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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…
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