Market News
May Housing Market Charts Available
Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Members reported 210,579 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 May 2018.
Greater Toronto Area REALTORS® reported 7,834 sales through TREB's MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017.
York Region councillors are demanding new tax powers from the province, and they have their eyes set on the municipal land transfer tax (MLTT). If implemented, the tax would add over $15,000 to an average priced York Region home, impacting housing affordability for all home buyers and making the Canadian dream of home ownership less achievable for thousands of young buyers. This could set a dangerous precedent for housing affordability across the wider Greater Toronto Area and the rest of the province.
The Ontario Real Estate Association (OREA) and the Toronto Real Estate Board (TREB) are urging MPP candidates in York Region to say ‘no’ to another tax on home buyers, noting the effects of such a tax will be as detrimental as they have been on Toronto. This tax does nothing to address the real issue facing the GTA housing market: the need for more supply. This sort of tax is also an unreliable revenue source.
“It’s no secret that municipalities across Ontario have been asking the provincial government for new taxing powers,” said Tim Syrianos, President of TREB. “York Region home buyers are already charged a provincial land transfer tax, so by adding a municipal tax, the Region will double the tax burden on local families. If local councillors get their way, home buyers will be forced to pay $15,000 more in land transfer taxes on the average priced home in York Region.”
When the City of Toronto first implemented the MLTT in 2008, home buyers were hit with a big tax increase. Moving from one home to another suddenly became costlier for potential home sellers, by adding thousands of dollars to every transaction. This has caused many home owners to stay put, further limiting supply of the critical missing middle (that fills the gap between single family homes and high rises) housing types in the marketplace.
“We’ve been down this road before, with municipalities asking for new taxing powers and the provincial government considering their requests,” said David Reid, President of OREA. “Each time, Realtors have stood up for young families and opposed a tax. Home buyers need relief, not new taxes. We hope voters in York Region will consider where their local candidates stand on this issue before casting their ballot on June 7th.”
In 2015, Ontario Realtors, home buyers and sellers sent 34,000 letters to provincial policy makers, demanding a stop to the spread of the MLTT outside of Toronto. With the election exactly one week away, Ontario Realtors are urging all provincial and York Region provincial candidates to show their support for Ontario home owners, buyers and sellers by opposing the spread of the MLTT beyond Toronto. They are also asking all Ontarians to email their local candidates urging them to oppose the tax.
Spokesperson Availability:
Media are invited to attend a provincial election debate at the Toronto Congress Centre from 2:30 to 3:15 p.m. on May 31, 2018, hosted by the Toronto Real Estate Board (TREB) and the Ontario Real Estate Association (OREA). The discussion will focus on key real estate, housing and other major election issues that have a significant impact on the Greater Toronto Area.
Following the debate, a news conference will be held jointly by TREB and OREA regarding provincial changes to grant municipalities, including those in the GTA, new taxing powers, such as the imposition of a Municipal Land Transfer Tax in York Region.
April Housing Market Charts Available
Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB's MLS® System in April 2018.
Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Network Members reported 439,206 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 April 2018.
The Toronto Real Estate Board is encouraged that Mayor John Tory is making housing affordability a priority for himself and for City staff.
Toronto Real Estate Board President Tim Syrianos announced that the average selling price for condominium apartments sold through TREB’s MLS® System was up by nine per cent year-over-year to $533,447 in the first quarter of 2018.
Toronto Real Estate Board President Tim Syrianos announced that average rents for one-bedroom and two-bedroom condominium apartment rental units were up well above the rate of inflation on a year-over-year basis in the first quarter of 2018.
Today, the Toronto Real Estate Board will host the third of three Regional Economic Summits in York Region (Durham Region was hosted on March 20) to discuss its market outlook, with updated consumer polling data from Ipsos Public Affairs and results from a recent economic impact analysis completed by Altus Group.
March Housing Market Charts Available
Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018.
Toronto Real Estate Board President Tim Syrianos announced commercial leasing and sales transactions reported through TREB’s MLS® System for the first quarter of 2018.
Today, the Toronto Real Estate Board will host the first of two Regional Economic Summits in Durham Region (York Region will be hosted on April 9) to discuss its market outlook, with updated consumer polling data from Ipsos Public Affairs and results from a recent economic impact analysis completed by Altus Group.
Housing policy, both rental and ownership, has dominated headlines in the Greater Golden Horseshoe (GGH) over the last two years. The Toronto Real Estate Board (TREB) hopes that a vigorous housing policy debate between all three major provincial parties will take place as we move toward the June 7 provincial election.
February Housing Market Charts Available
Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,175 residential transactions through TREB’s MLS® System in February 2018. This result was down 34.9 percent compared to the record 7,955 sales reported in February 2017.
Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Network members reported 503,891 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 February 2018.
Prominent local businesses and community organizations are calling on the City of Toronto to improve the safety of the intersection at Don Mills Road and Kern Road by installing a traffic signal.
January Housing Market Charts Available
Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 4,019 residential transactions through TREB’s MLS® System in January 2018.
Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Network Members reported 364,392 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 2018.
The Toronto Real Estate Board will release its annual Market Year in Review & Outlook Report today at the Board’s Economic Summit.
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
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.
December Housing Market Charts Available
Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 92,394 sales through TREB’s MLS® System in 2017. This total was down 18.3 per cent compared to the record set in 2016.
Toronto Real Estate Board President Tim Syrianos announced commercial leasing and sales statistics reported through TREB’s MLS® System for the fourth quarter of 2017.
Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,374 transactions through TREB’s MLS® System in November 2017. This result was up compared to October 2017, bucking the regular seasonal trend.
Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Network Members reported over 378,000 square feet of combined industrial, commercial/retail and office space leased through TREB’s MLS® System in November 2017.
With November 22, 2017 formally recognized as National Housing Day, the Toronto Real Estate Board (TREB) is proud to be doing its part to raise awareness of important housing issues.
With the City of Toronto's Planning and Growth Management Committee holding public hearings, today, on proposals to regulate short-term rental housing accommodations, the Toronto Real Estate Board (TREB) has submitted formal comments on this issue to City Councillors.
Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Network Members reported 263,420 square feet of combined industrial, commercial/retail and office space leased through TREB's MLS® System in October 2017.
October Housing Market Charts Available
Toronto Real Estate Board President Tim Syrianos reported 7,118 residential sales through TREB’s MLS® System in October 2017. This result represented an above-average increase between September and October of almost 12 per cent, pointing to stronger fall market conditions.
Toronto Real Estate Board President Tim Syrianos reported continued average price growth on a year-over-year basis for condominium apartments listed and sold through TREB’s MLS® System by Greater Toronto Area REALTORS®.
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.
September Housing Market Charts Available
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.
August Housing Market Charts Available
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.
July Housing Market Charts Available
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.
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 President Tim Syrianos announced commercial leasing and sale statistics reported through TREB’s MLS® System during the second quarter of 2017.
June Housing Market Charts Available
Toronto Real Estate Board President Tim Syrianos, in his first release as TREB President, announced TREB residential MLS® sales, listings and price statistics for June, a mid-year forecast update and related Ipsos consumer survey results summarizing home buying and selling intentions.
Today, the Toronto Real Estate Board will host the second of two Regional Economic Summits in York Region (Durham Region hosted on July 15) to discuss a market update as well as a TREB-commissioned consumer survey conducted by Ipsos Public Affairs.
MayHousing Market Charts Available
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 – down by 20.3 per cent compared to 12,790 sales reported in May 2016.
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS®, including TREB Commercial Network Members, reported 377,352 square feet of combined industrial, commercial/retail and office space leased through TREB’s MLS® System on a per square foot net basis with pricing disclosed.
Toronto Real Estate Board President Larry Cerqua talks National Real Estate Day with Breakfast Television on May 12, at 6:20 a.m. Each year, National Real Estate Day is celebrated on May 17, and is marked as a day for homeowners to commemorate achieving the Canadian dream of home ownership.
April Housing Market Charts Available
Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported a combined 348,623 leased square feet of industrial, commercial/retail and office space through TREB’s MLS® System in April 2017, on a per square foot net basis with pricing disclosed.
The Toronto Real Estate Board has examined property assessment and land registry data in Ontario and has concluded that foreign buyer ownership, as well as speculation by foreign and domestic buyers and multiple ownership in the Greater Golden Horseshoe housing market remains low.
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a double-digit annual increase in condominium apartment sales in the first quarter of 2017.
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 6,680 condominium apartment lease transactions through TREB's MLS® System during the first 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.
March Housing Market Charts Available
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.
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.
February Housing Market Charts Available
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.
January Housing Market Charts Available
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 5,188 residential transactions through TREB's MLS® System in January 2017. This result was up by 11.8 per cent compared to 4,640 sales reported in January 2016.
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.
The Toronto Real Estate Board will release its annual Market Year in Review & Outlook Report today at its Economic Summit being held at Toronto’s Parkview Manor.
Toronto Real Estate Board President Larry Cerqua announced that condominium apartment sales reported by Greater Toronto REALTORS® in the fourth quarter of 2016 were up by 22.3 per cent year-over-year to 6,831. Over the same period of time, new listings were down by 13.4 per cent.
Toronto Real Estate Board President Larry Cerqua announced continued tightening in the GTA condominium apartment rental market in the fourth quarter of 2016. Greater Toronto Area REALTORS® reported 5,717 condominium apartment rental transactions through TREB's MLS® System during the last three months of 2016 – down 5.8 per cent compared to the same period in 2015.
The Toronto Real Estate Board is encouraged that the City of Toronto’s Budget Committee has decided not to currently move forward with proposed Land Transfer Tax increases on first-time home buyers; however, TREB remains concerned about a proposal to increase the Land Transfer Tax by $750 for all other buyers, and is also calling for changes that will help first-time buyers.
In advance of its presentation to the City of Toronto’s Budget Committee today, the Toronto Real Estate Board (TREB) is launching a website (www.anotherobstacle.ca) to shed light on proposed changes to the City’s Land Transfer Tax.
December Housing Market Charts Available
Toronto Real Estate Board President Larry Cerqua announced that 2016 was a second consecutive record year for home sales. Greater Toronto Area REALTORS® reported 113,133 home sales through TREB’s MLS® System – up by 11.8 per cent compared to 2015.
Toronto Real Estate Board President Larry Cerqua announced that the total amount of leased space reported through TREB’s MLS® System by TREB Commercial Network Members in the fourth quarter of 2016 was down on a year-over-year basis.
The Toronto Real Estate Board is urging Toronto City Council to act early to stop a potential significant Land Transfer Tax increase, a proposal that is currently working its way through the City’s approval and budget process.
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,547 home sales through TREB's MLS® System in November 2016. This result represented a 16.5 per cent increase compared to November 2015.
Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported 286,265 combined square feet of industrial, commercial/retail and office space leased through TREB’s MLS® System in November 2016, on a per square foot net basis with pricing disclosed.
The Toronto Real Estate Board is raising concerns over proposed Toronto Land Transfer Tax changes. These proposed changes will increase costs for all Toronto home buyers, but impact first-time buyers the most.
October Housing Market Charts Available
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,768 sales in October 2016 – up by 11.5 per cent compared to October 2015. For the TREB market area as a whole, the largest annual rate of sales growth was in the condominium apartment market segment.
Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported 365,659 combined square feet of industrial, commercial/retail and office space leased through TREB’s MLS® System in October 2016, on a per square foot net basis with pricing disclosed.
Toronto Real Estate Board President Larry Cerqua announced that condominium apartment sales reported through TREB’s MLS® System in the third quarter of 2016 were up by 22.1 per cent on a year-over-year basis to 8,014.
Toronto Real Estate Board President Larry Cerqua announced that the number of lease agreements signed for condominium apartments listed on TREB's MLS® System was down by 4.8 per cent on a year-over-year basis to 9,164 in the third quarter of 2016 compared to 9,629 a year earlier.
September Housing Market Charts Available
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 9,902 sales through TREB’s MLS® System in September 2016. This result was up by 21.5 per cent compared to September 2015.
Toronto Real Estate Board President Larry Cerqua announced that the total amount of leased space reported through TREB’s MLS® System in the third quarter of 2016 was up substantially on a year-over-year basis. There was a combined 6,592,818 square feet of industrial, commercial/retail and office space leased – up 34.8 per cent compared to the third quarter of 2015.
