News Releases
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Population Growth and High Interest Rates Drive Rental Demand in GTA
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.
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TRREB: Housing Affordability Should Be a Priority of the 2023 City of Toronto Budget
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.
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Blockchain in the Real Estate Marketplace
TRREB subsidiary PropTx, Teranet and AMP are partnering with VisionMAX and Blocksyte to transform the home buying and selling process across Canada.
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Statement From the Barrie & District Association of REALTORS® (BDAR) & The Toronto Regional Real Estate Board (TRREB)
The Boards of Directors of the Barrie & District Association of REALTORS® (BDAR) and the Toronto Regional Real Estate Board (TRREB) are pleased to announce BDAR’s recommendation to its Members that they integrate with TRREB.
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A Look Back at the 2022 GTA Housing Market
The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a lack of housing supply were exacerbated by sustained interest rate hikes by the Bank of Canada.
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TRREB to Release December and 2022 Annual Market Statistics and Related Commentary on Thursday, January 5
The Toronto Regional Real Estate Board (TRREB) will release December 2022 market statistics on Thursday, January 5 at 5:00 a.m. EST.
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Tragedy at Vaughan Condo
Our REALTOR® community is shocked and saddened by the tragic deaths of TRREB REALTOR® Member, Naveed Dada, Rita Camilleri and retired Member Vittorio Panza. Vittorio, Rita and Naveed were victims in the Vaughan condo mass shooting on December 18, 2022.
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Interest Rate Hikes Drive Down Home Sales and New Listings in November
Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same period last year, following the trend that unfolded since the commencement of interest rate hikes in the spring. New listings were also down substantially from last year, and at…
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TRREB to Release November Market Statistics and Related Commentary on Tuesday, December 6
The Toronto Regional Real Estate Board (TRREB) will release November 2022 market statistics on Tuesday, December 6 th at 5:00 a.m. EST.
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TRREB Statement: Value for Money Audit of RECO by the Auditor General of Ontario
TRREB was pleased to participate in the consultation by the Office of the Auditor General of Ontario (OAGO) in conducting a RECO value for money audit and is encouraged by the response from the Ministry and RECO to act on a number of recommendations in the audit report. Effective oversight of the real estate industry…
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TRREB: New GTA Listings Down While the Average Selling Price Levels off in October
Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 million since the late summer. GTA home sales continued to adjust to substantially higher interest rates in October 2022, both on an annual and monthly basis. However, new…
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TRREB To Release October Numbers on Thursday
The Toronto Regional Real Estate Board (TRREB) will release October 2022 market statistics on Thursday, November 3rd, at 5:00 a.m. EDT