A Look Back at the 2022 GTA Housing Market
Posted on Jan 12, 2023
Home Sales and Listings Down While Selling Price and Rent Up
TORONTO, ONTARIO, January 5, 2023 – The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a lack of housing supply were exacerbated by sustained interest rate hikes by the Ban...
Interest Rate Hikes Drive Down Home Sales & New Listings in November
Posted on Dec 08, 2022
TRREB Calls Increased Borrowing Costs
'Short-Term Shock'
TORONTO, ONTARIO, December 6, 2022 – Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same period last year, following the trend that unfolded since the commencement of intere...
New GTA Listings Down While the Average Selling Price Levels Off in October
Posted on Nov 07, 2022
TORONTO, ONTARIO, November 3, 2022 – Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 million since the late summer. GTA home sales continued to adjust to substantially higher interest rates in October 2022, both on an ann...
Supply Remains an Issue Despite Impact of Higher Mortgage Rates
Posted on Oct 06, 2022
TRREB Calls on Municipal Election Candidates to Remain Focused on Addressing Housing Affordability
TORONTO, ONTARIO, October 5, 2022 – The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44.1 per cent compared to September 2021. New li...
Borrowing Costs & Housing Supply Impacting the GTA Real Estate Market
Posted on Sep 02, 2022
TRREB Calls for Longer Amortization Periods and More Flexible Stress Test
TORONTO, ONTARIO, September 2, 2022 – There were 5,627 home sales reported through the Toronto Regional Real Estate Board’s (TRREB) MLS® System in August 2022, representing a year-over-year dip of 34.2 per cent – a lesser annual rate of decline compared to the previous four m...
GTA Home Sales & Listings Trend Downwards in July
Posted on Aug 08, 2022
TORONTO, ONTARIO, August 4, 2022 
– There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 – down by 47 per cent compared to July 2021. Following the regular seasonal trend, sales were also down compared to June. New listings also declined on a year-over-year basis in July, albeit down by...
– There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 – down by 47 per cent compared to July 2021. Following the regular seasonal trend, sales were also down compared to June. New listings also declined on a year-over-year basis in July, albeit down by...