Toronto's Housing Market in Free Fall: Experts Weigh in on the City's Skyrocketing Prices and Shrinking Affordability In a shocking turn of events, Toronto's housing market is experiencing a sharp decline, leaving many to wonder if the city's notorious affordability crisis is finally coming to an end. A recent surge in sales and a decrease in prices have sparked hope among potential buyers, but experts are cautioning that the market is far from stable. With Toronto's median home price plummeting to levels not seen in years, residents are eagerly awaiting news of what this means for their future in the city. Will the current market trends continue to favor buyers, or is this a temporary blip on the radar?