First-Time Buyers Face Major Losses as Entry-Level Homes Sell for $350K Below Peak in Mississauga and Brampton

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 market peak face substantial financial losses despite desirable home features, highlighting the market's volatility and risks.