2022 Market Outlook: Supply is Critical

Demand in the GTA isn’t going away.  Population is set to reach new levels and increasing housing supply remains a key solution to address affordability issues.  TRREB’s highly-awaited 2022 Market Outlook & 2021 Year in Review is in its seventh year of sharing drivers and trends in the real estate market. This year’s report, The Post-Pandemic Future: Communities, Housing […]

TRREB Unveils Key Market Drivers for 2022 and January Numbers

TORONTO, ON, February 3, 2022 – The market outlook for 2022 is calling for strong home sales in the Greater Toronto Area (GTA) with the average selling price expected to hit a new record. The latest polling conducted for the Toronto Regional Real Estate Board (TRREB) by Ipsos shows detached homes are on the top of […]

Record GTA Home Sales and Average Price In 2021

TORONTO, ONTARIO, January 6, 2022 – A record 121,712 sales were reported through TRREB’s MLS® System in 2021 – up 7.7 per cent from the previous 2016 high of 113,040 and up 28 per cent compared to 2020. Record demand last year was up against a constrained supply of listings, with new listings up by 6.2 […]

GTA Home Sales Hit New November Record While Listings Drop

TRREB Calls for Action on Housing Supply Crunch TORONTO, ONTARIO, December 3, 2021 – Home sales reached a new record for the month of November, and the average selling price also reached a new all-time high. New listings were down substantially compared to last year for all market segments – further highlighting the inherent supply issue […]