The housing market in Ontario continues to see strong price appreciation, with values up 16.2% compared to last year. Home prices have decreased 16.6% in the past month. With 3.0 months of supply, Ontario's inventory levels remain relatively tight. Homes are now taking an average of 67 days to sell, significantly longer than the 24 days typical for this market. Only 8.3% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Ontario market with the affordability index at 159.6. Based on current market indicators, home prices in Ontario are projected to increase by approximately 8.5% over the next month.