TRREB News
Media are invited to attend the Toronto Regional Real Estate Board’s (TRREB) highly-anticipated 2023 Market Outlook and 2022 Year in Review event in York Region. This market event goes in depth on key issues that matter most to REALTOR® Members and their clients.
The Toronto Regional Real Estate Board (TRREB) is leading the way with the unveiling of SkySlope Forms and SkySlope Offers, providing Members with free access to one of the most trusted transaction management solutions in North America. SkySlope provides industry-leading electronic forms, signatures and offer management solutions used by hundreds of thousands of real estate professionals across the continent and will instantly deliver greater efficiency in Members’ everyday business.
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
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.
The Toronto Regional Real Estate Board (TRREB) will release February 2023 market statistics on Friday, March 3 at 5:00 a.m. EST.
Media are invited to attend the Toronto Regional Real Estate Board’s (TRREB) highly-anticipated 2023 Market Outlook and Year in Review event in Peel Region. This market event goes in depth on key issues that matter most to REALTOR® Members and their clients.
Statement from The Toronto Regional Real Estate Board and Barrie & District Association of REALTORS®
The Boards of Directors of the Barrie & District Association of REALTORS® (BDAR) and Toronto Regional Real Estate Board (TRREB) are pleased to announce BDAR Members have voted to integrate with TRREB.
This integration will unite more than 1,500 BDAR Members within the existing TRREB membership, empowering Members and increasing their reach and advocacy strength. The amalgamated board will continue to be known as TRREB.
"We're thrilled with today's vote by our membership to integrate with TRREB," said Julia Price-Greig, BDAR CEO. "This move will allow us to give Members the best tools to do their job while maintaining a strong and important regional presence."
This integration provides Members unfettered access to an enhanced MLS® database, which means improved access to data, listings and clients. At the same time, BDAR's existing regional office and dedicated local employees will remain. All Members will benefit from access to leading, local support services, ongoing professional development opportunities, and high impact government advocacy and public policy offerings.
"Members will now be empowered with data, innovation and technology, strengthened advocacy, and leading educational opportunities," said Luc Woolsey, BDAR President. "I'm proud of the proposal we brought to our membership and the guaranteed regional representation it includes."
"This is good news for TRREB and for BDAR," said TRREB President Paul Baron. "We are excited to integrate the two boards and look forward to the results this collaboration will bring our combined membership."
Media are invited to attend the Toronto Regional Real Estate Board’s (TRREB) highly-anticipated 2023 Market Outlook and Year in Review event in Durham Region. This market event goes in depth on key issues that matter most to REALTOR® Members and their clients.
The second half of this year will see a gradual uptick in home sales and an increase in competition between buyers with a renewed upward pressure on home prices in the Greater Toronto Area (GTA).
Media are invited to attend the Toronto Regional Real Estate Board’s (TRREB) highly-anticipated 2023 Market Outlook and Year in Review event. This premiere market event of the year goes in depth on key issues that matter most to REALTOR® Members and their clients.
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
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 over the last year.
The Toronto Regional Real Estate Board (TRREB) will release January 2023 market statistics on Friday, February 3 at 5:00 a.m. EST.
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.
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.
The Toronto Regional Real Estate Board (TRREB) is calling on Toronto City Council to make housing affordability a priority of the City’s 2023 Operating Budget. The City’s Executive Committee and full City Council will be deliberating on the City’s budget in the coming weeks. With the new strong mayor powers, TRREB welcomes the Mayor’s dedicated focus on taking active and effective steps to deal with housing affordability across the City, and we are encouraged to see that the Mayor’s 2023 Housing Action Plan has been put forward and supported by Council.
