4 homes that sold at massive losses in southern Ontario [Video]

Four homes recently sold for huge losses in southern Ontario.

The latest real estate numbers show prices are down in the GTA. The average selling price, at $1,084,547 last month, was down by 2.2 per cent compared to the February 2024, according to the Toronto Regional Real Estate Board.

However, people who purchased at peak high prices in late 2021 to early 2022 continue to sell for a loss.

There are many examples of homes selling for well under what purchasers paid. A north Oshawa home sold for a $510,000 loss less than three years after it was purchased. A Mississauga home sold for a $445,000 loss in January.

Real estate commentator Shazi found four more recent home sales in the GTA and southern Ontario where the owners took a huge hit.

“Brutal stories are emerging as utility companies cut off power, gas and water, lenders taking over selling for hundreds of thousands under what the homeowners paid,” Shazi said on X.

A home in …