations Committee West Working Group advocates across Peel Region, including Caledon, to expand housing options and accelerate the delivery of diverse, attainable homes. TRREB collaborated with Caledon planning officials to permit fourplexes as-of-right across the municipality, an initiative that City Council adopted. Drawing on market data and housing…
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TRREB Applauds Ontario’s New HST Rebate for First-Time Homebuyers
The Toronto Regional Real Estate Board (TRREB) applauds the Ontario government’s leadership in announcing a new rebate to provide much-needed relief to first-time homebuyers. By removing the full 8 per cent provincial portion of the HST on new homes valued up to $1 million, the province is taking critical steps to protect the dream of homeownership in…
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TRREB JOINT STATEMENT: Ontario’s Housing Sector United in Call for Bold, Coordinated Action
Ontario is facing a housing emergency. Projects are stalling, builders are cancelling developments, and families and individuals are being priced out of the market. As the provincial and federal governments prepare to release their fall economic statement and budget respectively, our message is urgent: bold, coordinated action is needed to boost housing construction, lower costs,…