Finally a buyers market has arrived in the Greater Toronto Area.  After years of bidding wars and overpaying for homes, it seems the tides have turned in favor of the purchaser.  Not to say its all bad news for sellers, in fact the prices will probably just level off, a very natural turn in the cycle.  If anything, the average time on the market seems to be the only drastic change for the worse.  

The never ending barrage of negative news from our media has home sellers scared and confused. Comparing our market to the US every chance they can.  When in fact, our home market stands on its own.  The rates are still low and the prices are becoming more realistic.  That being said, its a great time to buy a property.