The Toronto Real Estate Board, in conjunction with The Regional Municipality of York, is hosting an inaugural Commercial Development Forum in Thornhill on Tuesday, September 27, 2016.
August Housing Market Charts Available
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,813 sales through TREB’s MLS® System in August 2016.
Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported a combined 423,206 square feet of leased industrial, commercial/retail and office space in August 2016. This result was up from 317,157 square feet of leased space in August 2015.
July Housing Market Charts Available
Toronto Real Estate Board President Larry Cerqua announced that TREB REALTOR® Members reported 9,989 home sales through TREB’s MLS® System in July 2016. At just shy of 10,000 transactions, this was the best result on record for the month of July.
Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported a combined 876,196 square feet of leased industrial, commercial/retail and office space in July 2016. These properties were leased on a per square foot net basis with pricing disclosed.
Toronto Real Estate Board President Larry Cerqua announced another very strong quarter for condominium apartment sales in Q2 2016. Greater Toronto Area REALTORS® reported 8,965 condo apartment sales between the beginning of April and end of June. This result represented an increase of 17.4 per cent in comparison to the same period in 2015.
Toronto Real Estate Board President Larry Cerqua announced that despite a decline in the number of condominium apartments listed for rent on TREB's MLS® System in the second quarter of 2016, the number of condo apartments rented remained similar on a year-over-year basis – down by only 2.7 per cent compared to the second quarter of 2015.
The Toronto Real Estate Board is appealing the decision ordered by the Competition Tribunal to release property sold data and pending sold data (where the transaction hasn't yet closed) for broad dissemination on the Internet without requiring the explicit informed consent from the consumer.
June Housing Market Charts Available
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,794 residential transactions through TREB’s MLS® System in June 2016. This result was 7.5 per cent higher than the 11,905 sales reported in June 2015.
Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported strong growth in commercial leasing activity in the second quarter of 2016. Combined industrial, commercial/retail and office space leased through TREB’s MLS® System amounted to 7,390,832 square feet.
May Housing Market Charts Available
Toronto Real Estate Board President Mark McLean announced that there were 12,870 home sales reported through TREB’s MLS® System in May 2016. This result represented a new record for the month of May and a 10.6 per cent increase over the same period last year. In contrast, the number of new listings was down over the same time frame by 6.4 per cent. The decline in listings was experienced in both the low-rise and condominium apartment market segments.
Toronto Real Estate Board President Mark McLean announced that TREB Commercial Network Members reported 452,261 square feet of combined industrial, commercial/retail and office space leased through TREB’s MLS® System in May 2016, on a per square foot net basis with pricing disclosed. This result was up in comparison to 374,781 square feet leased in May 2015.
On May 17, 2016, the Toronto Real Estate Board (TREB) will celebrate National Real Estate Day, a day for all Canadians to celebrate the benefits of home ownership.
April Housing Market Charts Available
Toronto Real Estate Board President Mark McLean announced that there were 12,085 sales reported through TREB’s MLS® System in April 2016. This result, which represented a record for the month of April, was up by 7.4 per cent in comparison to April 2015.
Toronto Real Estate Board President Mark McLean announced that Toronto Real Estate Board Commercial Network Members reported 306,003 square feet of combined industrial, commercial/retail and office space leased through TREB’s MLS® System in April 2016.
Toronto Real Estate Board President Mark McLean announced 6,458 condominium apartment rental transactions reported through TREB’s MLS® System during the first quarter of 2016. This result represented a year-over-year increase of 6.5 per cent compared to the first quarter of 2015.
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 5,974 condominium apartment sales through TREB’s MLS® System during the first quarter of 2016 – an increase of 21.2 per cent compared to the first quarter of 2015.
March Housing Market Charts Available
Toronto Real Estate Board President Mark McLean announced record TREB MLS® home sales for the first quarter of 2016 following a strong result for March transactions. There were 10,326 sales in March and 22,575 sales in the first quarter.
Toronto Real Estate Board President Mark McLean announced that TREB Commercial Network Members reported year-over-year growth in total commercial leasing activity reported through TREB's MLS® System for the first quarter of 2016.
February Housing Market Charts Available
Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported a record number of home sales through TREB’s MLS® System in February 2016. There were 7,621 transactions reported this past February – up 21.1 per cent compared to February 2015.
Toronto Real Estate Board President Mark McLean announced that Toronto Real Estate Board Commercial Network Members reported 392,132 square feet of combined industrial, commercial/retail and office space in February 2016. This result was down from 796,437 square feet of space leased during the same period in 2015.
January Housing Market Charts Available
Greater Toronto Area REALTORS® celebrated the 2015 holiday season in a giving way, providing grants to over 50 shelter-related charities throughout the GTA.
Toronto Real Estate Board President Mark McLean announced that TREB Commercial Network Members reported a combined 240,606 square feet of industrial, commercial/retail and office space leased through TREB’s MLS® System in January 2016, for properties where pricing was disclosed on a per square foot net basis
Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported 4,672 residential transactions through TREB’s MLS® System in January 2016. This result represented an 8.2 per cent increase compared to January 2015.
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 5,595 condominium apartment sales through TREB’s MLS® System during the fourth quarter of 2015. This result was up by 12.6 per cent compared to the same period in 2014.
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 6,073 condominium apartment rentals through TREB’s MLS® System in the fourth quarter of 2015. This result represented a substantial 20.7 per cent increase compared to 5,032 rentals reported in Q4 2014.
December Housing Market Charts Available
The second best sales result on record for December capped off a record year for TREB MLS® home sales in the GTA. Toronto Real Estate Board President Mark McLean announced that there were 4,945 sales reported in December bringing the 2015 calendar year total to 101,299 – a substantial 9.2 per cent increase compared to 2014 as a whole.
Toronto Real Estate Board President Mark McLean announced that TREB Commercial Network Members leased almost 6.1 million square feet of combined industrial, commercial/retail and office space in the fourth quarter of 2015. This result represented a 19.6 per cent year-over-year increase compared to the fourth quarter of 2014.
November Housing Market Charts Available
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 home sales through TREB’s MLS® System in November 2015 – up by 14 per cent compared to November 2014.
Toronto Real Estate Board President Mark McLean announced TREB MLS® commercial real estate results for November 2015. There was 428,741 square feet of combined industrial, commercial/retail and office space leased, on a per square foot net basis with pricing disclosed, during the month.
The Internet of Things and your "smart" home appliances
If you have heard anything about the Internet of Things (IoT), it may sound like something straight out of science fiction. Or at least The Jetsons.
If you have heard anything about the Internet of Things (IoT), it may sound like something straight out of science fiction. Or at least The Jetsons.
Greater Toronto, November 25, 2015 – Demand for home ownership remains strong in the GTA, and dynamics around housing supply are impacting prices and redefining the market, said the Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB) at their first ever joint briefing on the state of the GTA housing market.
It can feel frustrating. You've cut back on your daily double soy lattes, your impulse buying, even cut down on your overall debt, but you may feel like you are no closer to owning your own home. In speaking to would-be first-time home buyers, saving for your down payment doesn't have to feel like a dream.
October Housing Market Charts Available
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 8,804 home sales through TREB’s MLS® System in October 2015. This is the best result on record for the month of October.
Toronto Real Estate Board President Mark McLean announced TREB MLS® commercial real estate results for October 2015. There was 427,842 square feet of industrial, commercial/retail and office space leased during the month and this result represented a year-over-year decline of 39.4 per cent.
Toronto Real Estate Board President Mark McLean announced strong year-over-year growth in condominium apartment sales reported through TREB’s MLS® System in the third quarter of 2015.
Toronto Real Estate Board President Mark McLean announced that there were 9,635 condominium apartment rental transactions reported through TREB’s MLS® System in the third quarter of 2015.
With a federal election campaign underway, the Toronto Real Estate Board (TREB) recently helped to shine the spotlight on housing issues by bringing together federal political party representatives for a housing forum.
September Housing Market Charts Available
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported a record number of transactions for the month of September through TREB’s MLS® System. There was a combined 8,200 home sales reported for September 2015. This result was up 2.5 per cent compared to September 2014.
Toronto Real Estate Board President Mark McLean announced that TREB Commercial Network Members leased over 4.8 million square feet of combined industrial, commercial/retail and office space in the third quarter of 2015.
Updates on the Greater Toronto Area resale housing market have been prominent in recent news headlines, and with good reason. People from around the world are excited about living in our city and statistics reflect this fact: July for example, saw a record number of transactions for the month, with 9,880 homes changing hands.
I am excited about representing the Greater Toronto Area's more than 41,000 REALTORS® during the next 12 months, as President of the Toronto Real Estate Board.
I see it as a great opportunity to share information with you about the real estate market in our city, which is teeming with potential. I believe that as a centre of finance, innovation and creativity, Toronto is destined to become one of the world's great mega-cities. In fact, the Globalization and World Cities Research Network already classifies ours as an alpha city, one that links major economic regions into the global economy.
I see it as a great opportunity to share information with you about the real estate market in our city, which is teeming with potential. I believe that as a centre of finance, innovation and creativity, Toronto is destined to become one of the world's great mega-cities. In fact, the Globalization and World Cities Research Network already classifies ours as an alpha city, one that links major economic regions into the global economy.
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,998 residential transactions through the TREB MLS® System in August 2015. This result represented a 5.7 per cent increase compared to 7,568 sales reported in August 2014.
Toronto Real Estate Board President Mark McLean announced that TREB Commercial Network Members reported a combined 193,443 square feet of leased industrial, commercial/retail and office space in August 2015.
August Housing Market Charts Available
Taking in Toronto’s landscape is like watching a scene through a vintage slide projector: signs of its metamorphosis are evident with the click of each new frame and every new sunrise.
July Housing Market Charts Available
Toronto Real Estate Board President Mark McLean announced record home sales for the month of July. Greater Toronto Area REALTORS® reported 9,880 sales through TREB's MLS® System, representing an eight per cent increase compared to July 2014.
Toronto Real Estate Board President Mark McLean announced that TREB Commercial Network Members reported a combined 323,761 square feet of leased industrial, commercial/retail and office space in July 2015. This result was down by 11.6 per cent compared to July 2014.
I am excited about representing the Greater Toronto Area’s more than 41,000 REALTORS® during the next 12 months, as President of the Toronto Real Estate Board.
Toronto Real Estate Board President Mark McLean announced that there were 7,656 condominium apartment transactions reported through TREB’s MLS® system in the second quarter of 2015, representing a year-over-year growth rate of 17 per cent relative to Q2 2014.
Toronto Real Estate Board President Mark McLean announced that GTA REALTORS® reported 8,821 condominium apartment rentals through TREB’s MLS® System in the second quarter of 2015. This result represented a 20.3 per cent year-over-year increase compared to 7,333 condo apartment rentals reported in Q2 2014.
June Housing Market Charts Available
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 11,992 sales through TREB’s MLS® System in June 2015. This result represented a new record for the month of June and an 18.4 per cent increase over the June 2014 result of 10,132.
Toronto Real Estate Board President Mark McLean announced that TREB Commercial Network Members reported 5,896,493 square feet of leased industrial, commercial/retail and office space during the second quarter of 2015.
On June 16, we email broadcast June’s edition of the monthly, electronicAcross The Board Member newsletter to all TREB Members. This issue features:
- New Home Page Video Centre Launched
- New Enhanced Resolution for TREB Listing Images
- Condominium Act Proposed Changes
- RECO License Renewal On Or Before July 31
- 2015-2016 TREB Membership Dues – Pay Online
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Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 5,661 home sales through TREB’s MLS® System during the first two weeks of June 2015. This result represented a 15.7 per cent increase compared to the same period in 2014.
May Housing Market Charts Available
TREB: Don't Wait To Get Into The Housing Market
TREB: All About Renos
TREB: Events Help REALTORS Connect With The City
TREB: All About Renos
TREB: Events Help REALTORS Connect With The City
Toronto Real Estate Board President Paul Etherington announced 11,706 sales reported by Greater Toronto REALTORS® in May 2015. This result was up by 6.3 per cent in comparison to 11,013 sales reported in May 2014. For the TREB market area as a whole, sales were up for all major housing types.
Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported 377,052 square feet of space leased on a per square foot net basis with pricing disclosed in May 2015. This result was down from 629,864 total square feet leased in May 2014.
