News

Toronto Real Estate Board President Garry Bhaura announced that the average selling price for condominium apartments reported sold by Greater Toronto Area REALTORS® through TREB's MLS ® System in the third quarter of 2018 was up by 8.4 per cent year-over-year to $552,269. The MLS® Home Price Index (HPI) Apartment Benchmark Price was up by 10.1 per cent year-over-year to $506,300 in September 2018.

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® continued to report robust average annual rent increases for condominium apartments during the third quarter 2018 compared to Q3 2017. The overall number of lease transactions for condominium apartments was also up by 5.8 per cent year-over-year to 9,215 in Q3 2018.

Toronto Real Estate Board President Garry Bhaura announced commercial leasing and sales statistics reported through TREB's MLS® System during the third quarter of 2018.

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 6,455 sales through TREB's MLS® System in September 2018 – up 1.9 per cent compared to September 2017. The average selling price for September 2018 sales was up by 2.9 per cent over the same period to $796,786. The MLS® HPI composite benchmark price was up by two per cent year-over-year.

In the final set of Greater Toronto Area (GTA) Municipal Election Ipsos poll data released by the Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB), there is great concern among GTA millennials that they will be unable to afford a home in the GTA; however, there is some optimism from this group regarding their views on housing supply for new residents.

Amid new polling results showing continued strong public opposition to municipal land transfer taxes, the Toronto Real Estate Board (TREB) has released a policy paper calling for reform of the Toronto Land Transfer Tax and for no new municipal land transfer taxes in other Greater Toronto Area (GTA) municipalities. The paper, which is the first in a series of TREB municipal election policy briefs on issues related to housing supply in the GTA, as well as the poll results, were released to draw the attention of current municipal election candidates to this important issue.

The Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB) have come together to shed light on voters' priorities and issues for the upcoming municipal elections. Together, BILD and TREB represent all facets of the real estate industry. This is the second joint release of municipal election related poll results by the organizations.

The Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB) have come together to shed light on voters' priorities in the upcoming municipal elections. Together, BILD and TREB represent all facets of the real estate industry.

Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB's MLS® System in August 2018 – an 8.5 per cent increase compared to August 2017.

Toronto Real Estate Board President Garry Bhaura announced that TREB Commercial Network Members reported over 275,000 square feet of leased space, in transactions undertaken on a per square foot net basis with pricing disclosed, across the industrial, commercial/retail and office market segments.