Home purchased for $1.3M sells for a 42% loss in Brampton

Another home has sold for a huge loss in Brampton.

Those who bought homes at extremely high prices in early 2022 in Ontario are now selling at much lower prices.

In Brampton, a home recently sold for a $469,000 loss, and a Mississauga home sold for a $700,000 loss in July. A cottage purchased for $1.9 million sold at a 45 per cent loss.

The latest example is another Brampton home that recently sold for a price near 2020 rates.

The three-bedroom home at 37 Meadowland Dr. was purchased in February 2022 for $1,315,000, according to online real estate records.

It went on the market again in March 2025 for $999,900. It was re-listed a few times and the list price was knocked down to $815,000 in May and $790,000 in July.

The place finally sold for $760,000 in August. This is nearly the same as the 2020 price of $756,200.

“This dated semi-detached was sold in 2022 for more than $300,000 over asking,” real estate commentator Shazi Goalie said on X. “After 4 desperate attempts to sell it this year, the owners finally capitulate to a whopping 42% loss at $555,000. This price is almost identical to the price in 2020.”

The raised bungalow near Gage Park has a self-contained, large basement apartment with a separate entrance.

The backyard has a hot tub connection, a concrete porch, a gazebo with a shingled roof and several fruit trees.

📢 Brampton Blowout

📍Brampton, ON 🇨🇦

Brampton is officially at pre-COVID prices.

This dated semi-detached was sold in 2022 for more than $300,000 OVER ASKING 💸

$300,000 OVER ASKING!!! 😱

After 4️⃣ desperate attempts to sell it this year, the owners finally capitulate to a… pic.twitter.com/QU8hF2cxVh

— Shazi (@ShaziGoalie) August 14, 2025

Lead photo: HomeLife/Miracle Realty Ltd.