Toronto Real Estate Board President Paul Etherington announced a 9.6 per cent year-over-year increase in home sales reported by Greater Toronto Area REALTORS® during the first 14 days of May. There were 5,655 sales reported in the first two weeks of May 2015 compared to 5,160 sales during the same period in May 2014.
April Housing Market Charts Available
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 11,303 sales in April 2015. This was the highest sales result on record for the month of April and represented a 17 per cent increase in comparison to April 2014. While sales increased strongly on a year-over-year basis, new listings were up over the same period by a more moderate five per cent.
Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported a strong year-over-year increase in leasing activity through TREB’s MLS® system in April. Combined industrial, commercial/retail and office space leased on a per square foot net basis, with pricing disclosed, was up by 79 per cent in comparison to the same period last year.
The summer of 2015 will be the best one ever for scores of children with neurological conditions thanks to the support of Members who turned out for a hugely successful TREB FEST networking event on April 29.
The event, which took place at the CUBE nightclub on Queen Street West, featured door prizes, a silent auction, an amazing DJ and dancing, and a range of speciality entertainment such as an astrologer, a handwriting analyst, and a henna artist.
In total, more than 300 Greater Toronto REALTORS® took part in the event and in doing so, raised more than $8,000 for Camp Winston. A registered charitable organization, Camp Winston provides recreational opportunities in a beautiful Muskoka setting for children with neurological conditions such as Autism, Attention Deficit Hyperactivity and Tourette’s Disorder.
Camp Winston will be included as a tradeshow exhibitor at TREB’s upcoming REALTOR® QUEST conference May 6th and 7th at the Toronto Congress Centre, and as the President’s chosen charity for the 2014/2015 term, it will also be the recipient of proceeds from REALTOR® QUEST’s silent auction.
More about the charity’s important initiatives is available at www.CampWinston.com
I believe that buying your first home should be counted among life’s most important milestones. Home ownership is more than just a step in securing your financial future
Toronto Real Estate Board President Paul Etherington announced that there were 4,975 condominium apartment sales reported through the TorontoMLS system in the fourth quarter of 2014. This result was up by 8.3 per cent compared to the fourth quarter of 2013.
Toronto Real Estate Board President Paul Etherington announced that condominium apartment rental transactions and listings reported by Greater Toronto Area REALTORS® were up strongly on a year-over-year basis in the first quarter of 2015. The total number of units rented was up by 20.9 per cent to 6,074.
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 4,635 home sales during the first 14 days of April 2015. This result represented a 3.4 per cent increase compared to April 2014. New listings over the same period were down by 4.6 per cent year over year.
March Housing Market Charts Available
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,940 sales in March 2015. This result represented an 11 per cent increase compared to March 2014. Sales were up for most major home types, both in the City of Toronto and the surrounding regions. New listings were also up, but by a lesser 5.5 per cent, indicating tighter market conditions.
Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported 5,776,322 square feet of leased industrial, commercial/retail and office space during the first quarter of 2015. This result represented a substantial 28.2 per cent year-over-year increase in space leased, which was driven by a 33.4 per cent increase in leased industrial space. The industrial segment accounted for 78 per cent of total space leased.
Given that more Canadians own their homes today that at any other time in our nation’s history, it’s fair to say that homeownership has become one of our country’s primary cultural values. Chances are you’ve spent the occasional Sunday mesmerized by a real estate program or two, and even if you don’t keep up on the latest home trends, you’re probably familiar with the importance of location, kitchens, and bathrooms to property values.
Given that more Canadians own their homes today that at any other time in our nation’s history, it’s fair to say that homeownership has become one of our country’s primary cultural values. Chances are you’ve spent the occasional Sunday mesmerized by a real estate program or two, and even if you don’t keep up on the latest home trends, you’re probably familiar with the importance of location, kitchens, and bathrooms to property values.
If like thousands of people throughout the Greater Toronto Area you have worked with a REALTOR® in recent years, you probably have an appreciation of the many variables that can occur in a transaction.
While working in the real estate profession demands a considerable knowledge base, throughout my 30 years as a REALTOR® I have found that one of the most important aspects of the job has remained the same: the simple act of bringing people together. It is immensely gratifying to see the enthusiasm in buyers’ eyes as they envision their new lifestyle and the sense of achievement that sellers experience when an agreement is reached.
While working in the real estate profession demands a considerable knowledge base, throughout my 30 years as a REALTOR® I have found that one of the most important aspects of the job has remained the same: the simple act of bringing people together. It is immensely gratifying to see the enthusiasm in buyers’ eyes as they envision their new lifestyle and the sense of achievement that sellers experience when an agreement is reached.
February Housing Market Charts Available
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 6,338 home sales through the TorontoMLS system in February 2015. This result represented a substantial 11.3 per cent year-over-year increase compared to February 2014.
Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported 553,178 square feet of industrial, commercial/retail and office space leased through the TorontoMLS system in February 2015. This result was up by almost 38 per cent compared to February 2014.
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported a 14.9 per cent increase in the number of sales entered into the TorontoMLS system during the first two weeks of February 2015 compared to the same period in 2014.
January Housing Market Charts Available
Toronto Real Estate Board President Paul Etherington announced a strong start to 2015, with robust year-over-year sales and average price growth in January. Greater Toronto Area REALTORS® reported 4,355 home sales through the TorontoMLS system during the first month of the year. This result represented a 6.1 per cent increase over January 2014. During the same period, new listings were up by 9.5 per cent.
Toronto Real Estate Board President Paul Etherington announced that, in January 2015, TREB Commercial Network Members reported 347,046 leased square feet of industrial, commercial/retail and office space within the TREB market area for which pricing was disclosed on a per square foot net basis. This result was down by 19.7 per cent compared to 431,941 square feet of combined space leased in January 2014.
The Toronto Real Estate Board (TREB) will be making a deputation to the City of Toronto’s Budget Committee today, as part of the City’s Budget consultations. TREB will be recommending adjustments to tax policy that could help City Council address the City’s affordable housing challenges, an issue that Mayor Tory has made a priority.
According to an annual study released recently by researchers from York University and the Canadian Alliance to End Homelessness, approximately 235,000 Canadians find themselves homeless each year, at a cost of $7 billion to the economy. One of the key factors contributing to the issue, suggests the State of Homelessness in Canada report, is a limited supply of affordable housing units.
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 1,409 sales through the TorontoMLS system during the first 14 days of January 2015.
Toronto Real Estate Board President Paul Etherington announced that there were 4,975 condominium apartment sales reported through the TorontoMLS system in the fourth quarter of 2014. This result was up by 8.3 per cent compared to the fourth quarter of 2013.
Toronto Real Estate Board President Paul Etherington announced that fourth quarter 2014 condominium apartment rental transactions though the TorontoMLS system were up by 17 per cent to 5,036 compared to the fourth quarter of 2013. Over the same period, the number of condominium apartments listed on TorontoMLS was also up, but by a lesser annual rate.
Greater Toronto REALTORS® kick off 2015 by providing grants to 60 different shelter-related charities throughout the Greater Toronto Area.
December Housing Market Charts Available
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 92,867 residential sales through the TorontoMLS system in 2014, including 4,446 in December. The calendar year 2014 sales result represented a 6.7 per cent increase over the 2013 sales figure of 87,049 and was just short of the record set in 2007.
Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported 5,120,001 square feet of leased industrial, commercial/retail and office space during the fourth quarter of 2014.
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 2,496 sales through the TorontoMLS system during the first 14 days of December 2014. This result was up by 1.9 per cent compared to the same period in December 2013. Over the same period, new listings were down by 1.8 per cent year over year.
The season’s first flakes have descended on our city, which means that many of us will open our doors to host various holiday celebrations in the coming weeks, and collectively, we will be doing so again next summer when thousands of athletes and fans from countries throughout the Americas converge on Toronto for the Pan Am and Parapan Games.
November Housing Market Charts Available
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 6,519 residential transactions through the TorontoMLS system in November 2014. This result was up by 2.6 per cent compared to 6,354 sales reported in November 2013.
Toronto Real Estate Board President Paul Etherington announced that, in November 2014, TREB Commercial Network Members reported 470,604 leased square feet of industrial, commercial/retail and office space within the TREB market area for which pricing was disclosed on a per square foot net basis.
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 3,350 sales through the TorontoMLS system during the first 14 days of November 2014. Compared to the same period in 2013, this result represented an increase of 8.3 per cent. Over the same period, new listings were also up, but by a lesser 2.2 per cent.
If you are considering making a transition to your next home in the coming months, you’re not alone. So far this year, more than 73,000 other Greater Toronto Area residents have made the decision to lay down new roots.
October Housing Market Charts Available
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,552 sales through the TorontoMLS system in October 2014. This result represented an increase of 7.7 per cent compared to October 2013. New listings were also up on a year-over-year basis, but by a lesser 3.4 per cent.
Toronto Real Estate Board President Paul Etherington announced that, in October 2014, TREB Commercial Network Members reported leases for 704,582 square feet of combined industrial, commercial/retail and office space within the TREB market area for which pricing was disclosed on a per square foot net basis. This result was up by 38.8 per cent compared to 507,501 square feet of combined space leased in October 2013. Almost 75 per cent of total leased space was accounted for by the industrial market segment.
According to a new survey by Ipsos Reid, 82 per cent of Canadians are now buying everything from furniture to cosmetics online, spending $954 each year in doing so.
With less than one week to go before Toronto voters select a new City Council, Toronto’s REALTORS® continued to raise concerns about the Toronto Land Transfer Tax with Mayoral candidates at TREB’s Annual General Meeting.
Toronto Real Estate Board President Paul Etherington announced a 12.9 per cent year-over-year increase in condominium apartment sales through the TorontoMLS system in the third quarter of 2014. Sales amounted to 5,954. New listings of condominium apartments on TorontoMLS were also up compared to the same period last year, by 4.5 per cent.
Toronto Real Estate Board President Paul Etherington announced that condominium apartment rental transactions through the TorontoMLS system were up by 20.5 per cent year-over-year in the third quarter to 7,868. The increase was driven by the popular one-bedroom apartment segment, which experienced an increase in rental transactions of 24.7 per cent compared to the same period last year.
Toronto Real Estate Board President Paul Etherington announced that residential sales reported through the TorontoMLS system during the first 14 days of October were up by 12.2 per cent compared to the same period in 2013. Over the same period, new listings entered into TorontoMLS were up by a lesser 5.9 per cent.
As Canadians, we are fortunate to count ourselves among the most privileged of the seven billion people living in the world today. And thanks to the outstanding quality of life we enjoy, each year Canada draws thousands of people from around the world, some of whom have fled hardships difficult for us to imagine.
September Housing Market Charts Available
Toronto Real Estate Board President Paul Etherington announced that there were 8,051 transactions reported through the TorontoMLS system in September 2014. This result represented a 10.9 per cent increase compared to September 2013. On a year-to-date basis through the first three quarters of the year, sales were up by 6.9 per cent annually to 73,465.
Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported 6,059,755 square feet of leased industrial, commercial/retail and office space during the third quarter of 2014. This result was up by 5.3 per cent compared to the third quarter of 2013. The amount of space leased was up for all major market segments.
With less than a month to go before Toronto voters select a new City Council, the Toronto Real Estate Board is continuing to raise concerns about the Toronto Land Transfer Tax with councillor and mayoral candidates.
If there were ever a city aware of the dangers of falling victim to its own success, it’s Toronto, where on any given day you’re likely to encounter a water cooler discussion about house prices.
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 3,297 sales through the TorontoMLS system during the first 14 days of September 2014. This result represented an 8.3 per cent increase compared to the same period in 2013. Year-to-date sales through September 14, at 68,731, were up by 6.6 per cent compared to the same period in 2013.
Given the fact that tens of thousands of homes change hands throughout the Greater Toronto Area each year, it’s easy to forget that buying a home is a complex process to which the phrase “the devil’s in the details” aptly applies.
August Housing Market Charts Available
Toronto Real Estate Board President Paul Etherington reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase of 6.5 per cent compared to the same period in 2013.
Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported 529,116 square feet of space leased on a per square foot net basis through the TorontoMLS system in August.
If you have ever felt like your life is on somewhat of a financial treadmill, take heart: you’re not alone.
