Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020. This result represented a very substantial increase over the May 2020 sales result, both on an actual (+89 per cent) and seasonally adjusted basis (+84 per cent), and was only down by 1.4 per cent compared to June 2019.

Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,606 sales through TRREB’s MLS® System in May 2020. This result was down by 53.7 per cent compared to May 2019. While the number of sales was down substantially on a year-over-year basis due to the continued impact of COVID-19, the decline was less than the 67.1 per cent year-over-year decline reported for April 2020.

Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020

Ontario is planning for the next phase of responding to the coronavirus (COVID‑19) outbreak – reopening our province.

As a first step, we have developed a framework to guide our approach. This framework outlines the method and principles we will use to reopen businesses, services, and public spaces to responsibly lead Ontario’s economy back to a strong position.

The Ontario Jobs and Recovery Committee is a key part of applying this framework. The committee will consult with people and businesses to assess the economic impacts of COVID‑19, learn about their unique needs, and help guide Ontario to our “new normal.”

March 2020 - Market Report | In line with the forecast contained in the Toronto Regional Real Estate Board’s recently released Market Year in Review and Outlook Report, TRREB President Michael Collins announced a very strong year-over-year sales and price growth in February 2020.

Greater Toronto Area REALTORS® reported 7,256 residential transactions through TRREB’s MLS® System in February 2020, representing a 45.6 per cent increase compared to a 10-year sales low in February 2019. However, February 2020 sales were still below the 2017 record result. Year-over-year sales growth, for the GTA as a whole, was strongest for ground-oriented home types.

The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent.

While Canada’s economy has been operating close to potential with inflation on target, the COVID-19 virus is a material negative shock to the Canadian and global outlooks, and monetary and fiscal authorities are responding.

Market Watch | February 2020 - TRREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8 per cent compared to December 2019.

According to Sotheby’s International Realty Canada’s 2019 Year-End Top-Tier Real Estate Report, Canada’s two largest top-tier metropolitan real estate markets rallied in 2019, gaining steady traction throughout the year. After a tentative start to 2019, the Greater Toronto Area (GTA) led the country in top-tier real estate performance with consistent and confident increases in sales activity and pricing, bolstered by the region’s strong population gains, healthy economic growth and robust labour market. Vancouver overcame several years of uncertainty fostered by ongoing government and regulatory interventions to see revitalized confidence and activity in the $1 million-plus real estate market by the last half of 2019. Montreal’s luxury real estate market achieved notable milestones in its condominium sector in 2019, and the city set new records in top-tier market performance. Despite improvements in the market for real estate under $500,000, Calgary’s uneven economic performance and political turbulence dampened a top-tier market already burdened with supply; as a result, recovery continued to lag.

Market Report | December 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB's MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground oriented home types, including detached houses, led the way.

High-End Hospitality: Six Stylish Guesthouses | Whether in California, on the sugary sand in Palm Beach, or in the hills north of the historic Santa Fe Plaza, these welcoming guest houses allow visiting family and friends to unwind in style.

Market Watch | October 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB's MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types.

Sidewalk Toronto Press Release | Following yesterday’s announcement of a tentative deal with Waterfront Toronto - Last June, we submitted our proposal for Toronto’s eastern waterfront to Waterfront Toronto. The 1,524-page document reflected 18 months of work and feedback from tens of thousands of Torontonians and hundreds of public officials. 

The proposal represents our best thinking to date on the path to creating the most innovative place in the world, right here in Toronto. Our proposal was bold, but it was also a draft— subject to additional public consultations, further refinement, and government approvals. 

Market Watch | September 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,825 sales through TREB's MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well-below the record September 2016 peak of more than 9,800 sales.

2019 Top-Tier Fall Market Forcast | Emboldened consumer confidence and solid economic fundamentals in Canada’s largest housing market position the Greater Toronto Area (GTA) to lead Canadian top-tier real estate performance this fall. New data compiled by Sotheby’s International Realty Canada reveal that GTA residential real estate sales over $1 million saw bold gains over the summer months, increasing 29% year-over-year in July and August. Significant increases were experienced across every housing type as condominium, attached and single family home sales over $1 million rose 13%, 45% and 29% from 2018 levels respectively. Preliminary sales figures for the first fifteen days of September also suggest robust fall activity ahead, as overall $1 million-plus sales surged 53% year-over-year, while sales over $4 million rose 75%.

Market Watch | August 2019 | Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,711 residential sales through TREB's MLS® System in August 2019. This result represented a 13.4 per cent increase compared to 6,797 sales reported in August 2018. On a month-over- month basis, after preliminary seasonal adjustment, sales were up by 0.8 per cent.

Bank of Canada Lowers Rate Used in Mortgage Stress Tests | A key Canadian interest rate used by lenders to determine who can qualify for a mortgage has dropped for the first time in almost three years, potentially giving the country’s housing market a near-term boost.

The Bank of Canada lowered its 5-year conventional mortgage rate on Wednesday to 5.19%, from 5.34%, where it had been since May 2018. It’s the first decrease since August 2016. The rate is an indicative measure based on average price quotes from financial institutions.

Union Park | All You Need to Know - The vision is to build upon and complement Toronto’s icons with exceptional, but timeless design. Union Park will deliver the largest mixed-use development in Toronto’s history – contributing office space, community-serving retail, rental residential, public realm improvements, and a large park.

4 Top Neighbourhoods in Mississauga | Those looking to cozy up to Toronto may be won over by the lakefront lifestyle Mississauga has to offer. The sixth most populous municipality in Canada, this thriving city offers options for those looking to be near the action while also holding onto a slice of suburban life. Boasting the historic Port Credit perched on the shores of Lake Ontario, long rambling walking trails that stretch all the way to Toronto, and neighbourhoods flooded with annual festivals, Mississauga isn’t one to miss. Review these neighbourhoods in Mississauga and plan your next adventure—or your next place to put down roots.

The May Numbers are in! | Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB's MLS® System in May 2019.* While this result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, it should be noted that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300.

Renewal-Shock Concerns are Fading for Canadian Mortgage Holders | Canadian homeowners set to renew their mortgages this year can rest a little easier about having to pay higher rates.

Rates to renew a five-year mortgage aren’t much higher than they were when the mortgages were taken out, according to National Bank research. That means “no payment shock” for the 17.4% of mortgages renewing in 2019, Matthieu Arseneau, deputy chief economist at the Montreal-based bank, said by phone