Another house has been sold at a significant loss in southern Ontario.
Home prices are declining across Canada compared to their peaks in 2021 and 2022.
The latest Canadian home price index from the real estate platform Wahi shows that prices dropped by two percent year-over-year in February.
Five cities-Ottawa, Hamilton, Toronto, Vancouver, and Victoria-are seeing annual decreases in prices. Hamilton and Toronto both experienced year-over-year drops of six percent, while Ottawa saw a one percent decline.
The price drops in Hamilton have been attributed to the effects of tariffs on the local steel industry.
Homes in Hamilton are being sold at substantial losses. A brick century home there was sold for a 44 percent loss last November. Another property went for a $480,000 loss. Yet another sold at a 52 percent loss. Just last week, a home changed hands for a $429,000 loss.
This recent case is about a home located at 18 Legacy Lane in Ancaster (Hamilton).
This four-bedroom residence was purchased for $2,650,000 back in February 2023, according to online real estate records.
A few months later it was listed again in August 2023 for $2,599,000 but failed to sell. The price continued to drop as it was re-listed throughout 2024 and into 2025. Eventually, it sold this month for $1.8 million.
“In 2022, this Hamilton home sold for $2.65M. After multiple listings and price cuts… it finally sold for $1.80M,” real estate commentator Shazie Goalie remarked on X. “That’s $850,000 gone.”
Described as a “gem in Ancaster,” this house was built in 2017.
Photo: 1st Sunshine Realty Inc.
Some features include hardwood flooring throughout the house including the second floor, three full bathrooms along with four bedrooms upstairs; there’s also a built-in barbecue area with seating and a fireplace.
In 2022, this Hamilton home sold for $2.65M.
After multiple listings and price cuts…
it finally sold for $1.80M. That’s $850,000 gone. pic. twitter. com/u Ph Y2ai Qpj – Shazi (@Shazi Goalie) March 24, 2026 Lead photo: 1st Sunshine Realty Inc. INsauga’s Editorial Standards and Policies Last 30 Days: 35,888 Votes All Time: 1,270,233 Votes 1640 VOTES
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This recent case is about a home located at 18 Legacy Lane in Ancaster (Hamilton).
This four-bedroom residence was purchased for $2,650,000 back in February 2023, according to online real estate records.
A few months later it was listed again in August 2023 for $2,599,000 but failed to sell. The price continued to drop as it was re-listed throughout 2024 and into 2025. Eventually, it sold this month for $1.8 million.
“In 2022, this Hamilton home sold for $2.65M. After multiple listings and price cuts… it finally sold for $1.80M,” real estate commentator Shazie Goalie remarked on X. “That’s $850,000 gone.”
Described as a “gem in Ancaster,” this house was built in 2017.
Photo: 1st Sunshine Realty Inc.
Some features include hardwood flooring throughout the house including the second floor, three full bathrooms along with four bedrooms upstairs; there’s also a built-in barbecue area with seating and a fireplace.
In 2022, this Hamilton home sold for $2.65M.
After multiple listings and price cuts…it finally sold for $1.80M. That’s $850,000 gone. pic. twitter. com/u Ph Y2ai Qpj – Shazi (@Shazi Goalie) March 24, 2026 Lead photo: 1st Sunshine Realty Inc. INsauga’s Editorial Standards and Policies Last 30 Days: 35,888 Votes All Time: 1,270,233 Votes 1640 VOTES
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