Toronto Real Estate Board President Paul Etherington announced mid- month figures for August 2014 that point to continued strength in the GTA housing market. There were 3,504 sales reported through the TorontoMLS system during the first 14 days of August. This result was up by 7.6 per cent compared to the same period in August 2013.
July Housing Market Charts Available
Toronto Real Estate Board President Paul Etherington reported strong year-over-year growth for July 2014 sales and the average selling price. Sales reported by TREB Members through the TorontoMLS system were up by 10 per cent to 9,198. This was the second-best July sales result on record.
Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported 360,808 square feet of space leased on a per square foot net basis through the TorontoMLS system in July. This result, which included transactions with pricing disclosed, was down from 696,939 square feet reported in July 2013. The amount of leased commercial/retail space was up on a year-over-year basis, whereas the amount of industrial and office space leased was down. Industrial properties accounted for 60 per cent of total square footage leased.
As a REALTOR®, I’m often asked for advice regarding the best approach to building a solid financial future.
Toronto Real Estate Board President Paul Etherington announced robust results for the condominium apartment market in the second quarter of 2014. Q2 sales were up by 10.4 per cent compared to the same period in 2013. New listings were up over the same period, but by a lesser 4.4 per cent.
Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 7,342 rental transactions through the TorontoMLS system in the second quarter of 2014. This result was up by 25.7 per cent compared to Q2 2013. The number of units listed for rent in the second quarter was up by 22.2 per cent on a year-over-year basis to 12,510.
Toronto Real Estate Board President Paul Etherington announced that TorontoMLS home sales through the first 14 days of July 2014 were up by 11.6 per cent year-over-year to 3,891. New listings were also up compared to the same period in 2013, but by a lesser annual rate of 9.7 per cent.
It is a period of new beginnings at the Toronto Real Estate Board as President Paul Etherington takes the reins to lead its newly elected Board of Directors, and welcomes new leadership with a new Chief Executive Officer.
June Housing Market Charts Available
Throughout the next year in my role as President of the Toronto Real Estate Board I will be sharing updates with you on our city’s housing market, as well as some of the many insights I have gained during my 30 years as a Greater Toronto REALTOR®.
Stepping into his role as President of the Toronto Real Estate Board, Paul Etherington announced a strong increase in residential sales reported through the TorontoMLS system in June. Sales were up by 15.4 per cent year-over-year to 10,180 transactions. New listings were also up compared to the same period in 2013, but by a lesser annual rate. This means that competition between buyers increased in June.
Stepping into his role as President of the Toronto RealEstate Board, Paul Etherington announced a year-over-year increase in combined industrial, commercial/retail and office space leased through the TorontoMLS system in the second quarter of 2014. There was over 5.8 million square feet of total space leased in Q2 2014 – up by 15.6 per cent compared to Q2 2013. At over 4.2 million square feet, the amount of industrial space leased was up by 10.8 per cent year-over-year. The industrial segment accounted for almost three quarters of total leased space.
Throughout the next year Paul Etherington, President of the Toronto Real Estate Board, will be sharing updates on our city’s housing market, as well as some of the many insights he has gained during his 30 years as a Greater Toronto REALTOR®.
Toronto Real Estate Board President Dianne Usher announced that both sales and new listings were up substantially during the first 14 days of June 2014 compared to the same period in 2013.
With the municipal election campaign in full swing, a new poll is showing that a majority of Torontonians support a reduction of the Toronto Home Buying Tax (Toronto Land Transfer Tax), and would be more likely to vote for a Mayoral or Councillor candidate who supports reducing or eliminating this tax. Since 2008, the average Toronto Land Transfer Tax has increased 78%, more than double the increase in the average house price and outpacing inflation.
May Housing Market Charts Available
Toronto Real Estate Board President Dianne Usher announced that both the number of home sales through the TorontoMLS system and the average selling price were up strongly in May compared to a year ago.
Toronto Real Estate Board Commercial Network Members reported 639,878 square feet of combined industrial, commercial/retail and office space leased through the TorontoMLS system in May 2014, on a per square foot net basis where pricing was disclosed. This result was up from 436,433 square feet leased in May 2013 and represented a 47 per cent increase on a year-over-year basis, which was driven by all major market segments.
Former International Space Station Commander Chris Hadfield shared some the many insights gained throughout his remarkable career with Greater Toronto REALTORS® at the Toronto Real Estate Board’s (TREB) annual REALTOR® QUEST conference held May 7th and 8th at the Toronto Congress Centre.
Toronto Real Estate Board President Dianne Usher announced that “Sales reported by Greater Toronto REALTORS® were up strongly during the first two weeks of May in comparison to the same time last year. However, new listings were down slightly over the same period, which means competition between buyers continued to increase and price growth remained very strong.”
April Housing Market Charts Available
Toronto Real Estate Board President Dianne Usher announced that during April – the first full month of spring – Greater Toronto REALTORS® reported a 1.8 per cent year-overyear increase in sales through the TorontoMLS system. Total April 2014 sales amounted to 9,706, compared to 9,535 transactions in April 2013.
Toronto Real Estate Board Commercial Network Members reported 450,092 square feet of combined industrial, commercial/retail and office space leased through the TorontoMLS system in April 2014, on a per square foot net basis where pricing was disclosed. This result was down from 625,545 square feet leased in April 2013. Industrial space accounted for three-quarters of all space leased in April.
Media representatives are invited to the Toronto Real Estate Board’s Annual REALTOR Quest Conference taking place May 7 & May 8, 2014 at the Toronto Congress Centre.
Working with thousands of homebuyers and sellers each year, Greater Toronto REALTORS® understand the many elements that go into making a house a home. Recognizing that one key component is furniture, we lend a hand to a charitable organization that transforms the living spaces, and the lives, of those it supports.
Toronto Real Estate Board President Dianne Usher announced that the spring market started off on a strong note in the Greater Toronto Area, with a 10.8 per cent year-over-year sales increase reported by Greater Toronto REALTORS® during the first two weeks of April. Sales through the TorontoMLS system over this period amounted to 4,541 units.
Toronto Real Estate Board President Dianne Usher announced that “home buyers remained confident in purchasing condominium apartments during the first three months of 2014. This included first-time buyers and seasoned home owners looking to change their housing situation. Despite the condo market segment being well-supplied, strong sales growth translated into a robust increase in the average selling price.”
Toronto Real Estate Board President Dianne Usher announced that strong growth in rental transactions and rental listings was reported by Greater Toronto REALTORS® during the first quarter of 2014. For condominium apartments in particular, total rental transactions were up by 17.8 per cent compared to the first quarter of 2013. The total number of units listed was up by an even greater 27.7 per cent.
Recognizing that Canada is highly regarded around the world for the quality of life it offers, you may find it surprising to know that according to Statistics Canada, in 2010 there were almost 99,000 victims of family violence across the nation, accounting for 25 per cent of all victims of violent crime.
March Housing Market Charts Available
Toronto Real Estate Board President Dianne Usher announced that Greater Toronto Area REALTORS® reported strong year-over-year increases in TorontoMLS home sales and the average selling price in March 2014. Home ownership affordability, backstopped by low borrowing costs, continued to be a key factor underlying this growth.
Toronto Real Estate Board Commercial Network Members reported a year-over-year increase in the total amount of combined industrial, commercial/retail and office space leased through the TorontoMLS system in the first quarter of 2014. In Q1 2014, total space leased amounted to 4,517,411 square feet – up by 3.6 per cent in comparison to 4,363,905 square feet leased during the first three months of 2013.
Toronto Real Estate Board President Dianne Usher announced that Greater Toronto Area REALTORS® reported 3,459 transactions through the TorontoMLS system during the first two weeks of March 2014. This result for the TREB market area as a whole was virtually unchanged in comparison to 3,464 transactions completed during the same period in 2013.
Home sales reported by Greater Toronto Area REALTORS® were up by 2.1 per cent compared to the same period last year. Total February sales amounted to 5,731 compared to 5,613 last year.
February Housing Market Charts Available
Toronto Real Estate Board President Dianne Usher announced that February 2014 home sales reported by Greater Toronto Area REALTORS® were up by 2.1 per cent compared to the same period last year. Total February sales amounted to 5,731 compared to 5,613 last year.
Toronto Real Estate Board President Dianne Usher announced that February 2014 home sales reported by Greater Toronto Area REALTORS® were up by 2.1 per cent compared to the same period last year. Total February sales amounted to 5,731 compared to 5,613 last year.
Toronto Real Estate Board President Dianne Usher announced that “sales growth has rebounded so far in February after a slow start to the year in January. While new listings were still down in comparison to last year, the annual rate of decline was less than experienced last month. This may point to an improvement in the listings situation moving forward, which would help alleviate some of the pent-up demand that currently exists in the marketplace."
January Housing Market Charts Available
Home ownership in the Greater Toronto Area remains affordable and there are many people looking to purchase a home. In January, the number of homes listed for sale was down quite strongly compared to last year, which means that it was difficult for some buyers to find a home.
Toronto Real Estate Board Commercial Network Members reported 427,926 square feet of leased industrial, commercial/retail and office space on a per square foot net basis through the TorontoMLS system in January 2014 (for properties where pricing was disclosed). This result was virtually unchanged compared to 428,513 square feet of space leased in January 2013.
On the heels of Toronto City Council’s recent decision not to cut the Toronto Home Buying Tax (Land Transfer Tax) in its 2014 Budget, Toronto’s REALTORS® are looking forward to joining Torontonians in speaking out about this issue during the upcoming municipal election. REALTORS® are also calling on municipal election candidates to support home buyers and owners by committing to provide relief from the Land Transfer Tax.
With Toronto City Council debating the City’s 2014 Budget, the Toronto Real Estate Board (TREB) is telling Councillors that the proposed budget’s reliance on the Toronto Land Transfer Tax poses risks and that City Council should begin cutting this tax instead. TREB’s views are being echoed by thousands of Torontonians who have been contacting City Councillors by email and other means.
With Toronto City Council meeting tomorrow to give final approval to the City’s 2014 Budget, the Toronto Real Estate Board (TREB) is telling Councillors that the proposed budget’s reliance on the Toronto Land Transfer Tax poses risks and that City Council should begin cutting this tax instead. TREB’s views are being echoed by thousands of Torontonians who have been contacting City Councillors by email and other means.
Greater Toronto Area REALTORS® reported the sale of 4,586 condominium apartments through the TorontoMLS system in the fourth quarter of 2013. This result was up by 21 per cent in comparison to Q4 2012 when 3,789 condominium apartments changed hands. Both new listings of this home type during the quarter and active listings at the end of the quarter were down on a year-over-year basis.
Greater Toronto Area REALTORS® reported an 18 per cent year-over-year increase in condominium apartment rental transactions in the fourth quarter of 2013, with a total of 4,305 condo apartments leased compared to 3,644 during the last three months of 2012. Over the same period, the number of condominium apartments listed for rent was up by 31 per cent.
Greater Toronto Area REALTORS® reported 1,287 transactions through the TorontoMLS system during the first two weeks of 2014. This result was down by approximately eight per cent compared to 1,396 sales reported during the same period in 2013. New listings entered into the system were down by a greater 20 per cent year-over-year.
Now in its eighth year, the Toronto Real Estate Board’s annual Past President’s Scholarship offers two $5,000 awards and two $2,500 awards on behalf of REALTORS® to graduating high school students pursuing any form of post-secondary education whether that is university, college, or trade school.
The Toronto Real Estate Board(TREB) is sounding the alarm over a potential proposal that would see first-time home buyers in Toronto paying more Toronto Home Buying Tax (Land Transfer Tax). TREB is responding to published comments indicating that the City's Budget Committee may consider a proposal to eliminate the Toronto Home Buying Tax on the first $200,000 value of a property, for all home buyers, but to also eliminate the current rebate that relieves first-time home buyers from paying Home Buying Tax on the first $400,000 value of a property.
November Housing Market Charts Available
Greater Toronto Area REALTORS® reported 6,391 residential sales through the TorontoMLS system in November, representing a 13.9 per cent increase over the sales result for November 2012. Over the same period, new listings on TorontoMLS were down by 4.4 per cent and month-end active listings were down by 12.1 per cent.
