More than ever, people are asking me about the market, and when I speak with my colleagues the general feeling is that sales are slowing down, and we might be heading into a period of balance.

Welcome news to those of you who are looking to buy property without the pressures of multiple offers and buyer frenzy. Sellers are also having to adjust their expectations, as there are more properties on the market, and they are sitting for longer periods of time.

Here's Toronto Real Estate Board's economist Jason Mercer with a recap of the housing market in the GTA for October. Enjoy!