After the crazy dire news events of the last year or two, I was quite surprised by my experience in selling + buying last summer in Toronto's market.
We listed our condo early on a Friday afternoon, and were inundated with offers and interest that same day. We had a buyer over-asking within the same day, and it was all done in under 24 hours. I asked my agent about this, and she said that it was typical of the activity at that time. The market was surprisingly hot. We had no problems with the bank, in spite of reading about a widespread slowdown in lending.
I'm not the only one in my social circle to have bought/sold/gotten loans last year, and I've never been sure whether this has been a product of lucky demographics (mostly technical people) or whether Toronto has largely weathered the storm.
Can any other Canadian HNers throw in a data point here?