Mississauga house price report September 2022 – It’s been a more traditional summer market during July and August. Higher interest rates coupled with the already existing mortgage stress test rules have put some buyers on the sidelines. Mississauga market was stronger than surrounding communities. Scott Brubacher Broker
According to the Toronto Real Estate Board statistics released in September 2022, average sales were down 34.2% compared to the previous four months with a slight uptick over July. While during this same time new listings were also down. In addition, higher priced homes between $1M and 1.5M had a greater share of sales in August. TD’s mortgage prime rates stands at 5.6%
In Mississauga the market was stronger than the surrounding communities with a sales to new listing ration of 58.8% which is good for sellers.
Mississauga House Prices
- Detached $1,521,265
- Semidetached $989,240
- Freehold TownHome $1,067,088
- Condo townhome $821,968
- Condo Apt $612,804
- Link $1,025,000
Average House Prices
- Oakville $1,002,514
- Milton $1,002,514
- Toronto $1,031,979
- Brampton $1,018,639
- Mississauga $1,077,092
The Road Forward
As we move closer to fall, I hope you’ve been getting out and enjoying summer.
For most of us, life this year has been uncertain both at home and around the world. Our financial and housing markets have been disrupted, higher cost of almost everything. Including roller coaster gas prices, food and higher cost of borrowing. One thing remains constant is people need a place to live. Our governments really need to find ways to increase supply of housing to meet the needs of all Canadians.
If you have any real estate questions, please call or email me today. And if you have any other needs during this time, please let me know.
We are all in this together!
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Pro’s and Con’s of Living in Mississauga
Scott Brubacher Broker – 647-223-0237
Royal LePage Meadowtowne Realty Brokerage
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