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Real Insight: Housing Plays Key Role in Economy

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Real Insight: Housing Plays Key Role in Economy

TREB participating with working groups to help formulate policy and keep homeownership affordable.

I am very proud of the work the Toronto Real Estate Board (TREB) and our realtor members do to help raise awareness of important housing issues facing the Greater Toronto Area.

Prime Minister Justin Trudeau recently announced the Liberal government’s National Housing Strategy, and the role that the federal government must play in housing. “Housing rights are human rights, everyone deserves a safe and affordable place to call home,” Trudeau said.

Canadians believe in the pride of homeownership and in helping others achieve the same dream. Adequate housing is fundamental to society, and the housing market plays a key role in our local, provincial and federal economies. Back in November, National Housing Week was a perfect opportunity to have a conversation about these important housing issues and needs.

A number of volunteer TREB representatives met with numerous MPPs at Queen’s Park to provide information on the state of the housing market, as well as information about several important public policy issues related to housing.

TREB believes that it is important to contribute to the development of public policy on housing. That’s why we have made it a priority over the last year to work with all levels of government as they have considered various public policies relevant to housing markets.

In recent months, TREB has participated in provincial and municipal housing working groups to help formulate policy intended to keep housing and homeownership affordable and accessible.

In addition to actively participating in these working groups, TREB will continue to contribute to housing policy discussions by providing valuable information, dialogue and evidence based data about the important housing issues facing the GTA, including consumer homebuying intentions in our annual Market Year in Review and Outlook, which was released on January 30.

Watch for more information about this report in the coming weeks.

Tim Syrianos is president of the Toronto Real Estate Board, a professional association that represents 48,000 professional realtor members in the Greater Toronto Area. You can contact him at TREBpres@trebnet.com. For updates on the real estate market, visit TREBhome.com. If commercial property is what interests you, contact a TREB realtor by visiting TREBcommercial.com.

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