Market News
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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.
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Population Growth and High Interest Rates Drive Rental Demand in GTA
Average condominium apartment rents continued to increase by double-digit annual rates in the fourth quarter of 2022. However, while market conditions remained tight enough to support very strong rent growth, there was more balance in the rental marketplace compared to the same period a year earlier in 2021.
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December 2022 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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A Look Back at the 2022 GTA Housing Market
The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a lack of housing supply were exacerbated by sustained interest rate hikes by the Bank of Canada.
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TRREB to Release December and 2022 Annual Market Statistics and Related Commentary on Thursday, January 5
The Toronto Regional Real Estate Board (TRREB) will release December 2022 market statistics on Thursday, January 5 at 5:00 a.m. EST.