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Latest Toronto Real Estate News

TREB web feed contains frequently updated information, such as news headlines, articles or blog posts.

December Housing Market Charts Available

December Housing Market Charts Available

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TREB Releases Monthly Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB's MLS® System in 2018.

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TREB Applauds Proposed City Of Toronto Housing Now Initiative

The Toronto Real Estate Board (TREB) applauds Mayor Tory for making housing affordability one of his top and first priorities of the new term of Toronto City Council.

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TREB Concerned About City Of Toronto Land Transfer Tax Reliance

The Toronto Real Estate Board is concerned about the City of Toronto's continued reliance on the Municipal Land Transfer Tax (MLTT) revenue to balance its budget.

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TREB Releases Commercial Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced that TREB Commercial Network Members reported 1,782,401 square feet of total leased space across the industrial, commercial/retail and office market segments.

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November Housing Market Charts Available

November Housing Market Charts Available

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GTA REALTORS® Release Monthly Resale Market Watch Report

Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017.

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TREB Responds To Provincial Housing Supply Plan Announcement

The Toronto Real Estate Board (TREB) applauds the provincial government for taking action to ensure that our City, region and Province have an adequate supply and appropriate mix of housing.

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TREB Releases Commercial Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced that TREB Commercial Network Members reported 2,331,390 square feet of total leased space for all lease transaction types across the industrial, commercial/retail and office market segments.

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October Housing Market Charts Available

October Housing Market Charts Available

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GTA REALTORS® Release Monthly Resale Market Watch Report

Toronto Real Estate Board President Garry Bhaura announced year-over-year increases in home sales and average sale prices reported through TREB's MLS® System in October 2018.

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Toronto Real Estate Board Releases Recommendations on Housing Affordability and Supply and the Views of Over 200 GTA Municipal Election Councillors and Mayoral Candidates on Key Housing Issues

With municipal elections only days away, the Toronto Real Estate Board (TREB) has released recommendations on what newly elected councillors, mayors, and regional chairs across the Greater Toronto Area (GTA) can do to ensure housing affordability and choice for home buyers and renters

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TREB Releases Condo Market Figures AS Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced that the average selling price for condominium apartments reported sold by Greater Toronto Area REALTORS® through TREB's MLS ® System in the third quarter of 2018 was up by 8.4 per cent year-over-year to $552,269.

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TREB Releases Rental Market Figures AS Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® continued to report robust average annual rent increases for condominium apartments during the third quarter 2018 compared to Q3 2017.

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TREB Releases Commercial Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced commercial leasing and sales statistics reported through TREB's MLS® System during the third quarter of 2018.

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September Housing Market Charts Available

September Housing Market Charts Available

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GTA REALTORS® Release Monthly Resale Market Watch Report

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 6,455 sales through TREB's MLS® System in September 2018 – up 1.9 per cent compared to September 2017.

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Real Estate and Building Industry Poll Reveals Concern that GTA Millennials will be Unable to Afford a Home or Stay in their Communities, but also Finds Some Optimism

In the final set of Greater Toronto Area (GTA) Municipal Election Ipsos poll data released by the Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB), there is great concern among GTA millennials that they will be unable to afford a home in the GTA; however, there is some optimism from this group regarding their views on housing supply for new residents.

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Ipsos Poll Finds Continued Strong Opposition to GTA Municipal Land Transfer Taxes, as REALTORS® Release Policy Paper Noting Impact of Land Transfer Taxes on Housing Supply

Amid new polling results showing continued strong public opposition to municipal land transfer taxes, the Toronto Real Estate Board (TREB) has released a policy paper calling for reform of the Toronto Land Transfer Tax and for no new municipal land transfer taxes in other Greater Toronto Area (GTA) municipalities.

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The Majority of GTA Residents Agree that More Construction of New Homes will Help Housing Affordability, just not in their Backyards, a Home Building Industry and REALTORS® Joint Ipsos Poll Finds

The Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB) have come together to shed light on voters' priorities and issues for the upcoming municipal elections. Together, BILD and TREB represent all facets of the real estate industry. This is the second joint release of municipal election related poll results by the organizations.

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Cost of Housing and Lack of Infrastructure are as Important as Crime as the Top Three Municipal Election Issues in the GTA a Home Building Industry and REALTORS® Joint IPSOS Poll Finds

The Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB) have come together to shed light on voters' priorities in the upcoming municipal elections. Together, BILD and TREB represent all facets of the real estate industry.

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August Housing Market Charts Available

August Housing Market Charts Available

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TREB Releases Monthly Resale Housing Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB's MLS® System in August 2018 – an 8.5 per cent increase compared to August 2017.

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TREB Releases Commercial Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced that TREB Commercial Network Members reported over 275,000 square feet of leased space, in transactions undertaken on a per square foot net basis with pricing disclosed, across the industrial, commercial/retail and office market segments.

