One Brampton home that sold for more than $1.8 million just four years ago has traded hands at a nearly $820,000 loss amid a wave of low re-sales across Ontario. (Photo: RealMedia tours on YouTube)
One Brampton home that sold for more than $1.8 million just four years ago has traded hands at a nearly $820,000 loss amid a wave of low re-sales across Ontario.
The 4+2-bedroom, five-bathroom home on Midnightsun Trail in Brampton was listed in 2021 at $1,299,000, and was bought for $1,261,000 in May of that year.
It was then sold again less than a year later in January 2022 and saw a massive price jump up to $1,802,000.
But fast-forward to last week, and the two-storey home with an in-ground pool has again been sold at a 45.45 per cent loss with a sale price of $983,000. The home – which also features a finished basement suite with a private entrance – was sold “as is, with the home appearing emptied out and the fridge missing,” says local real estate watcher @ShaziGoalie.
“Four years ago, buyers were fighting to get in. Today, the question is how much further this market can fall,” he said in a post on X.
🚨 BRAMPTON HOUSING BLOODBATH! $820K WIPED OUT!
2022: Sold for $1,802,000
2026: Sold for $983,000
A staggering $820K (45%) LOSS.
6 bedrooms. 5 bathrooms. Finished basement with separate entrance. In-ground pool.
Now selling AS IS, with the home appearing emptied out and the fridge missing.
Four years ago, buyers were fighting to get in.
Today, the question is how much further this market can fall.
— Shazi (@ShaziGoalie) October 21, 2026
Several Brampton homes that sold for over $1 million in past years have been liquidated recently under “power of sale” – a type of mortgage clause that permits the lender to foreclose on and sell a property when the borrower defaults on the loan.
One home on Gulfbrook Circle in Brampton was bought in February 2022 for $1,715,000, and listed multiple times in 2025 with an asking price of $1,429,000, and later lowered to $1,199,900. The detached property was listed again in August for $969,900 and sold earlier this year for $968,000 – a loss of $747,000.
Data released by Equifax earlier this year showed the number of delinquent mortgages in Ontario were up in 2026, while Brampton has the highest rate in the country – more than twice the Canada-wide average. The numbers showed mortgage delinquencies jumping 52 per cent in Ontario during the first quarter of 2026, with missed payments up to 0.36 per cent from 0.24 per cent year-over-year.
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