Entry-level homes in Mississauga and Brampton are selling at significant losses, reflecting a sharp correction in the GTA real estate market. Two homes, one in Malton and another in Brampton’s Mount Pleasant, sold for $375,000 and $390,000 less than their peak prices in 2022. First-time buyers who purchased during the 2022 housing boom are facing substantial financial losses despite desirable home features.
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