Now is a good time to jump into the market.  The real estate market in Toronto, Mississauga and the GTA has come back to life.  It's always a Buyer's Market, no matter what the statistics say!  Remember, even during slow times, thousands of people in Toronto & the GTA are buying and selling.  Currently, properties are selling quicker and, often, in multiple offer situations.  To help give yourself an edge when in negotiations to purchase, ensure that you have already been pre-approved for a mortgage.  (One of the first steps in purchasing a new home is talking to a financial institution regarding mortgage approval).  Many are now taking advantage of the incentives and programs available to them.  For example: 

• Using up to $20,000.00 in RRSP's for your down payment
• 5% down payment
• Ontario & City of Toronto Land Transfer Tax rebates for first time buyers
• A conventional mortgage is now available with a 20% down payment instead of 25%
• low, low interest rates
• Up to 35 year mortgage amortization periods
• Government of Canada tax credits for home improvements

You know now is the time to buy.  If demand continues this strong, prices are more than likely going to start creeping up.