Government News
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Federal Government Spring Economic Update and Housing
TRREB welcomes the federal government’s Spring Economic Update which continues the government’s focus on housing supply and affordability. The measures signal meaningful progress on long-standing priorities shared by homebuyers across the Greater Toronto Area and Simcoe County. Several initiatives align with TRREB and CREA advocacy goals, including increased flexibility in mortgage insurance to support missing-middle…
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TRREB Statement on Vaughan’s Reduction of Development Charges
TRREB welcomes the City of Vaughan’s decision yesterday to temporarily reduce residential development charges to zero to help accelerate housing construction and improve affordability for current and future residents. This is the type of bold municipal leadership needed to address Ontario’s housing supply crisis. Development charges are a major cost embedded in the price of…
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New TRREB Housing Report Recommends Action to Remove Remaining Roadblocks to a More Diverse Housing Supply
The Toronto Regional Real Estate Board (TRREB) today released a major new housing policy report, “Removing Roadblocks: Tackling Municipal Barriers to Housing Supply and Affordability in Ontario,” outlining the next phase of provincial housing policy reforms needed to build more of the right types of homes and improve affordability for Ontarians. The report recognizes the…
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TRREB: The Building Homes, Infrastructure Act and Development Charges Reduction Commitment are Significant Steps to Boost Housing Supply and Affordability
At a time of significant economic uncertainty and declining housing starts, the Toronto Regional Real Estate Board (TRREB) welcomes the Province of Ontario’s introduction of the Building Homes and Improving Transportation Infrastructure Act, as another step toward addressing the Province’s housing supply and infrastructure challenges. TRREB is particularly encouraged by the legislation’s focus on removing regulatory…
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TRREB Welcomes Canada-Ontario Development Charge Reduction Commitment
At a time of ongoing housing affordability challenges and broader economic uncertainty, the Toronto Regional Real Estate Board (TRREB) welcomes the signing of the Canada–Ontario Partnership to Build, which introduces a new commitment to reduce municipal development charges. Development charges amount to up to 20 per cent of a home’s purchase price. TRREB has relentlessly advocated…
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HST Elimination for all Buyers of New Housing is a Major Step Forward
The Toronto Regional Real Estate Board (TRREB) welcomes today’s announcement from the Government of Ontario and Federal Government to extend the elimination of the 13 per cent HST from first-time buyers to now include all buyers of new homes valued up to $1.5 million. The rebate will be capped at $130,000 and reduced further for…
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Advocacy Update: Submissions on Supply and Affordability to York Region and Whitchurch-Stouffville
TRREB has weighed in with more solutions to support housing supply and affordability in key areas of our region. Lower Development Charges in York Region TRREB responded to York Region Council’s announced proposed development charge rate changes, which include minor decreases for residential units. We welcome any reduction in development charges, which can add over…
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TRREB Submission on Proposals to Regulate Criminal Activities on Rented Premises
TRREB recently submitted comments to the Ontario Solicitor General on proposals to regulate criminal activity on rented premises for both residential and commercial properties under the Measures Respecting Premises with Illegal Drug Activity Act, 2025. While TRREB supports efforts to address illegal drug production and improve community safety, we emphasized that any regulatory framework must avoid…
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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…