TREB Basics
In what year was TREB founded?
1920
What term describes a market with high demand and low supply?
A seller’s market
What is the governing body that regulates real estate in Ontario?
RECO
What was the average home price in Toronto reported by TREB in April 2023?
$1.1 million
What is the historic Toronto castle often used for filming movies and TV shows?
Casa Loma
How many real estate professionals does TREB serve?
56,000
What is the name of the index that tracks the average price of homes in the Greater Toronto Area?
The MLS Home Price Index (HPI)
What code of ethics must TREB members adhere to?
The REALTOR® Code
What was the percentage increase in condo sales reported by TREB in 2023 compared to 2022?
10%
What is the name of the iconic downtown landmark that is the tallest free-standing structure in the Western Hemisphere?
C.N Tower
What is the name of the monthly report published by TREB on the real estate market?
Market Watch Report
What is the name of TREB’s initiative focusing on sustainable housing practices?
The Green Initiative
What act governs real estate transactions in Ontario?
The Real Estate and Business Brokers Act (REBBA)
What was the average price of detached homes in Toronto in 2023?
$1.5 million
What Toronto district is known for its upscale shopping and luxury condos?
Yorkville
In which Toronto district are TREB's headquarters located?
North York
What term describes a period of rapid increases in property values and high transaction volumes?
A real estate boom
What TREB policy ensures accuracy in real estate ads?
The Advertising Policy
How many municipalities are covered in TREB’s annual report?
65
What is the name of Toronto’s most famous and expensive shopping street?
Bloor Street
What type of programs does TREB offer to help its members stay informed and improve their skills?
Professional development
What term describes the difference between the market value of a property and the outstanding mortgage balance?
Equity
What term refers to the specified date and time when offers on a property will be reviewed by the seller?
An offer presentation date
How many property types does TREB provide data on in its market reports?
7
What is the name of the famous Toronto hotel opened in 1929, known for its luxury and historic significance?
The Fairmont Royal York