TREB Market Year in Review & Outlook Report 2017

TREB Market Year in Review & Outlook Report 2017: Connecting to Affordability

LARRY CERQUA, PRESIDENT, TORONTO REAL ESTATE BOARD
FIRST POSTED: MONDAY, JANUARY 30, 2017 02:07 PM EST | UPDATED: MONDAY, JANUARY 30, 2017 02:25 PM EST
(Getty Images)
Affordable home ownership is a growing concern and remains a priority issue for The Toronto Real Estate Board. Housing prices continue to rise across all home types in the GTA as the supply of listings remains constrained.

On January 31, TREB will release its annual Market Year in Review & Outlook Report which shines the spotlight on “Connecting to Affordability.” This year’s report breaks down the question of housing affordability, distilling complex information about the GTA housing market, as well as the policies and economic issues that impact the wider Greater Golden Horseshoe region, into digestible language.

The report will contain several key sections, all informed by empirical evidence:

* Market Year in Review: The Market in 2016

o Features results of TREB-commissioned Ipsos studies on consumer preferences and foreign buyer activity.

* Market Outlook: Looking to 2017

o Features results of TREB-commissioned Ipsos study on consumer intentions.

* Transit Infrastructure & Housing Affordability

o Features results of a TREB-commissioned study on transit infrastructure’s impact on housing affordability.

* Commercial Report

* Housing Affordability: Understanding Supply

o Features submissions on how the supply side impacts housing affordability from a range of industry and public sector stakeholders.

Whether you’re interested in a quick snapshot of the market or obtaining a greater understanding of some of the policy issues that impact housing affordability, along with possible solutions, this report has it.

 

 

NEWS RELEASES

GTA REALTORS® Release Condominium Market Statistics
January 26, 2017 — 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.

GTA REALTORS® Release Rental Market Statistics [ pdf]
January 26, 2017 — 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 Buyers
January 25, 2017 — 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.

Toronto Real Estate Board Launches Campaign to Stop Another Obstacle to Home Ownership in Toronto
January 5, 2017 — 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.

GTA REALTORS® Release Monthly Resale Housing Market Figures
January 5, 2017 — 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.

GTA REALTORS® Release Commercial Market Statistics
January 5, 2017 — Toronto Real Estate Board President Larry Cerqua announced that the total amount of leased space reported through TREB’s MLS® System by TREB Commercial Network Members in the fourth quarter of 2016 was down on a year-over-year basis.

TREB Urges City Council To Stop Proposed LTT Increase In Its Tracks
December 14, 2016 — The Toronto Real Estate Board is urging Toronto City Council to act early to stop a potential significant Land Transfer Tax increase, a proposal that is currently working its way through the City’s approval and budget process.

GTA REALTORS® Release Monthly Resale Housing Market Figures
December 2, 2016 — Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,547 home sales through TREB’s MLS® System in November 2016. This result represented a 16.5 per cent increase compared to November 2015.

GTA REALTORS® Release Commercial Market Statistics
December 2, 2016 — Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported 286,265 combined square feet of industrial, commercial/retail and office space leased through TREB’s MLS® System in November 2016, on a per square foot net basis with pricing disclosed.

TREB Raising Concerns Over Proposed Changes To Toronto LTT That Will Increase Costs For All Toronto Home Buyers
November 25, 2016 — The Toronto Real Estate Board is raising concerns over proposed Toronto Land Transfer Tax changes. These proposed changes will increase costs for all Toronto home buyers, but impact first-time buyers the most.

GTA REALTORS® Release Monthly Resale Housing Market Figures
November 3, 2016 — Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,768 sales in October 2016 – up by 11.5 per cent compared to October 2015.  For the TREB market area as a whole, the largest annual rate of sales growth was in the condominium apartment market segment.

GTA REALTORS® Release Commercial Market Statistics
November 3, 2016 — Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported 365,659 combined square feet of industrial, commercial/retail and office space leased through TREB’s MLS® System in October 2016, on a per square foot net basis with pricing disclosed.