Government News
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TRREB Applauds the Homeowner Protection Act, 2024
The Toronto Regional Real Estate Board (TRREB) applauds the Government of Ontario’s introduction of the Homeowner Protection Act, 2024, aimed at enhancing consumer protections and preventing fraudulent activities in Ontario’s real estate market. TRREB commends the government’s proposal to also apply a 10-day cooling-off period to purchasers of new freehold homes, a protection already in place…
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TRREB Statement on Toronto City Council’s Approval of Townhomes and Small Six-Storey Residential Units Along Major Roads
The Toronto Regional Real Estate Board (TRREB) continues to champion the Expanding Housing Options in Neighbourhoods (EHON) initiative aimed at building more low-rise housing in residential neighbourhoods to meet the needs of our growing city. Last night’s decision by Toronto City Council to allow townhomes and small six-storey residential units with a maximum of 60…
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TRREB Statement on Toronto Council Motion to Allow Six-Storey Residential Buildings on Major Streets
With so many people struggling under the weight of the affordability crisis, the City of Toronto needs its elected leaders to step up and deliver policy action that is going to make a meaningful impact where it matters most. For families and individuals, housing is often the biggest monthly cost. To increase affordability, City Council…
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TRREB Statement on the 2024 Federal Budget
To tackle Canada’s housing affordability crisis, governments need to do two things. First, they must build more homes of all types. Second, they must lower the taxes and fees Canadians pay to find an affordable place to call home. Today’s Federal Budget gets it right on supply but needs to be careful about the impact…
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TRREB Statement on Canada’s Housing Plan
Canada is in the middle of a historic housing affordability crisis and families need governments at all levels to come forward with policies that will lower costs for home buyers and get more homes built faster. Today’s announcement by Prime Minister Trudeau, Minister Freeland and Minister Fraser of Canada’s Housing Plan is a historic commitment…
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TRREB Statement on Bill 185 and the Province’s Efforts to Expedite Housing Development
In the face of a historic housing affordability crisis, Ontario needs to continue implementing bold policy changes that clear the way to building more homes. The provincial government is continuing its work to address the province’s housing supply and affordability crisis with another piece of housing legislation, Cutting Red Tape to Build More Homes Act,…
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TRREB: The Province is Hearing Our Housing Calls – the New Ontario Budget
Ontario’s housing affordability crisis is leaving individuals and families on the sidelines of the Canadian dream of homeownership. To reverse this trend, governments must prioritize bold policy changes that will speed up the building of thousands of new homes. The release of the 2024 Ontario Budget provides critical support to the province’s effort to save…
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TRREB Statement on Toronto Housing Funding Announcement
With Toronto’s ambitious goal to build 285,000 new homes by 2031, it’s essential that the City partner with other levels of government to increase housing supply and build attainable homes that individuals can afford.
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TRREB Statement on New Deal Between Toronto and Ontario
The City of Toronto is the engine that drives Ontario’s economy. When Toronto does well, Ontario does well. However, Toronto has a housing supply crisis, and we desperately need to build more homes if we are going to protect the Canadian dream of home ownership in our City for future generations.
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TRREB Statement on Federal Fall Economic Statement
The Toronto Regional Real Estate Board (TRREB) applauds and welcomes today’s fall economic statement offering several important housing focused initiatives. We especially commend the federal government for listening to many industry stakeholders, including TRREB, in establishing a new Canadian Mortgage Charter. This Charter significantly includes the removal of the stress test requirements for insured mortgage…
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TRREB Welcomes Council Decision to Request a Report to Study First Time Home Buyer Land Transfer Tax Rebate
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…
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Toronto Gives Municipal Leaders Failing Grades on Housing
Torontonians are giving City Council failing grades on housing affordability, according to a new poll from Ipsos, one of Canada’s top research firms. The poll also shows housing and the cost of living as top issues for voters heading into the June mayoral by-election.