News

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted basis, sales were up 11.3 per cent compared to March 2019.

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 4,731 condominium apartment sales through TREB's MLS® System in the first quarter of 2019. This result was down by 6.8 per cent compared to Q1 of 2018.

Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that TREB Commercial Network Members reported 6,814,418 square feet of total leased space for all transaction types across the industrial, commercial/retail and office market segments. This result represented a 9.1 per cent increase compared to the first quarter of 2018.

The Toronto Real Estate Board (TREB) is confirming that the Federal Court of Canada has issued an Order against the operators of Mongohouse.com for their unauthorized access and use of TREB's MLS® data, including granting a permanent injunction. The Court has affirmed TREB’s right to protect its proprietary and copyright information and stop any unlawful attempts to sell or monetize TREB MLS® data.

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 that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March 2019. This result was inline with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent compared to Q1 2018.

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 6,646 condominium apartment rental transactions through TREB’s MLS® System in the first quarter of 2019. This result was up by 7.7 per cent compared to Q1 2018. Rental transactions were up for bachelor, one-bedroom and twobedroom apartments.

With Toronto City Council set to debate a motion to move forward with a proposal for yet another increase to the Municipal Land Transfer Tax (MLTT), at their meeting today, the Toronto Real Estate Board (TREB) is cautioning that the strategy is risky and could have unintended consequences on already challenged home buyers.

With City Council in the midst of dealing with a huge shortfall in Land Transfer Tax revenue in 2018, the Toronto Real Estate Board (TREB) is raising concerns about a new proposal calling for the City to rely on this unpredictable revenue stream even more.

The Toronto Real Estate Board (TREB) applauds Minister Morneau and the federal government for making home buyers and housing issues a priority of the federal budget, announced today, but continues to be concerned about unnecessary mortgage restrictions, which were not addressed.