News Releases
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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…
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TRREB: Home Buyers Experience Less Competition in May
May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity. Home buyers are still waiting for relief on the mortgage rate front. Existing homeowners are anticipating an uptick in demand, as evidenced by a year-over-year increase in new listings. With more choice compared to a year ago,…
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TRREB Applauds the Homeowner Protection Act, 2024
The Toronto Regional Real Estate Board (TRREB) applauds the Government of Ontario’s introduction of the Homeowner Protection Act, 2024, aimed at enhancing consumer protections and preventing fraudulent activities in Ontario’s real estate market. TRREB commends the government’s proposal to also apply a 10-day cooling-off period to purchasers of new freehold homes, a protection already in place…
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TRREB Statement on Toronto City Council’s Approval of Townhomes and Small Six-Storey Residential Units Along Major Roads
The Toronto Regional Real Estate Board (TRREB) continues to champion the Expanding Housing Options in Neighbourhoods (EHON) initiative aimed at building more low-rise housing in residential neighbourhoods to meet the needs of our growing city. Last night’s decision by Toronto City Council to allow townhomes and small six-storey residential units with a maximum of 60…
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TRREB: More Choice for Home Buyers in April
April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price compared to last year. Greater Toronto Area (GTA) REALTORS® reported 7,114 sales…
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TRREB: Condo Prices Remain Flat in Q1 2024
The Greater Toronto Area (GTA) condominium apartment sales increased moderately in the first quarter of 2024 relative to the first three months of 2023. However, over the same period the number of condo apartment listings increased by a greater annual rate. With buyers benefitting from more choice, the average condo selling price edged lower. Total…