Opel Ou's Listings

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    Strong Demand and Supply Shortage Drive GTA Housing Market – TRREB May 2023 Market Update

    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.

    Expanding Housing Options in Toronto: Multiplexes for a Growing City

    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.

    Impact of Housing Starts on Prices: April 2023 Highlights

    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.

    About Opel Ou

    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”!

    This is Opel

    Recent Sold and Leased

    33 Elmhurst Ave, Toronto
    LEASED May, 2023
    160 Vanderhoof Ave, Toronto
    LEASED in 2 days! April 2023
    70 Temperance St, Toronto
    LEASED Mar, 2023
    28 Harrison Garden Blvd, Toronto
    LEASED Mar, 2023
    77 Shuter St, Toronto
    LEASED Feb, 2023
    501 Passmore Ave, Toronto
    PURCHASED Aug, 2022
    5 Hanna Ave, Toronto
    LEASED over asking in 2 days! Aug, 2022
    Transit City Town, Vaughan
    PURCHASED & LEASED July, 2022
    7 Townsgate Drive, Vaughan
    LEASED July, 2022
    88 Times Ave, Markham
    LEASED June, 2022
    120 Harrison Garden Blvd, Toronto
    PURCHASED June, 2022
    160 Vanderhoof Ave, Toronto
    LEASED April 2022
    16th Ave, Markham
    LEASED March 2022
    Hyde Mill Cres, Mississauga
    PURCHASED Feb 2022


    Contact Opel Ou

    Opel Ou, Broker

    Real One Realty Inc., Brokerage
    15 Wertheim CRT Unit 302,
    Richmond Hill,
    ON L4B3H7

    Office: (905) 597-8511
    Fax: (905) 597-8519
    email: opel@opelou.com