Home sales drop ‘sharply’ by 22% in Mississauga

Home sales and prices dropped last month in Mississauga.

The latest real estate report is out, and the market “continued to cool in August” in Mississauga, according to real estate brokerage Zoocasa.

“Most major indicators show month-over-month declines,” Zoocasa said.

Overall sales “fell sharply” by 22 per cent, dropping from 548 in July to 426 in August, while the average selling price declined by 2.8 per cent to $968,250, Zoocasa said in the report. The average was at $995,599 in July.

There were also fewer new listings on the market — pulling back by 18 per cent.

Homes spent an average of 50 days on the market, up from 42 in July.

Detached properties saw the steepest price adjustment, with the average price dropping eight per cent to $1,362,799.

Sales of detached homes were similarly down, falling from 202 in July to 162 in August, representing a 19.8 per cent month-over-month decline.

New listings decreased by 14.6 per cent to 502, while detached homes spent an average of 34 days on the market.

Semi-detached properties experienced the largest drop in sales, falling 28.2 per cent to 61 transactions. However, the average price rose three per cent to $973,755, while new listings fell 19.8 per cent to 158.

Semi-detached homes also sold the fastest last month, with properties on the market for an average of just 25 days.

Townhouses recorded a modest month-over-month increase in sales, rising nearly 12 per cent to 19 transactions, while the average price inched up just under one per cent to $965,579.

But new townhouse listings dropped 25 per cent, tightening supply, Zoocasa said.

Condo townhouses sales, however, fell 25 per cent to 66, though the average price held steady, edging up 0.9 per cent to $733,230.

Apartment condos, Mississauga’s most affordable option, also saw weaker activity, as sales declined almost 25 per cent to 116 transactions. Still, prices remained stable, increasing 0.6 per cent to $549,936.

Across the Greater Toronto Area, home sales increased year-over-year. The Toronto Regional Real Estate board said 5,211 homes were sold through the MLS System in August 2025 – up by 2.3 per cent compared to August 2024.

The average selling price, at $1,022,143, was down by 5.2 per cent compared to August 2024.

TRREB Chief Information Officer Jason Mercer indicated borrowing costs were behind the declines.

“A household earning the average income in the GTA is still finding it challenging to afford the monthly mortgage payment associated with the purchase of an average priced home,” Mercer said. “This is even with lower borrowing costs and selling prices over the past year. Further relief in borrowing costs would see an increased number of buyers move off the sidelines to take advantage of today’s well-supplied market.”