Market News
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TRREB: Q1 2023 Condo Sales Lower, but Set for a Resurgence
In line with the general market trends, condominium apartment sales and the average selling price were lower in the first quarter of 2023 compared to the same period in 2022. However, strong population growth, tight rental market conditions and improved first-time buying intentions will result in renewed growth in condo sales moving forward.
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TRREB: Strong Condo Rent Growth Continued in Q1 2023
Strong population growth coupled with high borrowing costs continued to exert pressure on the Greater Toronto Area (GTA) condominium apartment rental market in the first quarter of 2023. While the market did benefit from an increase in listings, competition between renters remained intense, with average rents growing by double-digit or high single-digit annual rates.
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March 2023 Housing Market Charts Available
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
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TRREB: Tight Market Conditions Push up Competition in the GTA
Greater Toronto Area (GTA) housing market conditions tightened in March 2023. Sales accounted for an increased share of listings in comparison to March 2022, suggesting that competition between buyers is on the rise. The average sale price was above the average list price for the first time since May 2022.
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February 2023 Housing Market Charts Available
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
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GTA Home Sales and Listings Drop in February
February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially year-over-year. The result was that the average selling price and MLS® HPI continued to level off after trending lower through the spring and summer of last year.
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TRREB to Release February 2023 Market Statistics and Related Commentary on Friday, March 3
The Toronto Regional Real Estate Board (TRREB) will release February 2023 market statistics on Friday, March 3 at 5:00 a.m. EST.
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A Look Ahead at GTA Housing, Infrastructure and Sustainability
Immigration is the driver for overall housing demand in the Greater Toronto Area (GTA). But, will current transit and transportation infrastructure projects be enough to accommodate population growth over the long term? TRREB’s widely read 2023 Market Outlook & 2022 Year in Review report and interactive digital digest uncovers what’s next for the real estate market. Policymakers need to take…
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January 2023 Housing Market Charts Available
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
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GTA Real Estate Market Starts the New Year the Same as It Ended Last Year
As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher borrowing costs on affordability…
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TRREB to Release January Market Statistics and Related Commentary on Friday, February 3
The Toronto Regional Real Estate Board (TRREB) will release January 2023 market statistics on Friday, February 3 at 5:00 a.m. EST.
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TRREB: GTA Condo Sales down While Prices Remain Flat
Selling prices for condominium apartments bucked the overall downward trend in the housing market during the fourth quarter of 2022. The average selling price in Q4 2022 stayed in line with the average in Q4 2021.