Toronto-area homeowners are selling properties at a loss

AI-summarized · Neutrality-checked

Data from real estate listing website HouseSigma indicated that eight in 10 homes in the Toronto area, purchased between three and five years ago and resold in the first seven months of 2026, sold for less than their original purchase price. This shift occurred as buyers who entered the market during the 2021 and early 2022 housing frenzy faced a market reversal. The reported median loss for these sellers was $130,000, or 13.54 percent of the property value.

Consequences

Homeowners who have the capacity to continue carrying their properties may choose to wait for potential value recovery rather than listing them for sale. For those unable to sustain current carrying costs, the data suggests continued financial losses on property divestments.

Sources

Know where. Know why.