What I believe is prices are drooping down -drastically -in high end markets...I have a friend that just sold his house in Hamilton and he got a pretty good deal. Regions like Oshawa, Markham and Hamilton are behaving in a different way, prices are more stable.
I am in the process of buying and I am working with a Real Estate Agent from Re/Max...he is fantastic, I got it in SearRealEstate.ca.
Pretty good site Sears has...when you feel ready to buy, check it out.