Here are the market stats for Feb 2018 from the Toronto Real Estate Board.
Although they make slightly grim reading they have to be taken in context. These are stacked up against this hottest market in GTA history and actually compare very well with 2016, another record year.
Sales in the important first time home buyers segment were very strong, with sales in the $300-$400k range making up 32% of the market. With demand returning to this segment we will soon see sales in the higher price ranges picking up soon.
I expect a very strong Spring market, with solid price gains and a return to more "normal" trading rather than the turbulent last few years.