5 Toronto Condo Listings With Big Price Reductions

Toronto's once hot real estate market has cooled off, and sellers are having to adjust their prices accordingly. Buyers are now paying nearly 1% under asking, and the amount of terminated listings has risen by 643% since January. Here are five Toronto condo listings with major price reductions. 50 Power St, Unit 1119 in Corktown has seen a steep price reduction of $250,000. 766 King St W, Unit 209 in King West has seen a major price reduction of $91,000.

160 Baldwin St, Unit 201 in Kensington Market has seen a major price reduction of $795,000. This Kensington Market unit has been relisted with a $54,000 price reduction, likely to bring the "days on market" back down to zero. It features a loft-style layout with 900 square feet of space, large south-facing windows, high ceilings, and an open concept design. A one-bedroom-plus-den in Midtown has seen a $50,000 price drop, and a two bedroom unit in Queen West has seen a $50,000 price drop despite all renovations. The kitchen offers granite countertops, glossy modern cabinetry, and a double convection oven.