Mississauga Housing Market Report

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Market Report Summary
Updated October 13th, 2021
  • Mississauga’s housing market saw average sold prices and sales activity increase compared to last month, but sales activity is still down year-over-year
  • Detached homes enjoyed a 7.5% increase in its average sold prices compared to last month, while condo average sold prices remained largely unchanged
  • Detached home prices increased by 26% year-over-year to $1.59M
  • Semi-detached home prices increased by 18% year-over-year to $1.03M
  • Townhouse prices increased by 22% year-over-year to $1.03M
  • Condo apartment prices increased by 13% year-over-year to $590K

Mississauga Housing Market Overview

Data for September 2021
Avg. Sold Price:$1,037,972
All Property Types:$1,037,972
Detached:$1,594,863
Semi-Detached:$1,032,111
Townhouse:$1,032,179
Condo:$589,780
Condo Apartment:$790,133
Transactions (Buy/Sell):862
All Property Types:862
Detached:297
Semi-Detached:99
Townhouse:30
Condo:285
Condo Apartment:149

There’s one clear direction that Mississauga’s housing market went in during September 2021, and that direction is up. Sales activity and average sold prices for all property types went up this September compared to August 2021. However, this uniform monthly increase becomes mixed when year-over-year changes are looked at instead. Average home sold prices are also up year-over-year for Mississauga, but sales activity is down year-over-year for most property types. This is largely due to 2020's abnormal real estate market, which pushed sales activity into the second half of the year.

Limited supply and rising average sold prices have stayed in Mississauga this month. Detached homes saw a 7.5% monthly increase in average sold prices, and a 23% increase in transactions. Semi-detached homes saw a comparatively paltry monthly price increase of 0.5%, and a 5.3% increase in sales. Townhouse average sold prices rose 6.9%, with a 36.6% increase in sales. Condo apartment average sold prices remained largely unchanged compared to last month. Overall, Mississauga had 862 transactions in September 2021, a 19% decrease year-over-year but up 5% monthly, with an average sold price of $962,679 for a 14% year-over-year increase and a 7.8% monthly increase. Detached homes in Mississauga saw an year-over-year price increase of 26%, ending at an average sold price of $1,594,863 for September 2021, yet saw a massive 29% decrease in transactions year-over-year. Semi-detached homes saw an equally large 42% decrease in transactions YoY, while average sold prices for Mississauga semi-detached homes increased 18% year-over-year to $1,032,111.

Mississauga townhouse average sold prices surged past semi-detached average prices this month, with a 22% YoY increase to $1,032,179, and a 21% decrease in transactions year-over-year. Condo apartments continued to see the smallest price increase, at 13% year-over-year to $589,780, but was still the only category to see an increase in year-over-year sales as Mississauga’s condo market roars back to life. Condos saw a 11% increase in transactions, with total condo apartment transactions in Mississauga being more than all semi-detached and townhouse transactions combined. This shows a resumption in appetite for condos, at the expense of detached and semi-detached homes.

Home Prices in Mississauga

Single-Family Detached Home Prices in Mississauga

Statistics for September 2021
Average Price: $1,594,86326.0% from Sep. 2020
Units Sold: 297-28.8% from Sep. 2020
New Listings: 415-37.7% from Sep. 2020

Semi-Detached Home Prices in Mississauga

Statistics for September 2021
Average Price: $1,032,11117.7% from Sep. 2020
Units Sold: 99-41.8% from Sep. 2020
New Listings: 122-45.5% from Sep. 2020

Townhouse Prices in Mississauga

Statistics for September 2021
Average Price: $1,032,17921.9% from Sep. 2020
Units Sold: 30-21.1% from Sep. 2020
New Listings: 32-40.7% from Sep. 2020

Condo Prices in Mississauga

Statistics for September 2021
Average Price: $589,78012.6% from Sep. 2020
Units Sold: 28511.3% from Sep. 2020
New Listings: 397-33.8% from Sep. 2020

Mississauga Housing Market Statistics for All Property Types

Data for September 2021
$1,037,972
Avg. Sold Price
8%
Monthly change
2%
Quarterly change
14%
Annual change
862
Transactions (Buy/Sell)
5%
Monthly change
-17%
Quarterly change
-19%
Annual change

Average Sold Price and MLS HPI Benchmark Price

Total Transactions

Property Type Distribution

Detached
Semi-Detached
Townhouses
Condo Apartments

Free Home Value Estimator

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Housing Markets Across Canada

Interactive Map - Hover Over Province for Details
ONQCMBSKABBCYTNTToronto$1,070,911Vancouver$1,176,600Hamilton$779,486Montreal$541,811Ottawa$606,943Edmonton$384,874Calgary$488,043Winnipeg$355,653
$260k to $310k
$310k to $330k
$330k to $380k
$380k to $450k
$450k to $560k
$560k to $900k

