To the doom sayers out there and in this comments section: I was able to sell my detached Toronto house for a very good price a few weeks ago, with eight offers on the table, all delivered on the day we had reserved for offers. We also got a bully offer several days before the deadline, so that made nine offers in total.

We essentially got our "home run" scenario (about $300k over asking) albeit based on our reduced expectations following the March- decline.

That's totally anecdotal I admit, but it seems to me the market still has a bit of pop in it, even if it isn't in the nuclear territory we saw earlier in March. 

Anyway, now that we've withdrawn from the GTA to rent for a few years, I've no skin in this game anymore. But I have heard the doom predictions of a crash for more than a decade, and the Toronto market has proven quite resilient. We'll see....