Toronto Real Estate Board

Over 600,000 Square Feet Leased In May

June 17, 2009 -- TREB Commercial Members reported 644,130 square feet of space leased in May through the TorontoMLS® system, reported Commercial Council Chair Garry Lander. “While still below 2008 levels, this figure represents an improvement over the first four months of the year,” said Mr. Lander. See details.

GTA Resale Housing Sales Up 19 Per Cent in the First Half of June

June 17, 2009 -- Greater Toronto REALTORS® reported 5,185 transactions in the first half of June – an increase of 19 per cent compared to the same period last year. "Households in the GTA have become more confident in purchasing a home over the past three months," said TREB President Maureen O’Neill. "Affordability, due in part to very low borrowing costs, has played a key role." See Details.

Leased Condominium Apartment Transactions Up 38%

June 3, 2009 -- In the first four months of 2009, TREB members reported 3,945 leased condominium apartments, representing a 38% increase over the 2,854 units leased during the same period in 2008. Almost 93 per cent of all residential rental transactions on the MLS® involved condominium apartments.

Click here for complete Rental Report. pdf

GTA May Resale Housing Sales Higher Than Last Year

June 2, 2009 -- In May 2009, Greater Toronto REALTORS® reported 9,589 sales, up almost two per cent from May 2008 – the first annual increase since December 2007. The seasonally adjusted annual rate of sales in May was 81,300. See details.

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Greater Toronto Resale Housing Sales Up in First Half of May

May 20, 2009 -- Greater Toronto REALTORS® reported 4,561 transactions in the first half of May – an increase of three per cent compared to May 2008. See Details.

Greater Toronto REALTORS® report 8,107 Resales in April

May 6, 2009 -- In April 2009, Greater Toronto REALTORS® reported 8,107 sales – down seven per cent from April 2008. While April sales remained lower than last year, the resale housing market gained momentum on a month-over-month basis. The seasonally adjusted annual rate of sales in April, at 80,900, was up 26 per cent from March and up twothirds compared to January’s ten-year low. See details.

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Municipal Politicians to Discuss Taxes on Property in the GTA at Toronto Real Estate Board Conference

May 5, 2009 -- A number of prominent municipal politicians, including Mississauga Mayor Hazel McCallion, will take part in a panel discussion about municipal finances and taxes on property in the Greater Toronto Area on May 6th at the Toronto Real Estate Board’s annual REALTOR® Quest conference and trade show at Toronto Congress Centre. See details.

3,681 Transactions in First Half of April

April 17, 2009 -- Greater Toronto REALTORS® reported 3,681 transactions in the first half of April, down seven per cent compared to 3,955 during the same period last year. See details.

Leased Space Over 400,000 Square Feet in March

April 17, 2009 -- TREB Commercial Members reported 421,642 square feet of space in March according to Garry Lander, Commercial Council Chair. This compares to the 933,299 square feet recorded during March of 2008. See details.

March Resale Housing Results Bring Positive News

April 6, 2009 -- In March 2009, Greater Toronto REALTORS® reported 6,171 sales – down seven per cent from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was $362,052 – down less than five per cent from the same month last year. See details.

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TREB - Torontonians Want Toronto Land Transfer Tax Repealed: Poll

March 30, 2009 -- With Toronto City Council scheduled to debate and vote on the City’s proposed 2009 Operating Budget tomorrow, public opinion poll results, released today, show that 65 per cent of Torontonians believe that the Toronto Land Transfer Tax should be repealed. See details.

Torontonians Believe City of Toronto Not Being Run As Efficiently As Possible: Poll

March 23, 2009 -- With the City of Toronto’s Executive Committee scheduled to review the City’s proposed 2009 Operating Budget tomorrow, public opinion poll results, released today, show that 60 per cent of Torontonians, believe that the City of Toronto is not being run as efficiently as possible. See details.

