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Market Watch

TREB Releases Commercial Market Figures As Reported By GTA REALTORS®

Posted: Fri, 06 Jul 2018 08:36:55 -0400
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.

June Housing Market Charts Available

Posted: Thu, 05 Jul 2018 10:48:31 -0400
June Housing Market Charts Available

TREB Releases Monthly Market Figures Reported By GTA REALTORS®

Posted: Thu, 05 Jul 2018 07:39:34 -0400
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.

TREB Supports Action On Housing And Establishment Of City Housing Committee

Posted: Mon, 25 Jun 2018 16:34:49 -0400
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.

MayHousing Market Charts Available

Posted: Mon, 04 Jun 2018 11:49:13 -0400
May Housing Market Charts Available

TREB Releases Commercial Market Figures As Reported By GTA REALTORS®

Posted: Mon, 04 Jun 2018 10:00:23 -0400
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.

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

Posted: Mon, 04 Jun 2018 07:01:11 -0400
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.

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

Posted: Fri, 01 Jun 2018 09:52:39 -0400
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. 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. “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.” 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 (that fills the gap between single family homes and high rises) housing types in the marketplace. “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, 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 7th.” 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. Spokesperson Availability: 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. 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.

April Housing Market Charts Available

Posted: Thu, 03 May 2018 10:23:34 -0400
April Housing Market Charts Available

TREB Releases Monthly Market Figures Reported By GTA REALTORS®

Posted: Wed, 02 May 2018 21:22:22 -0400
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.