News

Toronto Real Estate Board President Tim Syrianos announced the release of TREB’s Q2 2017 Condo Market Report. Greater Toronto Area REALTORS® reported 8,223 condominium apartment sales reported through TREB’s MLS® System between April and the end of June. This result was down by eight per cent compared to 8,942 sales reported in Q2 2016.

Toronto Real Estate Board President Tim Syrianos announced the continuation of very tight conditions in the condominium apartment rental market in the second quarter of 2017.

Toronto Real Estate Board CEO John DiMichele has released a statement in response to the new measures announced today by the Ontario Government for homebuyers and renters.

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in March 2017. This result represented a 17.7 per cent increase compared to the 10,260 sales reported in March 2016. For the TREB market area as a whole, annual sales growth was strongest for condominium apartments and detached houses.

Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported 5,538,743 square feet of combined industrial, commercial/retail and office space leased through TREB’s MLS® System in the first quarter of 2017. This result was down on a year-over-year basis compared to 6,421,452 combined square feet of leased space reported in the first quarter of 2016.

The Toronto Real Estate Board strongly urges against the imposition of another provincial tax on foreign buyers, which would be in addition to existing provincial taxes on home buyers, including the land transfer tax that they already pay. An additional tax on foreign buyers would do little to address the real problem facing the GTA housing market; a supply shortage which is at more than a 15-year low.

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017. Despite the fact that February 2016 had one more day due to the leap year day, this result was up on a year-over-year basis by 5.7 per cent compared to 7,583 sales reported last year.

Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported a combined 271,918 square feet of industrial, commercial/retail and office space leased through TREB's MLS® System, on a per square foot net basis with pricing disclosed, in February 2017.

Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported 345,658 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 January 2017.

Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported 345,658 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 January 2017.