Another home which once sold for over $1.6 million in Brampton has been sold at a loss of over $500,000. (Photo: GTA-Homes.com)

Another home which once sold for over $1.6 million in Brampton has been sold at a loss of over $500,000.

Brampton’s real estate market has seen several properties sold at big losses in recent years, including a home that finally sold in March after several re-listings for $1.22 million for a loss of $513,000.

The trend isn’t exclusive to Brampton, with sellers in Oshawa (sold for a $750,000 loss), Toronto (sold for a $1.65 million loss) and Mississauga (sold for a $425,000 loss) taking hits when reselling properties.

One 4+2-bedroom, two-story home bought in Brampton in February 2022 sold last week for $1,072,999 – a loss of around $587,000.

“The owners tried to hold on. The market kept saying no,” said real estate watcher @ShaziGoalie said in a post on X, adding the owners eventually “took the loss and moved on.”

A Brampton detached just sold for nearly $600,000 less than its 2022 purchase price.

🔹 Purchased Feb 2022: $1.66M
🔹 Sold May 2026: $1.073M
🔹 Roughly a $587K loss before fees, taxes, and carrying costs

The owners tried to hold on.

The market kept saying no.

First at… pic.twitter.com/SucoZAdj48

— Shazi (@ShaziGoalie) May 29, 2026

The home was first sold in 2017 for $765,000, and traded hands again the next year for $760,000. Then in 2022, the home sold for $1,660,000. It was listed for sale at $1,325,000 in February, then reduced to $1,239,000 in April before selling for $1,072,999.

Back in August, a home once bought for $1.3 million sold for $469,000 loss in Brampton, while another property bought for over $1.7 million sold at $520,000 loss.

Data shows the number of delinquent mortgages in Ontario is up this year while Brampton has the highest rate in the country – more than twice the Canada-wide average.

The numbers come from Equifax and show mortgage delinquencies jumping 52 per cent in Ontario during the first quarter of 2026, while delinquent payments have hit 0.64 per cent in Brampton.

Pressures adding to the high rate of delinquent mortgages in Brampton include many homeowners renewing properties purchased during the pandemic era at significantly higher rates, declining home value and prices, rising unemployment, and homeowners who stretched affordability during the peak market.


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