Detached homes in Mississauga now selling at record-breaking $1.5 million

The average price of a detached home in Mississauga has surpassed $1.5 million.

New data from the Toronto Real Estate Board shows Mississauga has broken through the threshold setting a new record high with an average detached home selling for $1,594,863.

The average cost of a semi-detached house has also has also reached a high mark in Mississauga at $1,032,111.

As for a townhouse, the average price is now $790,133 and apartment condominiums are $589,780.

In the past year, demand for all units have increased significantly with detached homes rising 26 per cent, semi-detached up 17.6 per cent, townhouses at 17.8 per cent and condos 12.6 per cent.