Mississauga House Price Report February 2025 – As we move into the spring market, the GTA real estate landscape is showing signs of change. Low interest rates and pent-up demand are driving activity, but economic uncertainty—partly influenced by tariffs—could introduce some hesitation in the market. While 2025 has the potential to be a strong year, we’ll have to navigate these factors as the year unfolds.
Here in Mississauga the housing market is heating up as more buyers return, looking for better affordability. While prices remain high compared to historical trends, the condo market offers more options with greater supply.
2025 Mississauga Real Estate Market Market Outlook
In 2025, we expect home prices to grow in line with inflation. However, lower-priced homes are likely to see stronger price increases due to high inventory in these segments. This creates a great opportunity for buyers looking for more affordable homes.
In January 2025, TRREB REALTORS® reported 3,847 home sales—down 7.9% compared to last year. On the flip side, new listings surged to 12,392, a 48.6% year-over-year increase. Seasonally adjusted, January sales showed an uptick from December 2024. The MLS® Home Price Index Composite Benchmark rose by 0.44% year-over-year, while the average selling price reached $1,040,994, up by 1.5% from January 2024.
Condo Market Trends
The rental market has seen a decline in rates over recent months. With the federal government limiting immigration and more rental inventory coming onto the market, tenants now have more options.
Condo prices have also been trending downward, with a significantly higher inventory than we’ve seen in a long time. This presents a great opportunity for buyers looking to purchase a condo to live in. With increased supply and more competitive pricing, now could be the right time to make a move.
Additionally, many new condo developments are set to be completed this year, adding further inventory to both the rental and resale markets. As a result, the condo sector may remain restrained through 2025 and into 2026. However, looking ahead, demand for condo apartments is expected to rebound.
Strong Demand for Freehold Townhomes Under $1,000,000
Meanwhile, Freehold Townhomes priced under $1,000,000 continue to attract strong interest in Mississauga. Many homes are receiving multiple offers and selling above asking price, indicating strong demand in this price range.
As interest rates may continue to ease, more buyers are expected to enter the market. The spring market will likely bring higher competition, making now a good time to act.
Conclusion
Whether you’re looking for a townhome, condo, detached, semi-detached or other property, the Mississauga market offers plenty of opportunities. Reach out today to discuss your options—I’m here to help you navigate the market and make informed decisions.
Scott Brubacher Broker – Royal LePage Meadowtowne Realty Brokerage
Mississauga House Price Report February 2025
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