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The Greater Toronto Area (GTA) housing market experienced robust sales growth in May 2023, driven by high demand. However, the limited supply of homes for sale led to increased competition and soaring prices, highlighting the need for addressing the ongoing supply shortage. Let’s dive deeper into TRREB’s May 2023 Market Update in this post.
Toronto, the dynamic and rapidly growing city, continues to attract newcomers seeking opportunities and a vibrant urban lifestyle. With an estimated 700,000 new residents expected by 2051, it is crucial to address the housing needs of both current and future Torontonians. To cater to the diverse household sizes and compositions across the city, Toronto must offer a range of housing options. Unfortunately, while the housing market has seen substantial growth in mid- and high-rise apartment buildings concentrated in densely populated areas, the supply of low-rise housing, particularly multiplexes, has lagged behind demand. However, a recent development suggests positive changes on the horizon.
April 2023 housing starts in Canada: 240,403 units, slight decline in overall trend, growth in Vancouver (36%), Toronto (54%), Montréal (43%), multi-unit starts offsetting declines in single-detached starts. Total SAAR at 261,559 units, urban starts up 26%, multi-unit starts up 33%, rural starts estimated at 19,974 units.
Opel started as a Real Estate Salesperson in 2017. As soon as she found her love and passion in the industry, she pursued the higher qualification and became a Real Estate Broker in 2019. Strives to stay on top with current market, trends, policies, legislations, and economic data, Opel believes the valuable insights would help clients to navigate the lucrative Toronto market and make informed financial decisions.
No matter if you are buying, selling or leasing, it is important to work with someone trustworthy like Opel, a caring Real Estate Broker, who provides accurate and up-to-date information, professional opinion and know-when-and-whom to seek expert advice. You can always rely on Opel for her direct and quick response. Most of Opel’s business are by referrals, thanks to the happy clients, who keep returning to Opel for her professional services.
In her personal life, Opel enjoys good food, loves traveling and snowboard. She is the owner of the champion title “Fastest Female Oyster Shucker 2019 PEI International Shellfish Festival in Memory of Marlene Dowdle” and always enjoys a good “Shuck”!
We would like to express our sincere appreciation for Opel. Opel’s knowledge, professionalism, and helpfulness made our condo search a breeze. Despite the challenge of finding a condo for three people, Opel managed to call more than 50 listing agents! She made communication between us and the landlords easy, handling all the necessary paperwork promptly.We highly… Read More
Opel has been the most helpful person I have ever worked with in the several years I have lived in Toronto! She helped me find the condo of my dreams in the middle of a pandemic with one week to spare, which seemed impossible, but anything is possible when you leave it to Opel. I… Read More
We bought our second condo through Opel and had a great experience overall. Opel was very proactive, knowledgeable and always went the extra mile to help us throughout the process. She was also very accommodating, responsive, and always on time! Overall, Opel is a true gem and we (have already) and will continue to recommend… Read More
Opel has been a fantastic real estate agent to work with. During our almost-three-month apartment hunt, she has always been professional and patient, while providing copious advice and guidance. Searching for a condo in downtown Toronto is tough in itself, and with the long checklist of requirements that we had, Opel was always patient and… Read More
We first met Opel in 2018 when we were looking to upsize from our condo to a townhouse. Even though she was just starting her real estate career at the time, we quickly learned that it was the right decision to put our trust in her. Opel was extremely diligent and worked hard to get… Read More
It is more than words I can express my appreciation and satisfaction. Being a first time home buyer can be stressful, but Opel made it worry-free for me. She explains how-and-why with details and in depth, guides me step by step before every stages of processing, and also provides me an overall map about my… Read More
I am so glad I contacted Opel because everything went so smoothly. I worked with Opel about 10 years ago, and I reached out to her to help me purchase my first home because I remembered her as honest and trustworthy. As a first time home buyer, I was very nervous and unfamiliar with the… Read More
Dear Opel, Adrian and I love our first home! We cannot thank you enough for your hard work and dedication to help us turn our dream of being home owners into reality. You were always organized, punctual and prepared with hand sanitizer! When it came time to close the deal, you acted quickly and advocated… Read More
I first met Opel in 2017 and she help me out finding my first place. I had many questions and she was always on top with answering everything quickly and very detailed about everything. She was super helpful and listened to what I wanted and needed. This is my second time asking Opel to help… Read More
Dear Opel, My husband and I want to express our appreciation on how you handled the sales of our downtown condo unit. Your performance and professionalism have made the process very manageable for us. You have provided us with clarity and accurate information step by step in a timely manner.We see the time and effort… Read More
From our first meeting with Opel, we felt very comfortable with her. She was professional and helpful, understanding our needs as well as answering questions we had. Opel made the process easy and had our best interests at heart.
I’ve known Opel for over 10 years and within these years, I can attest that she’s a person with great ethics both professional and personal. With her upbeat personality, she can easily be influential and motivating for those who need a dose of energy and positivity. She is an absolute hands-on problem solver. Always caring… Read More
Opel was a great agent to work with- very prompt, energetic and professional. We saw TONS of houses (sometimes more than once), she kept her patience and made the whole process very enjoyable and informative. Being a first time home buyer, we needed a little more help than others, she went above and beyond for… Read More
My friend who was an agent referred Opel to me to help me with leasing my condo. At first I felt unsure because I did not know her. But right after our first meeting, I knew Opel is the right person for the job. She helped me chose a great tenant, checked references and verified… Read More
Opel Ou, Broker
Real One Realty Inc., Brokerage
15 Wertheim CRT Unit 302,
Office: (905) 597-8511
Fax: (905) 597-8519