The GTA housing market remains a buyer's market with cautious sentiment and declining prices. Low-rise home sales dropped 9% year-over-year, with prices down about 7%, notably 12% in Peel. Condo sales fell 7%, average prices down 5%, and units are staying longer on the market. Inventory is rising, MOI indicates a cooler market, and buyers hold the advantage amid higher borrowing costs and a slower economy.
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