News Releases
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TRREB To Host Fireside Chat With Toronto Mayor John Tory
Heading into a municipal election this fall, the Toronto Regional Real Estate Board (TRREB) will host an in-person fireside chat with Mayor John Tory on Tuesday, October 4, 2022, at Parkview Manor for TRREB Members, and the media is invited.
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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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Investing in Youth with TRREB’s past President’s Scholarship
With the fall semester underway, eight first-year students are pursuing ambitious university degrees and career paths with the help of the Toronto Regional Real Estate Board’s (TRREB) Past President’s Scholarship. New this year, TRREB and our Members are handing out even more scholarships to students with a future calling that can impact the real estate…
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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…
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Celebrate GTA Culture and Community This August
Show your passion for our neighbourhoods by taking part in the city’s Cultural Hotspot events. TRREB is sponsoring the annual arts and culture program to share the footprint of REALTOR® presence in the communities where you live and work.
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Condo Sales in the GTA Were down While New Listings Remained Steady
The Greater Toronto Area (GTA) condominium apartment market followed a similar trend to the housing market as a whole in Q2 2022. With 5,687 sales, the Q2 result represented a decline of 35.2 per cent compared to Q2 2021. Over the same period, new listings remained flat at 14,316. With sales accounting for a lower…
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Average Rent Reaches New High as Competition Heats up in the GTA
Condominium apartment rental market conditions have tightened dramatically over the past year. Average rents for one-bedroom and two-bedroom apartments are now both at record levels, surpassing the previous peak in Q3 2019.
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City Offers Zero-Interest Loans, Incentives to Accelerate Home Retrofits and Emissions Reductions
The City of Toronto has announced an enhanced Home Energy Loan Program (HELP) that will offer zero-interest loans and incentives to help homeowners in Toronto make their homes more energy-efficient and reduce the emissions contributing to climate change. The HELP program has been in existence since 2014, but it has now been enriched and expanded.
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Garden Suites Now Permitted in Toronto After Dismissal of Appeal
The City of Toronto Garden Suites By-law is now in full force after the Ontario Land Tribunal (OLT) dismissed an appeal. The Garden Suites By-law and Official Plan Amendment were adopted by Toronto City Council on February 2, but were appealed shortly after. On July 4, 2022, the OLT decided that it did not have…
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TRREB Forecasts Current Market Conditions to Remain over Summer
Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 – down by 41 per cent compared to last year’s strong result. The number of transactions was also down compared to May 2022, but this is often the case due to the seasonal nature of the market.