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.
The second half of this year will see a gradual uptick in home sales and an increase in competition between buyers with a renewed upward pressure on home prices in the Greater Toronto Area (GTA).
Media are invited to attend the Toronto Regional Real Estate Board’s (TRREB) highly-anticipated 2023 Market Outlook and Year in Review event. This premiere market event of the year goes in depth on key issues that matter most to REALTOR® Members and their clients.
As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher borrowing costs on affordability…
The Toronto Regional Real Estate Board (TRREB) will release January 2023 market statistics on Friday, February 3 at 5:00 a.m. EST.
Selling prices for condominium apartments bucked the overall downward trend in the housing market during the fourth quarter of 2022. The average selling price in Q4 2022 stayed in line with the average in Q4 2021.
Average condominium apartment rents continued to increase by double-digit annual rates in the fourth quarter of 2022. However, while market conditions remained tight enough to support very strong rent growth, there was more balance in the rental marketplace compared to the same period a year earlier in 2021.
The Toronto Regional Real Estate Board (TRREB) is calling on Toronto City Council to make housing affordability a priority of the City’s 2023 Operating Budget. The City’s Executive Committee and full City Council will be deliberating on the City’s budget in the coming weeks.