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.

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Toronto’s Condo Rental Market Struggles to Keep Up with Population Growth – Q1 Rental Report by TRREB

Q1 2023 GTA saw a 4% increase in condo rentals, but tight market conditions resulted in a significant YoY rent increase – 15.1% for one-bedroom and 9.2% for two-bedroom units.

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New Project: Yonge City Square

Pre-Construction Project at Yonge and York Mills – Yonge City Square, a brand new condo offering residents the perfect blend of luxury, convenience, and breathtaking views.

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Chris & Sue

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

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Wilson & Carmen

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

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