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Potential home buyers might find some lower prices across Ontario this winter.
Winter is typically a slower time in real estate with fewer listings. While some areas in the GTA saw price increases recently, the market remains sluggish.
In November, GTA home sales jumped on a year-over-year basis. The average selling price rose 2.6 per cent compared with a year earlier to $1,106,050. But home prices are still well below their historic peak, Toronto Regional Real Estate board president Jennifer Pearce said in the November report.
There are several examples of homes selling at a loss in Brampton and Oakville. While there may be a market recovery in 2025, many sellers are lowering prices.
Real estate brokerage Zoocasa has a few examples of properties that have lowered their price in recent weeks.
Here are five Ontario homes that have seen price drops:
580 King George St., Peterborough
Photo: Exit Realty Liftlock
This three-bedroom home is in a peaceful neighbourhood in Peterborough’s south end. Features …
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