Home purchased for $1.6M sells for 45% loss in Brampton

A home purchased for peak high 2022 prices sold for a huge loss in Brampton.

The latest real estate numbers show some signs of recovery. The average home price in the Greater Toronto Area increased 3.6 per cent month-over-month, or approximately $40,000, reaching $1,059,377 in September, according to the latest report from real estate brokerage Zoocasa.

But some people who purchased homes at 2022 prices are struggling to keep up. A St. Catharines home sold for 70 per cent less than the 2022 price. A home purchased in early 2023 sold for a 60 per cent loss in Hamilton in September, and a Niagara home sold for a $300,000 loss this summer.

This latest example is a four-bedroom home at 22 Nottingham Cres. in Brampton’s Westgate neighbourhood.

The home sold for $1,650,000 in January 2022, according to online real estate records.

It was listed for sale in February 2023 for $1,300,000, but didn’t sell. The list price went up to $1,499,000 in May 2023. It was listed for the same price in April 2024, but there were no takers.

The price dropped to $1,169,000 in March 2025, and it finally sold this month for $900,000 — a $750,000 loss.

“This is huge — probably the biggest loss by percentage I’ve seen in Brampton,” said real estate commentator ShaziGoalie on X.

The detached home is in a family-friendly neighbourhood and features a family room, a large formal living room with picture windows, hardwood flooring and a main floor laundry room.

The finished basement has three additional bedrooms, a kitchenette, a recreation room, a family room with a fireplace, and a four-piece bathroom.

📢 Obliteration in Brampton

📍Brampton, ON 🇨🇦

This is huge — probably the biggest loss by percentage I’ve seen in Brampton 😳

To add salt to the wound, the lender sold it for over $100K under the outstanding mortgage amount 💀 pic.twitter.com/wmtXGLA5U7

— Shazi (@ShaziGoalie) October 11, 2025