Toronto Homes Losing Millions | Toronto News

A North York mansion once selling for $3.61M in 2017 just sold for $2.48M — a $1.13M drop in under nine years — proving timing is everything in real estate. Even with luxury features like a chef’s kitchen, home theater, and heated floors, the market simply wasn’t buying at the original price. Toronto’s housing scene is tightening: sales dipped slightly, but new listings fell 18%, squeezing buyer options. Average prices are down 4.5% year-over-year, hovering around $1M, as uncertainty over tariffs, inflation, and rates keeps many on the sidelines. Similar drops are seen across Mississauga, Newmarket, Caledon, and Brampton — a stark reminder of how volatile today’s housing market really is. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/698d7cded2a8753f