A Mississauga townhouse has sold for a huge loss this month.<\/p>\n
Home prices saw some upward movement in June \u2014 the average hit $1,014,120 in June, just slightly below the June 2025 average of $1,019,578, but well above May\u2019s average price of $971,047, according to Toronto Regional Real Estate Board data.<\/p>\n
Detached homes saw the biggest jump, with the average selling price increasing 8.4 per cent to $1,482,130 month-over-month. This was also up from the June 2025 average of $1,442,898.<\/p>\n
Townhouses and condos, however, saw price declines. The average price of a townhouse, at $883,038, was down from the June 2025 average of $946,389.<\/p>\n
While lower prices are good for buyers, sellers are continuing to lose money if they purchased homes a few years ago.<\/p>\n
Power of sale transactions, which can happen when a homeowner defaults on their mortgage, are increasing across the Greater Toronto Area.<\/a><\/p>\n And homes continue to sell for huge losses. A Mississauga home sold for a $425,000 loss<\/a> in March, another sold for a whopping $1.1 million loss<\/a> earlier in July.<\/p>\n The latest example is a townhouse at \u00a09 \u2013 3665 Flamewood Dr. in Mississauga.<\/p>\n This place sold for $992,000 in February 2022, according to online real estate records.<\/p>\n It was listed for $549,000 this June, and sold for $450,000, a $542,000 loss, this week.<\/p>\n \u201cMississauga townhouses are now 55% down from the 2022 highs,\u201d real estate commentator ShaziGoalie said on X.<\/p>\n The three-bedroom, three-bathroom townhouse is in Applewood Hills. Features include hardwood floors, a patio, custom cabinets in the kitchen, an updated main bathroom and a finished basement with a recreation room and three-piece bathroom.<\/p>\n Mississauga townhouses are now 55% down from the 2022 highs\u2026 pic.twitter.com\/YO9y4aZjQU<\/a><\/p>\n \u2014 Shazi (@ShaziGoalie) July 30, 2026<\/a><\/p>\n Lead photo: Re\/Max Realty Enterprises Inc.\u00a0\u00a0<\/p>\n