Mississauga House Trends Report January 2017 – According to the Toronto Real Estate Board the year 2016 was another record year for homes sales. Homes sales increased by 11.8% from 2015-2016 with a total of 113,133 homes sold across the entire GTA. TREB noted that Condo Apartments were hot commodities with the strongest home type growth. Finally the home price index (HPI) showed home prices increased by 17.3% in 2016 vs 2015 – across the entire GTA area.
Mississauga House Trends Report January 2017
In Mississauga, the factors contributing to the huge price increases have been;
• Lack of Land left to Build
• Mississauga is #1 Destination for New Immigration.
• Safe Harbour for families and Finances
• Soft Canadian dollar
• Baby Boomers are not moving.
• Attractive and affordable Post-Secondary education.
• Migration to Mississauga
• Investors buying residential homes and renting them out!
According to the recent Royal LePage report dates January 20, 2017 U.S. interest in Canadian Real Estate has surged following the Presidential Election. Mississauga
House Prices – January 2017
o Average Days on market (DOM) 19
o Average Sale Price to List Price (SP/LP) 101 %
o Sales to New Listings Ratio (SNLR) 74.9% – shows a strong sellers’ market
Mississauga House Prices January 2017
Condo TH $505,669
Condo Apt $347,409
Freehold TH $703,636
Total Avg. $647,686
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Scott Brubacher Real Estate Broker – Royal LePage Meadowtowne Realty Brokerage 905-821-3200 www.mississaugahomedaily.com – Mississauga House Trends Report January 2017
Erin Mills Real Estate – Meadowvale Real Estate – Streetsville Real Estate – Lisgar Real Estate – Meadowvale Village Real Estate – Erindale Real Estate – Sheridan Homelands Real Estate – East Credit Real Estate – Mississauga Real Estate –