News Releases
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TRREB: September Home Sales Improve Over Last Year
Greater Toronto Area (GTA) home sales increased year-over-year in September. Buyers were starting to take advantage of more affordable market conditions brought about by interest rate cuts and lower home prices. “As buyers take advantage of changes to mortgage lending guidelines and borrowing costs trend lower, home sales will steadily increase in relation to population…
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TRREB Marks New Era With the Appointment of Kevin Crigger as Associate CEO of TRREB and President of PropTx Innovations Inc.
Crigger’s strategic vision will help drive TRREB and PropTx forward Canada’s largest real estate board with over 73,000 Members, announces the appointment of Kevin Crigger as its new Associate CEO. Crigger will also serve as President of PropTx Innovations Inc., TRREB’s subsidiary providing MLS® and technology services to real estate boards and associations with a…
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TRREB Applauds Federal Government Mortgage Reforms
The Toronto Regional Real Estate Board (TRREB) welcomes the changes to mortgage rules announced by Deputy Prime Minister and Minister of Finance Chrystia Freeland. TRREB strongly supports the extension of 30-year insured mortgage amortizations to all first-time homebuyers which was limited to first time purchasers of new builds, and increasing the price cap for insured…
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TRREB: GTA Housing Market Becoming More Affordable
Greater Toronto Area (GTA) home sales were down on a year-over-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing market remained well-supplied in August, average home prices only edged slightly lower compared to August 2023. “The Bank of Canada’s rate cut announced on September 4 will…
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TRREB Donates $35K to the Canadian Red Cross for the Alberta Wildfires Appeal
TRREB is donating $35,000 to the Canadian Red Cross for the Alberta Wildfires Appeal, as part of CREA’s REALTORS® Care fundraising campaign. Thousands of Albertans have been evacuated from their homes and many surrounding communities are affected by poor air quality and widespread fires. These donations are used to assist those impacted in Jasper and…
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TRREB Statement on Death of Markham REALTOR® Anita Mui
The Toronto Regional Real Estate Board (TRREB) is deeply saddened by the tragic news surrounding the homicide of Yuk-Ying (Anita) Mui, a Member of our REALTOR® community. Our thoughts and heartfelt condolences go out to her family, friends, and colleagues during this incredibly difficult time. We understand that the York Regional Police and the Ontario…
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TRREB Applauds Provincial Planning Statement for Advancing Housing Supply and Affordability
TORONTO, ONTARIO, August 21, 2024 – The Toronto Regional Real Estate Board (TRREB) welcomes the newly released 2024 Ontario Provincial Planning Statement (PPS) as another step forward in addressing the pressing need for increased housing supply and improved affordability across the province. TRREB strongly supports the enhanced focus on transit-oriented development and higher-density housing around major…
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TRREB: Seven Students Join Growing List of Scholarship Winners
The Toronto Regional Real Estate Board (TRREB) and its Member REALTOR® are supporting high school students pursuing post-secondary education with the TRREB Past President’s Scholarship. Since the 2007 inception of the program in, 73 deserving students have now received a total of $264,500 to put towards realizing their dreams. Each student must write a compelling…
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TRREB: Buyer Activity Increases Slightly in July
Greater Toronto Area (GTA) home sales in July 2024 were up compared to July 2023. While sales were up from last year, buyers continued to benefit from more choice in the GTA marketplace, with annual growth in new listings outstripping that of sales. The better-supplied market meant that buyers also benefitted from a slight relief…
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TRREB: Condo Sales Drop with New Listings Up in Q2 2024
As borrowing costs remained high in Q2 2024, condominium apartment sales were down noticeably in comparison to Q2 2023. Over the same period, condo apartment listings were up substantially. The average condo apartment selling price was down slightly year-over-year. Condo apartment sales amounted to 5,474 in Q2 2024 – down 19.8 per cent compared to…
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TRREB: Condo Rental Listings Up Substantially in Q2 2024
Condominium apartment rentals were up substantially in Q2 2024 compared to Q2 2023. However, over the same period, condo rental listings were up by an even greater annual rate. This meant that while demand for rental accommodation remained very strong, renters benefitted from more choice and negotiated lower average rents compared to a year ago.…
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TRREB: June Home Buyers Eyeing Further Interest Rate Relief
June 2024 home sales in the Greater Toronto Area (GTA) were lower compared to the same month last year, according to the Toronto Regional Real Estate Board (TRREB). Despite the Bank of Canada rate cut at the beginning of last month, many buyers kept their home purchase decisions on hold. The market remained well-supplied, resulting…