The consensus seems to be that 2018 will experience a drop in detached home prices while condo prices rise.
All in Toronto
New Mortgage Stress Test – The Impact to Home Buyers
The new mortgage stress test which came into effect January 1st makes it more difficult for Canadians to qualify for a mortgage, and the combination of rising rates and the new stress tests could force home buyers to come up with significantly higher down payments than 2017.