A home purchased in 2021 just sold for a huge loss in Mississauga.<\/p>\n
The latest real estate reports show detached home prices have increased.<\/p>\n
The average home price hit $1,014,120<\/a> in June in Mississauga, just slightly below the June 2025 average of $1,019,578, according to Toronto Regional Real Estate Board data, but well above May\u2019s average price of $971,047.<\/p>\n The average selling price of a detached home increased 8.4 per cent to $1,482,130 month-over-month. This is also up from the June 2025 average of $1,442,898.<\/p>\n However, this is much lower than February 2022 when the average price of a detached home reached $1,921,283 in Mississauga, according to TREBB data.<\/p>\n People who purchased in early 2022 are facing huge losses if they are forced to sell now.<\/p>\n A Toronto home sold for a $1.65 million loss<\/a> in February. A Mississauga home sold for a $425,000 loss<\/a> in March.<\/p>\n The latest example is a home at 76 Ben Machree Dr.<\/p>\n The custom-built home sold for $4,225,000 in June 2021, according to online real estate records.<\/p>\n It was listed for $4,249,000 in 2024. The price dropped to $3,999,000 and then $3,889,000 in 2025.<\/p>\n The home finally sold for $3,125,000 last week, a $1.1 million loss.<\/p>\n \u201cBought for $4.225M in 2021. Sold for $3.125M,\u201d real estate commentator ShaziGoalie said on X. \u201cPeople kept saying \u2018detached homes are gold.\u2019 This wasn\u2019t even a peak of the market purchase.\u201d<\/p>\n The Port Credit home, steps from Lake Ontario, offers approximately 7,100 square feet of living space, according to the listing from Re\/Max Real Estate Centre Inc.<\/p>\n Features include a two-storey living room and breakfast room, a main-floor library, a theatre, wet bar, rooftop terrace and a saltwater pool.<\/p>\n \ud83d\udea8 A MISSISSAUGA LUXURY HOME JUST LOST $1.1 MILLION.<\/p>\n Bought for $4.225M in 2021.<\/p>\n Sold for $3.125M.<\/p>\n People kept saying \u201cdetached homes are gold.\u201d<\/p>\n This wasn\u2019t even a peak of the market purchase. pic.twitter.com\/vitREawSZ0<\/a><\/p>\n \u2014 Shazi (@ShaziGoalie) July 12, 2026<\/a><\/p>\n Lead photo: Re\/Max Real Estate Centre Inc.<\/p>\n