In Early-Q3, Toronto sales ↓~1% yearly to ~6K transactions, while new listings ↓~18% to ~14.5K, narrowing the gap between supply and demand.
On a seasonally adjusted basis, Toronto sales increased from Late-Q2 while listings declined, and the avg. selling price settled near $1M, ↓~5% yearly.
A balanced market means neither side clearly leads: homes sell closer to asking, supply better matches demand, and negotiations feel more typical for both parties.
Experts said Toronto's freehold segment looks more balanced, while condos remain buyer-driven. Buyers have adjusted to current borrowing costs, and sellers are pricing more realistically.
With listings shrinking and prices leveling, experts said steadier conditions could bring sidelined buyers back, as confidence improves and timing the market matters less.

A mortgage lets buyers borrow for a home while the property secures the loan, making ownership possible without paying the full price upfront.
Monthly payments usually include principal, interest, taxes and insurance, and each principal payment lowers what you owe while building equity over time.
Loan term, down payment, interest rate, escrow and amortization shape total cost, and many buyers choose fixed or adjustable structures based on flexibility.
Fixed loans keep the same rate, while adjustable loans change after an initial period, and extra principal payments can shorten payoff and reduce interest.
Credit, down payment and loan term affect pricing, so starting early helps buyers prepare, and calling the servicer quickly can open more solutions.