Toronto Housing Market Shifts to Buyers

The power has officially shifted in Toronto's housing market. For the first time in years,

it's a buyer's game. Average home prices have dropped by over 7% from last year,

now sitting around $1.05 million. At the same time, sales have plummeted by nearly 10%.

With more new listings hitting the market and fewer people buying, sellers are getting

nervous, giving buyers some serious negotiation power. On top of that,

borrowing costs are also easing up. Confident buyers are snagging deals

not seen in years, while many others remain on the sidelines, waiting for more economic certainty.