TRREB: Better-Supplied Condo Market in Q4 2023
January 31, 2024 09:00 ET
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Toronto Regional Real Estate Board
TORONTO, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Fourth quarter 2023 condominium apartment sales in the Greater Toronto Area (GTA) remained low historically, as the demand for ownership housing continued...
TRREB: The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges
January 04, 2024 05:00 ET
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Toronto Regional Real Estate Board
TORONTO, Jan. 04, 2024 (GLOBE NEWSWIRE) -- While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of...
TRREB Statement on Toronto Housing Funding Announcement
December 21, 2023 14:46 ET
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Toronto Regional Real Estate Board
TORONTO, Dec. 21, 2023 (GLOBE NEWSWIRE) -- With Toronto’s ambitious goal to build 285,000 new homes by 2031, it’s essential that the City partner with other levels of government to increase housing...
TRREB: Elevated Borrowing Costs Taking a Toll on Housing Affordability
December 05, 2023 05:00 ET
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Toronto Regional Real Estate Board
TORONTO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a...
TRREB Statement on New Deal Between Toronto and Ontario
November 27, 2023 16:39 ET
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Toronto Regional Real Estate Board
TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- The City of Toronto is the engine that drives Ontario’s economy. When Toronto does well, Ontario does well. However, Toronto has a housing supply crisis,...
TRREB Statement on Federal Fall Economic Statement
November 21, 2023 16:56 ET
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Toronto Regional Real Estate Board
TORONTO, Nov. 21, 2023 (GLOBE NEWSWIRE) -- The Toronto Regional Real Estate Board (TRREB) applauds and welcomes today’s fall economic statement offering several important housing focused...
TRREB: Higher Borrowing Costs See Buyers Remain on Hold
November 02, 2023 05:00 ET
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Toronto Regional Real Estate Board
TORONTO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto Area (GTA) in October 2023. As a result, sales...
TRREB: More Supply in the Condo Market for Q3 2023
October 26, 2023 09:00 ET
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Toronto Regional Real Estate Board
TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- The condominium apartment market became much more balanced over the past year. While Q3 2023 condo apartment sales were up year-over-year, growth in...
TRREB: Strong Population Growth Driving Rental Demand in Q3 2023
October 26, 2023 09:00 ET
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Toronto Regional Real Estate Board
TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Demand for and supply of rental condominium apartments continued to grow in the Greater Toronto Area (GTA) during the third quarter of 2023, as reported by...
TRREB: High Interest Rates Impacting the Market, but Population Growth Will Soon Spur Demand
October 04, 2023 05:00 ET
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Toronto Regional Real Estate Board
TORONTO, Oct. 04, 2023 (GLOBE NEWSWIRE) -- The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh...