The increase in listings before government's heavy handed intervention happened because they pre-announced it, please don't try to mislead the readers that it was somehow a result of market forces. I see realtors still going door-to-door trying to get listings, even as enough of them already on the market,  promising sky-high prices.. once they get a poor old guy to list, they will try to convince him the sky is falling and sell for less and accept the first offer. It'll all pass in 2-3 months or at most 1 year (see Vancouver, we seem to be tracking 1 year behind them). Good opportunity for buyers to pick up something for less than 2 months ago, but it won't last, as in fact nothing has changed in the long term supply/demand picture in Toronto.