472,663 Square Feet Leased In February

March 19, 2009 -- In February 2009, TREB Members reported 472,663 square feet of space through the TorontoMLS system, Commercial Council Chair Garry Lander announced today. This figure compares to the 844,348 figure recorded during the same month in 2008. See details.

2,565 Resale Housing Transactions Shows Rate Of Decline Shrinking

March 19, 2009 -- Greater Toronto REALTORS® announced 2,565 transactions in the first half of March compared to 3,183 during the same period last year. The annual rate of MLS® sales decline was the smallest in five months.. See details.

Greater Toronto REALTORS® Reported 4,120 Resale Housing Transactions in February

March 5, 2009 -- Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year. See details.

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GTA Housing Resales at 2,044 in Mid February

February 19, 2009 -- Greater Toronto REALTORS® reported 2,044 sales through the first 14 days of February, compared to 2,775 sales reported during the same period in 2008. See details.

336,029 Square Feet Leased In January

February 18, 2009 -- In January, TREB Commercial Members reported 336,029 square feet of space leased through the TorontoMLS system, down 60 per cent from the 842,475 square feet traded in January of 2008, according to Commercial Council Chair Garry Lander. See details.

REALTORS® Ask City Budget Committee To Consider Impact of Land Transfer Tax

February 18, 2009 -- With a deputation to the City of Toronto’s Budget Committee today, Toronto’s REALTORS® are asking Council to consider the impact of the Toronto Land Transfer Tax on the City’s economy. See details.

Greater Toronto REALTORS® Offer Scholarships

February 18, 2009 -- Greater Toronto REALTORS® will help alleviate the costs of a post secondary education for two graduating high school students this spring. The Toronto Real Estate Board’s third annual Past President’s Scholarship will provide two young people with $5,000 each for the next school year at a post secondary institution of their choice. See details.

REALTORS® Call for a “Home Owners’ Budget” From City

February 9, 2009 -- In advance of the release of the City of Toronto’s recommended 2009 Operating Budget tomorrow, Toronto’s REALTORS® are calling on the City to do its part for the economy by making home owners and buyers a priority in the City’s budget. See details.

2,670 Resale Housing Transactions in January

February 5, 2009 -- TREB Members reported 2,670 sales in January from the 5,075 sales reported in the first month of 2008. Of these, 1,106 transactions took place in the City of Toronto compared to 2,128 in January 2008. In the surrounding “905” area, 1,564 sales were recorded, from 2,947 last year. See details.

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Rental Transactions Increase

February 5, 2009 -- Between September 1, 2008 and December 31, 2008, Toronto Real Estate Board (TREB) Members reported 3,433 rented condominium apartments and townhouses in the Greater Toronto Area. See details.

Click here for complete Rental Report. pdf

Mid-Month January GTA Housing Resales at 888

TORONTO, January 19, 2009 -- Greater Toronto REALTORS® reported 888 sales during the first half of January compared to 1,776 in the first 15 days of 2008. “According to Statistics Canada the economic situation throughout Canada changed noticeably over the past year with job losses in the fourth quarter of 2008. Toronto is not immune to this, the GTA housing market has been impacted,” according to TREB President Maureen O’Neill. See details.

2,500 GTA Housing Resale sale in December, 74,000 in 2008

January 9, 2009 -- Toronto Real Estate Board Members reported 2,577 sales in December 2008, compared to the 4,646 recorded during the same month in 2007, and the 4,447 recorded in December 2006, TREB President Maureen O’Neill announced today. “Sales for the whole of 2008 were 74,552, compared to the 93,193 recorded in 2007, and the 83,084 recorded during 2006.” See details.

Click here for complete Market Watch. pdf

Greater Toronto REALTORS® Get Into The Spirit of Giving

TORONTO, December 24, 2008 -- This holiday season will hopefully be a little brighter for many people in the Greater Toronto Area. On behalf of its REALTOR® Members, the Toronto Real Estate Board (TREB) recently made a contribution of $320,000 to the REALTORS® Care Foundation, which provides grants to shelter-based organizations
throughout Ontario. See details.

