Housing prices top $1 million again in Mississauga

The average price of a home is over $1 million again in Mississauga.

Mississauga’s housing market remained steady in June, according to real estate brokerage Zoocasa’s analysis of the Toronto Regional Real Estate Board’s June data.

Sales were effectively flat month-over-month, slipping just 0.2 per cent to 567 transactions.

For many months, the average home price has been below the million-dollar mark in Mississauga.

But the average hit $1,014,120 in June, just slightly below the June 2025 average of $1,019,578, according to TRREB data, but well above May’s average price of $971,047.

“The increase suggests that stronger activity in higher-priced market segments helped lift overall values despite relatively flat sales volume,” Zoocasa said.

New listings increased 3.2 per cent to 1,632 properties, while active listings rose five per cent to 2,589 homes available at the end of June.

Even with additional supply entering the market, months of inventory edged down slightly to 4.9 months, indicating that demand remained sufficient to absorb much of the new listing activity.

Detached homes continued to account for a significant share of market activity. Although detached sales declined modestly to 227 transactions, the average selling price increased 8.4 per cent to $1,482,130 month-over-month. This is also up from the June 2025 average of $1,442,898.

Semi-detached homes also experienced stronger demand, with sales rising nearly 15 per cent and average days on market falling to just 19 days, Zoocasa noted.

The average price for a semi-detached home was $908,389 last month, down from $991,926 in June 2025.

The average price of a townhouse, at $883,038, is down from the June 2025 average of $946,389.

The condo apartment segment softened during June, Zoocasa said.

Sales declined by 8.4 per cent, and the average selling price fell 3.3 per cent month-over-month to $525,333. The June 2025 average price for a condo was $576,909.

“Overall, Mississauga remains a balanced market, with stable demand, healthy inventory levels, and continued strength in the low-rise housing segments despite softer conditions in the condominium market,” Zoocasa said.