A recent survey reveals that two-thirds of renters in the Greater Toronto Area (GTA) are at their limit, stating they cannot tolerate further rent increases. This growing concern highlights the mounting pressure on affordability in one of Canada’s most competitive housing markets.
TRREB’s Comprehensive Market Analysis
The Toronto Regional Real Estate Board (TRREB) has released its Market Outlook and Year in Review report, along with an interactive digital digest, offering an in-depth look at the current state of the housing market. The report not only analyzes market trends but also explores potential solutions to the critical challenges facing the real estate industry today.
Insights from TRREB’s Chief Market Analyst
In a recent presentation, Jason Mercer, TRREB’s Chief Market Analyst, shared key insights into the rental market outlook and discussed the findings of new Ipsos polling data. The survey sheds light on how many respondents are considering purchasing a home this year, providing a glimpse into the shifting dynamics between renting and homeownership in the GTA.
As affordability concerns continue to dominate the conversation, TRREB’s research underscores the urgent need for actionable solutions to address the housing crisis and support both renters and prospective buyers in the region.
Stay informed and watch Jason Mercer’s analysis to better understand the challenges and opportunities shaping the GTA’s real estate market in 2024.
Richard Wang 