Greater Toronto Home Resales at 1,500 in Mid December

TORONTO, December 17, 2008 -- Greater Toronto REALTORS® reported 1,487 resale transactions during the first half of December, from 2,868 sales recorded in the same period a year ago, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

Toronto Land Transfer Tax Costs City’s Economy $170 million

TORONTO, December 10, 2008 -- Supported by a study on the impact of the Toronto Land Transfer Tax, recently authored by the C.D. Howe Institute and two University of Toronto Economics Professors, Greater Toronto REALTORS® are renewing calls for this tax to be rolled back. See details.

Over 3,600 Greater Toronto Area Resale Housing Sales in November

TORONTO, December 04, 2008 -- Greater Toronto REALTORS® recorded 3,640 transactions last month, from 7,313 sales in November 2007, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

Click here for complete Market Watch.

Greater Toronto Resale Housing at 2,000 Sales in Mid-November

TORONTO, November 19, 2008 – Greater Toronto REALTORS® recorded 1,991 resale transactions during the first half of November 2008 from 3,544 sales recorded during the same period a year ago, Toronto Real Estate Board President Maureen O’Neill announced today. See details

GTA Resale Housing Market Continues to Reflect Economic Times

TORONTO, November 5, 2008 -- The Greater Toronto Area resale housing market reported 5,155 sales in October, Toronto Real Estate Board President Maureen O’Neill announced today. See details

Resale Housing Market Still Healthy, Experts Say at Toronto Real Estate Board Meeting

TORONTO, October 28, 2008 -- More than 1,100 Greater Toronto REALTORS® gathered to hear Canada’s top experts talk about the future of the housing market at the Toronto Real Estate Board’s 88th Annual General Meeting October 27th. See details

Changing GTA Resale Housing Market Reflects Economic Times

TORONTO, October 17, 2008 -- Activity in the Greater Toronto Area resale housing market moderated considerably during the first half of October with 2,700 homes changing hands, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

GTA Resale Housing Market Measured in September

October 3, 2008 -- The Greater Toronto Area resale housing market continued at a measured pace through September, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

Greater Toronto Area Resale Housing Moderate in September

September 17, 2008 -- The Greater Toronto Areaís autumn resale housing market began with moderate activity, Toronto Real Estate Board President Maureen OíNeill announced today. See details.

Leased Space Up Three Per Cent In August

Wednesday, September 10, 2008 -- In August, TREB Members reported 830,317 square feet of leased IC&I space across the GTA, up three per cent over the 806,743 figure recorded during the same month of 2007, Commercial Council Chair Garry Lander announced today. See details.

GTA Resale Housing Remains Steady Throughout Summer Months

TORONTO, September 4, 2008 --The Greater Toronto resale housing market closed out the last full month of summer at a steady pace, Toronto Real Estate Board President Maureen O’Neill reported today. The Greater Toronto Area (GTA) average price increased one per cent, to $364,886 when compared to last August’s figure of $361,890. See details.

GTA Resale Housing Remains Stable in August

TORONTO, August 19, 2008 -- The Greater Toronto Area (GTA) resale housing market remained stable throughout the first half of this month, Toronto Real Estate Board President (TREB) Maureen O’Neill announced today. See details.

Commercial Market Strong In July

TORONTO, August 13, 2008 -- TREB Members reported 1,072,321 square feet of Commercial, Industrial and Office space trading through the TorontoMLS system in July, a 21 per cent increase over the same month in 2007, Commercial Council Chair Garry Lander announced today. See details.

GTA Resale Housing Stable in July

TORONTO, August 6, 2008 -- With 7,806 transactions recorded last month, the Greater Toronto Area (GTA) resale housing market continued at a moderate pace in July, Toronto Real Estate Board (TREB) President Maureen O’Neill announced today. See details.

