Mississauga

established 1805

discover
DISCOVER

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.

april 2019
April 2019

Market stats

City Average Sale Price Active Listings New Listings Sales Sales to New Listings Ratio Months of Inventory
Toronto $1,355,764 2,126 2,050 982 48% 2.16
Mississauga $1,115,033 715 662 317 48% 2.26
Georgetown $884,780 156 135 65 48% 2.40
Milton $858,954 183 197 123 62% 1.49
Oakville $1,332,573 642 477 181 38% 3.55
Burlington $960,274 340 285 157 55% 2.17
evaluation
evaluation

market conditions

seller’s market

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

balanced market

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

buyer’s market

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
summary
summary

Market update

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.

april 2019
April 2019

Year-Over-Year Summary

2019 2018 % Change
Sales 317 256 23.83%
New Listings 662 624 6.09%
Active Listings 715 726 -1.52%
Average Sale Price $1,115,033 $1,098,911 1.47%
listings
listings

Area listings


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