The Toronto Regional Real Estate Board (TRREB) will release November 2022 market statistics on Tuesday, December 6 th at 5:00 a.m. EST.
TRREB was pleased to participate in the consultation by the Office of the Auditor General of Ontario (OAGO) in conducting a RECO value for money audit and is encouraged by
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The Bank of Canada is publishing a new set of indicators of financial vulnerabilities. This will allow households, the private sector, financial authorities and governments to better understand and monitor
Senior Deputy Governor Carolyn Rogers discusses risks and vulnerabilities in our financial system and what the Bank of Canada is doing to support financial stability.
Senior Deputy Governor Carolyn Rogers discusses the Bank’s work to monitor risks and vulnerabilities in Canada’s financial system and support greater financial stability.
To offer Canadians an opportunity to directly support Ukraine, the Government of Canada announced that it will issue a Ukraine Sovereignty Bond. The five-year, $500 million bond, denominated in Canadian
After reaching its peak in February, the average price of a home in Canada has dropped by more than $170,000. Despite this, most online searches among Canadian homebuyers are for
Convinced that the boom in leisure travel is permanent, Airbnb aims to expand its listings by convincing more people to turn their homes into short-term rentals.
Governor Tiff Macklem speaks about the need to make economics, finance and central banking more diverse and inclusive.
Governor Tiff Macklem discusses the relationship between inflation and employment and how the Bank of Canada is working to cool an overheated economy.
The Government of Canada Market Functioning Steering Group (GMF) published a consultation paper and an FAQ document today on a proposed fee for failing to settle GoC bond and bill
Today, the Fall 2022 Debt Management Strategy Consultations Summary is being published in conjunction with the release of the Government of Canada’s Economic and Fiscal Update 2022.
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
Go to the Housing Market Charts
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
Executive Director of Retail Payments Supervision Ron Morrow discusses how the Bank of Canada is taking on new responsibilities to help protect consumers when they pay for things.
The Bank of Canada and the Department of Finance are announcing the resumption of the Government of Canada Cash Management Bond Buyback (CMBB) program.
The Toronto Regional Real Estate Board (TRREB) will release October 2022 market statistics on Thursday, November 3rd, at 5:00 a.m. EDT
Following the ownership market as a whole, Q3 2022 condominium apartment sales were off by approximately 46 per cent compared to Q3 2021. Despite there being substantially more balance in
Double-digit year-over-year rent increases continued to be the norm in Q3 2022. With many would-be first-time buyers temporarily on the sidelines in the Greater Toronto Area (GTA) due to higher
The Toronto Regional Real Estate Board (TRREB) welcomes the provincial government’s introduction of legislation to accelerate the creation of additional housing supply. This is one of the most pressing issues
It is with great sadness that we mourn the passing of former Toronto Regional Real Estate Board (TRREB) President, Cynthia Lai.
Cynthia served TRREB as President in 2003-2004, and is
On behalf of the nearly 70,000 REALTOR® Members of the Toronto Regional Real Estate Board (TRREB), we unequivocally condemn the behaviour highlighted in the CBC Marketplace investigative report on mortgage
On May 16, 2022 CARR launched a public consultation on whether there was a need for a forward-looking Term CORRA benchmark to replace CDOR in certain types of loan facilities.
With municipal elections being held on October 24, 2022, the Toronto Regional Real Estate Board (TRREB) has launched a campaign to ensure that candidates for municipal office understand the importance
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
Go to the Housing Market Charts
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
Existing literature documents that house prices respond to monetary policy surprises with a significant delay, taking years to reach their peak response. We present new evidence of a much faster
The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues related to the design and
In observance of the federal Day of Mourning to mark the death of Queen Elizabeth II, the Bank of Canada will postpone the auction of 10-year Government of Canada bonds
Amid increasingly high mortgage and interest rates, Canadians struggling to get into the housing market are looking into rent-to-own as an alternative route to homeownership.
From the rivers, valleys, and natural beauty of Saguenay, Que., to the bustling bayside city of Saint John, N.B., contributor Christopher Liew highlights the cities that offer Canadians the best
Keeping up with a monthly mortgage payment is becoming more difficult by the year. When combined with increasing inflation rates, owning a home has caused some Canadians to struggle with
Many Canadians are questioning whether or not it’s the right time to purchase real estate. Contributor Christopher Liew breaks down the factors to keep in mind if you plan on
CTVNews.ca has compiled a list of homes in some of the most affordable regions across Canada, as many real estate markets see drops in average prices.
For millennial and gen Z Canadians, owning a home in this real estate market might seem like a pipe dream. In an exclusive column for CTVNews,ca personal finance contributor Christopher
The Canadian Alternative Reference Rate working group (CARR) today published recommended fallback language for new and existing loan agreements where the interest rate benchmark is the Canadian Dollar Offered Rate
Amid a series of interest rate hikes recently implemented by the Bank of Canada, some homeowners may be concerned about keeping up with their mortgage payments. For those who are
Prices have been easing slightly recently, but affording a mortgage is still a very difficult task for many Canadians. How much of a mortgage can you afford? Contributor Christopher Liew
Differences in income, wealth and debt across households are important—for the economy, for the health of the financial system and for monetary policy.
We assess how location affects house prices in Canada. The gap in prices between suburbs and downtown was closing gradually before the pandemic. The gap has been closing faster since
With the Bank of Canada expected to keep raising its policy interest rate through 2023, experts expect the gap between fixed and variable mortgage rates to shrink. If you’re in
Bank of Canada Deputy Governor Sharon Kozicki discusses how differences among households affect economic outcomes, how shocks can have important uneven effects across households, and why these things matter for
Deputy Governor Sharon Kozicki talks about why differences in income, wealth and debt across households are important for the economy and what the Bank of Canada will be watching for
With the average home price at a record high, Canadians are having to fork over more cash for homes than ever before. In response, mortgage experts say they have been
We introduce a novel approach to categorize mortgaged homebuyers into first-time homebuyers, repeat homebuyers and investors. We show how these groups contribute to activity in Canadian housing markets, and we
We offer a theory of how inefficiently lax financial regulation could arise in a democratic society.
The COVID-19 pandemic has prompted many Canadians to re-evaluate their housing and work arrangements, spurring some to think not big, but tiny.
