News Releases
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Municipal Candidates Must Choose, Higher Taxes or More Homeownership
Over the past few years, governments have taken important steps to improve housing affordability. Ontario and the federal government have worked together to significantly reduce development charges and lower the harmonized sales tax (HST) on new homes. The governments took these steps largely because high housing taxes make homes less affordable and discourage new construction.…
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MLTT Relief is a Significant Step Forward for Homebuyers in Toronto
Toronto residents continue to express concern about how municipalities raise revenue, and the Municipal Land Transfer Tax (MLTT) remains a top concern. The Toronto Regional Real Estate Board (TRREB) is calling on municipal candidates to address a significant upfront cost facing homebuyers, including modernizing the outdated first-time homebuyer MLTT rebate and reducing the onerous MLTT upfront…
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New Municipal Election Poll Shows Strong Voter Support For Action on Housing Affordability in GTA and Barrie
85% of GTA and Barrie residents are concerned about housing affordability and 69% say housing will impact their vote in the upcoming municipal election Greater Toronto Area (GTA) and Barrie residents are signalling strong intentions to vote in the upcoming municipal election, and housing affordability is a defining issue at the ballot box, according to new…
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A Noticeable Dip in GTA Home Sales and Listings, Pointing to Renewed Price Growth
The number of homes available for sale in August 2026 was down noticeably compared to last year in the Greater Toronto Area (GTA). Following this trend, home sales also edged lower, as the number of transactions was arguably limited by less choice in some neighbourhoods. Less choice and more competition between buyers could ultimately result…
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GTA Housing Market Tightens in July and Sets the Stage for Price Stability
Greater Toronto Area (GTA) resale housing market conditions tightened in July 2026 compared the same month a year earlier. Home sales edged slightly lower over that period, while new listings were down substantially. This suggests that active homebuyers faced more competition from other potential purchasers. If this trend continues, average selling prices could level off…
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TRREB Releases Final Your Voice, Our Future Report: Outlines Actions to Strengthen Transparency and Member Engagement
The Toronto Regional Real Estate Board (TRREB) has released the What We Heard Report outlining key findings from the comprehensive Your Voice, Our Future initiative launched last fall, consulting TRREB’s nearly 70,000 Members, using polls, focus groups and town halls to gather their opinions about the Board. Throughout the campaign, Members shared their experiences and perspectives, reinforced the importance…
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Market Gains Traction with Strong Home Sales in June and First Half of the Year
Greater Toronto Area (GTA) housing market conditions continued to improve in June, with sales growing quite strongly year-over-year while new listings declined over the same period. For the first half of 2026, sales have also edged higher compared to the first six months of 2025, with new listings down substantially. “After a slow start in…
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TRREB Supports Post-Secondary Students With Six Scholarship Awards
Six deserving students joined the Toronto Regional Real Estate Board’s (TRREB) growing list of Past President’s Scholarship winners. The winners are all high school students pursuing post-secondary education. Each student was selected based on a compelling essay centred on issues impacting today’s real estate landscape for a chance at two $5,000 first-place awards, two $2,500…
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TRREB Welcomes Ontario Government’s $1.5 Billion Funding for Significant Development Charges Reduction in the City of Toronto
The Toronto Regional Real Estate Board (TRREB) welcomes the Ontario government’s announcement to provide the City of Toronto with $1.5 billion to facilitate a 40 to 60 per cent reduction in development charges in the city. This is a major step, and the type of leadership needed to lower housing costs, improve project viability, accelerate…
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TRREB Urges GTA Municipalities and Regions to Apply for Development Charge Reduction Program
TRREB is calling on key municipal and regional governments across the Greater Toronto Area (GTA) and Simcoe County to apply for the Canada–Ontario Development Charges Reduction Program (DCRP) before the application deadline. Development charges can amount to up to 20 per cent of a home’s purchase price. The program gives municipalities a significant opportunity to…
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TRREB Welcomes Launch of Canada’s New National Artificial Intelligence Strategy
The Toronto Regional Real Estate Board (TRREB) welcomes the federal government’s launch of AI for All, Canada’s new national artificial intelligence strategy, and congratulates Prime Minister Mark Carney, Minister Evan Solomon, and the Government of Canada on this important announcement. Artificial intelligence is already changing how Canadians live, work, do business, and make major decisions.…
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Spring Home Sales Stronger Than Last Year
The Greater Toronto Area (GTA) resale housing market tightened in May 2026 compared to last year. Sales increased year-over-year, whereas new listings declined over the same period. As standing inventory has been absorbed, competition between buyers has likely increased in some neighbourhoods. This should see the price trend flatten and ultimately trend upwards in the months ahead. “Spring sales have been stronger than last year,…