Residential Market News
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TRREB: GTA Housing Market Becoming More Affordable
Greater Toronto Area (GTA) home sales were down on a year-over-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing market remained well-supplied in August, average home prices only edged slightly lower compared to August 2023. “The Bank of Canada’s rate cut announced on September 4 will…
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TRREB Urges Expansion of HST/GST Relief to Include Non-Profit Affordable Ownership Housing
TRREB, CREA and OREA are advocating for crucial changes to HST/GST relief. We’re calling on the federal and provincial governments to extend HST/GST relief to non-profit affordable ownership housing. This step aligns with Habitat for Humanity’s strong advocacy on this issue. Read the letter
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July 2024 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: Buyer Activity Increases Slightly in July
Greater Toronto Area (GTA) home sales in July 2024 were up compared to July 2023. While sales were up from last year, buyers continued to benefit from more choice in the GTA marketplace, with annual growth in new listings outstripping that of sales. The better-supplied market meant that buyers also benefitted from a slight relief…
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TRREB: Condo Sales Drop with New Listings Up in Q2 2024
As borrowing costs remained high in Q2 2024, condominium apartment sales were down noticeably in comparison to Q2 2023. Over the same period, condo apartment listings were up substantially. The average condo apartment selling price was down slightly year-over-year. Condo apartment sales amounted to 5,474 in Q2 2024 – down 19.8 per cent compared to…
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TRREB: Condo Rental Listings Up Substantially in Q2 2024
Condominium apartment rentals were up substantially in Q2 2024 compared to Q2 2023. However, over the same period, condo rental listings were up by an even greater annual rate. This meant that while demand for rental accommodation remained very strong, renters benefitted from more choice and negotiated lower average rents compared to a year ago.…
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June 2024 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: June Home Buyers Eyeing Further Interest Rate Relief
June 2024 home sales in the Greater Toronto Area (GTA) were lower compared to the same month last year, according to the Toronto Regional Real Estate Board (TRREB). Despite the Bank of Canada rate cut at the beginning of last month, many buyers kept their home purchase decisions on hold. The market remained well-supplied, resulting…
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May 2024 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: Home Buyers Experience Less Competition in May
May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity. Home buyers are still waiting for relief on the mortgage rate front. Existing homeowners are anticipating an uptick in demand, as evidenced by a year-over-year increase in new listings. With more choice compared to a year ago,…
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April 2024 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: More Choice for Home Buyers in April
April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price compared to last year. Greater Toronto Area (GTA) REALTORS® reported 7,114 sales…