Home sales rise 10% as prices decline in Mississauga

Home sales increased as prices continue to drop in Mississauga.

Mississauga’s housing market saw continued improvement in May, with sales rising 10 per cent month-over-month to 568 transactions, real estate brokerage Zoocasa said in its analysis of the Toronto Regional Real Estate Board data. There were 508 sales in May 2025, according to TRREB.

However, despite stronger demand, prices remained essentially flat, with the average selling price declining one per cent to $971,047, month-over-month in Mississauga. The average price was $1,040,979 in May 2025.

New listings rose 4.3 per cent from April, while active listings increased 8.3 per cent, providing buyers with more options and helping keep upward pressure on prices in check, Zoocasa noted.

Detached homes and condo apartments remained the most active property types in Mississauga throughout May.

Detached home sales increased 6.4 per cent to 232 transactions, while the average selling price remained relatively stable month-over-month at $1,367,848. But the average detached home price is down from May 2025, when it was $1,471,579.

Buyers continue to benefit from abundant choice in this segment, with 634 detached homes still available at the end of the month—an increase of 11.4 per cent from April, Zoocasa noted.

The condo apartment market continued to gain momentum. Sales increased 16 per cent to 155 transactions, though prices softened slightly to an average of $543,142, compared to $546,984 in April and $584,398 in May 2025.

The encouraging sign for sellers is that condos are moving much faster than earlier this spring, spending an average of 34 days on market compared to 42 days in April, Zoocasa said.

“This suggests affordability continues to draw buyers into the segment despite ongoing price adjustments,” Zoocasa said.

Home prices in other categories were also down year-over-year.

The average semi-detached home price was $931,437 in May, compared to $985,660 in May 2025.

Townhouses came in at an average of $935,588, compared to $1,015,595 in May 2025.

TRREB suggests the GTA should see the price trend flatten and ultimately trend upwards in the months ahead.

“Spring sales have been stronger than last year, reflecting improved affordability stemming from lower selling prices and borrowing costs. Sales are forecast to improve further as we move through the second half of this year,” said TRREB President Daniel Steinfeld in the May report.

“Recovery would be further bolstered by positive news on the trade front along with an easing of geopolitical tensions and related uncertainty.”