Government News
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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…