Mississauga Real Estate – According to the Toronto Real Estate Board January sales increased by 11.8% over the same month last year. Sales grew faster for condominium apartments versus detached homes. House prices increased with the House Price Index (HPI) up 21.8% year over basis for January. Mississauga House Price Report February 2017
In Mississauga as across the entire GTA, house inventories record low levels. The result is fast price growth as seen over the last year. First time home buyers are finding it difficult to find a home that meets their needs and within budget.
All would be home buyers of Mississauga real estate find they are competing. Investors and buyers from the Asian and other parts of the world have a big appetite to purchase residential homes and rent them out. Further many domestic buyers are using equity from their primary residence to purchase a second home for investment. Finally with the average price of a detached family home over one millions dollars in Mississauga, many families are moving to outlying areas for more affordable homes.
Good news on job growth exceeding expectations. Optimistically it’s a good start to the year. The Canadian economy added 48,000 new jobs last month. I think the warmer weather in January has kept both buyers and sellers active in the Mississauga real estate market.
Mississauga Real Estate House Prices for January 2017
- Average Days on market (DOM) 19
- Average Sale Price to List Price (SP/LP) 104 %
- Sales to New Listings Ratio (SNLR) 70.7% – shows a strong sellers’ market
Sept House Prices
- Detached $1,068,670
- Semi-Detached $728,814
- Condo TH $532,909
- Condo Apt $442,598
- Link $828,837
- Freehold TH $688,111
- Total $647,686
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Mississauga House Price Report February 2017 | Mississauga Real Estate
Scott Brubacher Real Estate Broker – Royal LePage Meadowtowne Realty Brokerage 905-821-3200
Mississauga Homes Daily is a review of Mississauga Real Estate. The following list includes: Erin Mills Real Estate, Streetsville Real Estate, Meadowvale Real Estate, Lisgar Real Estate, Erindale Real Estate, East Credit Real Estate, Sheridan Real Estate, Homelands Real Estate.