Formed in 1974, Mississauga is now recognized as Canada’s 6th largest and fastest growing major city with a population of 729,000 residents representing cultures from around the world. Home to Canada’s largest airport, Toronto Pearson International, Mississauga is considered Canada’s gateway.
Mississauga has more than 480 parks and 23 major trail systems including part of a 485 mile (780 km) waterfront trail running from Niagara-on-the-Lake to the Quebec border.
Mississauga offers family-oriented sports, leisure and arts facilities with 11 community centres and a vibrant downtown city centre with major retail, office, entertainment and condo living.
|City||Average Sale Price||Active Listings||New Listings||Sales||Sales to New Listings Ratio||Months of Inventory|
0-4 months of inventory
- all current listings can expect to be sold within 4 months
sales-to-listings ratio is 55% or more
- more buyers than properties for sale
5-8 months of inventory
- all current listings can expect to be sold within 5 to 8 months
sales-to-listing ratio is between 34% and 54%
- about the same number of properties for sale as there are buyers
9 or more months of inventory
- it would take 9 months or longer for all current listings to be sold
sales-to-listing ratio is 35% or less
- more properties for sale than there are buyers
In Mississauga, the annual growth rate for new listings was much lower than that reported for sales. New listings were up year-over-year by 6.09% while homes sales were up 23.83% in April 2019. This points to the ongoing housing supply issue in the GTA and suggests that market conditions continued to tighten which points toward an acceleration in price growth.
|Average Sale Price||$1,115,033||$1,098,911||1.47%|
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