Mississauga Real Estate – September 2019 – According to the latest Toronto Real Estate Board Market Watch Report, across the GTA sales volume is way up at 13.4% over the same time last year. Also, of note is a downward trend in new listings. The result is higher prices in all housing types, including detached, semi-detached, Condos and Town homes. Mississauga House Price Report September 2019
As well in Mississauga, it’s become a stronger seller’s market. The measurement which realtors use is the Sales to new Listings ratio. Its at 59.5% which shows we are in a strong market in favor of sellers.
Further renters are finding it difficult to find affordable housing. More rental supply is needed, both in purpose-built apartments and residential condos.
By the same token population growth from immigration and expanding families are driving both home purchase and rentals. Also, important to note sales of detached homes are on the rebound over 2018.
Mississauga House Price Report September 2019
Avg. house price Mississauga Toronto Milton
(All home types) $ 732,549 $ $818,715 $ 738,944
All House Types in Mississauga Avg. Prices
Detached $ 1,063,529
Semi-Detached $ 766,160
Condo TH $ 595,638
Condo Apt $ 478,714
Link $ 807,571
Freehold TH $755,065
Total Average $ 732,549
In conclusion in Mississauga the market is very active for all types of homes. It’s a seller’s market and we’ve experienced higher sales activity in detached homes over $1 Million dollars. Thanks for reading our Mississauga House Price report September 2019
Mississauga House Price Report September 2019 Video
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