Toronto Real Estate Board Report
Mississauga Ontario Jan 18th, -10DegreesC with flurries all day. Mississauga House Prices report January 2016. Mississauga’s residential housing market had strong growth in the fourth quarter of 2015. The TREB MLS data showed Mississauga Real Estate sales volume was increased 15.3% for the month of December 2014 over 2015. The average price increased by 4.8% during that same period. It took an average of 30 days on market to sell a home last month. All Home Types (detached, semi-detached, townhomes, condos)
The TREB President – Mark Maclean stated that a strong regional economy in the GTA coupled with low borrowing costs has buyers confident and actively looking in the Mississauga Housing market.
The most recent January 13, 2016 report from Royal LePage, predicts continued prices increases in the housing markets across the GTA in the next few months.
Royal LePage House Price Survey
Five(5) points to note from the report:
The demand for housing in Mississauga and the GTA is expected to slow later in the year due to eroding affordability and increased minimum down payment.
- On the positive side for Mississauga Housing – our local manufacturing has benefited from higher exports to the USA based on a lower Canadian dollar
- Canada will benefit from the ‘Made in America’ manufacturing recovery. This means more jobs at home in Mississauga and the outer regions of the GTA and across Ontario.
- If China’s economy continues to sputter Canada could see a decline in exports to Asia, creating some drag on our economy.
- Predictions for lower prices in Alberta housing for 2016 due to depressed oil prices.
Todays 4 new Listings – Streetsville – Erin Mills – Meadowvale – Creditview – Lisgar Old Meadowvale Village – Churchill Meadows
Scott Brubacher Streetsville Real Estate Agent