The average price of a home in the Greater Toronto Area hit a new high in June according to a report released by the Toronto Regional Real Estate Board (TRREB) Monday. The average price of a GTA home was $930,869, surpassing the peak recorded in April 2017 – a time when prices in the GTA […]
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Toronto announces phase two of plan for affordable housing units
Toronto Mayor John Tory yesterday announced the next phase in the city’s plan to increase the supply of affordable housing units on city-owned lands. At a press conference at City Hall, Tory revealed details of phase two of Toronto’s Housing Now initiative, with the city aiming to build between 1,455 and 1,710 residential units. Housing […]
TRREB survey reveals changes in real estate expectations
A survey released by the Toronto Regional Real Estate Board (TRREB) yesterday shows a notable change in the expectations of sellers of Greater Toronto Area real estate and that could have implications for the market in the next year. The survey was conducted by Ipsos on behalf of TRREB between 24 April and 27 April […]
Sidewalk Labs cancels plans for Toronto’s Quayside neighbourhood
Sidewalks Labs has announced that it will no longer pursue its “Sidewalk Toronto” plans for a high-tech, smart neighbourhood in Toronto, citing the economic impact of the COVID-19 pandemic as the main factor behind the decision. The company is a subsidiary of Alphabet Inc – Google’s parent company – and was selected in 2017 by […]
COVID-19 impacts April real estate numbers in GTA
There was a dramatic reduction in the number of home sales and new listings in April as the COVID-19 pandemic and subsequent lockdown started to impact the real estate market. According to a report released by the Toronto Regional Real Estate Board (TRREB) today, there were 2,975 home sales in the Greater Toronto Area in […]
TRREB announces mid-April real estate results for GTA
The Toronto Regional real Estate Board (TRREB) today announced the results of real estate activity in the Greater Toronto Area for the first half of April, providing a vital insight into the impacts of the COVID-19 pandemic. In a break from the standard procedure of only reporting results at the end of the calendar month, […]
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