The countdown is on to celebrate TRREB’s 100 Year Anniversary. In two weeks, we will mark our centennial milestone – a testament to our Members and the homeowners and businesses who trust them to turn their dreams into reality.
Home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row. Our Members made 10,563 sales as reported through the Toronto Regional Real Estate Board’s MLS® System in October 2020. This was up by 25.1 per cent compared to 8,445 transactions in October 2019.
Toronto Regional Real Estate Board President Lisa Patel announced that third quarter 2020 condominium apartment sales reported by Greater Toronto Area REALTORS® totalled 7,072 – up 10.5 per cent from Q3 2019. The number of new listings in Q3 2020 amounted to 17,613 – an 84.6 per cent increase over Q3 2019. Active listings at the end of Q3 were more than double that reported the same time last year.
Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 14,036 condominium apartment rentals through TRREB’s MLS® System during the third quarter 2020. This was an increase of 30.2 per cent over Q3 2019.
The Toronto Regional Real Estate Board (TRREB) supports the provincial announcement to again ban in-person real estate open houses in the Greater Toronto Area COVID-19 hot spots. TRREB wrote a letter to Government and Consumer Services Minister, Lisa Thompson, supporting a similar call by the Ontario Real Estate Association for a ban.
The Toronto Regional Real Estate Board (TRREB) is calling on its 56,000 REALTOR® Members to avoid in-person open houses during this second wave of the pandemic and to continue to take advantage of virtual tools.
Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by Greater Toronto Area REALTORS® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September 2019.
The Toronto Regional Real Estate Board (TRREB) is applauding the provincial government’s announcement that those who trade in real estate in Ontario can now structure their businesses as Personal Real Estate Corporations (PRECs). The government’s announcement comes with the approval of regulations under the Trust in Real Estate Services Act, 2020 (TRESA), which set out the necessary details and rules for implementing PRECs.