GTA Resale Housing Prices Up, Sales Down

TORONTO, July 17, 2008 -- Moderate activity and strong prices continued to characterize the Greater Toronto Area (GTA) resale housing market during the first half of July, Toronto Real Estate Board President Maureen O'Neill announced today. See details.

June Breaks 1,000,000 Square Foot Barrier

TORONTO, July 18, 2008 -- In June, TREB Members reported 1,017,518 square feet of space through the TorontoMLS system, Commercial Council Chair Garry Lander announced today. See details.

GTA Resale Housing More Balanced in June

TORONTO, July 4, 2008 -- The trend toward more balanced market conditions continued in June with 8,600 properties changing hands, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

GTA Resale Housing Continues Steady Pace

TORONTO, June 18, 2008 -- The Greater Toronto Area (GTA) resale housing market continued at a moderate but healthy pace throughout the first half of June, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

Take Action on Affordable Housing, GTA REALTORS® Tell City

TORONTO, June 16, 2008 --With the City of Toronto’s Affordable Housing Committee hearing input from the public about a proposed affordable housing strategy today, the Toronto Real Estate Board (TREB) is calling on the City to take action on affordable housing. See details.

Steady GTA Resale Housing Market in May

TORONTO, June 4, 2008 -- The Greater Toronto Area resale housing market recorded 9,411 transactions in May, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

GTA Resale Housing Market Moderate in May

TORONTO, May 20, 2008 -- Moderate sales and healthy price increases continued to characterize the Greater Toronto Area resale housing market during the first half of May, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

Greater Toronto REALTORS® take in Conference and Tradeshow to benefit their clients

TORONTO, May 9, 2008 -- To enhance the professional knowledge and skills they provide to the Greater Toronto Area’s home buying, selling and commercial buying and leasing public, more than 7,000 REALTORS® will come together May 12th and 13th at the Toronto Real Estate Board’s 4th annual REALTOR® Quest conference, which offers the latest information on tools and trends in the business. See details.

GTA resale housing market moderate in April, but prices up

TORONTO, May 5, 2008 -- With 8,762 houses sold in the Greater Toronto Area, April’s resale housing activity was down seven per cent from the record 9,452 transactions from the same timeframe a year ago, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

GTA resale housing market down but still healthy

TORONTO, April 17, 2008 -- The Greater Toronto Area resale housing market saw 3,955 homes change hands in the first half of April, down five per cent from the same time period last year, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

GTA Resale Housing Sales Ease in March

TORONTO, April 3, 2008 -- Low inventory levels kept the Greater Toronto Area resale housing market brisk but well off record levels last month, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

Roll-Back Land Transfer Tax Immediately, REALTORS® Tell Councillors

TORONTO, March 25, 2008 -- With the City's Executive Committee reviewing the proposed 2008 Operating Budget today, the Toronto Real Estate Board (TREB) is calling for City Councillors to immediately begin to fulfill their commitment to roll-back the Toronto Land Transfer Tax, while still keeping property tax increases in check. REALTORS'® input was presented in a detailed written submission to the Executive Committee. See details.

Toronto Real Estate Board says GTA resale housing market still down

TORONTO, March 19, 2008 -- Resale home transactions in the Greater Toronto Area continued at a moderate pace during the first half of March, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

GTA Resale Housing Down but Healthy

TORONTO, March 5, 2008 -- President Maureen O'Neill announced today, Toronto Real Estate Board Members recorded 6,015 resale home transactions last month, down 11 per cent in the Greater Toronto Area overall , 14 per cent in the City of Toronto and 9 per cent in the 905 suburbs compared to February 2007. See details.

Toronto Real Estate Board REALTORS® Offer Scholarships

TORONTO, February 28, 2008 -- As graduating high school students throughout the Greater Toronto Area plan the next step in their educational careers this spring, Toronto Real Estate Board REALTORS® will help set two promising young people along their chosen paths. See details.

