A "HOT" Toronto Residential Real Estate Market is typically a "Seller's Market", which means, there are more Buyers looking for houses For Sale in Toronto or condominium For Sale, than there are houses or condominiums For Sale. During a Seller's Market, luxury, waterfront and all other Real Estate properties can sell within a few days of being listed and can even stimulate Multiple Offers. Sometimes Property For Sale sells above the asking price and although most Buyers want to get a "deal" on a Property For Sale, reducing your Offer by even a few thousand dollars could mean that someone else will get the Property you desire.

A "SLOW Toronto Residential Real Estate Market" is typically a "Buyer's Market", which means, there are more Properties, houses or condominiums For Sale, than there are Buyers. During a Buyer's Market, Real Estate in Toronto may stay on the market for some time and Offers may be few and far between. Prices may even decline. Such a market would allow Buyers to be more flexible in offering a lower price for a Property For Sale in Toronto. Even if the Offered Price is too low for the Seller, the Seller is likely to make some sort of Counter-Offer or "Signback" and Negotiations can begin.

More often than not, the Toronto Residential Real Estate Market is simply "STEADY," or in transition. When this Real Estate in Toronto Market is steady, no hard and fast rules apply regarding Pricing Houses For Sale or Condomiums or any other Property For Sale or for Prices Offered on a Property For Sale in Toronto. Buyers and Sellers may often find themselves in a situation with Multiple Offers, or where no one has made an Offer in weeks, or even at all.

"TRANSITION" Toronto Residential Real Estate Markets are more difficult to define. If the economy slows unexpectedly, as it did in the early nineties, and. as it is slowly happening now, (but not to the extreme of the nineties), people who bought on the high end of a "Seller's Market" or Sellers with their Houses For Sale, could find their home loses value for as the Toronto Residential Real Estate Market continues to swing downward.

So far, no one has proven reliable in predicting when Markets change or how good or bad the Toronto Residential Real Estate Market will become.