Mississauga Real Estate: January 2019 – Government regulation and higher borrowing costs resulted in a cooler housing market in 2018 across the GTA. According to the Toronto Real Estate Board market watch report sales volume decreased by 16.1% during 2018. At the same time new listings also decreased by 12.7%. Mississauga House Price Report January 2019

Important to note the average selling price for a homes decreased by 4.3% during last year. In particular detached homes have become more affordable over last year. Because of this, there’s more opportunity for younger families to enter the market. Moreover at the same time less expensive Condo Apartments have seen higher price growth.

Millennial home buyers flooding the Mississauga market

Further in Mississauga, the average home is selling in 29 days at 97% of the asking price. Correspondingly:
o Firstly the rental market is tight
o Record levels of immigration to the region
o Flood of Millennials’ seeking to buy their first home
o Low housing inventory
o High employment – a 43 year low in Canada
o Alongside on the outskirts of Mississauga other regions have experienced high price growth, according to the               recent Royal LePage House Price Survey:
 Windsor 14.7%
 Kingston 13.8%
 Kitchener/Waterloo 9.3%
 London 8.9%

Mississauga House Price report January 2019

Avg. house price       Mississauga       Toronto          Milton
(All home types)      $ 705,785           $ 762,627       $ 711,191

To enumerate – Mississauga House Price Chart

Mississauga House Price Chart

All House Types in Mississauga Average Prices

 Detached $ 1033209
 Semi-Detached $ 713049
 Condo TH $ 569397
 Condo Apt $ 427560
 Link $ 735002
 Freehold TH $ 709861
 Total Average $ 705785

In conclusion it’s a good time to buy Mississauga Real Estate. Moreover there is better pricing and more to choose than recent times. Lastly, thanks we are here to help! Call me. –Scott

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(O) 905-821-3200 © 647-223-0237 Mississauga house price report January 2019

With thanks to Royal LePage House Price Survey january 2019 and Toronto Real Estate Board Market Watch Report

Mississauga House Price Report January 2019 Video