5937 Rayshaw Crescent, a five-bedroom detached home on a cul-de-sac in Streetsville, Mississauga, was listed at $1,795,000 on 9 July 2026 and sold firm on 19 July 2026 at $1,731,111 — $63,889 under asking, or 96 per cent of list, at about $491 per square foot on 3,525 finished square feet above grade. It closed on 17 August 2026. I acted for the buyer. Three things moved the price: there was no offer date, so it was a negotiation rather than a blind auction; the property had been marketed earlier at a higher price and relisted, which the listing’s own fields do not show you; and it was priced realistically, which told me I was dealing with a seller who wanted a clean sale.
A five-bedroom detached home on a cul-de-sac in Streetsville, Mississauga. I acted for the buyer. The property closed at $1,731,111 against a list price of $1,795,000 on the listing that sold — $63,889 under asking, or 96 per cent of list — and the property had been marketed earlier in a separate campaign at a higher price before it was relisted.
| T | h | e | n | u | m | b | e | r | s | , | f | r | o | m | t | h | e | M | L | S | r | e | c | o | r | d | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Address | 5937 Rayshaw Crescent, Mississauga (Streetsville) | ||||||||||||||||||||||||||||||
| Listing that sold | Contract date 9 July 2026 | ||||||||||||||||||||||||||||||
| List price on that listing | $1,795,000 | ||||||||||||||||||||||||||||||
| Sold firm | 19 July 2026 — 10 days on market | ||||||||||||||||||||||||||||||
| Sold price | $1,731,111 | ||||||||||||||||||||||||||||||
| Difference from list | $63,889 under — 96 per cent of asking | ||||||||||||||||||||||||||||||
| Closed | 17 August 2026 | ||||||||||||||||||||||||||||||
| Earlier marketing | The property had been on the market previously at a higher price and did not sell at that level. It came off and was relisted at $1,795,000 | ||||||||||||||||||||||||||||||
| Above-grade size | 3,525 finished square feet — about $491 per square foot paid against an asking equivalent of about $509 | ||||||||||||||||||||||||||||||
| My side | Buyer. Co-operating brokerage RE/MAX Quantum Realty |
Why the price moved
There was no trick and no leverage that was not already sitting on the record. Three things did the work, and all three are repeatable.
1. There was no offer date, so it was a negotiation and not an auction
This is the single biggest structural difference between the two ways a house gets sold in this market. When a listing sets an offer date, you get one blind shot at a number against competition you cannot see, and the only lever you have is price. When there is no offer date, you are negotiating with one seller across a table, you can go back and forth, and you can attach conditions without automatically losing.
5937 Rayshaw had no offer date. That is the environment where a buyer can actually be represented rather than simply told to bid higher.
2. The property had already been on the market once
It had been marketed earlier at a higher price, did not sell at that level, came off, and came back at $1,795,000. That history is the negotiating position, and it is a matter of record that any agent can pull.
Here is the part most buyers never learn: the listing you are looking at does not show you that. When a property is relisted, the “original price” field resets to the new asking price and the days-on-market counter starts again at zero. This listing reads as ten days on market at an unchanged $1,795,000. The property’s actual story was longer than that, and knowing it changes what you are willing to open at.
TRREB publishes two separate measures for exactly this reason — Listing Days on Market and Property Days on Market — and even the second one only bridges relists by the same combination of seller and brokerage within the original listing contract period. So the number on the screen is a floor, not a fact. Ask your agent to check whether the property has been listed before, at what price, and for how long. It takes about two minutes and it is the cheapest research in the transaction.
3. It was priced sensibly, which told me what kind of seller I was dealing with
A property listed at a realistic number and sold in ten days is not a distressed file, and it is not an under-listed one being run up on purpose. That combination tells you the seller wanted a clean sale rather than a spectacle, which is precisely the seller who will move on price for a straightforward buyer. The read on the seller came before the offer, not after it.
Ten days on market and $63,889 under asking are the same fact viewed twice: the seller was priced to sell and wanted it done. The job was to be the buyer who made that easy — clean, quick, and credible — and to know from the listing history that there was room to ask.
What a buyer should take from this
None of the below is specific to this house.
| F | o | u | r | q | u | e | s | t | i | o | n | s | t | o | a | s | k | b | e | f | o | r | e | y | o | u | n | a | m | e | a | n | u | m | b | e | r | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Is there an offer date_ | It decides whether you are negotiating or bidding. Everything else follows from the answer | ||||||||||||||||||||||||||||||||||||||||||||
| Has this property been listed before_ | At what price, for how long, and how many times. The current listing will not tell you | ||||||||||||||||||||||||||||||||||||||||||||
| How long has it been on this listing_ | Days on market is a signal about the seller’s patience, and it resets on a relist | ||||||||||||||||||||||||||||||||||||||||||||
| Does the asking price make sense against recent sales_ | A realistic list price and a fast sale mean a motivated, rational seller. An under-listed one means a queue |
A note on how I write these. An earlier version of this page reported that the property listed and sold at its original price with no price change, because that is what the successful listing’s fields said. It was a relist and the fields do not carry history across one. I have corrected it and left this note here rather than quietly editing it out.
