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Toronto Real Estate Board President Larry Cerqua announced another very strong quarter for condominium apartment sales in Q2 2016. Greater Toronto Area REALTORS® reported 8,965 condo apartment sales between the beginning of April and end of June. This result represented an increase of 17.4 per cent in comparison to the same period in 2015.
Toronto Real Estate Board President Larry Cerqua announced that despite a decline in the number of condominium apartments listed for rent on TREB's MLS® System in the second quarter of 2016, the number of condo apartments rented remained similar on a year-over-year basis – down by only 2.7 per cent compared to the second quarter of 2015.
The Toronto Real Estate Board is appealing the decision ordered by the Competition Tribunal to release property sold data and pending sold data (where the transaction hasn't yet closed) for broad dissemination on the Internet without requiring the explicit informed consent from the consumer.