Another home has sold for a huge loss in Mississauga, Ontario.
Home prices are down from a year ago. The average selling price was down 7.1 per cent from February 2025 to $1,008,968, the Toronto Regional Real Estate Board found.
Sales are also down— 3,868 homes changed hands in February, down 6.3 per cent from the same month last year.
Homeowners looking to sell now are taking lower prices.
A home in Oshawa sold for a $750,000 loss in February. A Toronto home sold for a $1.65 million loss last month. A home in London, Ontario, sold for a 40 per cent loss.
This latest example is a three-bedroom home at 5358 Flatford Rd. in Mississauga’s East Credit area.
The home sold for $1,665,000 in May 2022, according to online real estate records.
It was listed in early 2025 for $1,749,999, but didn’t sell. The price dropped throughout 2025, and the basement unit was also listed for lease.
By January, the price had come down to $1,399,000. It finally sold for $1,240,000 this month.
“That’s a $425K loss,” real estate commentator ShaziGoalie said on X.
The home was “priced to sell,” the listing stated.
It sits on a pie-shaped lot. The home recently underwent over $150,000 in upgrades.
Features included pot lights, a large family room, an upgraded kitchen and a fully-finished, one-bedroom basement apartment with a separate entrance.
Mississauga detached home:
2022 ➡️ $1,665,000
2026 ➡️ $1,240,000
That’s a $425K loss.
But remember…
people said detached homes “only go up.” pic.twitter.com/v7sL2LoL9e
— Shazi (@ShaziGoalie) March 10, 2026
Lead photo: Team Panag Real Estate Inc.
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