According to the Toronto Real Estate Board, new listings in the GTA are the lowest seen in the last decade. In other words, there is a critical lack of housing inventory. At the same time buyer demand is high. Resulting in double digit price growth.  In fact the selling price for all homes combined was up by 12.6 per cent year-over-year to $1,070,911. (It was $951,219 same time in 2020) Mississauga House Price Report September 2021

Condominium apartments have become more in demand last month with an average price increase of 9.4% over the last year. Detached, Semi-Detached and Row Townhomes are still in the biggest demand housing item. Smartsizing to a Condo? 8 things to ask yourself

Average Price Increase By Major Home Type across the GTA

• Detached     21.4%
• Semi              13.9%
• Townhouse  17.7%
• Condo Apt    9.4%

Furthermore here in Mississauga we’ve seen huge demand for affordable housing. As can be seen on the charts below, it’s a hard sellers market. Homes are selling quickly and and on average – over 104% over asking.

Mississauga House Prices reported in September 2021

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

All House Types in Mississauga Average Prices

 Detached $1,483,197
 Semi-Detached $1,026,791
 Condo TH $797,771
 Condo Apt $589,979
 Link $1,128,000
 Freehold TH $965,136
 Total Average $962,679

Mississauga House Price Report September 2021