Cornerstone Association of REALTORS - Mississauga

The number of homes sold in Mississauga totaled 567 units in June 2026. This increased by 8.2% from June 2025.

Home sales were 5.4% below the five-year average and 24.1% below the 10-year average for the month of June.

On a year-to-date basis, home sales totaled 2,736 units over the first six months of the year. This was a modest gain of 3.3% from the same period in 2025.

“We’ve been seeing small glimpses of rebounds in sales activity here and there, but nothing sustained. Meanwhile, on the supply side, there’s definitely been a reduction in the number of sellers testing the market since the beginning of the year,” said Bill Duce, CEO of Cornerstone. “Overall inventories are moving sideways at the moment as supply and demand are roughly balanced, a welcome change from the trends over the past two years that saw supply levels rise to their highest since 2009 around the same time last year. In the absence of stronger demand, we’re just looking for a moderation in supply as buyers still haven’t found their footing back in the market.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $953,400 in June 2026, falling by 7.1% compared to June 2025.

The benchmark price for single-family homes was $1,218,200, a decline of 5.5% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $725,700, down sharply by 10.3% compared to a year earlier, while the benchmark apartment price was $554,200, a substantial decrease of 10.4% from year-ago levels.

The average price of homes sold in June 2026 was $1,014,120, nearly unchanged, down only 0.5% from June 2025.

The more comprehensive year-to-date average price was $975,512, a decrease of 5.1% from the first six months of 2025.

The dollar value of all home sales in June 2026 was $575 million, a moderate gain of 7.6% from the same month in 2025.

The number of new listings saw a substantial decline of 11.2% from June 2025. There were 1,632 new residential listings in June 2026.

New listings were 0.9% below the five-year average and 1.4% below the 10-year average for the month of June.

Active residential listings numbered 2,589 units on the market at the end of June, a sharp decrease of 10.9% from the end of June 2025.

Active listings were 25% above the five-year average and 48.9% above the 10-year average for the month of June.

Months of inventory numbered 4.6 at the end of June 2026, down from the 5.5 months recorded at the end of June 2025 and above the long-run average of 2.6 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.