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 experienced a 31.4% year-over-year increase in home sales in February 2020. New listings were up year-over-year by 10.7%. Average sale price is up 24.5%. The Sales to New Listings Ratio (SNLR) is up 9.6% at 64.8%. SNLR at 55% or more indicates a seller’s market: there are more buyers than properties for sale.
This points to the ongoing housing supply issue in the GTA and suggests that market conditions continued to tighten which points toward an accelerating rate of price growth.
NOTE: includes all home types
|Average Sale Price||$887,218||$712,625||24.5%|
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