The average residential sale price in the Mississauga housing market has decreased by 4.5 per cent year-over-year across all property types between January 1 to July 2025 from $1,042,868 to $995,599. The number of sales decreased by 16.4 per cent for the same time period from 3,860 to 3,228. The number of listings increased by 9.8 per cent (from 1,478 in 2024 to 1,629 in 2025). Average sales prices across all property types are anticipated to rise by two per cent through the end of 2025, with the number of sales is predicted to rise by the same percentage.
The Mississauga housing market has experienced a buyer’s market in Q4 2024, driven by an abundance of available homes. With supply expected to remain high through the rest of the year, buyers have more options and time to make decisions. Retirees are driving sales in the region, with some looking to downsize from larger family homes to properties that are easier to maintain, often freeing up equity in the process. The mix of smaller detached homes and townhouses – many located near essential services, parks, and transit – also makes it an appealing choice for couples and downsizers.
Trends in the Mississauga Housing Market
Many buyers in the Mississauga housing market feel hesitant to enter the market, not from lack of interest, but because they need confidence that their next home fits their budget and their needs. This caution, coupled with slowing demand, has led to a growing inventory of homes on the market – a trend that is expected to continue through the end of the year. This will provide more choices for the buyer, encouraging sellers to adjust their expectations.
In Mississauga, economic uncertainty has dampened buyer confidence, leading many new buyers to rely on friends and family – including co-signing – to enter the market. High inventory and slowing demand are restraining the market, causing lenders to tighten up who they approve for financing and adding another layer of tension to the homebuying process. Some buyers are choosing to wait until they feel more financially secure, as a result, sellers will need to adjust their expectations and follow up more often if they wish to close the sale.
New buyers are increasingly relying on financial support from family and friends to enter the Mississauga market. Conditional sales have also become more common, often prompted by appraisal values coming in lower than the agreed purchase price, which can create the need to renegotiate or secure additional funds.
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