News Releases
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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…
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TRREB: Q1 2023 Condo Sales Lower, but Set for a Resurgence
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.
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TRREB: Strong Condo Rent Growth Continued in Q1 2023
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.
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Proposed Brampton Real Estate Board Integration with Toronto Regional Real Estate Board
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…