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TREB Releases Monthly Resale Housing Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced strong growth in the number of home sales and the average selling price reported by Greater Toronto Area REALTORS® in July 2018.

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TREB Releases Commercial Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced commercial leasing and sales figures reported through TREB's MLS® System during July 2018.

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July Housing Market Charts Available

July Housing Market Charts Available

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TREB Releases Condo Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced that the average selling price for condominium apartments sold through TREB's MLS® System in the second quarter of 2018 was up by 5.4 per cent year-over-year to $561,338.

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TREB Releases Rental Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® continued to report strong average rent increases for GTA condominium apartments rented through TREB's MLS® System in the second quarter of 2018 relative to Q2 2017.

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TREB Releases Commercial Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura announced commercial leasing and sales statistics reported through TREB's MLS® System during the second quarter of 2018.

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June Housing Market Charts Available

June Housing Market Charts Available

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TREB Releases Monthly Market Figures Reported By GTA REALTORS®

Toronto Real Estate Board President Garry Bhaura, in his first market release as TREB President, is pleased to announce some positive signs with respect to the housing market.

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TREB Supports Action On Housing And Establishment Of City Housing Committee

The Toronto Real Estate Board (TREB) applauds two recent housing decisions taken by two separate city committees which, if passed by City Council at their June 26 meeting, could have a positive impact on the housing market for all Torontonians: the creation of an all-encompassing Housing Committee, and a separate decision paving the way for permitting, regulating and setting guidelines for laneway suites.

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MayHousing Market Charts Available

May Housing Market Charts Available

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TREB Releases Commercial Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Members reported 210,579 square feet of combined industrial, commercial/retail and office space leased through the TREB MLS® System, on a per square foot net basis with pricing disclosed, in May 2018.

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TREB Releases Monthly Market Figures Reported By GTA REALTORS® & New Housing Issues Polling Results

Greater Toronto Area REALTORS® reported 7,834 sales through TREB's MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017.

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YORK REGION POLITICIANS WANT A NEW MUNICIPAL LAND TRANSFER TAX GRAB ON HOMEOWNERSHIP

<![CDATA[<p style="color: rgb(40, 40, 40); font-family: Verdana, sans-serif; font-size: 14px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span style="font-size: 12pt; font-family: Calibri;">York Region councillors are demanding new tax powers from the province, and they have their eyes set on the municipal land transfer tax (MLTT). If implemented, the tax would add over $15,000 to an average priced York Region home, impacting housing affordability for all home buyers and making the Canadian dream of home ownership less achievable for thousands of young buyers. This could set a dangerous precedent for housing affordability across the wider Greater Toronto Area and the rest of the province. <o:p></o:p></span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span style="font-size: 12pt; font-family: Calibri; font-weight: normal;">The Ontario Real Estate Association (OREA) and the Toronto Real Estate Board (TREB) are urging MPP candidates in York Region to say ‘no’ to another tax on home buyers, noting the effects of such a tax will be as detrimental as they have been on Toronto. This tax does nothing to address the real issue facing the GTA housing market: the need for more supply. This sort of tax is also an unreliable revenue source.<o:p></o:p></span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span style="font-size: 12pt; font-family: Calibri; font-weight: normal;"> </span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span style="font-size: 12pt; font-family: Calibri; font-weight: normal;">“It’s no secret that municipalities across Ontario have been asking the provincial government for new taxing powers,” said Tim Syrianos, President of TREB. “York Region home buyers are already charged a provincial land transfer tax, so by adding a municipal tax, the Region will double the tax burden on local families. If local councillors get their way, home buyers will be forced to pay $15,000 more in land transfer taxes on the average priced home in York Region.”<o:p></o:p></span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span style="font-size: 12pt; font-family: Calibri; font-weight: normal;"> </span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span style="font-size: 12pt; font-family: Calibri; font-weight: normal;">When the City of Toronto first implemented the MLTT in 2008, home buyers were hit with a big tax increase. Moving from one home to another suddenly became costlier for potential home sellers, by adding thousands of dollars to every transaction. This has caused many home owners to stay put, further limiting supply of the critical missing middle (</span><span style="font-size: 12pt; font-family: Calibri; font-weight: normal; background-position: initial initial; background-repeat: initial initial;">that fills the gap between single family homes and high rises</span><span style="font-size: 12pt; font-family: Calibri; font-weight: normal;">) </span><span style="font-size: 12pt; font-family: Calibri; font-weight: normal;">housing types in the marketplace.</span><span style="font-size: 12pt; font-family: Calibri; font-weight: normal;"><o:p></o:p></span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span style="font-size: 12pt; font-family: Calibri; font-weight: normal;"> </span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span style="font-size: 12pt; font-family: Calibri; font-weight: normal;">“</span><span lang="EN-US" style="font-size: 12pt; font-family: Calibri; font-weight: normal;">We’ve been down this road before, with municipalities asking for new taxing powers and the provincial government considering their requests,” said David Reid, President of OREA. “Each time, </span><span lang="EN-US" style="font-size: 12pt; font-family: Calibri; font-weight: normal;">Realtors have stood up for young families and opposed a tax. Home buyers need relief, not new taxes. We hope voters in York Region will consider where their local candidates stand on this issue before casting their ballot on June 7<sup>th</sup>.”</span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"> </p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span lang="EN-US" style="font-size: 12pt; font-family: Calibri; font-weight: normal;">In 2015, Ontario Realtors, home buyers and sellers sent 34,000 letters to provincial policy makers, demanding a stop to the spread of the MLTT outside of Toronto. With the election exactly one week away, Ontario Realtors are urging all provincial and York Region provincial candidates to show their support for Ontario home owners, buyers and sellers by opposing the spread of the MLTT beyond Toronto. They are also asking all Ontarians to email their local candidates urging them to oppose the tax.<o:p></o:p></span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span lang="EN-US" style="font-size: 12pt; font-family: Calibri; font-weight: normal;"> </span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span lang="EN-US" style="font-size: 12pt; font-family: Calibri;">Spokesperson Availability:</span><span lang="EN-US" style="font-size: 12pt; font-family: Calibri; font-weight: normal;"><o:p></o:p></span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span lang="EN-US" style="font-size: 12pt; font-family: Calibri;"> </span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span lang="EN-US" style="font-size: 12pt; font-family: Calibri;">Media are invited to attend a provincial election debate at the Toronto Congress Centre from 2:30 to 3:15 p.m. on May 31, 2018, hosted by the Toronto Real Estate Board (TREB) and the Ontario Real Estate Association (OREA). The discussion will focus on key real estate, housing and other major election issues that have a significant impact on the Greater Toronto Area.</span><span lang="EN-US" style="font-size: 12pt; font-family: Calibri; font-weight: normal;"><o:p></o:p></span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span lang="EN-US" style="font-size: 12pt; font-family: Calibri; font-weight: normal;"> </span></p><p class="MsoNormal1" align="left" style="margin: 0cm 0cm 0.0001pt; font-size: 8pt; font-family: Arial; font-weight: bold; color: rgb(40, 40, 40); font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span lang="EN-US" style="font-size: 12pt; font-family: Calibri;">Following the debate, a news conference will be held jointly by TREB and OREA regarding provincial changes to grant municipalities, including those in the GTA, new taxing powers, such as the imposition of a Municipal Land Transfer Tax in York Region.</span></p>]]>

