News

Toronto Real Estate Board President Tim Syrianos announced that year-over-year increases in average rents for condominium apartments were up very strongly in the third quarter, based on rental transactions reported by Greater Toronto REALTORS® through TREB’s MLS® System.

The Toronto Real Estate Board (TREB) welcomes the provincial announcement on proposed changes to the Real Estate and Business Brokers Act, 2002 (REBBA) pertaining to conflict of interest issues that arise in multiple representation situations in real estate transactions.

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,379 sales through TREB’s MLS® System in September 2017. This result was down by 35 per cent compared to September 2016.

Toronto Real Estate Board President Tim Syrianos announced commercial sales and leasing statistics reported through TREB’s MLS® System for the third quarter of 2017.

The Toronto Real Estate Board is urging caution on the issue of a possible vacant home tax in the City of Toronto. A measured approach to the issue can help to avoid any unintended consequences on the housing market and property owners.

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,357 home sales through TREB’s MLS® System in August 2017. This result was down by 34.8 per cent compared to August 2016.

Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Network Members reported 215,353 square feet of leased industrial, commercial/retail and office space in August 2017 that was leased on a per square foot net basis with pricing disclosed. This result was down from 427,002 square feet leased in August 2016.

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,921 residential transactions through TREB’s MLS® System in July 2017. This result was down by 40.4 per cent on a year-over-year basis, led by the detached market segment – both in the City of Toronto and surrounding regions.

Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Network Members reported a combined 391,196 square feet of industrial, commercial/retail and office space leased through TREB’s MLS® System in July 2017 – down from 879,946 in July 2016. Leasing results can be volatile on a month-to-month basis.

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.