Toronto home sold at nearly $500,000 loss compared to its 2022 price

Following a sluggish start to the year, Toronto's housing market continues to adjust, with fewer new listings and overall sales down compared to last year, as buyers wait on the sidelines for prices to stabilize.

Amid these conditions, a four-bedroom, two-bathroom home in Toronto sold this month for nearly $500,000 less than its original price tag in 2022.

According to its listing, the semi-detached Victoria home features over 2,000 square feet of living space, stained glass windows, exposed brick walls, new hardwood flooring, a renovated kitchen, and stainless steel appliances.

The property first sold back in March 2022 for $2,289,000, at a time when pent-up demand was driving up home prices across the GTA. The home was put back on the market this February, slightly below its original selling price, and eventually sold for $1.8 million this week, representing a loss of $489,000 compared to its price four years ago.

The home's sale history.

According to the latest Toronto Regional Real Estate Board (TRREB) report, resale conditions this past February were tighter than the same time last year. While overall sales were down year-over-year, new listings declined at an even faster rate.

There were 3,868 home sales through TRREB's MLS System in February, representing a decline of 6.3 per cent compared to the same month last year. The average selling price in the region was $1,008,968, a drop of 7.1 per cent compared to February 2025.

The steep drop in this Toronto home's selling price highlights the challenges currently facing the GTA housing market, where plenty of other properties have also sold for significantly less than their peak prices. 

Past examples include this Caledon property that sold this February for nearly $600,000 less than its price in 2022, this four-bedroom Brampton home that also sold at a loss of $760,000 when compared to its price in 2022, and this Brantford property that sold at a $555,000 loss compared to its price just three years earlier.