News Releases
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TRREB: GTA Real Estate Market More Balanced in July
Greater Toronto Area (GTA) home sales, new listings and home prices were up in July 2023 in comparison to July 2022. On a seasonally adjusted basis, the market experienced more balance in July compared to June, with sales trending lower while new listings were up.
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TRREB: Condo Sales in the GTA Climb While New Listings and Prices Drop
Market conditions in the condominium apartment segment tightened markedly in the second quarter of 2023. Sales were up strongly on a year-over-year basis, whereas the number of new listings was down sharply. With more competition between buyers, average condominium apartment selling prices should climb above last year’s levels in the second half of this year.
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TRREB: Competition Continues between Renters as Rental Listings and Rents Rise
Average condominium apartment rents continued to well outpace the rate of inflation in the second quarter of 2023. Despite seeing an increase in the number of units listed for rent, competition between renters remained very strong. This competition underpinned higher average rents.
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Lack of Listings Led to Tighter GTA Market Conditions in June
Home sales and the average selling price in the Greater Toronto Area (GTA) in June 2023 remained above last year’s levels. Seasonally adjusted sales dipped on a month-over-month basis. The seasonally adjusted average selling price and the MLS® Home Price Index (HPI) Composite benchmark were up compared to the previous month.
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TRREB Donates $50K to Canadian Red Cross for the Alberta Fires Appeal
TRREB Members continue to offer a helping hand in times of crisis, especially here at home helping our fellow Canadians. On behalf of Members, TRREB is donating $50,000 to the Canadian Red Cross for the Alberta Fires Appeal, as part of CREA’s REALTORS® Care fundraising campaign. Thousands of Albertans are currently displaced from their homes…
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TRREB: Strengthening Demand and Lack of Housing Supply Pushes up Prices in the GTA
The Greater Toronto Area (GTA) housing market continued to improve from a sales perspective in May 2023. Unfortunately, the supply of homes for sale did not keep up with the demand for ownership housing. Sales as a share of new listings were up dramatically compared to a year ago. This is a clear signal that…
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Toronto Gives Municipal Leaders Failing Grades on Housing
Torontonians are giving City Council failing grades on housing affordability, according to a new poll from Ipsos, one of Canada’s top research firms. The poll also shows housing and the cost of living as top issues for voters heading into the June mayoral by-election.
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TRREB Statement on Council’s Decision to Legalize Multiplexes
Toronto has a housing supply challenge and we desperately need to build more homes for families and singles if we are going to protect the Canadian dream of home ownership in our city for future generations.
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Media Invite: Sports Legend Billie Jean King to Deliver Keynote at TRREB REALTOR® QUEST
Media are invited to attend a keynote address by sports icon and champion of equality and inclusion, Billie Jean King, at TRREB REALTOR® QUEST on May 17. This fascinating discussion will be led by broadcast journalist Gurdeep Ahluwalia.
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Statement Regarding DRAR, QDAR & NHAR Integration
The Quinte & District Association of REALTORS® (QDAR) and the Northumberland Hills Association of REALTORS® (NHAR) have voted to amalgamate with the Durham Region Association of REALTORS® (DRAR). The integration of these three boards creates a newly amalgamated regional board with a membership of more than 2,000 REALTORS®. The Toronto Regional Real Estate Board (TRREB) congratulates the Boards…
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Statement from the Toronto Regional Real Estate Board and the Brampton Real Estate Board
The Members of the Brampton Real Estate Board (BREB) have voted to integrate with the Toronto Regional Real Estate Board (TRREB). This successful vote to integrate is a critical step forward towards the future of organized real estate. This integration welcomes 2,500 BREB Members as primary TRREB Members – empowered with more tools to serve…
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TRREB: GTA Sales and Price Continue to Improve While Listings Remain Constrained
The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to sales meant there was more competition between buyers, supporting an improvement in selling prices since the beginning of…