In line with the general market trends, condominium apartment sales and the average selling price were lower in the first quarter of 2023 compared to the same period in 2022. However, strong population growth, tight rental market conditions and improved first-time buying intentions will result in renewed growth in condo sales moving forward.
Strong population growth coupled with high borrowing costs continued to exert pressure on the Greater Toronto Area (GTA) condominium apartment rental market in the first quarter of 2023. While the market did benefit from an increase in listings, competition between renters remained intense, with average rents growing by double-digit or high single-digit annual rates.
The Boards of Directors at the Brampton Real Estate Board (BREB) and the Toronto Regional Real Estate Board (TRREB) are pleased to announce BREB’s recommendation to integrate with TRREB. This integration would result in all 2,500 BREB Members becoming primary Members of TRREB – empowered with more tools to serve their clients, grow their business…
Toronto Regional Real Estate Board (TRREB) Members are committed to investing in the next generation of decision-makers and innovators. On behalf of our Members, TRREB grants scholarships to high school students with an interest in real estate who are pursuing post-secondary education through the annual Past President’s Scholarship initiative.
Greater Toronto Area (GTA) housing market conditions tightened in March 2023. Sales accounted for an increased share of listings in comparison to March 2022, suggesting that competition between buyers is on the rise. The average sale price was above the average list price for the first time since May 2022.
Media are invited to attend the Toronto Regional Real Estate Board’s (TRREB) highly-anticipated 2023 Market Outlook and 2022 Year in Review event in York Region. This market event goes in depth on key issues that matter most to REALTOR® Members and their clients.
The Toronto Regional Real Estate Board (TRREB) is leading the way with the unveiling of SkySlope Forms and SkySlope Offers, providing Members with free access to one of the most trusted transaction management solutions in North America. SkySlope provides industry-leading electronic forms, signatures and offer management solutions used by hundreds of thousands of real estate…
February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially year-over-year. The result was that the average selling price and MLS® HPI continued to level off after trending lower through the spring and summer of last year.
The Toronto Regional Real Estate Board (TRREB) will release February 2023 market statistics on Friday, March 3 at 5:00 a.m. EST.
Media are invited to attend the Toronto Regional Real Estate Board’s (TRREB) highly-anticipated 2023 Market Outlook and Year in Review event in Peel Region. This market event goes in depth on key issues that matter most to REALTOR® Members and their clients.
The Boards of Directors of the Barrie & District Association of REALTORS® (BDAR) and Toronto Regional Real Estate Board (TRREB) are pleased to announce BDAR Members have voted to integrate with TRREB.
Media are invited to attend the Toronto Regional Real Estate Board’s (TRREB) highly-anticipated 2023 Market Outlook and Year in Review event in Durham Region. This market event goes in depth on key issues that matter most to REALTOR® Members and their clients.