Market Overview for Detached Homes

Data for September 2021
$1,594,863
Avg. Sold Price
8%
Monthly change
5%
Quarterly change
26%
Annual change
297
Transactions (Buy/Sell)
23%
Monthly change
-21%
Quarterly change
-29%
Annual change

Average Sold Price

Transactions

Market Overview for Semi-Detached Homes

Data for September 2021
$1,032,111
Avg. Sold Price
0.52%
Monthly change
8%
Quarterly change
18%
Annual change
99
Transactions (Buy/Sell)
5%
Monthly change
-36%
Quarterly change
-42%
Annual change

Average Sold Price

Transactions

Market Overview for Townhouses

Data for September 2021
$1,032,179
Avg. Sold Price
7%
Monthly change
11%
Quarterly change
22%
Annual change
30
Transactions (Buy/Sell)
-27%
Monthly change
-17%
Quarterly change
-21%
Annual change

Average Sold Price

Transactions

Market Overview for Condo Apartments

Data for September 2021
$589,780
Avg. Sold Price
-0.03%
Monthly change
1%
Quarterly change
13%
Annual change
285
Transactions (Buy/Sell)
0.35%
Monthly change
-2%
Quarterly change
11%
Annual change

Average Sold Price

Transactions

Mississauga Housing Market History from 1954 to 2021

Greater Toronto Area (GTA) Breakdown by Region

Data for September 2021

Glossary and Definitions

MLS® HPI: The MLS® Home Price Index (HPI) is an index by the Canadian Real Estate Association (CREA) that tracks the prices of homes in a neighborhood. It allows Canadians to quickly compare home prices across Canada and between periods of time without having to account for specific features of a property. Unlike market prices, which can fluctuate from month to month based on seasonal dynamics, the HPI provides a stable view tracks trends across a longer period of time. The HPI is reviewed every year in May to adjust for changes in the real estate marketplace.

MLS® HPI Benchmark Price: The MLS® Home Price Index (HPI) Benchmark Price is the HPI translated into a real-world price number.

Strata Insurance: Strata insurance is insurance used by a strata like a condominium to covers damages to common areas and assets and liability to the strata. It can also include fixtures built or installed as part of the original construction of each unit, even though these may not be common structures. The insurance can cover:

  • Buildings and structures associated with the strata including common areas such as the roof, parking garages, driveways, gyms, pools, etc.
  • Liability for any property damage or bodily injury suffered on strata property
  • Any fixtures that are part of the "standard unit" or original construction of each unit

Strata insurance does not usually include personal items and appliances that are part of a condo unit. It also does not cover the damages made by individual unit owners, such as in the case of water damage caused by a unit owner. These are usually covered by personal condo insurance.

Property types

Detached home: A detached home is your standard single-family home. It is a residential building that stands alone and is separately titled or legally a single unit.

Semi-detached home: A semi-detached home is similar to a detached home, except it shares a wall with another home. This pair of homes must make up an independent building and each should be separately titled or legally two separate units. There can only be two homes in a semi-detached building.

Townhouses: A townhouse is the middle between a detached/semi-detached home and a condo apartment. Like detached and semi-detached homes, they are often single-family units that have their own land and may be attached to other units. However, like condo apartments, they typically have to pay co-ownership fees for maintenance and may share some common features with their neighbors.

Condo apartment: This category includes all apartments and condominiums. These are complexes of residential units with common areas such as hallways, parking lots, stairwells, etc. They can be low-rise, mid-rise, or high-rise buildings. Unlike townhouses, there are no parts of the lot (the land of the building) where access is reserved for only one owner or occupant. There can be privately owned units and spaces inside the building.

Plexes are multi-story buildings with two to four individual units, usually one on each floor. They are a mainstay in Montreal and other cities in Quebec. Each unit is usually individually accessible via an external entrance with higher floors connected by staircases.

Property Classes

Freeholds: A freehold is any property where the owner owns both the house and the land it is built on. Common freehold property types include: detached, semi-detached, some townhouses, and farmland.

Condominiums: A condominium or condo is any property where the owner owns the home (or unit) but shares ownership of the land and other improvements with a condominium corporation. Common condominium property types include condo apartments and some townhouses.

Housing Markets Across Canada

Data sourced from the Toronto Regional Real Estate Board (TRREB) and the Canadian Real Estate Association (CREA). Any analysis or commentary is the opinion of the analysts at WOWA.ca and should not be construed as investment advice. Please consult a licensed real estate professional before making a real estate investment decision. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.