Mississauga Real Estate – According to the Toronto Real Estate boards July 2017 Market Watch Report house prices and sale activity have moderated across the GTA over the last two months. The board attributes this cooling housing activity as impacts from the recent Ontario governments “Fair Housing Plan” introduced in April 2017. Mississauga House Price Report July 2017
The number of new listings was up 15.2% across the GTA for June year over year. In accordance the number of sales was down by 37.3 percent in June 2017 compared to June 2016. Further this has resulted in moder
ating price increases of 6.3 % average over the last 12 months.
As reported by TD Economics recently, the Ontario economy has been quite strong over the last couple of years and is expected to see another very strong year in 2017. Of note Ontario’s manufacturing benefits by strong exports to the USA with machinery, wood, plastics, rubber chemicals, food and automotive parts.
In Mississauga we experience migration from Toronto as families move here for more affordable housing. The average house price is still 18.5% lower in Mississauga than Toronto or a savings of $130,000 for the average house purchase.
Avg. house price Mississauga Toronto Milton
(All home types) $699,935 $829,479 $752,238
Mississauga Real Estate House Prices for June 2017
o Average Days on market (DOM) 15
o Average Sale Price to List Price (SP/LP) 99%
o Sales to New Listings Ratio (SNLR) 65.6%
June 2017 All House Types Avg. Prices
Condo TH $555,034
Condo Apt $407,021
Freehold TH $694,827
Total Avg. $699,935
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Finally: Mississauga House Price Report July 2017
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