A cooling trend or the new reality for Toronto real estate?

Toronto's real estate market is shifting, with buyers taking longer to decide and sellers adjusting pricing strategies. Sales have declined sharply, and inventory has risen due to economic uncertainty and high interest rates. Despite sales dropping across all housing types, price declines are moderate as sellers resist. Buyers have more negotiating power but hesitate due to economic instability and high mortgage rates. The market's future hinges on interest rates and economic conditions.