In November 2013, Toronto Real Estate Board Commercial Division Members reported an annual increase in leased square feet in industrial, commercial/retail and office properties. There was a total of 630,466 square feet of space leased on a per square foot net basis in November 2013 – up by approximately 23 per cent in comparison to 510,933 leased square feet in November 2012.
In light of the launch of the City of Toronto's 2014 budget-setting process, the Toronto Real Estate Board (TREB) has released the results of new public opinion research that shows a strong majority of Torontonians, 69 percent, support a phase-out of the Toronto Land Transfer Tax, up four points from May 2013.
In celebration of National Housing Day the Toronto Real Estate Board (TREB) is teaming up with related organizations to host a symposium at Daniel Spectrum Artscape Lounge in Regent Park November 22nd, highlighting positive initiatives and challenges related to affordable housing.
Owning a home is a good thing, not just for your financial well-being and quality of life, but also for the success of our City as a whole. It benefits our City through pride of ownership, a vibrant population, and the economic activity associated with home purchases. So, why, then, does Toronto City Hall make it tougher for you to own a home, in our great City, with its back-breaking Land Transfer Tax? Shouldn’t they be making it easier, instead of more difficult?
Greater Toronto Area REALTORS® reported 3,131 residential transactions through the TorontoMLS system during the first two weeks of November 2013. This result represented a 21 per cent year-over-year increase compared to 2,582 sales reported during the same timeframe in 2012. Over the same period, new listings were down by more than four per cent.
October Housing Market Charts Available
Greater Toronto Area REALTORS® reported 8,000 home sales through the TorontoMLS system in October 2013 – up from 6,713 transactions reported in October 2012. Over the same period, new listings on the TorontoMLS system were down.
Toronto Real Estate Board Commercial Division Members reported almost 506,000 combined square feet of leased industrial, commercial/retail and office space through the TorontoMLS system in October 2013.
As many analysts anticipated, 2013 has seen more moderate activity in the Greater Toronto Area resale housing market compared to the previous year, and although home values remain robust, the amount of time it takes to sell a property has increased in accordance with this year’s calmer conditions.
While establishing a wide network of contacts is of course, critical to a successful career in real estate, pitching in stems from a much deeper motivation. Greater Toronto REALTORS® truly care about the wellbeing of the communities in which they live and work, and about our city’s quality of life ranking on the international stage. In fact, typically it is this passion for community from which their interest in real estate originates.
Greater Toronto Area REALTORS® reported 5,307 condominium apartment transactions through the TorontoMLS system in the third quarter of 2013. This result was up by 18 per cent in comparison to 4,498 condominium apartment sales reported for the third quarter of 2012.
Greater Toronto Area REALTORS® reported 6,541 condominium apartments rented through the TorontoMLS system in the third quarter of 2013. This result was up by 25 per cent in comparison to the third quarter of 2012.
Greater Toronto Area REALTORS® reported 3,460 sales through the TorontoMLS system during the first 14 days of October 2013. This result was up by 21 per cent in comparison to 2,849 sales reported during the same period in 2012.
September Housing Market Charts Available
Greater Toronto Area REALTORS® reported 7,411 residential sales through the TorontoMLS system in September 2013, representing a 30 per cent increase compared to 5,687 transactions reported in September 2012. Year-to-date, total residential sales reported through TorontoMLS amounted to 68,907 during the first nine months of 2013 – down by one per cent compared to the same period in 2012.
Toronto Real Estate Board Commercial Division Members reported over 5.8 million square feet of leased space in the third quarter of 2013. This result was up by 23 per cent in comparison to approximately 4.7 million square feet leased in the third quarter of 2012.
Greater Toronto Area REALTORS® reported 3,158 transactions through the TorontoMLS system during the first 14 days of September 2013. This result was up by 29 per cent in comparison to September 2012. Sales were up for all major home types on a year-over-year basis. The condominium apartment segment led the way with strong sales growth in the City of Toronto.
August Housing Market Charts Available
Greater Toronto Area REALTORS® reported 7,569 residential transactions through the TorontoMLS system in August 2013. This represented a 21 per cent increase compared to 6,249 sales in August 2012.
Toronto Real Estate Board Commercial Division Members reported almost 488,000 square feet of leased space through the TorontoMLS system in August 2013. This result represented a substantial increase over the 247,382 square feet of space leased during the same period in 2012.
In a recent keynote address to Greater Toronto REALTORS®, David Chilton of The Wealthy Barber and Dragons’ Den renown remarked on how experiential activities are more valuable to him than most of his possessions, and his comments led me to reflect on the many benefits of owning a vacation property.
Greater Toronto Area REALTORS® reported 3,359 sales through the TorontoMLS system during the first two weeks of August 2013. This result represented a 22 per cent increase compared to 2,743 sales in August 2012.Sales were up on a year-over-year basis for all home types. Total new listings were up over the same period, but by a much lesser rate than sales.
July Housing Market Charts Available
If you have bought or sold a home in recent years you have probably noticed at least a few of the many technology advancements that have been developed with your needs in mind. You can now view properties on REALTOR.ca from your mobile phone, advertise your listing on a range of real estate websites from coast to coast, and receive the most up-to-date information on opportunities tailored to your interests from your REALTOR®.
Greater Toronto Area REALTORS® reported 8,544 residential sales through the TorontoMLS system in July 2013. Total sales were up by 16 per cent compared to July 2012. Over the same period, new listings added to TorontoMLS and active listings at the end of the month were up, but by a substantially smaller rate of increase compared to sales.
Toronto Real Estate Board Commercial Division Members reported 681,000 square feet of combined industrial, commercial/retail and office space leased through the TorontoMLS system in July (space leased on a per square foot net basis for which pricing was disclosed). This result, which was driven by the industrial market segment, was 55 per cent higher compared to July 2012.
In a recent keynote address to Greater Toronto REALTORS®, David Chilton of The Wealthy Barber and Dragons’ Den renown remarked on how experiential activities are more valuable to him than most of his possessions, and his comments led me to reflect on the many benefits of owning a vacation property.
Greater Toronto Area REALTORS® reported 5,984 condominium apartment transactions through the TorontoMLS system in the second quarter of 2013. This result was down by approximately six per cent in comparison to the second quarter of 2012. The number of active listings at the end of the second quarter was up year-over-year by less than 2.5 per cent, while new listings were down by slightly more than four per cent.
Greater Toronto Area REALTORS® reported 5,853 condominium apartments rented through the TorontoMLS system in the second quarter of 2013. This result was up by approximately 23 per cent in comparison to the second quarter of 2012. The number of condominium apartments listed for rent was up by over 15 per cent to 10,284.
Greater Toronto Area REALTORS® reported 3,603 residential sales through the TorontoMLS system during the first 14 days of July. This result represented a moderate increase of 2.2 per cent compared to the same period in 2012. Over the same time frame, the number of new listings entered into TorontoMLS was down by two per cent.
New beginnings at the Toronto Real Estate Board, Dianne Usher, an accomplished leader will represent Greater Toronto REALTORS® as our professional association’s President throughout the next year.
June Housing Market Charts Available
Greater Toronto Area REALTORS® reported 9,061 sales through the TorontoMLS system in June 2013 – down by less than one per cent compared to June 2012. Over the same period, new listings were down by a greater rate than sales, suggesting market conditions became tighter.
Toronto Real Estate Board Commercial Division Members reported over 5.1 million square feet of industrial, commercial/retail and office space leased through the TorontoMLS system in the second quarter of 2013. This result, which was down by seven per cent on a year-over-year basis, included approximately 3.9 million square feet of industrial space, accounting for slightly more than threequarters of total leasing activity in the quarter.
Feeling there was a void of recognition for the great cityscape that the commercial building industry has afforded the GTA, Greater Toronto REALTORS® established the Toronto Real Estate Board (TREB) Commercial Building Awards last year.
Greater Toronto Area REALTORS® reported 4,620 sales through the TorontoMLS system during the first two weeks of June 2013. This result was up by 4.7 per cent compared to the first two weeks of June 2012. Year-over-year sales growth was driven by the regions/counties surrounding the City of Toronto. Home sales in the City were basically flat in comparison to last year.
With the City of Toronto’s Executive Committee expected to review a City staff report on options for phasing out the Toronto Land Transfer Tax in coming weeks, a new poll is showing strong public support for eliminating this tax.
Media representatives are invited to attend the Toronto Real Estate Board’s Civic Working Together Luncheon/Gathering For Giving Luncheon on Friday, June 14, 2013 at Sheraton Hotel, Toronto.
May Housing Market Charts Available
Everyday all over our city Greater Toronto REALTORS® are not only guiding people through the home buying and selling process, they’re contributing to the quality of life for which our city is internationally known.
Greater Toronto Area REALTORS® reported 4,476 transactions through the TorontoMLS system during the first 14 days of May. This result represented a decline of 9.7 per cent compared to the same period in 2012. Sales declines were larger for the City of Toronto, at 11.4 per cent, versus the surrounding regions where sales were down by 8.6 per cent year-over-year.
Regardless of the sector in which you work, we probably agree that staying at the top of one’s game demands dedication to ongoing professional development. This is particularly true for REALTORS®, who work amid evolving regulatory requirements and technology advancements to represent your interests in one of life’s most significant transactions.
April Housing Market Charts Available
Greater Toronto Area REALTORS® reported 9,811 sales through the TorontoMLS system in April 2013, representing a dip of two per cent in comparison to 10,021 transactions in April 2012. Both new listings during the month and active listings at the end of April were up on a year-over-year basis.
Toronto Real Estate Board (TREB) Commercial Division Members reported 628,624 square feet of leased space in April 2013 – a 7.3 per cent year-over-year decline in comparison to 678,004 square feet leased in April 2012.
If you have ever undertaken a home improvement project, like painting or floor refinishing, you know that preparation is the key to a successful outcome. The same applies to selling your home. It has been said, in fact, that a well-listed house is a house that is half sold.
On April 15, the Competition Tribunal announced that it has dismissed an Application initiated by the Commissioner of Competition against the Toronto Real Estate Board (TREB), and ordered costs payable by the Commissioner of Competition to TREB.
Greater Toronto REALTORS® reported 4,260 sales through the TorontoMLS system during the first 14 days of April, representing a slight dip of less than one per cent compared to the same period in 2012. The reported sales figure did benefit from one extra working day compared to last year, because Good Friday in 2012 fell in April.
Greater Toronto Area REALTORS® reported a substantial increase in the number of condominium apartments rented through the TorontoMLS system in the first quarter of 2013. There were 4,277 condominium apartments rented – up by almost 13 per cent on a year-over-year basis.
Greater Toronto Area REALTORS® reported 4,133 condominium apartment sales through the TorontoMLS system during the first quarter of 2013. This result was down by approximately 17 per cent in comparison to the first quarter of 2012.
Sales through the TorontoMLS system covering the Greater Toronto Area were down 17 per cent year-over-year in March with 7,765 transactions compared to 9,385 in March 2012. It is important to note however, that unlike last year, this March included a statutory holiday.
March Housing Market Charts Available
Greater Toronto Area REALTORS® reported 7,765 transactions through the TorontoMLS system in March 2013 – down 17 per cent compared to 9,385 transactions in March 2012. While the year-over-year dip in March sales followed the trend that has unfolded since mid-way through 2012, it is also important to note that the Good Friday holiday was in March this year versus April in 2012. Generally speaking, there are fewer sales reported on statutory holidays and weekends.
Toronto Real Estate Board Commercial Division Members reported 4,547,945 square feet of space leased through the TorontoMLS system in the first quarter of 2013. This represented a decrease of 4.5 per cent in comparison to Q1 2012. Leased industrial space – the key market segment for TorontoMLS leasing – amounted to 3,563,287 square feet, or 78 per cent of total leased space in Q1.
The ancient Chinese philosopher Confucius once said, “Choose a job you love, and you will never have to work a day in your life” and for the men and women who have built careers guiding you through one of life’s most important transactions, truer words were never spoken.
In light of a proposal to cap the Toronto Land Transfer Tax, being considered by the City of Toronto’s Executive Committee today, the Toronto Real Estate Board (TREB) is restating its strong belief that this tax should be phased-out.
Greater Toronto Area REALTORS® reported 3,594 transactions through the TorontoMLS system during the first 14 days of March 2013 – down 11.5 per cent compared to the same period last year. The number of new listings was up by less than two per cent.
