Toronto condo sold at $800,000 loss just six months after last sale

A Toronto condo was sold at a staggering $800,000 loss this month despite only being purchased six months ago. 

The condo's turbulent sales history was shared on X, where many took the opportunity to reflect on the current state of the city's real estate market, particularly its condo segment. According to public MLS data, the Yorkville condo was originally purchased in March 2025 for $3.15 million. 

Just a few months later, the apartment was listed for sale again in June 2025 for $2.99 million, but was taken off the market shortly after. Recently, the condo was listed again for nearly $2.55 million, and went on to sell for $2.35 million a few days later — representing a loss of $800,000 when compared to its price earlier this year. 

The condo's sales history. Source: HouseSigma.

According to its listing, the 2,300-square-foot, two-bedroom, two-bathroom condo is located in a luxury building with hotel-style amenities, offering floor-to-ceiling windows, valet parking, and premium kitchen appliances. 

As noted by the Toronto Regional Real Estate Board (TRREB) in its latest report, average selling prices across the city continued to be negotiated downward throughout August due to more choice across market segments. 

Although GTA realtors reported 5,211 home sales through TRREB's MLS System in August 2025 – up by 2.3 per cent compared to August 2024, the average selling price of $1,022,143 was down by 5.2 per cent compared to the same time last year. 

"A household earning the average income in the GTA is still finding it challenging to afford the monthly mortgage payment associated with the purchase of an average priced home," said TRREB Chief Information Officer Jason Mercer.

"This is even with lower borrowing costs and selling prices over the past year. Further relief in borrowing costs would see an increased number of buyers move off the sidelines to take advantage of today’s well-supplied market." 

The RPS-Wahi House Price Index also showed little change in August throughout Canada, although the report noted that there were stark regional differences across Canada's major markets as well as property types. 

The Canadian real estate platform found that the country's housing market in August was "almost a mirror image" of July in terms of pricing, although the pace of condo depreciation on an annual basis did slow slightly. 

"That said, condo inventory levels remain high in Toronto and Vancouver, and we would expect that needs to change before any meaningful turnaround in pricing trends," said RPS-Wahi Economist Ryan McLaughlin. 

When looking at different property types at the national level, detached home prices were up one per cent year-over-year, townhouse prices were flat, semi-detached home prices saw a one per cent decline, and condo prices dropped six per cent compared to last August. 

The report also notes that the changes matched what was observed in July, with the exception of condos, which had posted a seven per cent year-over-year drop.