Toronto apartment sold at significant loss shows just how turbulent market is

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A Toronto apartment sold at a massive loss last month demonstrates just how much prices in the city's real estate market tend to vary year-over-yea...

A Toronto apartment sold at a massive loss last month demonstrates just how much prices in the city's real estate market

According to the listing, the building itself also comes with its fair share of amenities, including 24-hour security, a gym, pool, sauna, BBQ area, party room, and visitor's parking.After roughly one week on the market in February 2022, the apartment sold for $868,000, at a time when the city's real estate market saw an

Over the past few months, more and more properties in and around Toronto have been selling at massive losses, including onesays prospective home buyers in the GTA benefited from more choice in the market throughout April 2024, as well as little movement in the average selling price.

 

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