Perhaps you are feeling insecure about your knowledge of the financial implications of homeownership.
Homes are a major asset, and for most Canadians, represent the single largest financial investment of their lives - and most buyers must finance their purchase using some form of credit. While homeownership can be a significant source of equity over the long term, Canadians need to remain vigilant about their finances at this critical decision point in their lives.
Homes are a major asset, and for most Canadians, represent the single largest financial investment of their lives - and most buyers must finance their purchase using some form of credit. While homeownership can be a significant source of equity over the long term, Canadians need to remain vigilant about their finances at this critical decision point in their lives.
February Housing Market Charts Available
Greater Toronto Area (GTA) REALTORS® reported 5,759 sales through the TorontoMLS system in February 2013 – a decline of 15 per cent in comparison to February 2012. It should be noted that 2012 was a leap year with one extra day in February. A 28 day year-over-year sales comparison resulted in a lesser decline of 10.5 per cent.
Toronto Real Estate Board (TREB) Commercial Division Members reported 460,884 total square feet of leased space through the TorontoMLS system in February (based on lease transactions for which pricing was disclosed). This result represented a year-over-year increase of 16 per cent in comparison to February 2012.
Greater Toronto Area REALTORS® reported 2,823 sales through the TorontoMLS system during the first 14 days of February. This result represented a decline of 8.3 per cent compared to the same period in 2012.
On behalf of it’s over 36,000 REALTOR® Members, the Toronto Real Estate Board (TREB) congratulates Councillor Frank Di Giorgio on his appointment as Chair of the City of Toronto’s Budget Committee. TREB looks forward to working with Councillor Di Giorgio in this critical position as he moves the City’s agenda forward, especially with regard to fulfilling Mayor Ford’s strong commitment to begin phasing out the Land Transfer Tax.
It’s a rite of spring throughout the Greater Toronto Area: Each year as the snow recedes, an abundant variety of for sale signs pop up on front lawns like crocus, daffodils and tulips. Last month alone, 4375 homes changed hands in the GTA and as we move closer to spring that number will very likely increase.
Janaury Housing Market Charts Available
Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline compared to 4,432 transactions reported in January 2012.
Toronto Real Estate Board (TREB) Commercial Division Members reported almost 392,000 square feet of leased industrial, commercial/retail and office space through the TorontoMLS system in January of 2013. This result, for properties sold on a per square foot net basis and for which pricing was disclosed at time of reporting, was down by approximately 15 per cent in comparison to January 2012.
According to the Toronto Real Estate Board (TREB), over 4,375 homes sold within the GTA in the month of January 2013 which means, in the not so distant future, buyers in the city will be closing their deals and moving into their newly purchased homes. In an effort to make the moving process a little easier for the thousands of Torontonians moving each month, Toronto Hydro-Electric System Limited (Toronto Hydro) has launched My TorontoHydroTM – a new online tool to help customers manage their accounts.
You chose the right REALTOR®, the right neighbourhood, and the right home to suit your lifestyle. The terms have been negotiated, the necessary forms have been completed and all that’s left is to pack and unpack the boxes.
Greater Toronto REALTORS® reported 1,469 sales through the TorontoMLS system during the first two weeks of January 2013. This result represented an increase of 2.4 per cent over the 1,435 transactions reported during the same period in 2012.
Greater Toronto Area REALTORS® reported 3,648 rental condominium apartment transactions through the TorontoMLS system in the fourth quarter of 2012, up 13 per cent from the 3,234 transactions recorded during the same period in 2011. The number of units listed for rent at some point during the fourth quarter was up by close to 18 per cent on a year-over-year basis.
Greater Toronto REALTORS® reported 3,830 condominium apartment sales through the TorontoMLS system during the fourth quarter of 2012. This number represented a decline of 23 per cent compared to 5,005 sales during the same time period in 2011.
In study after study, when it comes to doing business, branding, reputation, and even friendliness, our country ranks among the best the world and as Torontonians, we should be proud of the contribution our city makes to Canada’s world standing.
Greater Toronto Area REALTORS® reported 3,690 sales through the TorontoMLS system in December 2012 – down from 4,585 sales in December 2011. Total sales for 2012 amounted to 85,731 – down from 89,096 transactions in 2011.
Toronto Real Estate Board (TREB) Commercial Division Members reported transactions amounting to almost 3.9 million square feet of leased space through the TorontoMLS system in the Fourth Quarter of 2012. This result was down by 30 per cent compared to the Fourth Quarter of 2011.
A moderate number of resale home transactions took place throughout the Greater Toronto Area (GTA) in November, with 5,793 homes changing hands. This represented a 16 per cent decrease from 6,908 sales in November 2011
Greater Toronto Area REALTORS® reported 2,169 transactions through the TorontoMLS system during the first 14 days of December 2012. This number of sales was down by 16 per cent in comparison to the same period in December 2011.
A moderate number of resale home transactions took place throughout the Greater Toronto Area (GTA) in November, with 5,793 homes changing hands. This represented a 16 per cent decrease from 6,908 sales in November 2011.
November Housing Market Charts Available
Greater Toronto Area REALTORS® reported 5,793 sales in November 2012 – down by 16 per cent compared to November 2011.
Toronto Real Estate Board (TREB) Commercial Division Members reported 486,656 leased square feet of industrial, commercial/retail and office space through the TorontoMLS system in November 2012. This result was down by 27 per cent in comparison to November 2011.
In light of new polling results that show strong opposition, specifically among Mississauga and other “905” region residents, to municipal land transfer taxes, REALTORS® are calling on the City of Mississauga to shelve its current consideration of a municipal land transfer tax.
Are these headlines familiar? ‘Household debts on the rise!’ or, ‘Debt hits new high!’? How about, ‘Canadians' debt soars into danger zone!’
In celebration of National Housing Day November 22nd the Toronto Real Estate Board (TREB) is teaming up with related organizations to host a symposium, highlighting positive initiatives and challenges related to affordable housing.
Greater Toronto Area REALTORS® reported 2,687 transactions through the TorontoMLS system during the first two weeks of November. This result represented a 17.5 per cent decline compared to the same period in 2011.
Greater Toronto Area REALTORS® reported 6,896 transactions through the TorontoMLS system in October 2012 – a decrease of 7.1 per cent compared to October 2011. There were two more business days in October 2012 versus October 2011. On a per business day basis, transactions were down by 15.6 per cent.
Toronto Real Estate Board (TREB) Commercial Division Members reported almost 791,000 square feet of leased commercial space in October 2012 (calculated for transactions completed on a per square foot net basis for which pricing was disclosed). This represented a 41 per cent increase compared to October 2011.
Media representatives are invited to attend the Toronto Real Estate Board’s Annual General Meeting taking place Tuesday, October 23, 2012 at the Toronto Congress Centre.
Greater Toronto Area REALTORS® reported 2,961 sales through the TorontoMLS system during the first 14 days of October 2012. The number of transactions was down by 10.5 per cent compared to the same period in 2011. New listings were up by 5.5 per cent year-over-year to 6,505.
Greater Toronto Area REALTORS® reported 4,541 condominium apartment sales through the TorontoMLS system in the third quarter of 2012. This result represented a 20.5 per cent decline in transactions compared to the third quarter of 2011. Over the same period, the number of new listings was up by more than 6.5 per cent to 11,456.
Greater Toronto Area REALTORS® reported 5,241 rental transactions involving condominium apartments through the TorontoMLS system in the third quarter of 2012. This result represented a three per cent increase compared to the third quarter of 2011. Over the same time period, the number of condominium apartments listed for rent increased by 18 per cent annually to 8,845.
A cooling trend in the Greater Toronto Area (GTA) resale housing market continued in September, with 5,879 homes changing hands. While this represents a 26 per cent decrease from the 7,422 sales that took place in September 2011, it is important to note that this year September offered two fewer working days compared to September 2011.
September Housing Market Charts Available
Greater Toronto Area (GTA) REALTORS® reported 5,879 transactions through the TorontoMLS system in September 2012. The average selling price for these transactions was $503,662, representing an increase of more than 8.5 per cent compared to last year.
Toronto Real Estate Board (TREB) Commercial Division Members reported lease transactions accounting for almost 3.5 million square feet of industrial, commercial/retail and office space during the Third Quarter of 2012. This result was down from slightly more than 3.7 million square feet leased in the Third Quarter of 2011.
From searching out the toniest new condo projects to having an ear to the ground for the latest up-and-coming neighbourhoods, Torontonians are indisputably preoccupied with real estate. And this is good for our city.
From coast to coast, most of us agree on the many benefits of home ownership. Today, more Canadians own their own home than ever before, perhaps because few investments are as hard working as real estate; it serves double duty, offering you shelter and the potential for long-term profit.
Greater Toronto Area (GTA) REALTORS® reported 2,544 transactions through the TorontoMLS system in the first 14 days of September. This result was down by 15 per cent compared to the 2,995 sales reported during the same period in 2011.
From being in the know with respect to the toniest new condo projects to having an ear to the ground on the latest up-and-coming neighbourhoods, Torontonians are indisputably preoccupied with all things real estate-related, and this fixation benefits our city on a number of fronts.
It has been said that the only constant in life is change and throughout the 38 years that I have worked as a REALTOR® I have seen many positive changes in my profession. The one of which I am most proud though, is the collective increase in Greater Toronto REALTORS’® level of professionalism.
August Housing Market Charts Available
Greater Toronto Area (GTA) REALTORS® reported 6,418 sales through the TorontoMLS system in August 2012, representing a year-over-decline of almost 12.5 per cent compared to 7,330 sales reported in August 2011. The number of new listings reported in August was down by 5.5 per cent compared to the same period in 2011.
Toronto Real Estate Board (TREB) Commercial Division Members reported 246,274 square feet of leased commercial space through the TorontoMLS system in August 2012 (calculated for transactions completed on a per square foot net basis for which pricing was disclosed). This represented a 54 per cent decline compared to August 2011.
Data from Canada’s most recent 2006 Census shows that more Canadians own their home than ever before and like many of you, Greater Toronto REALTORS® believe in the many benefits of home ownership.
Most of us agree that Toronto’s greatest strength is the people who choose to make this City their home. We can’t make Toronto a world class City by pushing people away, but that’s exactly what the Toronto Land Transfer Tax is doing. This concerns us, and it is why we launched a new web site www.LetsGetThisRightToronto.ca. Together, we can build a great city, but we need to get this right.
Resale housing activity in the Greater Toronto Area continued at a moderate pace in July, with 7,570 homes changing hands. This represents a 1.5 per cent decrease from the 7,683 sales that took place in July 2011.
Greater Toronto Area REALTORS® reported 2,857 transactions through the TorontoMLS system during the first 14 days of August 2012. This mid-month result represented a dip of 7.6 per cent in comparison to 3,091 sales reported during the same period in 2011.
July Housing Market Charts Available
It has been said that laughter is contagious and so too is goodwill toward others. It is for this reason that the Toronto Real Estate Board launched a program encouraging Greater Toronto REALTORS® to share their stories about how they’re striving to make a difference in our city.
Greater Toronto REALTORS® reported 7,570 sales in July 2012, representing a decline of 1.5 per cent compared to 7,683 sales reported in July 2011. The decline was most pronounced in the condominium apartment segment in the City of Toronto. Total sales in the rest of the Greater Toronto Area (GTA) were up compared to the same period last year.
Toronto Real Estate Board (TREB) Commercial Division Members reported almost 440,000 square feet of leased commercial space through the TorontoMLS system in July 2012. This represented a 33 per cent decline compared to July 2011.
Greater Toronto REALTORS® reported 3,679 sales through the first 14 days of July 2012, representing a 5.6 per cent increase compared to the 3,484 sales reported for the same period in 2011. New listings were up by 14.4 per cent over the same time frame.
Greater Toronto REALTORS reported 6,435 condominium apartment transactions during the second quarter of 2012 down by 2.6 per cent compared to 6,609 transactions reported in the second quarter of 2011. New listings for condominium apartments were up substantially on a year-over-year basis, climbing by 19 per cent in comparison to 2011.
Greater Toronto REALTORS. reported 4,771 leased condominium apartments through the TorontoMLS system in the second quarter of 2012, representing a three per cent increase over the second quarter of 2011.
