Average home price dips below $1M as sales increase in Mississauga

Home sales increased last month as the average home price dipped below $1 million in Mississauga.

The July real estate data is in and Mississauga’s market remained relatively steady, according to real estate brokerage Zoocasa’s analysis of the Toronto Regional Real Estate Board report.

Total home sales rose by 3.8 per cent to 548 compared to this time last year, even as the average price dipped by 2.4 per cent to $995,599. The average price was $1,019,578 in June.

In the Greater Toronto Area as a whole, 6,100 homes were sold through the MLS System in July 2025 – up by 10.9 per cent compared to July 2024, according to the Toronto Regional Real Estate Board. The average selling price, at $1,051,719, was down by 5.5 per cent compared to July 2024.

Experts blame the price decline on the economy.

“Recent data suggest that the Canadian economy is treading water in the face of trade uncertainty with the United States,” said TRREB chief information officer Jason Mercer.

The housing sector can be a catalyst for growth, with most spin-off expenditures accruing to regional economies, Mercer added.

“Further interest rate cuts would spur home sales and see more spin-off expenditures, positively impacting the economy and job growth,” he said.

In Mississauga, homes were selling slightly faster this July, with the average time on market decreasing from 45 to 42 days, Zoocasa noted. Despite these shifts, months of inventory edged up from 4.5 to 4.6, signalling a modest increase in supply relative to demand.

New listings declined by 11.3 per cent, and active listings were down 3.3 per cent compared to June.

The average price for a detached home rose by 2.7 per cent—the largest increase among all property types in Mississauga—reaching $1,481,894 in July. Last month’s average price was $1,442,898.

Detached homes are taking longer to sell, with average days on market rising from 25 to 31.

With new listings down 17.3 per cent, competition may intensify in the coming months, Zoocasa noted.

Sales of semi-detached homes and apartment condos both saw notable gains month-over-month, rising by 16.4 per cent and 23.2 per cent, respectively.

However, both categories experienced price declines: the average price of a semi-detached home dropped 4.7 per cent to $945,072, while apartment condos fell 5.2 per cent to an average of $546,721.

Semi-detached homes also lingered slightly longer on the market, with average days on market increasing from 21 to 24.

In contrast, apartment condos sold more quickly in July, with average days on market falling from 43 to 34—suggesting growing buyer interest in Mississauga’s most affordable property segment, Zoocasa said.

Townhouse and condo townhouse sales both declined in July, with townhouse transactions down 5.6 per cent month-over-month and condo townhouse sales dropping by 17 per cent.

The average price of a townhouse edged up by 1.1 per cent to $956,300, while condo townhouses saw a price decline of 5.2 per cent, bringing the average down to $726,503.

Both property types experienced a decrease in new listings alongside an increase in average days on market, signalling that demand may be softening as buyers grow more selective and take longer to make purchasing decisions, Zoocasa said.

Lead photo: Karen Longwell