Navigating Canada’s Housing Challenges: The Role of Immigration in Housing Supply
In the delicate balance of supply and demand shaping Canada’s housing landscape, immigration is a significant factor influencing housing. Research from Loyalist Public Affairs inside TRREB’s 2024 Market Outlook and Year in Review Report highlights the current challenges and potential solutions. Need for Comprehensive Planning A recent report by the Canada Mortgage and Housing Corporation (CMHC) paints a…
TRREB: Condo Rental Transactions Up in Q1 2024
The number of condominium apartment lease transactions reported through the Toronto Regional Real Estate Board’s (TRREB) MLS® System was up strongly year-over-year in the first quarter of 2024. Over the same period, the number of units listed for rent was up by an even greater annual rate. This resulted in more choice for renters and…
TRREB: Condo Prices Remain Flat in Q1 2024
The Greater Toronto Area (GTA) condominium apartment sales increased moderately in the first quarter of 2024 relative to the first three months of 2023. However, over the same period the number of condo apartment listings increased by a greater annual rate. With buyers benefitting from more choice, the average condo selling price edged lower. Total…
TRREB Statement on the 2024 Federal Budget
To tackle Canada’s housing affordability crisis, governments need to do two things. First, they must build more homes of all types. Second, they must lower the taxes and fees Canadians pay to find an affordable place to call home. Today’s Federal Budget gets it right on supply but needs to be careful about the impact…
TRREB Statement on Canada’s Housing Plan
Canada is in the middle of a historic housing affordability crisis and families need governments at all levels to come forward with policies that will lower costs for home buyers and get more homes built faster. Today’s announcement by Prime Minister Trudeau, Minister Freeland and Minister Fraser of Canada’s Housing Plan is a historic commitment…
TRREB Statement on Bill 185 and the Province’s Efforts to Expedite Housing Development
High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the market, selling prices remained basically flat year-over-year.
Media Invite: TRREB Market Outlook and Year in Review Event in Simcoe County
Media are invited to attend TRREB’s 2024 Market Outlook and Year in Review Simcoe County event on Monday, April 8, 2024, at 10:00 a.m. Hear industry experts weigh in on TRREB’s housing outlook on average prices and sales for 2024, the need for housing supply with rising immigration, the latest buying and selling intentions, and…
TRREB: Selling Prices Up In March and Set to Accelerate This Spring
March 2024 home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market compared to last year, there was enough competition between buyers to see a moderate increase in the…
TRREB: The Province is Hearing Our Housing Calls – the New Ontario Budget
Ontario’s housing affordability crisis is leaving individuals and families on the sidelines of the Canadian dream of homeownership. To reverse this trend, governments must prioritize bold policy changes that will speed up the building of thousands of new homes. The release of the 2024 Ontario Budget provides critical support to the province’s effort to save…