Greater Toronto REALTORS® reported 9,422 home sales through the TorontoMLS system in June 2012.
The Toronto Real Estate Board serves our city’s more than 34,000 REALTORS®, and July marks the start of a new year at TREB, during which I will be serving as its President.
June Housing Market Charts Available
Greater Toronto REALTORS® reported 9,422 home sales through the TorontoMLS system in June 2012. The number of transactions was down by 5.4 per cent in comparison to June 2011. The year-over-year decline was largest in the City of Toronto, where sales were down by 13 per cent compared to June 2011. Sales in the rest of the Toronto Real Estate Board (TREB) market area were comparable to a year ago.
Toronto Real Estate Board (TREB) Commercial Division Members reported almost 3.5 million square feet of total leased space in the second quarter of 2012. This figure represented a decline of 22 per cent compared to 4.4 million leased square feet in Q2 2011.
The Honourable Jim Flaherty, Minister of Finance recently announced that he was making further changes to mortgage lending guidelines related to government-backed insured mortgages (i.e. loans subject to mortgage insurance offered by the Canada Mortgage and Housing Corporation or their private sector competitors).
May was another active month for resale housing transactions throughout the Greater Toronto Area. But, even more importantly, May will likely turn out to be the turning point for the listings situation (i.e. lack of thereof) that has been such a big story in the GTA housing market over the past year.
Greater Toronto REALTORS® reported 4,597 sales through the first 14 days of June – a result that was on par with the strong sales activity reported in the June 2011 mid-month release.
A new and concerning public opinion poll shows a significant number of Toronto residents planning to leave the City when they move.
With new polls showing the highest published public approval rating for Mayor Rob Ford, this year, and overwhelming support for repeal of the Toronto Land Transfer Tax, REALTORS® are indicating that they believe that Mayor Ford is accurately representing the public’s views with regard to the repeal of the Toronto Land Transfer Tax.
According to a new massive ward-by-ward poll of almost 9,500 Toronto residents, conducted by Ekos Research, 86 per cent of City wards (38 of 44) want to see the Toronto Land Transfer Tax repealed.
May Housing Market Charts Available
Greater Toronto REALTORS® reported 10,850 transactions through the TorontoMLS System in May 2012 – an 11 per cent increase over the 9,766 sales in May 2011. Sales growth was strongest in the ‘905’ regions surrounding the City of Toronto.
Toronto Real Estate Board Commercial Division Members leased a total of 548,608 square feet of commercial space in May 2012, representing a 44 per cent dip from 982,311 square feet of space leased in May 2011.
In light of new, concerning, public opinion polling results that show significant numbers of Toronto residents planning to leave the City when they move, Toronto REALTORS® are launching a multi-faceted campaign, including a new web site (www.LetsGetThisRightToronto.ca), advertising, social media, and other tools, to help Torontonians tell City Council that they want the Toronto Land Transfer Tax repealed, so that Toronto can reach its full potential as a world class City.
Land Transfer Tax Poll Results Released Ahead of Important Announcement by Toronto Real Estate Board
Ahead of an important announcement to be made on Monday June 4th, by the Toronto Real Estate Board (TREB), regarding efforts on the City’s Land Transfer Tax, Toronto’s REALTORS® are releasing results of public opinion polling that shows, among other results, a strong majority of Torontonians, 66 percent, support plans to repeal the Toronto Land Transfer Tax.
Canada has received high marks in a number of studies conducted by various international consulting firms that include Forbes, FutureBrand and Reputation Institute.
One aspect of being a REALTOR® that never ceases to inspire me is the window I’m given into my clients’ hopes, challenges and interests. Throughout the years I’ve collected a wealth of knowledge on various cultures, causes and pastimes. Like you, Greater Toronto REALTORS® lead lives that are far from one-dimensional.
Recently there has been coverage in the media regarding the Toronto Real Estate Board (TREB) and its fight to protect consumers in the dispute with the Canadian Competition Bureau. However there are a few points that continue to cause confusion, and should be clarified.
Greater Toronto REALTORS® reported 5,142 transactions through the TorontoMLS System during the first 14 days of May 2012. This result was up by more than 14.5 per cent in comparison to the first 14 days of May 2011. The number of new listings continued to grow at a slower pace than sales – up 13 per cent year-over-year to 8,749.
As current President of The Toronto Real Estate Board, it was an honour to present, on behalf of all Greater Toronto REALTORS®, a family with the key to their new home at a Habitat for Humanity Toronto dedication ceremony held April 24.
April Housing Market Charts Available
Greater Toronto REALTORS® reported 10,350 transactions through the TorontoMLS System in April 2012. This level of sales was 18 per cent higher than the 8,778 firm deals reported in April 2011. The strongest sales growth was reported in the single-detached market segment, with transactions of this home type up by 22 per cent compared to a year ago.
Toronto Real Estate Board Commercial Division Members leased a total of 675,474 square feet of commercial space in April 2012, representing a decline of 20 per cent in comparison to April 2011. Approximately 91 per cent (612,132 square feet) of April leasing activity was accounted for by industrial space – down by 17 per cent compared to a year earlier.
Data from Canada’s most recent 2006 Census shows that more Canadians own their home than ever before and like many of you, Greater Toronto REALTORS® believe in the many benefits of home ownership.
Greater Toronto REALTORS® reported 4,557 transactions through the TorontoMLS system during the first two weeks of April 2012. This result represented an increase of almost seven per cent in comparison to the same period in April 2011.
Greater Toronto REALTORS® reported 5,027 condominium apartment transactions in the first quarter of 2012. This result was up by two per cent in comparison to the first quarter of 2011. Over the same period, the number of new listings of condominium apartments was up by 14 per cent.
Greater Toronto REALTORS® reported 3,804 leased condominium apartment transactions in the first quarter of 2012, up 11 per cent from the 3,442 units rented during the first three months of 2011. The number of condominium apartments listed for rent on the TorontoMLS system during the first quarter was also up, but by a lesser four per cent to 7,096 units.
March Housing Market Charts Available
Greater Toronto REALTORS® reported 9,690 sales through the TorontoMLS System in March 2012. This result was up by almost eight per cent in comparison to the 8,986 deals reported during the same period in 2011.
Toronto Real Estate Board (TREB) Commercial Division Members leased almost 3.1 million square feet of commercial space through the TorontoMLS system in the first quarter of 2012. This result represented a ten per cent decline compared to the first quarter of 2011.
Greater Toronto REALTORS® along with elected representatives from the federal government and the City of Toronto will join forces April 5, 2012 to make the dream of home ownership a reality for another local family.
Greater Toronto REALTORS® will be joined by Ward 35 City of Toronto Councillor Michelle Berardinetti March 30th as they work to make the dream of home ownership a reality for another local family.
One aspect of being a REALTOR® that never ceases to amaze me, even after more than 30 years, is that there are always new things to learn about the profession and the subject of homeownership in general.
During the first 14 days of March, Greater Toronto REALTORS® reported 4,215 transactions through the TorontoMLS system, representing a seven per cent increase compared to the same period in 2011. The number of new listings was down by two per cent year-over-year to 6,970.
As you may have heard, the Competition Bureau is taking action that would force the Toronto Real Estate Board to abandon the safeguards in the MLS® System and make personal information freely available on the Internet, such as personal financial information including mortgage details and much more.
Today, the Toronto Real Estate Board (TREB) released the results of an Angus Reid Vision Critical poll. The vast majority of Ontarians clearly expressed their opposition to abandoning the privacy safeguards of the current MLS® System.
February Housing Market Charts Available
Greater Toronto REALTORS® reported 7,032 sales in February 2012 – up 16 per cent compared to February 2011. New listings were also up over the same period, but by a lesser 11 per cent to 12,684.
Toronto Real Estate Board Commercial Division Members reported 401,168 square feet of total leased commercial space in February 2012. This result was down by 20 per cent in comparison to February 2011. Industrial space accounted for 71 per cent of total square footage leased, or 285,058 square feet – down almost 27 per cent compared to February 2011.
A colleague and I recently had a discussion that I would like to share with you about a phenomenon she refers to as “HGTV syndrome”. It causes Buyers to assume that most properties are fitted with the spectacular finishings seen on so many of today’s popular home makeover shows.
Toronto’s REALTORS® are calling on Toronto City Council to find fair ways to fund improvements to Toronto’s public transit system, and not rely on the Toronto Land Transfer Tax. REALTORS® are responding to recently reported City Councillor statements that indicated that the Toronto Land Transfer Tax should be used to fund transit projects.
As we start to see February come to an end, I would like to take a snap shot look at the resale housing market this year so far.
As President of the Toronto Real Estate Board I’m excited to announce to you the consumer that a new system to measure and provide clarity on home prices and home price growth was launched on February 6th.
Greater Toronto REALTORS® reported 3,206 sales through the TorontoMLS® system through the first 14 days of February 2012 – up by more than nine per cent compared to the 2,933 sales reported during the same period in 2011. New listings were up by 13 per cent over the same period.
In recent months Canada has received high marks in a number of studies conducted by various international consulting firms that include Forbes, FutureBrand and Reputation Institute.
The Toronto Real Estate Board (TREB), Canadian Real Estate Association (CREA) and four other major real estate boards across Canada have developed a new system to measure and provide clarity on home prices and home price growth: the MLS® Home Price Index (MLS® HPI).
January Housing Market Charts Available
On Monday February 6th, 2012, The Toronto Real Estate Board (TREB), in conjunction with the Canadian Real Estate Association (CREA), Fraser Valley Real Estate Board (FVREB), Greater Vancouver Real Estate Board (GVREB) Calgary Real Estate Board (CREB) and the Greater Montreal Real Estate Board (GMREB) will launch a new system to measure home prices and home price growth: the MLS® Home Price Index (MLS® HPI).
Greater Toronto REALTORS® reported 4,567 sales through the TorontoMLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home types in the regions surrounding the City of Toronto.
Toronto Real Estate Board Commercial Division Members reported 464,008 square feet of total leased commercial space in January 2012. This result was down by 41 per cent in comparison to January 2011. Industrial space accounted for 86 per cent of total square footage leased, or 397,649 square feet – down 46 per cent compared to January 2011.
I’m excited to share with you, a recent reporting addition to TREB’s monthly housing market statistics report.
Starting with its November 2011 Market Watch publication, the Toronto Real Estate Board (TREB) has been publishing a new Months of Inventory (MOI) indicator. MOI shows how long, on average*, it would take to sell all actively listed homes assuming the level of sales remained the same and no additional homes were listed.
Greater Toronto REALTORS® reported the leasing of 4,664 condominium apartments during the September to December 2011 period – up two per cent from the 4,563 units leased during the same time-frame in 2010. While the number of transactions was up, the number of apartments listed for rent through TorontoMLS during the last four months of 2011 dropped by seven per cent compared to the same period in 2010.
Greater Toronto REALTORS® reported 5,025 condominium apartment transactions in the Fourth Quarter of 2011. This result was up 10.5 per cent in comparison to the Fourth Quarter of 2010. Over 70 per cent of total transactions occurred in the City of Toronto, with Peel Region (including Mississauga City Centre) accounting for the second highest share of sales.
Greater Toronto REALTORS® reported 1,506 sales through the TorontoMLS® system during the first two weeks of January 2012. This result represented a six per cent increase compared to the first 14 days of January 2011. New listings were also up on a year-over-year basis, but by a lesser 3.7 per
Each January many of us set goals for the year ahead, taking into account household finances and broader economic circumstances. One key yardstick of our nation’s economy is the real estate market, which in Toronto came to a strong finish in 2011, making it the second best year on record with 89,347 transactions, up four per cent in comparison to 2010’s 86,170 sales.
December Housing Market Charts Available
Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010.
Toronto Real Estate Board (TREB) Commercial Division Members leased over 3.6 million square feet of commercial space through the TorontoMLS® system in the fourth quarter of 2011, representing a small 3.5 per cent decline compared to the fourth quarter of 2010.
Greater Toronto REALTORS® reported 2,699 transactions through the TorontoMLS® system during the first 14 days of December. This result was 11 per cent above the number of transactions recorded during the same period in 2010. On a year-to-date basis, sales amounted to 87,407 – up 4.3 per cent compared to 2010.
