Mississauga
established 1805
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DISCOVER
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.
market update
market update
Comparative Analysis
| 2021 | Y/Y | M/M | |
|---|---|---|---|
| Sales | 525 | 111.7% | 49.6% |
| New Listings | 752 | 40% | 40.8% |
| Active Listings | 351 | -26.4% | 13.2% |
| Average Sale Price | $1,582,786 | 24.3% | 4.4% |
| SNLR | 69.8% | 23.6% | 4.1% |
Source: TRREB Market Watch Report – Summary of Existing Home Transactions (Detached)
mississauga
mississauga
March 2021 Summary
Mississauga experienced a 111.7% year-over-year increase in home sales in March 2021. New listings were up by 40.% year-over-year. Average sale price was up 24.3% compared to March 2020. The sales to new listings ratio (SNLR) was up 23.6% to 69.8%. SNLR at 55% or more indicates a seller’s market; there are more buyers than properties for sale. Month-over-month, the gap between sales (+49.6%) and new listings (+40.8%) narrowed, indicating that perhaps Mississauga will see a more balanced market in the near future.
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