Despite the Bank of Canada’s second rate cut this past month, many homebuyers remain hesitant to enter the market due to still-high interest rates. As a result, many properties have had to adjust their initial prices, including these ten properties across Ontario.
Price Drops
10 Becky Cheung Crt – Toronto
Property Details
- 4 bed, 4 bath
- 4 parking
- Detached
This almost brand-new Toronto family home was originally listed for over 3 million, but recently was dropped down to just under $2.7 million. Nestled in a private cul-de-sac with convenient access to the Yonge and Finch subway stations, this home is perfect for anyone looking for the luxury of a house but wanting the convenience of living in the city.
View the listing here.
32 Foxbar Rd – Toronto
Property Details
- 5 bed, 4 bath
- 2 parking
- Detached
With five bedrooms and four bathrooms, this well-kept home combines classic beauty with contemporary conveniences. Adjacent to a family area, the gourmet kitchen features sleek worktops and high-end appliances. Large bedrooms, including an opulent master suite with an en suite bathroom, can be found upstairs. And best of all, this house’s price tag dropped by over $340,000 this month!
View the listing here.
23 W Park Ave – Hamilton
Property Details
- 8 bed, 5 bath
- Finished basement
- Detached
This 4-bedroom, 4-bath house recently saw an over $200,00 price drop. Located in Hamilton’s lovely Ainslie Wood North neighborhood, it offers a finished basement, an inground pool, and a massive lot.
View the listing here.
14 Bentwood Cres – Thornhill
Property Details
- 4 bed, 5 bath
- 7 parking
- Detached
This spacious, 4-bedroom home saw a drop in price of over $160,000 this month. The Thornhill home has a finished basement apartment, 9-foot ceilings, and a customized kitchen with high-end appliances.
View the listing here.
81 Parkside Dr – Oro Medonte
Property Details
- 2 bed, 1 bath
- 10 parking
- Detached
Considering waterfront living? Located between Barrie and Orillia, this all-season home offers a picturesque waterfront view and opportunities for cohabitating with multigenerational families or older children with a bunkie and loft over the garage. It was originally listed for over $2.4 million in 2023 and is currently up for sale for almost $2.2 million.
View the listing here.
Price Increases
1445 Willowvale Gdns – Mississauga
Property Details
- 4 bed, 4 bath
- 4 parking
- Detached
This two-story, fully detached house provides the ideal blank canvas for your dream living space and recently saw a price jump up of over $170,000. It has a great layout, with roomy first-floor areas that flow into one another effortlessly and roomy, well-proportioned bedrooms on the second level. The basement has two sets of stairs leading down to an open activity space encircled by three spacious bedrooms and a covered patio space. The garage has a high roof that may be used for additional storage, two windows, and a side door.
View the listing here.
51 Classic Dr – Brampton
Property Details
- 4 bed, 4 bath
- 9 parking
- Detached
This stunning Brampton home has seen over $300,000 in upgrades and an over $200,000 increase in price. The updated gourmet kitchen in this house is a chef’s paradise, complete with a custom pantry, an enlarged island made of a bamboo butcher block, built-in appliances, and bespoke cabinets for the fridge and freezer. A complete home theater is included in the entertainer’s ideal lower level.
View the listing here.
1923 – 10th Line – Innisfil
Property Details
- 7 bed, 6 bath
- 10 parking
- Detached
If you’re looking for a home tailored to multigenerational living, this Innisfil home is absolutely perfect. Situated on a 1.3 acre lot, this entertainer’s home features over 8,500 sqft of finished living space, including a fully finished main house, a pool house, and separate studio space, making it truly one of a kind. The price recently increased by over $300,000, up from its nearly 2 million price tag.
View the listing here.
1 Applefield Dr – Scarborough
Property Details
- 3 bed, 2 bath
- 3 parking
- Bungalow
If you want a house with rental potential, this Scarborough bungalow has a fully finished basement apartment, complete with a full kitchen and its own laundry room. With a recent price increase of over $140,000, this home is in a highly sought-after location.
View the listing here.
1731 Arborwood Dr – Oshawa
Property Details
- 4 bed, 5 bath
- 4 parking
- Detached
Located in one of the most pristine neighborhoods in Oshawa, this 2-storey detached house saw an increase of over $190,000 this month. With a gourmet kitchen, servery, and custom-built pantry on the main floor, this open-concept, functional layout includes 9′ ceilings on the main level. Each bedroom has a walk-in closet with an integrated organizer, and there are four bedrooms, three bathrooms, and a loft on the second floor.
View the listing here.
Are you looking to enter the real estate market this summer? Give us a call today! One of the experienced agents at Zoocasa will be more than happy to help you through the exciting home-buying process!