REALTORS® are applauding Mayor Rob Ford for re-affirming his commitment to repeal the Toronto Land Transfer Tax beginning in 2012, as reported by CP24.
In hopes of avoiding sounding like a broken record, but rather helping to be a constant reminder of how important it is, not just during this time of year, but all year to give back, and help those less fortunate.
The GTA REALTOR® community has sponsored a number of worthy organizations throughout the years that helps build solid foundations with homes and communities.
The GTA REALTOR® community has sponsored a number of worthy organizations throughout the years that helps build solid foundations with homes and communities.
November Housing Market Charts Available
Greater Toronto REALTORS® reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year.
Toronto Real Estate Board Commercial Division Members leased 574,499 square feet of industrial space through the TorontoMLS system in November 2011. This result represented a small decline of two per cent compared to the November 2010 figure of 587,274 square feet. Over three quarters of the total leased space was accounted for by industrial properties.
REALTORS® will be making a presentation on Wednesday December 7 to the City of Toronto’s Budget Committee, and will be providing City Council with results of a recent poll showing that, even after recent difficult debates on the future of City services, Torontonians continue to want fiscal reform at City Hall, including the repeal of the Toronto Land Transfer Tax and concessions from the City’s unions.
Greater Toronto REALTORS® are being joined by local politicians in making the dream of home ownership a reality for one local family.
Almost every year, I head south in November to spend some time with REALTORS® from all over the world at the National Association of REALTORS® Conference. It is a great way to find out what is new and happening in terms of technology and get an idea of the upcoming issues for the real estate community.
Greater Toronto REALTORS® are celebrating the start of this holiday season by helping to make the dream of home ownership a reality for one local family.
Toronto Real Estate Board GTA REALTOR® Members now have the opportunity to enhance the portfolio of services they currently offer their consumer clients to include a Virtual Office Website (VOW).
Greater Toronto REALTORS® reported 3,379 transactions through the TorontoMLS® during the first two weeks of November. This result represented more than a 13 per cent increase compared to November 2010. New listings were up 16 per cent over the same period.
October Housing Market Charts Available
The Toronto Real Estate Board (TREB) was pleased by the decision of the Competition Tribunal of Canada to allow an application by The Canadian Real Estate Association (CREA) to participate in the Competition Commissioner's application to the Tribunal. In doing so, the Tribunal rejected the position of the Competition Commissioner, who sought to have CREA barred from participating in the proceedings.
Greater Toronto REALTORS® reported 7,642 home sales through the TorontoMLS® in October 2011. This represented an increase of 17.5 per cent compared to the 6,504 transactions reported in October 2010.
Toronto Real Estate Board Commercial Division Members reported a combined 445,501 square feet of leased industrial, commercial and office space through the TorontoMLS® system in October 2011 - down by a third compared to October 2010. Of the total space leased, industrial property types accounted for 371,755 square feet - down 31 per cent compared to October 2010.
If you are considering the purchase of your first home you're probably aware that like many of life's milestones, there are many things you must consider.
Understanding conditions in the real estate market is a good first step. Current conditions in the Greater Toronto Area resale market remain quite favourable for people looking to take the first step onto the property ladder.
Understanding conditions in the real estate market is a good first step. Current conditions in the Greater Toronto Area resale market remain quite favourable for people looking to take the first step onto the property ladder.
Greater Toronto REALTORS® reported 5,770 condominium apartment transactions through the TorontoMLS® system in the third quarter of 2011, representing a 24 per cent increase over the same period in 2010. The average selling price increased by almost nine per cent to $333,352.
I recently read an article, in a Toronto news paper, that got me thinking about the experiences of home buyers purchasing newly built condominiums. The article detailed home buyers who had bought a newly constructed condominium, from floor plans, but, unfortunately, once the unit was built, they were disappointed when they realized that one window looked at a brick wall, the floor was laminate and the balcony was “more of a ledge.” This article is a good reminder that there is a lot to consider when deciding to buy a newly built condominium.
An advanced new interface to help Greater Toronto REALTORS® gather information for their clients will be unveiled at the Toronto Real Estate Board's Annual General Meeting October 20th.
Greater Toronto REALTORS® reported 3,477 transactions through the TorontoMLS® system during the first 14 days of October 2011. This total represented a 20 per cent increase over 2,890 sales reported during the first two weeks of October 2010. Year-over-year growth in new listings for the same period was slightly stronger than that recorded for sales - up 21 per cent to 6,249.
As the nights get cooler, we all have a number of autumn traditions to look forward to like Thanksgiving, Halloween and fall fairs. One tradition that has been part of the real estate community since 1986 is the Toronto Real Estate Board’s 25 & 50 Year Member Dinner. It celebrates Members’ many years of service to Greater Toronto Area (GTA) homebuyers and sellers.
In a letter to Mayor Ford and City Councillors, the Toronto Real Estate Board is reminding City Council that the Toronto Land Transfer Tax is an unpredictable revenue stream, and that the only fair solution to the City's financial challenges is a combination of responsible fiscal management and fair revenues, like property taxes and user fees.
When home buyers are shopping for a home, they often consider its future potential in addition to its current condition. So, the need for renovations and upgrades, either out of necessity or desire, are often factored into their buying decisions. Frankly, this is a good thing because home renovations help to create jobs and generate tax revenue for the government, worthy goals that REALTORS® are calling on provincial politicians to support and encourage with a rebate for homeowners who undertake renovations.
REALTORS® are calling on provincial politicians to support a provincial rebate for all homeowners who undertake renovations.
September Housing Market Charts Available
Greater Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September - a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010.
Toronto Real Estate Board (TREB) Commercial Division Members leased almost 3.6 million square feet of commercial space through the TorontoMLS® system in the third quarter of 2011, representing a decline of almost 50 per cent in comparison to almost 6.6 million square feet leased during the same period in 2010.
If you are a regular reader of this column, you will know that REALTORS® are no fans of land transfer taxes, which are paid by home buyers when they purchase a home. We strongly believe that home ownership is something that all levels of government should be encouraging, not discouraging with punitive taxes directly targeted at home buying. That's why we are calling for governments to re-think where they stand on these taxes.
Unfortunately, summer is quickly coming to an end and before we know it, the cooler weather will be here. While we can't do anything to stop the cold weather from arriving, we can make sure that our homes are ready for it by making them as energy efficient as possible, but, as many homebuyers and owners know, doing so can be costly.
With a provincial election approaching, REALTORS® are calling on all provincial political parties to commit to reviving provincial rebates for homeowners who make energy efficiency upgrades to homes.
Hundreds of Toronto Real Estate Board Members will be celebrated today for their many years of service to Greater Toronto Area homebuyers and sellers.
REALTORS® are following-up on their presentation to the City's Executive Committee, earlier this week, by providing additional information on why they believe that the Toronto Land Transfer Tax is not part of the solution to the City's financial challenges.
With the City of Toronto's Executive Committee meeting today to consider options for getting the City's finances in order, REALTORS® are joining Torontonians in saying no to the status quo at City Hall.
Greater Toronto REALTORS® reported 6,933 apartment lease transactions through the TorontoMLS® system in the May through August 2011 period. This represented an 11 per cent increase compared to the same period in 2010. The number of units listed during the period was also up, but by a lesser rate of four per cent compared to 2010.
Greater Toronto REALTORS® reported 3,149 transactions during the first 14 days of September, representing an increase of more than 25 per cent in comparison to the first two weeks of September 2010. New listings over the same period, at 6,890, were up by 14 per cent compared to last year.
Next week is an important time for our City and for property buyers. Some key City of Toronto Councillors will be making decisions on how to get the City's finances in order so that City Hall can live within its means. What they decide can directly impact your property buying decisions because their actions may be an important step towards keeping Mayor Ford's promise to repeal the Toronto Land Transfer Tax, which costs the average Toronto home buyer a whopping $6,000, up front.
Greater Toronto REALTORS® reported 7,542 sales through the TorontoMLS® system in August - a 24 per cent increase over 6,083 sales in August 2010. New listings, at 12,509, were up by 20 per cent compared to August 2010. Market conditions remained tight as sales growth outstripped growth in new listings.
Last month, TREB Commercial Members reported 561,994 square feet of leased space, down 36.7 per cent from the 887,434 leased square feet recorded in August 2010.
With Toronto City Council expected to make important decisions on City services and finances soon, REALTORS® are calling on Council to move ahead with getting the City's finances in order and repealing the Toronto Land Transfer Tax.
August Housing Market Charts Available
One of the many things I enjoy about being a REALTOR® is that there’s never a dull day. Thanks to our varied professional backgrounds and range of special interests, even after 32 years in the business, I learn something new virtually every time I chat with another GTA REALTOR® Member.
The Toronto Real Estate Board (TREB) today responded to the latest reply made by the Competition Bureau, regarding TREB's development of a Virtual Office Website (VOW) policy.
As one of the world’s most diverse cities, Toronto welcomes nearly 100,000 newcomers to Canada each year. These people have chosen Toronto to begin building a better life. A report released recently by CIBC World Markets confirmed that the reasons for embracing Toronto are well founded.
The Toronto Real Estate Board (TREB) is pleased to announce that its Board of Directors today approved a Virtual Office Website (VOW) Policy.
As President, one of my goals this year is to provide consumers with as much information as possible about the homeownership experience. After all information is key, so the more knowledge you have when it comes to making one of the largest financial decisions the better informed your decision will be.
For the first time since being challenged by the Competition Commissioner, The Toronto Real Estate Board (TREB) today was able to officially reinforce its commitment to protect consumers by filing its Response to the Amended Notice of Application to the Competition Tribunal.
After redefining its 86 Multiple Listing Service ® districts into communities and neighbourhoods, the Toronto Real Estate Board (TREB) has taken another step to offer clear, easily accessible information to consumers by unveiling a newly redesigned public website.
There were 3,214 sales through the TorontoMLS® system during the first
14 days of August, representing more than a 22.5 per cent increase compared to the same period in
August 2010. Year-to-date sales through the 14th of August were all but caught up to last year’s total –
down by half a per cent compared to 2010.
14 days of August, representing more than a 22.5 per cent increase compared to the same period in
August 2010. Year-to-date sales through the 14th of August were all but caught up to last year’s total –
down by half a per cent compared to 2010.
If you’re considering the purchase of your next home, you already know that a number of considerations are involved in the decision making process like schools, transportation and local amenities. Often though, the factors that you can’t see are the ones that require the most attention.
July Housing Market Charts Available
Greater Toronto REALTORS® reported 7,922 transactions through the TorontoMLS® system in July 2011, representing a 23 per cent increase over July 2010. Total sales through the first seven months of this year amounted to 55,863 – down by 1.3 per cent compared to the same period in 2010. After adjusting for seasonal fluctuations, the July figure continued to point to an annual sales result close to 90,000 – in line with results from the previous six months.
Living in Toronto and renovating homes seem to go hand in hand. One of the major ways we build equity in our homes is by adding a new bathroom, kitchen or family room. Families grow, space must be maximized, and keeping parents close to work and children in their favourite schools often means, "Honey, It is time to renovate...again!"
During the first 14 days of July, Greater Toronto REALTORS® reported an increase in sales and the average selling price compared to the first two weeks of July 2010. The number of sales through the TorontoMLS® system was up 35 per cent to 3,609, compared to 2,672 last year.
The Toronto Real Estate Board (TREB) today responded to more legal and publicity manoeuvres by the Commissioner of the Competition Bureau.
I am excited to begin my term as President of the Toronto Real Estate Board, and so for my first column I would like to take the opportunity to discuss with you the issue of home ownership.
Greater Toronto REALTORS® reported 10,230 home sales through the TorontoMLS® system in June 2011 – up 21 per cent compared to June 2010. This number represented the third best June result on record behind 2007 and 2009. The number of transactions during the first six months of 2011 amounted to 48,189 – down by 4.5 per cent compared to the first half of 2010.
In June, TREB Commercial Members reported 537,793 square feet of leased space – a 46 per cent decline from the 1,004,651 leased square feet recorded in June 2010
The Toronto Real Estate Board will play host to the Ontario REALTORS Care Foundation's annual Motorcycle Ride for Charity July 13th to 15th as it sets out to reach a key milestone this year. See details.
Source: http://www.trebhome.com/market_news/release_market_updates/news.htm
