‘Surge’ in home sales reported in Mississauga

While tariff threats south of the border continue, there was a “surge” of activity in the real estate market last month in Mississauga.

Mississauga saw a 37.2 per cent increase in total sales month-over-month, with the average price seeing a modest rise of 0.6 per cent to $1,046,145, real estate brokerage Zoocasa said in its analysis of the Toronto Regional Real Estate Board data.

“After a subdued February, March saw a surge in activity across all property types in Mississauga,” Zoocasa said.

Despite a 30 per cent decrease in active listings from February, a 41.6 per cent jump in new listings maintained favourable conditions for buyers, Zoocasa said.

Homes were also selling more quickly in March.

“The time it took for homes to sell nearly halved, with average property days on the market dropping from 44 to 24 days,” Zoocasa noted.

While sales activity was up, prices were down for some housing types.

The average price of a detached home fell to $1,561,922, a decrease of 2.8 per cent from February. Sales rose by 42.1 per cent month-over-month for this home type.

There was a significant increase in new listings of detached homes, up 50.4 per cent to 560, which helped stabilize prices, Zoocasa noted. Additionally, the days on market for listings decreased by six days to 22 days.

Semi-detached homes saw a smaller increase in sales, but still notable at 39.2 per cent. This pushed the average price up by 1.1 per cent to $1,003,548. New listings increased by 18.4 per cent, and listing days on market dropped to 19 days.

Among all property types, freehold townhouses traded hands the fastest with listing days on market at 17 days. The average price of a townhouse was $964,432 in March, down from $991,557 in February.

Apartment condos remained on the market the longest, taking an average of 29 days to sell. Despite being the second most in-demand property type in Mississauga. Condo apartments have maintained their affordability, with the average price increasing only slightly month-over-month by 0.4 per cent to $583,918.

Sales of condo apartments rose by 25.7 per cent to 127 transactions, while condo townhouses saw 80 sales, and freehold townhouses recorded 11 sales.

Overall, homeownership in the Greater Toronto Area became more affordable in March 2025 compared to the previous year, according to the Toronto Regional Real Estate Board.

The spring real estate market could be sluggish this year.

“Given the current trade uncertainty and the upcoming federal election, many households are likely taking a wait-and-see approach to home buying,” said Toronto Regional Real Estate Board’s chief information officer Jason Mercer. “If trade issues are solved or public policy choices help mitigate the impact of tariffs, home sales will likely increase. Home buyers need to feel their employment situation is solid before committing to monthly mortgage payments over the long term.”