Some buyers are buying in relatively stable neighbourhoods and are getting good value for their money. But it's important to remember that not every house, nor every neighbourhood, is a smart buy today.
‘There’s nothing positive’: Toronto home prices plunge as buyers retreat (The Globe and Mail)
Mr. Pasalis said some of areas where average prices are now lower than they were a year ago – including Richmond Hill and Whitchurch-Stouffville north of Toronto – are also regions that appeared to have the highest number of speculators and foreign buyers prior to the downturn. Their withdrawal from the market has had a greater impact on prices than in more central neighbourhoods in the City of Toronto.