Finding Toronto Real Estate GEMS | Are Toronto Home-Buyers Now Calling the Shots?

The GTA's housing market is transitioning into a buyer's market with improved buyer negotiation power.
in Late-Q3, the sales-to-new-listing ratio (SNLR) ↓28.6%, indicating a significant shift.
The condo market also saw ↓25% in SNLR, below the 10-yr avg.
Investors selling properties contributed to:
↑ inventory
↓ bidding wars
↑re-listing activity
Yet, affordability challenges persist due to rising interest rates, affecting buying homes at current prices.