Ontario's housing market shows a 5.7% year-over-year price decline to $752,400, with sales up 1.3% but still below long-term averages. Single-family homes dropped 5.3%, townhouses 7%, and condos 8.8%. Active listings hit a decade high, creating a buyer's market with a 36% sales-to-new-listings ratio. Unemployment is high at 7.6%, mortgage delinquencies rose 45%, and population contraction pressures affordability and demand.