The Mississauga real estate market in 2026 is characterized by shifting dynamics that favour buyers. The average residential sale price in Mississauga decreased by six percent year-over-year across all property types in 2025 from $1,067,451 to $1,003,561 according to RE/MAX Canada. The number of sales transactions decreased by 13.1 percent in 2025 from 5,417 to 4,710 while total number of listings increased by 14.7 percent from 13,562 in 2024 to 15,553 in 2025. Average residential sale prices are expected to increase by three percent going into 2026 compared to 2025 with sales anticipated to rise by seven percent.
Current Market Statistics
Average sold price in Mississauga is $963,747 according to WOWA market data for February 2026. Benchmark price is $879,300 and the median home price is $850,000. Monthly change is positive 2.1 percent while year-over-year change is negative 7.3 percent. Total transactions reached 345 units, up 15 percent monthly and up 3.6 percent annually. The Mississauga market shows mixed momentum with modest monthly gains offset by persistent annual declines.
Price Breakdown by Property Type
Detached homes average $1,460,621, up 1.4 percent monthly but down 9.1 percent annually. Semi-detached homes average $921,202, up 2.7 percent monthly but down 7.2 percent annually. Townhouses average $898,510, down 0.3 percent monthly and down 8.7 percent annually. Condo townhouses average $722,369, up 4.6 percent monthly but down 7.5 percent annually. Apartments average $514,936, down 3.6 percent monthly and down 11.4 percent annually. Apartment prices experienced the steepest year-over-year contraction at 11.4 percent while detached homes dominate transaction volume.
Sales Volume and Inventory Trends
Market classification is buyer market based on February 2026 data according to Wahi. Months of inventory MOI is 6 months - a 6 month MOI indicates buyer advantage as 5 plus months typically signals a buyer market. Average days on market DOM is 37 days. Total active listings are 1,854 with new listings at 932, down 17.81 percent year over year. In February 2025 there were 1,704 active listings. In February 2024 there were 1,000 active listings. In February 2023 there were 659 active listings showing inventory has nearly tripled in three years. The latest average price as of January 2026 is $973,289, down 6.5 percent versus January 2025.
Sales Activity by Property Type
Total sold in February 2026 was 313 properties with a median sold price of $860,000. Median bidding was negative $28,000 below asking price. In February 2025 there were 354 sold and in February 2024 there were 494 sold. Detached homes recorded 124 sales, up 24 percent monthly and up 8.8 percent annually. Semi-detached recorded 42 sales, down 20.8 percent monthly and down 17.6 percent annually. Townhouses recorded 14 sales, up 40 percent monthly and up 133 percent annually. Apartments recorded 96 sales, up 12.9 percent monthly but down 5 percent annually. Condo townhouses recorded 65 sales, up 27 percent monthly and up 10.2 percent annually.
Neighbourhood Price Comparisons
Port Credit average price is $1.3 million and is a premium waterfront neighbourhood. Erin Mills average price is $1.15 million and is family-friendly with excellent schools. Clarkson average price is $1.05 million and is a more affordable option. Cooksville average price is $1 million with strong value and approximately 20 days on market. Overall Mississauga average is $1.1 million which is slightly below the GTA average. Sales were 3,082, down 19.3 percent versus January 2025 while new listings were 10,774, down 13.2 percent. Sales ratio is 29 percent indicating a buyer market.
Key Market Drivers and Forecast
Average home price increased 2.7 percent year-over-year to $1,048,914 according to Russell Robson Real Estate. Supply-demand dynamics have shifted favorably for buyers with over 2,200 active listings creating a buyer market environment though this may not persist as inventory tightens in luxury and townhome segments. Key market drivers include expected stabilization in Bank of Canada rates, steady population expansion sustaining housing demand, and Hurontario LRT completion boosting property values along the transit corridor.
2026 Outlook
Mississauga will continue to be a buyers market going into 2026 with inventory increases and lower interest rates. Prices are likely to stay flat or down 1 to 2 percent through early 2026 as supply remains high though sales volumes could rise slightly. The top three neighborhoods anticipated to be most desirable in 2026 are Cooksville, Square One and Port Credit. Mississauga total population is 700,453 with average household income of $137,412 and owner occupancy at 70 percent. The Bank of Canada rate is at 2.25 percent with monthly payment estimates for a $900,000 property at approximately $3,500, a $1 million property at approximately $3,900 and a $1.1 million property at approximately $4,300. Compare market trends across Canada: Hamilton Market Trends | Ottawa Market Trends | Calgary Market | Edmonton Trends
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