Metro Vancouver Housing Collapse

🚨 NEARLY $1 MILLION LOSS IN SCARBOROUGH! AN UNFINISHED DREAM HOME CRASHES 42%! This one has quite the history. 🔹 January 2022: Sold for $2,420,000 🔹 October 2023: Sold for $2,255,000 🔹 November 2026: Sold for $1,299,900 A NEARLY STAGGERING $1M LOSS IN JUST THREE YEARS! Here's where it gets interesting. This custom-built detached home sits on a 61 × 151 ft lot near Lake Ontario and the Scarborough Bluffs. Approximately 3,600 sq ft, 5 bedrooms, 4 bathrooms and a double garage. But there's a catch. The house was unfinished when it sold in 2022. It was still unfinished when it sold in 2023. And now, in November 2026, the latest listing describes it as just 85% COMPLETE! Looking at the listing photos, there appears to have been some progress between 2022 and 2023, but the latest images still show an unfinished interior. The property changed hands for more than $2.2 MILLION in 2023. Three years later, it sold for just $1.3 MILLION. That's also $1.12 MILLION BELOW its January 2022 sale price! And remember, the 2023 buyer didn't purchase at the peak. The unfinished dream home is still waiting to be completed. But the price has already collapsed.

🚨 $585,000 LOSS IN ORO-MEDONTE! EVEN 2 ACRES COULDN'T SAVE THIS ONE! Here's what makes this sale particularly interesting. 🔹 October 2022: Sold for $1,265,000 🔹 May 2024: Sold for $1,715,000 in just 5 DAYS! 🔹 November 2026: Sold for $1,130,000 $585K WIPED OUT IN JUST 2.5 YEARS! A 34% DROP! Think about that. The property actually appreciated by $450K between 2022 and 2024, even as Ontario's housing market was cooling. Then everything reversed. Nearly 2 acres of private, park like land. A custom built home with approximately 3,800 sq ft of finished living space, a 3-car garage, a separate 3-bedroom in-law suite and a backyard backing onto Braestone Golf Club. In 2024, it took just 5 days to sell. In 2026, the property spent 223 days on the market across listings. The final selling price was even $135K BELOW its October 2022 sale price! Remember, the latest buyer didn't purchase at the February 2022 market peak. They purchased in MAY 2024. The housing correction didn't stop in 2022. For some buyers, the losses were only beginning.