Mississauga

established 1805

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About Mississauga

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.

mississauga
mississauga

September 2020 Summary

The Toronto Regional Real Estate Board reported the following for the GTA for the month of September 2020:

  • The AVERAGE SALE PRICE in September 2020 was up by 14% year over year
  • The NUMBER of SALES was up by 42.3% compared to September 2019

Three take-aways:

  1. Year-over-year sales growth in September continued to be driven by ground-oriented market segments, including detached and semi-detached houses and townhouses.
  2. The relatively better supplied condominium apartment segment experienced a comparatively slower pace of price growth.
  3. Annual growth rates were also higher for sales reported in the GTA regions surrounding the City of Toronto.

To help decipher the data in the adjacent table (including data for detached only), when the Sales to New Listings Ratio (SNLR) is:

  • 55% or more = SELLER’S MARKET = more buyers than properties for sale
  • Between 36% and 54% = BALANCED MARKET = about the same number of properties for sale as there are buyers
  • 35% or less = BUYER’S MARKET = more properties for sale than there are buyers
market update
market update

Year-Over-Year Summary

2020 2019 % Change
Sales 417 262 59.2%
New Listings 666 631 5.5%
Active Listings 557 747 -25.4%
Average Sale Price $1,265,747 $1,098,793 15.2%
SNLR 62.6% 41.5% 21.1%
listings
listings

Area listings


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