Toronto Real Estate Board reports sales near 3,000 at mid-month

TORONTO, February 20, 2008 -- Resale home transactions in the Greater Toronto Area declined in the first two weeks of February, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

GTA Resale Housing Market Solid in January

TORONTO, February 5, 2008 -- January's Greater Toronto Area resale housing market came within two per cent of a record performance for the month, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

As Toronto Land Transfer Tax Takes Effect, REALTORS¨ Call On City to Give Homebuyers a Break

TORONTO, February 4, 2008 -- With the City of Toronto's new land transfer tax coming into effect last week, even as City Council considers a property tax increase, Toronto's REALTORS¨ are calling for City Council to give homebuyers a break. See details.

City Budget Can Send Important Message to Homebuyers: Toronto REALTORS¨

TORONTO, January 28, 2008 -- In light of the upcoming implementation of the City of Toronto Land Transfer Tax, Toronto's REALTORS¨ believe that City Council can send an important message to homebuyers by keeping property taxes down in the City's 2008 Operating Budget. See details.

Bright Start to the New Year

TORONTO, January 17, 2008 --The first half of January saw 1,776 resale homes in the Greater Toronto Area change hands, an 11 per cent increase over the same timeframe a year ago Toronto Real Estate Board President Maureen O’Neill announced today. See details.

Condo sales bring 2007 to a strong finish!

TORONTO, January 7, 2008 -- Brisk condo sales in December brought the 2007 Greater Toronto Area resale housing market to a strong finish, Toronto Real Estate Board President Maureen O'Neill announced today. See details.

Two New Records Set In First Two Weeks of December!

TORONTO, December 19, 2007 -- The Greater Toronto resale home market reached two new heights during the first half of this month Toronto Real Estate Board President Maureen O’Neill announced today. See details.

Toronto Real Estate Board on Track for a Record-Breaking Year!

TORONTO, December 5, 2007 -- Last month became the best November on record with 7,313 resale home transactions in the Greater Toronto Area, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

Best October ever pushes 2007 toward a strong finish

TORONTO, November 5, 2007 --Greater Toronto Area resale housing activity set a new
record for the month of October TREB President Maureen O’Neill reported today. With 7,915 transactions, activity was up 10 per cent over the previous best for the month, set in 2003. Sales were also up 15 per cent over last October. See details.

REALTORS® Disappointed that Public Opinion on Land Transfer Tax Ignored

TORONTO, October 24, 2007 -- Toronto's REALTORS® are concerned about the potential impact of the City of Toronto's recently approved second land transfer tax and disappointed that the public’s opinion of this tax was ignored. See details.

Toronto’s REALTORS® Rally to Deliver Land Transfer Tax Message: No Compromise

TORONTO,October 18,2007 -- Joined by various Toronto City Councillors, hundreds of REALTORS® rallied together today to signal their strong opposition to a second land transfer tax in any shape or form. The event, part of the Toronto Real Estate Board’s Annual General Meeting, featured a keynote address by Councillor Denzil Minnan-Wong, followed by a panel of City Councillors who have fought against the proposed land transfer tax, including Councillor Minnan-Wong, Councillor Mike Feldman, Councillor Case Ootes, Councillor Mike Del Grande and Councillor Mike Thompson. See details.

October housing activity confirms consumer confidence in real estate market

TORONTO,October 18, 2007 -- Resale housing activity substantially outpaced mid-October results from a year ago, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

Torontonians Opposed to Land Transfer Tax Despite “Fair Taxes” Campaign: Public Opinion Poll

TORONTO, October 15, 2007 -- Even after months of the “Fair Taxes” campaign by Mayor David Miller and City Councillors supporting new taxes, a solid majority of Torontonians, 62 per cent, believe that a Toronto land transfer tax is not a fair solution to the City’s financial difficulties. This was among the key findings of a public opinion poll released today. See details.

