Mississauga Real Estate – November 2020 According to the Toronto Real Estate Board, October was a record month for sales volume in October 2020. Moreover, way more listings and low borrowing costs resulted in crowds of home buyers coming into the market. The MLS Home Price Index Composite Benchmark was up 10.8% in October 2020 compared to August 2019. Further the average home price was up 13.7%. Mississauga House Price Report November 2020

In Mississauga we have seen strong demand for detached and semi-detached homes. While condo apartments have been less popular than recent times. Correspondingly, low borrowing costs have resulted in many first-time and move up buyers purchasing both within Mississauga and the ring around the city. Equally important TREB has predicted that homes sales will continue to be strong moving forward post COVID-19. In part due to high levels of immigration and demographics of growing families needing shelter. Mississauga Real Estate Stats.

Mississauga House Price Report November 2020

Mississauga Real Estate

Avg. house price Mississauga Toronto Milton
(All home types) $878276 $ 1,025,925 $ 916,717

All House Types in Mississauga House Prices

 Detached $ 1,239,382
 Semi-Detached $ 848,990
 Condo TH $ 664,274
 Condo Apt $ 536,435
 Link $ 850,000
 Freehold TH $ 826,143
 Total Average $ 878,276

In conclusion home purchase is top of mind due to low borrowing costs and economic recovery in some sectors since the start of the COVID. Many employee’s are working remotely from home during the pandemic. Resulting in some buying homes in the out lying areas like Simcoe, Niagara, and Cambridge. While for others needing more space is a priority as they work at home. Additionally, many Boomers are retiring and moving to areas outside the GTA. Both for lifestyle changes and also saving equity as they downsize their family homes. Boomers On The Move Online workshop