Toronto Homes Selling at Historic Losses as Oil Shock and Tariffs Squeeze Housing

80% of Toronto-area homes purchased between 2021 and 2023 and resold in the first seven months of 2026 sold for less than the original purchase price, with a median loss of $130,000 — a staggering 13.54% haircut. That's a universe away from the pre-2025 norm, when fewer than 4% of resales in the same three-to-five-year hold period ended underwater. The reversal has been swift: the underwater share jumped to 34.6% in 2025 before skyrocketing to 80.2% this year,...