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April Housing Market Charts Available

April Housing Market Charts Available

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TREB Releases Monthly Market Figures Reported By GTA REALTORS®

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB's MLS® System in April 2018.

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TREB Releases Commercial Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Network Members reported 439,206 square feet of combined industrial, commercial/retail and office space leased through the TREB MLS® System, on a per square foot net basis with pricing disclosed, in April 2018.

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TREB Applaudes Mayor Tory's Affordable Housing Announcement

The Toronto Real Estate Board is encouraged that Mayor John Tory is making housing affordability a priority for himself and for City staff.

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TREB Releases Condo Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Tim Syrianos announced that the average selling price for condominium apartments sold through TREB’s MLS® System was up by nine per cent year-over-year to $533,447 in the first quarter of 2018.

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TREB Releases Rental Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Tim Syrianos announced that average rents for one-bedroom and two-bedroom condominium apartment rental units were up well above the rate of inflation on a year-over-year basis in the first quarter of 2018.

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TREB Hosts Economic Summit, Releases New Consumer Survey Data

Today, the Toronto Real Estate Board will host the third of three Regional Economic Summits in York Region (Durham Region was hosted on March 20) to discuss its market outlook, with updated consumer polling data from Ipsos Public Affairs and results from a recent economic impact analysis completed by Altus Group.

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March Housing Market Charts Available

March Housing Market Charts Available

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TREB Releases Monthly Market Figures Reported By GTA REALTORS®

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018.

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TREB Releases Commercial Market Figures As Reported By GTA REALTORS®

Toronto Real Estate Board President Tim Syrianos announced commercial leasing and sales transactions reported through TREB’s MLS® System for the first quarter of 2018.

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TREB Hosts Economic Summit, Releases New Consumer Survey Data

Today, the Toronto Real Estate Board will host the first of two Regional Economic Summits in Durham Region (York Region will be hosted on April 9) to discuss its market outlook, with updated consumer polling data from Ipsos Public Affairs and results from a recent economic impact analysis completed by Altus Group.

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Toronto Real Estate Board Calls On Provincial Parties To Outline Housing Policy

Housing policy, both rental and ownership, has dominated headlines in the Greater Golden Horseshoe (GGH) over the last two years. The Toronto Real Estate Board (TREB) hopes that a vigorous housing policy debate between all three major provincial parties will take place as we move toward the June 7 provincial election.

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February Housing Market Charts Available

February Housing Market Charts Available

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