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Todor Todorov's blog
26 Dec 2025
Oakville Townhouse Sells for 461,000$ Loss
This newly built home was purchased for $1,351,000 in January 2022, well above the $999,000 asking price, according to online real estate records.
It was put back on the market for $1,245,000 in December 2024, but didn’t sell. The price dropped to $1,220,000 in June. Then the price plummeted to $949,900 as it was listed as a “rare” power of sale opportunity this month.
It finally sold for $890,000 last week, a $461,000 loss.
12 Sep 2025
Prices are down 23% from the peak
The fact of the matter is that the average Greater Toronto Area (GTA) home price — at $1,022,143 — is now down over 23% from the February 2022 peak of $1,334,544, according to Toronto Regional Real Estate Board (TRREB) data released last week. Month over month and year over year, prices came down almost 3% and over 5%, respectively, in August.
On top of that, the GTA is by and large in “underbidding territory,” according to recent data from Wahi. The real estate proptech company revealed last week that 98% of neighbourhoods across the region with at least five home sales in August saw the...
28 May 2024
Turbulent Market
The two-bedroom, two-bathroom apartment, located at 190 Borough Drive in Scarborough, comes with over 1,000 square feet of living space, an open-concept modern kitchen with granite countertops, and stainless steel appliances.
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 uptick in demand and skyrocketing...
16 Jan 2024
2023 was the worst year for real estate in 23 years!
According to the Toronto Regional Real Estate Board, 2023 was the worst year for home sales in the Greater Toronto Area since 2000.
Just under 66,000 homes were reported sold last year in the GTA, compared to previous years which saw a higher number of sales. In comparison, annual home sales in 2021 were almost 121,712, a record number according to the TRREB. Last year, numbers are showing similarities to home sales back in 2000, as just over 58,000 homes were sold.
Notably, real estate agent Kushwant Singh says, “the Bank of Canada has increased interest rates three times in the...
13 Jun 2022
The ticking time bomb of Canadian mortgages
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If you bought a home during the pandemic, you weren’t alone; 1.4 million Canadians did the same. With mortgage rates at record lows, you may feel pretty lucky to be watching all of the increasing housing drama from the comfort of your already-moved-into living room. But before you drizzle any more butter on your popcorn, remember there could be some drama in store for you, too — just as soon as it’s time to refinance. 29 Apr 2022 Increased Rates Are Slowing The Market
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