market report
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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.
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Interest Rate Hikes Drive Down Home Sales and New Listings in November
Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same period last year, following the trend that unfolded since the commencement of interest rate hikes in the spring. New listings were also down substantially from last year, and at…
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TRREB to Release November Market Statistics and Related Commentary on Tuesday, December 6
The Toronto Regional Real Estate Board (TRREB) will release November 2022 market statistics on Tuesday, December 6 th at 5:00 a.m. EST.
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TRREB: New GTA Listings Down While the Average Selling Price Levels off in October
Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 million since the late summer. GTA home sales continued to adjust to substantially higher interest rates in October 2022, both on an annual and monthly basis. However, new…
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TRREB To Release October Numbers on Thursday
The Toronto Regional Real Estate Board (TRREB) will release October 2022 market statistics on Thursday, November 3rd, at 5:00 a.m. EDT
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GTA Condo Sales and Listings Down
Following the ownership market as a whole, Q3 2022 condominium apartment sales were off by approximately 46 per cent compared to Q3 2021. Despite there being substantially more balance in the market in the third quarter relative to a year earlier, the average selling price was up year-over-year, albeit by less than the current pace…
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Strong Rental Demand and Lack of Supply Driving up Rents
Double-digit year-over-year rent increases continued to be the norm in Q3 2022. With many would-be first-time buyers temporarily on the sidelines in the Greater Toronto Area (GTA) due to higher borrowing costs, rental demand has remained strong in the face of falling supply. Competition for condo rentals has intensified as a result, and negotiated rents…
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Supply Remains an Issue Despite Impact of Higher Mortgage Rates
The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44.1 per cent compared to September 2021. New listings were also down on a year-over-year basis by 16.7 per cent to 11,237.
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TRREB to Release September Numbers and New Ipsos Polling Results Related to Housing Supply and Municipal Policies on Wednesday
The Toronto Regional Real Estate Board (TRREB) will release September 2022 market statistics on Wednesday, October 5 at 5:00 a.m. EDT. TRREB’s news release will highlight market trends.
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Borrowing Costs and Housing Supply Impacting the GTA Real Estate Market
There were 5,627 home sales reported through the Toronto Regional Real Estate Board’s (TRREB) MLS® System in August 2022, representing a yearover-year dip of 34.2 per cent – a lesser annual rate of decline compared to the previous four months. The August sales result also represented a month-over-month increase compared to July.
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TRREB To Release August Numbers On Friday
The Toronto Regional Real Estate Board (TRREB) will release the August 2022 market statistics on Friday, September 2, at 5:00 a.m. EDT. This is one business day earlier than normal, in order to make the data and analysis available prior to the Labour Day long weekend.
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GTA Home Sales and Listings Trend Downwards in July
There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 – down by 47 per cent compared to July 2021. Following the regular seasonal trend, sales were also down compared to June. New listings also declined on a year-over-year basis in July, albeit down by a…