News

With some City of Toronto Councillors announcing plans that could add obstacles to the creation of new housing supply in their wards, the Toronto Real Estate Board (TREB) is reminding all levels of government that housing supply is one of the most important issues in Toronto and the GTA and is encouraging cooperation between governments.

Toronto Real Estate Board President Michael Collins announced that TREB Commercial Network Members reported 5,616,171 square feet of leased space in Q2 2019 for all lease transaction types across the industrial, commercial/retail and office market segments.

May 2019 GTA market outlook update for sales and prices for the balance of 2019; updated consumer intentions to purchase and sell; incidence of first time home buyers; impact of OSFI mortgage stress test and new listings trend, and more.

With Richmond Hill Council set to consider proposed amendments to their sign by-law to allow for the use of real estate open house signs on public property, the Toronto Real Estate Board (TREB), which includes and represents Realtor® members from Richmond Hill and across York Region, has released the results of an Ipsos poll showing strong public support for the use of open-house signs. Currently, Richmond Hill is unique in the Greater Toronto Area in not allowing open house signs on public property.

A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.

The new President of the Toronto Real Estate Board, Michael Collins, announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB's MLS® System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over the same time period, total new listings remained at a similar level for the month of June and active listings at month-end were down by 5.7 per cent.

Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 9,749 condominium apartment rental transactions through TREB's MLS® System in the second quarter of 2019. This result was up by 14.9 per cent compared to Q2 2018.

The Toronto Real Estate Board (TREB) is giving its support to recommendations being considered by the City of Toronto’s Planning and Housing Committee, today, which would allow laneway suites in areas adjacent to public laneways zoned for low-rise residential uses across the City. TREB views this initiative as an important part of strategies to address housing supply issues in Toronto.

A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.

Toronto Real Estate Board President Garry Bhaura announced hat Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019.1 While this result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, it should be noted that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300.