Toronto Real Estate Board

Toronto Real Estate Board

January 19, 2016 07:00 ET

TREB Market Year in Review & Outlook Report Now Available Online

TORONTO, ONTARIO--(Marketwired - Jan. 19, 2016) - The Toronto Real Estate Board's Market Year in Review & Outlook Report is now available to the media online.

The report provides key insight on the current state and future of the real estate market with key statistics from a never before seen survey of recent and intending home buyers conducted for TREB by Ipsos Reid.

TREB President Mark McLean highlighted the importance of this report to the 43,000 Toronto Real Estate Board Members who practice real estate in the Greater Toronto Area and surrounding Greater Golden Horseshoe at the January 18 launch event in Toronto.

"Having never before seen statistics on homeowners and intending buyers at our fingertips will further assist REALTORS® in better serving the public. You can't put a price on this kind of knowledge," said Mr. McLean.

Another key aspect of this report is examining the current liveability and future competitiveness of the Greater Golden Horseshoe Region. TREB reached out to stakeholders in the government, public, not-for-profit and private sectors to understand what it is that makes our region such a great place to live, work and raise a family as well as what it will take to continue to build on our success and enhance our position on the world stage.

Respondents lauded the region for its diversity and the economic and social opportunities it affords residents while highlighting our transportation system, public infrastructure and greater housing options and affordability as key areas for improvement.

TREB CEO John DiMichele stressed the importance of approaching these challenges collaboratively in order to ensure they're met with maximum efficiency and at minimum cost.

"We have an opportunity to stop working in silos and to engage each other to expand our thinking on today's most complex problems. This is a work in progress and will continue to be for some time. There are a lot of smart people who responded to our call for stakeholder submissions or who contributed to the sections of this report, and it would be great to get them in one room where they could discuss these issues collectively. We need to realize that we all have a stake in the outcome and that it's time for us work together to ensure today's opportunity becomes tomorrow's reality," said Mr. DiMichele.

Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service®. Over 43,000 TREB Residential and Commercial Members serve consumers in the Greater Toronto Area. TREB is Canada's largest real estate board.

Contact Information

  • Toronto Real Estate Board
    Mary Gallagher
    Senior Manager, Public Affairs