Another house has sold at a significant loss in Ontario.
Home prices have dropped throughout the Greater Toronto Area. The average price of a home in the GTA fell by 5.7 percent year-over-year to $1,084,300 in the last quarter of 2025.
The national average sale price in January was $652,941, which is down 2.6 percent compared to a year ago.
Those who bought homes during the peak prices of 2022 are facing considerable losses.
In July, an Oshawa property bought in early 2022 lost $640,000. A Toronto residence went for a $1.65 million loss last month. Another home in London, Ontario saw a drop of 40 percent.
This latest case involves a four-bedroom property located at 1023 Coldstream Dr. in north Oshawa.
The house was sold for $1.8 million back in February of 2022, according to online real estate records.
It was listed for $1,079,900 in January and ultimately sold last month for $1,050,000, resulting in a loss of $750,000.
“$1 million and you can buy a 3,300 sq ft executive home in Oshawa?” real estate commentator Shazi Goalie mentioned on X.
The spacious home spans 3,325 square feet and includes a main floor office, laundry room with garage access, large formal family rooms as well as living and dining areas plus an open-concept kitchen as per the listing details.
Photo: Dornan Realty Inc.
The property features hardwood floors, a gas fireplace, nine-foot ceilings and two staircases leading to the second floor.
On the upper level is a separate sunken loft that overlooks the front foyer and includes an electric fireplace with shiplap accent wall and wood mantel. All four bedrooms upstairs come with their own ensuite bathrooms.
A self-contained basement suite/apartment boasts its own kitchen and living area along with two rooms and a three-piece bathroom plus separate laundry facilities.
$1 million and you can buy a 3,300 sq ft executive home in Oshawa? pic. twitter. com/2Di MVwnvj D
– Shazi (@Shazi Goalie) February 24, 2026
Lead photo: Dornan Realty Inc.
INsauga’s Editorial Standards and Policies
Source link
Source link