What is not on this page
My buyer is not described here in any way, and neither are the vendors. Who they are, what they wanted, what they could afford and what we discussed are not mine to publish. The price, the dates and the property details are matters of record in a completed and closed sale. Everything else stays where it belongs.
Buying in Mississauga or Etobicoke and want the same read before you offer?
Send me the address before you name a number. I will pull the full listing history — every prior campaign, every price, every relist — check whether there is an offer date, and tell you plainly where the room is and where there is none. No cost and no obligation, and I will tell you if the answer is walk away.
connect@jatindua.com · 437-987-1925 · Book a free consultation
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Frequently asked questions
What did 5937 Rayshaw Crescent sell for?
It sold for $1,731,111 on 19 July 2026 against a list price of $1,795,000, which is $63,889 under asking or 96 per cent of list, after 10 days on market. The sale closed on 17 August 2026. On 3,525 finished square feet above grade that is roughly $491 per square foot paid against an asking equivalent of about $509.
How did the price end up $63,889 below asking?
Three things, none of them a trick. There was no offer date, so it was an open negotiation rather than one blind shot against unseen competition. The property had been marketed earlier at a higher price and relisted, which is a negotiating position sitting in plain sight on the record. And it was listed at a realistic price and sold in ten days, which told me the seller wanted a clean, fast sale rather than a bidding contest.
Was there an offer date or a bidding war?
No. The property was listed at a realistic price rather than under-listed to manufacture competition, and no offer date was set. That structure is what makes a negotiation possible. With an offer date you get one blind number against competition you cannot see; without one you can go back and forth and attach conditions without automatically losing the property.
Was the price reduced before it sold?
Yes, but not on the listing that sold. That listing was a relist: the property had been marketed earlier at a higher price, came off the market, and was listed again at $1,795,000. On the successful listing the original and final list price both read $1,795,000 and days on market reads 10, because a relist starts those fields fresh. This is worth understanding generally — the “original price” and “days on market” you are shown describe the current listing, not the property.
How do I find out whether a property has been relisted?
Ask your agent to pull the property’s listing history rather than the current listing. TRREB publishes Listing Days on Market and Property Days on Market as separate measures precisely because the first one resets, and even Property Days on Market only bridges relists by the same combination of seller and brokerage within the original listing contract period. So neither number is a complete history. The history itself is available to any agent in about two minutes.
Does a fast sale mean the buyer overpaid?
Not on its own. Days on market tells you how the property was priced relative to the market, not how well the buyer did. A realistic list price attracts a serious buyer quickly; an under-listed one attracts a queue and a higher final number. Ten days at 96 per cent of asking describes a seller who priced to sell and a negotiation that got done, which is a different thing from a property nobody wanted.
Why is your client not mentioned anywhere on this page?
Because none of that is mine to publish. The price, the dates and the property details are matters of record in a completed sale. Who my buyer was, what they wanted, what they could afford and what we discussed are not, and they stay out. The same applies to the vendors, whose names appear on the MLS record and are deliberately not reproduced here, along with the registry identifiers, the legal description and the commission terms.
Related reading
- Toronto West market report, July 2026
- Seller disclosure in Ontario: latent defects, patent defects and stigma
- Title insurance in Ontario: what it covers, what it does not
- Your agent will not cancel the agreement: what actually works
Sources
Every figure on this page traces to one of these, and each was read on 30 August 2026. Primary sources only — statute, regulation, and the government or agency that administers the rule. Where I could not verify something from a primary source, the page says so instead of guessing.
- TRREB MLS System listing record, MLS# W13542206 — 5937 Rayshaw Crescent, Mississauga. Toronto Regional Real Estate Board MLS System record, printed 31 August 2026. Contract date 9 July 2026, sold 19 July 2026, closing 17 August 2026. Original and final list price $1,795,000; sold price $1,731,111; days on market 10. Listing brokerage RE/MAX Real Estate Centre Inc.; co-operating brokerage RE/MAX Quantum Realty. Identifying vendor information, registry identifiers and commission terms from that record are deliberately not reproduced on this page. Accessed 30 August 2026.
- TRREB Market Watch, Simcoe County edition, June 2026 (PDF). Toronto Regional Real Estate Board. Footnote 5 defines Average Listing Days on Market and Average Property Days on Market, the latter counting irrespective of whether the property was listed more than once by the same combination of seller and brokerage during the original listing contract period. Accessed 30 August 2026.
About the author — Jatin Dua, Etobicoke real estate agent
I’m the Broker of Record at RE/MAX Quantum Realty, 799 The Queensway in Etobicoke. I write these pages the same way I work a file: read the primary source, quote it, date it, and say plainly where the source is silent or where two sources disagree. If a figure on this page has no citation beside it, that is a mistake and I want to hear about it.
I work with buyers, sellers, renters and investors across Etobicoke, Mimico, Humber Bay Shores, New Toronto, Long Branch, Alderwood and Stonegate–Queensway. connect@jatindua.com or 437-987-1925.