Mississauga market report · September 2024
Mississauga housing market: September 2024
Mississauga housing market in September 2024: $1,048,914 average sale price (up 2.7% year over year), 453 homes sold, 3.3 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Mississauga in September 2024
Mississauga recorded 453 sales in September 2024, 17.4% more than the same month a year earlier. Sellers brought 1,514 new listings to market, leaving 2,199 properties in inventory — 28.7% more than a year ago. At the month's pace of sales that is 3.3 months of supply, which puts Mississauga in a balanced market. 40% of the month's new listings sold.
The average sale price across all property types was $1,048,914, up 2.7% year over year and up 0.4% on the month. Detached homes averaged $1,461,044 against $612,937 for condo apartments — the gap that decides which side of the $1.5 million insured-financing cap a purchase here falls on.
The two years to September 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,461,044 | +1.5% | 171 | 604 | 830 |
| Semi-detached | $980,808 | -9.6% | 77 | 148 | 172 |
| Row / townhouse | $1,014,942 | -1.3% | 19 | 57 | 75 |
| Apartment | $612,937 | -6.1% | 102 | 458 | 763 |
| All types | $1,048,914 | +2.7% | 453 | 1,514 | 2,199 |
Source: the Toronto Regional Real Estate Board, Mississauga, September 2024.
What this means if you're buying in Mississauga
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. Detached housing here often lands just under the $1.5 million insured cap, which is exactly where the down-payment scale is most worth understanding: below the line you can put down 5% of the first $500,000 plus 10% of the rest, and crossing it takes the minimum to a flat 20%. On the Square One condos, watch the maintenance fees — a high monthly fee reduces what you qualify for, because lenders add a portion of it to your debt-service calculation. Two units at the same price can produce different approvals for that reason alone.
Read the full Mississauga area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Mississauga?
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