An Oshawa Home $750,000 Loss has been recorded after a property purchased at peak market prices in 2022 resold for significantly less amid Ontario’s cooling real estate market.
The four-bedroom property located at 1023 Coldstream Drive in north Oshawa was originally purchased for $1.8 million in February 2022, according to online real estate records. At the time, the Ontario housing market was experiencing record-high prices.
The home was relisted in January for $1,079,900 and ultimately sold last month for $1,050,000. That resale resulted in an Oshawa Home $750,000 Loss compared to its original purchase price.
The sale reflects broader market trends across the Greater Toronto Area. According to recent housing data, the aggregate home price in the GTA declined 5.7 per cent year-over-year to $1,084,300 in the fourth quarter of 2025. Nationally, the average sale price in January was $652,941, down 2.6 per cent from the previous year.
Homeowners who bought during the market peak in early 2022 are increasingly facing steep losses when selling today. In previous examples, an Oshawa property reportedly lost $640,000, while a Toronto home sold at a $1.65 million loss. A London, Ontario home also sold at approximately a 40 per cent decline.
The property involved in the Oshawa Home $750,000 Loss is a 3,325 square-foot executive-style residence. It features a main floor office, formal living and dining rooms, a large family room, and an open-concept kitchen. The main level also includes hardwood flooring, a gas fireplace, nine-foot ceilings, and two staircases leading upstairs.
The second level offers four bedrooms, each with its own ensuite bathroom. A separate sunken loft overlooks the front foyer and includes an electric fireplace with a shiplap accent wall and wood mantel.
In addition, the basement includes a self-contained in-law suite with a kitchen, living area, two rooms, a three-piece bathroom, and a separate laundry space, making it suitable for extended family or rental potential.
Real estate commentators have pointed to properties like this as evidence of shifting market conditions. One commentator noted online that a buyer can now purchase a large executive home in Oshawa for around $1 million — something that would have seemed unlikely just a few years ago.
The Oshawa Home $750,000 Loss highlights the financial risks faced by homeowners who entered the market at its peak and are now navigating a correction phase.
