New homeowners may be “feeling the sting” of falling house prices in a number of Ontario cities, including Burlington, which fared the worst compared to other Canadian cities over the past 12 months, according to a recently released report. The Point2Homes report, which reviewed condo and single-family home prices in Canada’s largest cities in 2022 and 2023, found that owners of single-family homes in Burlington who bought at the end of 2022 lost an estimated $163 every day for a year for a total of nearly $60,000.

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