Doug Ford listed his Etobicoke home for sale on July 15 with an asking price of just under $3.2 million.
But that listing was terminated on Monday and the premier has now re-listed the property at $2,800,888.
It’s an increasingly common tactic in a real estate market that has now seen four consecutive months of falling prices amid an aggressive rate hike cycle from the Bank of Canada.
In fact, Toronto-based real estate platform Strata released a report this month saying that closed listings in the GTA have increased by 643 percent since the beginning of the year.
RBC is also warning of a “historic” housing correction that could see average Ontario home prices fall 14 per cent from their peak in February.
Ford’s home has been targeted by protesters on several occasions, particularly during the COVID-19 pandemic.
In June 2021, a 44-year-old man allegedly armed with a butcher knife was arrested on Ford’s doorstep by Ontario Provincial Police, however the premier and his wife were not at home at the time of the incident.
The two-story property has six bedrooms, four bathrooms and nearly 4,500 square feet of living space,” according to the listing.
Ford has previously said he plans to move into his late mother’s house, which is nearby.
