News Releases
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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…
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TRREB REALTOR® Members Supporting Shelter-Based Charities, Food Banks, and School Breakfast Program with $805,000 Donation
To combat housing and food insecurities, the Toronto Regional Real Estate Board (TRREB) is donating $805,000 through the Ontario REALTORS Care® Foundation (ORCF) on behalf of our REALTOR® Members. Since 2008, TRREB has participated in the ORCF’s Every REALTOR® Campaign where TRREB donates $1 per Member per month. Each dollar supports shelter-based charities, food banks, and a school breakfast program. TRREB, in partnership…
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GTA Housing Market Sees Boost in September Following Interest Rate Cut
September home sales increased in the Greater Toronto Area (GTA) compared to a year earlier, as more homebuyers sought to take advantage of more affordable monthly mortgage payments. Buyers continued to respond to substantial choice in the marketplace by negotiating the average selling price downward. “The Bank of Canada’s September interest rate cut was welcome…
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Joint OREA and TRREB Statement on RECO’s Notice for Application regarding iPro Realty
Today, the Real Estate Council of Ontario (RECO) took an important step towards addressing the iPro Realty Ltd. matter, which impacted 2,400 REALTORS® and their clients across the province. In a statement published on September 12, 2025, RECO advised that they have filed a Notice of Application with the Ontario Superior Court of Justice (Commercial List) to…
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August Uptick in GTA Home Sales and New Listings
August home sales reported by the Toronto Regional Real Estate Board (TRREB) were up on a year-over-year basis. Over the same period, homebuyers benefitted from an even larger increase in the inventory of listings. Average selling prices continued to be negotiated downward due to the elevated choice across market segments. “Compared to last year, we…
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Statement from TRREB, Cornerstone, OREB, OnePoint, and CLAR on Ford Government Review of RECO
TORONTO, ONTARIO, August 29, 2025 – Ontario’s five largest REALTOR® associations, representing more than 90 per cent of the nearly 100,000 REALTORS® in the province, support the Ford government’s decision to intervene in the review of the Real Estate Council of Ontario (RECO) following the iPro Realty Ltd. investigation. Our associations welcome a full review of…
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GTA Numbers Show Strongest July Home Sales in Four Years
The Greater Toronto Area (GTA) experienced the best home sales result for the month of July since 2021. Sales were also up relative to listings, suggesting a modest tightening in the market compared to last year. “Improved affordability, brought about by lower home prices and borrowing costs is starting to translate into increased home sales.…
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TRREB: More Interest Rate Cuts and a Trade Deal Would Further Improve Home Sales
Ownership housing affordability continued to improve in June 2025. Average selling prices and borrowing costs remained lower than last year’s levels. However, despite some month-over-month momentum, many would-be homebuyers remained on the sidelines due to economic uncertainty. “The GTA housing market continued to show signs of recovery in June. With more listings available, buyers are…
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2025 Scholarship Winners: Investing in Tomorrow
At TRREB, we believe in the power of education and the importance of supporting the next generation. Our Past President’s Scholarship awards reflect this commitment, providing talented secondary school students with the financial assistance they need as they pursue higher education. Since 2007, 81 students have received a total of $286,500 in TRREB scholarships to…
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GTA Homebuyers Benefited From More Listings in May
The Greater Toronto Area (GTA) housing market experienced an improvement in affordability in May 2025 relative to the same period a year earlier. With sales down and listings up, homebuyers took advantage of increased inventory and negotiating power. “Looking at the GTA as a whole, homebuyers have certainly benefited from greater choice and improved affordability…
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Statement from TRREB on the Appointment of GTA Representatives and New Minister of Housing in Prime Minister Carney’s Cabinet
The Toronto Regional Real Estate Board (TRREB) congratulates Prime Minister Mark Carney and his newly appointed Cabinet. We also congratulate Gregor Robertson on his appointment as Minister of Housing and Infrastructure, and we look forward to working with him to address the housing supply crisis, protect the Canadian dream of home ownership, and build the…