News Releases
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TRREB Donates $100K on Behalf of Members to Help Ukraine Humanitarian Needs
Over the last five weeks, we have seen the horror unfold and the devastation caused by the ongoing conflict in Ukraine.
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TRREB CEO John DiMichele Recognized by His Peers Nationwide
Toronto Regional Real Estate Board (TRREB) CEO John DiMichele is known as a dedicated leader, visionary, mentor, change advocate and community volunteer. It comes as no surprise that he’s received one of the highest industry honours, the 2022 Association Executive Network’s (AEN) Award of Excellence, at the Canadian Real Estate Association’s (CREA) Annual General Meeting…
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Average GTA Home Price Hovers at $1.3m
There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price dipped slightly month-over-month, bucking the…
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TRREB Climate Change Statement
The Toronto Regional Real Estate Board (TRREB) recognizes and acknowledges the current and impending impacts of climate change on our clients, community, and built environment.
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Second Highest February Sales on Record
February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to…
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TRREB Statement on Provincial Housing Affordability Task Force Recommendations
The Toronto Regional Real Estate Board (TRREB) welcomes the recommendations from the Provincial Government’s Housing Affordability Task Force. Governments at all levels must take coordinated action to increase supply in the immediate term to begin addressing the supply challenges of today, and to work towards satisfying growing demand in the future.
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Supporting British Columbia Relief Efforts
Torrential rainfall across British Columbia forced mass evacuations and extensive damage, with thousands of residents displaced from their homes.
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TRREB Unveils Key Market Drivers For 2022 And January Numbers
The market outlook for 2022 is calling for strong home sales in the Greater Toronto Area (GTA) with the average selling price expected to hit a new record. The latest polling conducted for the Toronto Regional Real Estate Board (TRREB) by Ipsos shows detached homes are on the top of the list for buyers while…
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Rental Market Tightens In Q4 2021
Condominium apartment rental transactions dipped in Q4 2021 compared to the same period in the previous year. This drop was due to an even greater yearover-year decline in the number of units available to rent. Following tightening rental market conditions, year-over-year growth in average rents accelerated into the double digits, as rents moved closer to…
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Condo Sales Reached An All – Time High
A record fourth quarter capped off a record year for condominium apartment sales in 2021. While condo listings were high from a historic perspective, it was not a record year on the supply side of the market. In fact, condo buyers experienced some of the tightest market conditions in 20 years. Strong competition between buyers…
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Record GTA Home Sales and Average Price in 2021
A record 121,712 sales were reported through TRREB’s MLS® System in 2021 – up 7.7 per cent from the previous 2016 high of 113,040 and up 28 per cent compared to 2020. Record demand last year was up against a constrained supply of listings, with new listings up by 6.2 per cent – a lesser…
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TRREB Calls on City Council to Focus on Expanding Housing Supply instead of New Investor Tax
With Toronto City Council set to consider a motion by a councillor to ask the provincial government to impose another tax on the sale of non-principal resident homes, referred to as a “speculation tax,” the Toronto Regional Real Estate Board (TRREB) is warning about the potential unintended impacts of such a tax. This tax would…