REAL ESTATE NEWS
January Housing Market Charts Available
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 5,188 residential transactions through TREB's MLS® System in January 2017. This result was up by 11.8 per cent compared to 4,640 sales reported in January 2016.
Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported 345,658 square feet of combined industrial, commercial/retail and office space leased through the TREB MLS® System, on a per square foot net basis with pricing disclosed, in January 2017.
The Toronto Real Estate Board will release its annual Market Year in Review & Outlook Report today at its Economic Summit being held at Toronto’s Parkview Manor.
Toronto Real Estate Board President Larry Cerqua announced that condominium apartment sales reported by Greater Toronto REALTORS® in the fourth quarter of 2016 were up by 22.3 per cent year-over-year to 6,831. Over the same period of time, new listings were down by 13.4 per cent.
Toronto Real Estate Board President Larry Cerqua announced continued tightening in the GTA condominium apartment rental market in the fourth quarter of 2016. Greater Toronto Area REALTORS® reported 5,717 condominium apartment rental transactions through TREB's MLS® System during the last three months of 2016 – down 5.8 per cent compared to the same period in 2015.
TREB Applauds Protection Of First-Time Home Buyers But Remains Concerned About LTT Increase For Repeat Buyers25 Jan 2017 09:06:27 -0500
The Toronto Real Estate Board is encouraged that the City of Toronto’s Budget Committee has decided not to currently move forward with proposed Land Transfer Tax increases on first-time home buyers; however, TREB remains concerned about a proposal to increase the Land Transfer Tax by $750 for all other buyers, and is also calling for changes that will help first-time buyers.
In advance of its presentation to the City of Toronto’s Budget Committee today, the Toronto Real Estate Board (TREB) is launching a website (www.anotherobstacle.ca) to shed light on proposed changes to the City’s Land Transfer Tax.
December Housing Market Charts Available
Toronto Real Estate Board President Larry Cerqua announced that 2016 was a second consecutive record year for home sales. Greater Toronto Area REALTORS® reported 113,133 home sales through TREB’s MLS® System – up by 11.8 per cent compared to 2015.