TRREB's chief market analyst Jason Mercer says the housing market has now caught up to where it was this time last year, despite a near halt in home sales this spring when the COVID-19 lockdown began.

Once the pandemic hit, what was once a seller's market for downtown Toronto condos shifted dramatically.

TRREB president Lisa Patel attributed the dip in sales and new listings to potential buyers holding off on purchases as COVID-19 spread across Canada.