{"id":1953,"date":"2026-08-05T08:02:10","date_gmt":"2026-08-05T13:02:10","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/08\/05\/a-115k-loss-why-this-downtown-loft-seller-chose-to-exit-now\/"},"modified":"2026-08-05T08:02:10","modified_gmt":"2026-08-05T13:02:10","slug":"a-115k-loss-why-this-downtown-loft-seller-chose-to-exit-now","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/08\/05\/a-115k-loss-why-this-downtown-loft-seller-chose-to-exit-now\/","title":{"rendered":"A $115K Loss: Why This Downtown Loft Seller Chose to Exit Now"},"content":{"rendered":"<p>The reality of Toronto\u2019s current condo market is starkly illustrated by a recent sale at 10 Morrison St. A one-bedroom plus den loft, which commanded $745,000 in the peak of 2023, recently traded for just $630,000\u2014a $115,000 drop in value over three years. Despite boasting rare downtown assets like an assigned parking spot and a boutique aesthetic, the unit sat on the market for 147 days, enduring three price cuts before finding a buyer.<\/p>\n<p>Listing agent Dino Capocci of Royal LePage Real Estate Services Ltd. notes that the decision to sell at a loss was driven by a lack of market urgency and a growing aversion among investors toward the current rental climate. For many owners, offloading a property is becoming more attractive than navigating the complexities of the Landlord and Tenant Board. For a deeper look at this transaction and what it signals for condo investors, read the full story at The Globe and Mail.<\/p>\n<p><!-- RealEstateToday Source Article --><\/p>\n<div style=\"display:none\" data-original-url=\"https:\/\/www.theglobeandmail.com\/real-estate\/toronto\/article-loft-sells-115000-below-2023-purchase-price\/\"><\/div>\n<p><em>Source: <a href=\"https:\/\/www.theglobeandmail.com\/real-estate\/toronto\/article-loft-sells-115000-below-2023-purchase-price\/\" target=\"_blank\" rel=\"noopener\">Read the original article<\/a><\/em><\/p>\n<p><!-- RealEstateToday Instagram Handles --><\/p>\n<div style=\"display:none\" data-instagram-handles=\"@royallepage\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A downtown Toronto loft just sold for $115,000 less than its 2023 purchase price. Is this a sign of the new reality for GTA condo investors?<\/p>\n","protected":false},"author":3,"featured_media":1952,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178],"tags":[224,182,221,295,207],"class_list":["post-1953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","tag-condo-market","tag-gta","tag-housing-prices","tag-real-estate-investment","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1953"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1952"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}