Year-over-year growth in the first quarter of 2021 condominium apartment sales well outstripped growth in listings over the same period in the Greater Toronto Area (GTA). With market conditions tightening, average condo prices for Q1 2021 were above the averages for Q1 2020 for the regions surrounding the City of Toronto. The average condo selling price in Toronto remained below last year’s level. First-quarter 2021 condominium apartment sales reported by GTA REALTORS® totalled... [read more]

In the first quarter of 2021, average condominium apartment rents were down on a year-over-year basis, continuing to reflect a supply imbalance in favour of renters. However, year-over-year growth in rental transactions outstripped growth in the number of units listed over the same period, suggesting that rental market conditions are starting to tighten in the Greater Toronto Area (GTA) once again. GTA REALTORS® reported 13,168 condominium apartment rentals through TRREB’s MLS®... [read more]

The Ontario government launched the Housing Affordability Task Force, which has been tasked with finding solutions on how to increase the supply of both market-rate rental and ownership housing.   The task force comprises nine members who will provide the government with recommendations on additional measures to address market housing supply and affordability. They explore measures to address housing affordability by: Increasing the supply... [read more]