One in four GTA resales just sold for less than the seller paid
Valery analysis of 27,271 GTA resales in the year to Oct 24, reported Oct 29: 24.8% sold below their previous purchase price, median loss 11%; Toronto 28% below, 38% after transaction costs; condos 38% below vs detached 20%; 80% of 2021 to 2022 purchases that resold went below purchase price.
Investor impact: a deep, documented motivated-seller pool in the GTA, worst in condos and pandemic-era buys. Offer discipline, not asking prices, sets value here.
Source: https://realestatemagazine.ca/gta-sellers-face-widespread-resale-losses-cmhc-warns-ontarios-mortgage-troubles-arent-over/
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