News Releases
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GTA Home Sales and Prices Expected to Remain Stable in 2026 Amid Ongoing Affordability Pressures
TRREB Releases Highly-Anticipated 2026 Market Outlook and Year in Review Report The Toronto Regional Real Estate Board’s (TRREB) 2026 Market Outlook and Year in Review report highlights a housing market shaped by improved buyer choice and affordability, alongside cautious consumer sentiment across the Greater Toronto Area (GTA). The report finds that elevated supply levels are expected to…
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New Ipsos Polling Highlights Growing Housing Affordability Pressures Across GTA Communities
The Toronto Regional Real Estate Board (TRREB) is issuing five local housing affordability updates based on new Ipsos polling of Greater Toronto Area (GTA) and Simcoe residents. The findings point to rising concern about housing costs, strong public support for measures to lower government-driven housing costs, and growing urgency to accelerate the delivery of attainable…
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TRREB Survey Results To Help Share Future Direction
The Toronto Regional Real Estate Board (TRREB) has released findings from the most comprehensive survey ever conducted of its membership. The poll, a key element of the Your Voice, Our Future campaign, provides valuable insights into the opinions of Members, outlining where they are satisfied with TRREB services, where they want to see improvements, and their priorities…
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TRREB Commends RECO Administrator and Province on Honouring all Payments Related to iPro Realty Matter
The Toronto Regional Real Estate Board (TRREB) commends the Real Estate Council of Ontario (RECO) Administrator and Acting CEO, Jean Lepine, and the Government of Ontario for fully delivering on their commitment to pay 100 per cent of the eligible commissions owed related to the iPro Realty matter. The announcement follows RECO’s recent payment of…
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TRREB Statement on Electricity Transmission Line to Toronto
The Toronto Regional Real Estate Board (TRREB) welcomes Minister Lecce’s announcement of the province’s approval of a new underwater electricity transmission line into Toronto, a critical investment that will support housing supply, economic growth, and long-term affordability for residents. By delivering up to 900 MW of additional capacity or power for 900,000 new homes, this…
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2025 Ends with More Affordable Market and Paves the Way for Year of Recovery
Annual Greater Toronto Area (GTA) home sales declined in 2025 compared to 2024, as economic uncertainty weighed on consumer confidence. Over the same period, listing inventory remained elevated, allowing for selling prices to be negotiated downward, helping improve affordability. “The GTA housing market became more affordable in 2025 as selling prices and mortgage rates trended…
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Statement from TRREB on Toronto City Council’s Approval of an Increase to the Land Transfer Tax
Toronto residents want an affordable city. They want a city where families and individuals can put down roots, seniors can downsize with dignity, and young people can realistically aspire to homeownership. City Council’s decision to approve another increase to Toronto’s Municipal Land Transfer Tax (MLTT) moves the City further away from those goals. The Toronto…
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Renewed Consumer Confidence Key to Housing Market Recovery
Greater Toronto Area (GTA) home sales, new listings, and average selling price were down compared to a year earlier in November 2024. Intending homebuyers remained on the sidelines awaiting more positive economic news. “There are many GTA households who want to take advantage of lower borrowing costs and more favourable selling prices. What they need…
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TRREB Statement on Passage of Bill 60, Fighting Delays, Building Faster Act
Housing affordability is one of the defining challenges facing communities across the Greater Toronto Area. Families and individuals are priced out of neighbourhoods they have lived in for decades; young people are losing confidence that they will ever own a home, and rental housing is out of reach for far too many. Today’s passage of…
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OREA & TRREB Statement: Province’s Intention to Appoint RECO Administrator
“The Ontario Real Estate Association (OREA) and Toronto Regional Real Estate Board (TRREB), representing nearly 100,000 REALTORS®️, fully support Minister Stephen Crawford’s latest letter to the Real Estate Council of Ontario (RECO) and his decisive action on accountability. We endorse the intention to appoint an administrator to ensure RECO gets back to the basics of fulfilling its…
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GTA Housing Market: More Choice, Greater Affordability for Buyers
Home sales in the Greater Toronto Area (GTA) were down year-overyear in October, while new listings were up. Market conditions continued to favour homebuyers, as average selling prices were negotiated down alongside lower mortgage rates. “Buyers who are confident in their employment situation and ability to make their mortgage payments over the long term are…
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TRREB Applauds Ontario’s New HST Rebate for First-Time Homebuyers
The Toronto Regional Real Estate Board (TRREB) applauds the Ontario government’s leadership in announcing a new rebate to provide much-needed relief to first-time homebuyers. By removing the full 8 per cent provincial portion of the HST on new homes valued up to $1 million, the province is taking critical steps to protect the dream of homeownership in…