Mississauga House Trends Report September 2016

Mississauga House Trends Report September 2016,  Erindale Park 1695 Dundas Street West. According to the Toronto Real Estate Board strong sales growth continued in August, with an adjusted 13% sales volume increase over August last year. The MLS Home Price Index (HPI) was up 17.2% for August over last year. The average house price was up 17.7% over the same period.

TREB attributes the record setting year for local Real Estate Market is due to high population growth in the entire GTA coupled with a strong regional economy, growth in average earnings and low borrowing costs.

According to the recent TD Economics report – they report the Bank of Canada has a “Dovish” tone in statements on interest rates and TD has concerns over weaker-than-expected US second quarter performance.

Erindale Park Mississauga

Mississauga House Trends Report – September 2016

In Mississauga, our local Ontario economy will benefit from the over 26,000 new jobs added to the Canadian economy in August.  There was a healthy balance between Manufacturing and Service employment. In August , we have seen a continuation of low inventory and high demand leading to price increases and high competition between buyers wanting to purchase homes.

Mississauga – Sept 2016

  • Average Days on market (DOM) 18 days
  • Average Sale Price to List Price (SP/LP) 1%
  • Sales to New Listings Ratio (SNLR) 1%       – shows a strong sellers’ market

September House Prices    

  • Detached                $964,002
  • Semi-Detached      $637,780
  • Condo TH                $482,809
  • Condo Apt               $417,000
    1700 The Collegeway Mississauga

    Mississauga House Trends Report – September 2016

  • Link                          $657,956
  • Freehold TH           $627,027
  • Total                         $710,410            


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Scott Brubacher Real Estate Broker – Royal LePage Meadowtowne Realty Brokerage            905-821-3200    www.mississaugahomedaily.com is a daily blog review of new listings in Mississauga Including Erin Mills, Streetsville, Meadowvale, Lisgar, Churchill Meadows, East Credit, Creditview and Meadowvale Village by Streetsville Real Estate Agent Scott Brubacher