News Releases
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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…
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TRREB Statement: Protect Ontario by Building Faster and Smarter Act, 2025
In the face of historic economic disruption and increasing global uncertainty, housing must be a top priority in Ontario’s strategy to remain competitive and resilient, particularly in light of growing pressures such as U.S. tariffs. The Protect Ontario by Building Faster and Smarter Act, 2025, represents a bold and necessary step forward in accelerating home…
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Preconditions for Housing Rebound in Place Once Economic Confidence is Restored
April home sales followed the regular seasonal trend with an increase relative to March. However, total residential transactions in the Greater Toronto Area (GTA) were down compared to the same time last year, as potential buyers continue to wait for lower borrowing costs and for certainty about the trajectory of the economy. “Following the recent…
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TRREB Statement on the 2025 Federal Election
On behalf of our approximately 70,000 REALTOR® Members, the Toronto Regional Real Estate Board (TRREB) congratulates Prime Minister Mark Carney and the Liberal Party of Canada on their victory in the 2025 federal election. Prime Minister Carney’s leadership comes at a pivotal time for Canada, as the country faces significant challenges, including the U.S. trade…
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GTA March Market: More Affordable and More Choice
Homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025 compared to the previous year. On average, both borrowing costs and home prices have declined over the past year, making monthly payments more manageable for households looking to buy a home. “Homeownership has become more affordable over the past 12 months, and…
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GTA Listing Inventory Remained High, Providing Substantial Choice and Negotiating Power for Homebuyers
Homebuyers continued to benefit from substantial choice in the Greater Toronto Area (GTA) resale market in February 2025. Home sales last month were down compared to the same period last year, while listing inventory remained high, providing substantial negotiating power for homebuyers. “Many households in the GTA are eager to purchase a home, but current…
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TRREB Launches Fair Taxes on Ontario Homes Campaign to Tackle Rising Housing Costs
Newly Released Ipsos Polling Shows 72% of Young Ontarians Plan to Leave GTA Due to Affordability In response to the ongoing housing affordability crisis, the Toronto Regional Real Estate Board (TRREB) is launching a bold new campaign— Fair Taxes on Ontario Homes —to demand lower taxes and help bring homeownership back within reach for Ontarians. The campaign…
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TRREB Media Advisory: Market Outlook and Year in Review Event in Simcoe County
Media are invited to attend the Toronto Regional Real Estate Board’s (TRREB) highly anticipated 2025 Market Outlook and Year in Review event in Simcoe County on Wednesday, February 12, 2025, at 10:00 a.m. Listen as industry experts share their insights on TRREB’s housing outlook, including average prices and sales trends. Plus, discover the latest polling…
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GTA Home Sales and Average Price Expected to Increase Moderately in 2025
TRREB Unveils Highly Anticipated Market Outlook and Year in Review Report The Toronto Regional Real Estate Board’s (TRREB) Market Outlook and Year in Review report reveals that a well-supplied housing market will keep average annual home price growth at the rate inflation, with the average selling price increasing moderately in the Greater Toronto Area (GTA)…