Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB's MLS® System in 2018. This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017. Total new listings entered into TREB's MLS® System were down by 12.7 per cent over the same period to 155,823.

The Toronto Real Estate Board (TREB) applauds Mayor Tory for making housing affordability one of his top and first priorities of the new term of Toronto City Council.

The Toronto Real Estate Board is concerned about the City of Toronto's continued reliance on the Municipal Land Transfer Tax (MLTT) revenue to balance its budget. TREB's concern is validated by the recent City Finance Department update, being reviewed by City Council on December 13, 2018, showing revenue from the LTT $100 million lower than expected. This will be an ongoing challenge and concern for the City's finances and steps should be taken now to reduce that dependency, notwithstanding that the current overall City budget is expected to see a year-end surplus

Toronto Real Estate Board President Garry Bhaura announced that TREB Commercial Network Members reported 1,782,401 square feet of total leased space across the industrial, commercial/retail and office market segments. This result represented a 23.9 per cent decline compared to November 2017.

Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.7 per cent year-over-year. The average selling price was up by 3.5 per cent year-over-year to $788,345.

The Toronto Real Estate Board (TREB) applauds the provincial government for taking action to ensure that our City, region and Province have an adequate supply and appropriate mix of housing. Municipal Affairs and Housing Minister Steve Clark made the announcement this morning with TREB's CEO in attendance.

Toronto Real Estate Board President Garry Bhaura announced that TREB Commercial Network Members reported 2,331,390 square feet of total leased space for all lease transaction types across the industrial, commercial/retail and office market segments. This result represented a 29.2 per cent increase compared to October 2017.

Toronto Real Estate Board President Garry Bhaura announced year-over-year increases in home sales and average sale prices reported through TREB's MLS® System in October 2018.

The Toronto Real Estate Board (TREB) applauds the provincial government for taking a strong stand in support of home buyers and sellers by declining municipal requests for the authority to levy additional revenue tools, including municipal land transfer taxes, the latest attempt was in York Region.

With municipal elections only days away, the Toronto Real Estate Board (TREB) has released recommendations on what newly elected councillors, mayors, and regional chairs across the Greater Toronto Area (GTA) can do to ensure housing affordability and choice for home buyers and renters.

Toronto Real Estate Board President Garry Bhaura announced that the average selling price for condominium apartments reported sold by Greater Toronto Area REALTORS® through TREB's MLS ® System in the third quarter of 2018 was up by 8.4 per cent year-over-year to $552,269. The MLS® Home Price Index (HPI) Apartment Benchmark Price was up by 10.1 per cent year-over-year to $506,300 in September 2018.

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® continued to report robust average annual rent increases for condominium apartments during the third quarter 2018 compared to Q3 2017. The overall number of lease transactions for condominium apartments was also up by 5.8 per cent year-over-year to 9,215 in Q3 2018.

Toronto Real Estate Board President Garry Bhaura announced commercial leasing and sales statistics reported through TREB's MLS® System during the third quarter of 2018.

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 6,455 sales through TREB's MLS® System in September 2018 – up 1.9 per cent compared to September 2017. The average selling price for September 2018 sales was up by 2.9 per cent over the same period to $796,786. The MLS® HPI composite benchmark price was up by two per cent year-over-year.

In the final set of Greater Toronto Area (GTA) Municipal Election Ipsos poll data released by the Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB), there is great concern among GTA millennials that they will be unable to afford a home in the GTA; however, there is some optimism from this group regarding their views on housing supply for new residents.

Amid new polling results showing continued strong public opposition to municipal land transfer taxes, the Toronto Real Estate Board (TREB) has released a policy paper calling for reform of the Toronto Land Transfer Tax and for no new municipal land transfer taxes in other Greater Toronto Area (GTA) municipalities. The paper, which is the first in a series of TREB municipal election policy briefs on issues related to housing supply in the GTA, as well as the poll results, were released to draw the attention of current municipal election candidates to this important issue.