Government News
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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.
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TRREB Statement on Council’s Decision to Legalize Multiplexes
Toronto has a housing supply challenge and we desperately need to build more homes for families and singles 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 Ombudsman Report into the Landlord Tenant Board
Ontario is facing a housing affordability crisis and we need all government agencies focused on boosting housing supply and helping people find safe and affordable places to call home. Today’s Ombudsman’s report investigating the Landlord Tenant Board (“LTB”) confirms that the LTB needs major reform, additional resources, and improved processes to ensure it is meeting…
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TRREB: Housing Affordability Should Be a Priority of the 2023 City of Toronto Budget
The Toronto Regional Real Estate Board (TRREB) is calling on Toronto City Council to make housing affordability a priority of the City’s 2023 Operating Budget. The City’s Executive Committee and full City Council will be deliberating on the City’s budget in the coming weeks.
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TRREB Statement on Minister Clark’s Legislation to Create More Housing Supply
The Toronto Regional Real Estate Board (TRREB) welcomes the provincial government’s introduction of legislation to accelerate the creation of additional housing supply. This is one of the most pressing issues facing our municipalities and province, and it warrants unequivocable and decisive action. Major problems require major solutions.
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Greater Toronto REALTORS® Call on Municipal Election Candidates to Make Housing Affordability a Priority
With municipal elections being held on October 24, 2022, the Toronto Regional Real Estate Board (TRREB) has launched a campaign to ensure that candidates for municipal office understand the importance of making housing affordability a priority. In support of this campaign, TRREB has released the results of new public opinion polling conducted by Ipsos Public…
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TRREB To Host Fireside Chat With Toronto Mayor John Tory
Heading into a municipal election this fall, the Toronto Regional Real Estate Board (TRREB) will host an in-person fireside chat with Mayor John Tory on Tuesday, October 4, 2022, at Parkview Manor for TRREB Members, and the media is invited.