Mississauga House price Report June 2021 – It’s still a strong sellers market across the GTA. This according to the June 2021 Toronto Real Estate Board Market Watch Report. So far this year, sales activity peaked in March to a slower pace now. Albeit still a hot market by any standard. While the number of sales has slowed, so too has the number of new listings. In fact May’s average house price remained positive. As can be seen by the graphs below. The result is the average house price across the GTA was $1,108,453; an all time high on record.
Here in Mississauga, we continue to experience general lack of inventory in all housing types. Showings are strong and the majority of homes are selling over asking. Both low rise styles and high rise condo apartments are selling in high demand.
Mississauga House Prices reported in June 2021
Avg. house price Mississauga Toronto Milton
(All home types) $1,116,736 $1,116,736 $1,062,600
All House Types in Mississauga Average Prices
Condo TH $774,098
Condo Apt $576,898
Freehold TH $950,153
Total Average $1,116,736
Mississauga House price Report June 2021
As we move through 2021, its expect that low inventory and high demand will dominate the Mississauga real estate market. Further driving demand for housing the core of the GTA, is employee’s recalled back to the office. In addition International students are likely resume in class studies. Thirdly, immigration to Canada is set to resume to record numbers.
May Monthly Sales statistics for communities surrounding Mississauga June 2021