News Releases
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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,…
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TRREB Welcomes Launch of Ontario–Canada Development Charges Reduction Program
The Toronto Regional Real Estate Board (TRREB) welcomed the launch of the Ontario–Canada Development Charges Reduction Program, calling it a major step toward lowering housing costs, improving project viability, and accelerating the construction of much-needed homes across the Greater Golden Horseshoe. The program is part of the broader Ontario–Canada Partnership to Build, a cost-matched commitment…
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GTA Home Sales Up While Listings Down in April
Home sales increased on a year-over-year basis in April 2026, while the supply of listings trended lower. This suggests that overall market conditions in the Greater Toronto Area (GTA) tightened during the first full month of spring. Despite tighter market conditions, selling prices edged lower on average compared to last year, as buyers continued to benefit from ample choice and…
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Federal Government Spring Economic Update and Housing
TRREB welcomes the federal government’s Spring Economic Update which continues the government’s focus on housing supply and affordability. The measures signal meaningful progress on long-standing priorities shared by homebuyers across the Greater Toronto Area and Simcoe County. Several initiatives align with TRREB and CREA advocacy goals, including increased flexibility in mortgage insurance to support missing-middle…
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TRREB Statement on Vaughan’s Reduction of Development Charges
TRREB welcomes the City of Vaughan’s decision yesterday to temporarily reduce residential development charges to zero to help accelerate housing construction and improve affordability for current and future residents. This is the type of bold municipal leadership needed to address Ontario’s housing supply crisis. Development charges are a major cost embedded in the price of…
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New TRREB Housing Report Recommends Action to Remove Remaining Roadblocks to a More Diverse Housing Supply
The Toronto Regional Real Estate Board (TRREB) today released a major new housing policy report, “Removing Roadblocks: Tackling Municipal Barriers to Housing Supply and Affordability in Ontario,” outlining the next phase of provincial housing policy reforms needed to build more of the right types of homes and improve affordability for Ontarians. The report recognizes the…
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GTA Homes Sales Up and Selling Prices Down in March
Greater Toronto Area (GTA) resale housing market conditions tightened in March 2026 in comparison to last year. Sales were up year-over-year, while new listings were down. Selling prices were lower compared to March 2025 helping with affordability moving into the spring market. “It’s encouraging to see an uptick in March home sales compared to last…
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HST Elimination for all Buyers of New Housing is a Major Step Forward
The Toronto Regional Real Estate Board (TRREB) welcomes today’s announcement from the Government of Ontario and Federal Government to extend the elimination of the 13 per cent HST from first-time buyers to now include all buyers of new homes valued up to $1.5 million. The rebate will be capped at $130,000 and reduced further for…