Toronto Land Transfer Tax is New Provincial Government ’s First Test on Municipal Finances: Toronto REALTORS®

TORONTO,October 11, 2007 -- With yesterday ’s election of a new provincial government,Toronto ’s REALTORS® are echoing the public ’s expectations for immediate and adequate provincial commitments to address City of Toronto finance issues. See details.

September Resale Market Shows Strength

TORONTO, October 3, 2007 -- The Greater Toronto Area resale housing market continued its strong, stable pace in September with 6,866 transactions taking place, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

Autumn Market Going Strong

TORONTO, September 19, 2007 -- With 3,236 sales so far this month, re-sale housing activity has increased 11 per cent as compared to the first half of September 2006, Toronto Real Estate Board President Maureen O’Neill announced today. See details.

Fellow Torontonians Support REALTOR® Efforts Against Land Transfer Tax

TORONTO, September 19, 2007 -- With both the City’s Budget Committee meeting and the provincial party leaders’ first debate being held tomorrow, REALTORS®, who are also proud Torontonians, are encouraged that a strong majority of their fellow Torontonians are opposed to a second land transfer tax and are calling for fair options to deal with the City’s financial situation. See details.

August sets the stage for a strong autumn market

TORONTO, September 6, 2007 – More people in the Greater Toronto Area bought resale homes last month than in any August before, Toronto Real Estate Board President Donald Bentley announced today. See details.

Torontonians deserve thoughtful and fair approach to City’s financial challenges: Toronto REALTORS®

TORONTO, August 29, 2007 -- In response to recent City of Toronto announcements regarding the City’s fiscal situation, Toronto’s REALTORS® are calling on Mayor Miller, City Councillors and provincial politicians to consider thoughtful and fair options preferred by Torontonians, instead of just new taxation or cuts to core services. See details.

August Prepares to Roar into Fall Market

TORONTO, August 17, 2007 -- Resale home transactions reached unprecedented heights in the first half of August, up 17 per cent from the same period in 2006, Toronto Real Estate Board President Donald Bentley announced today. See details.

Resale market shows strongest summer performance !

TORONTO, August 3, 2007 -- Last month, the local resale market was 26 per cent more active than during the same time in 2006, recording a July record 8,912 sales, TREB President Donald Bentley announced today. See details.

One Hot Summer!

TORONTO, July 18, 2007 -- July has started swiftly, with 3,947 sales to date, TREB President Donald Bentley announced today. This mid-month total is up 21 per cent over last July's 3,251 sales. "While it is too early to speak of a July record (currently the record is 8,084 sales recorded in 2003), this month should certainly end as one of our best summer performances," said Mr. Bentley. See details.

Deferral of Land Transfer Tax Decision is Opportunity for Sober Second Thought: Toronto REALTORS®

TORONTO, July 17, 2007 -- Toronto’s REALTORS® are encouraged that City Council has decided not to rush into a decision to double land transfer taxes, but are continuing to tell the Mayor and City Councillors that it is a bad idea that should stop now. See details.

TREB public poll – Torontonians say new taxes should wait for next election

TORONTO, July 12, 2007 -- TREB and some of its coalition partners released this public opinion poll on new city taxes today to keep the pressure on. Our www.NoHomeBuyingTax.com has been extremely active and emails from you, your clients and the public to the mayor and councillors are in the thousands and counting. Keep it up! See details.

REALTORS® launch WWW.NOHOMEBUYINGTAX.COM so public can calculate Toronto home buying tax

TORONTO, July 5, 2007 -- Toronto’s REALTORS® have launched a web site (www.nohomebuyingtax.com) to help the public calculate what the proposed Toronto land transfer tax will cost them and to easily allow the public to let Mayor Miller and City councillors know what they think.

“As REALTORS®, it’s our job to give information to the public. As soon as we tell them about the City’s proposal to charge a second and transfer tax they ask us what it will cost them and what they can do to stop this bad idea. Our new web site shows them the exact cost of the tax and allows them to easily email the Mayor and City Councillors,” said Donald Bentley, President of the Toronto Real Estate Board (TREB). See details.