Cornerstone Association of REALTORS - Mississauga

The number of homes sold in Mississauga totaled 556 units in October 2025. This was a small reduction of 3.6% from October 2024.

Home sales were 6% below the five-year average and 21.6% below the 10-year average for the month of October.

On a year-to-date basis, home sales totaled 4,692 units over the first 10 months of the year. This decreased by 9.9% from the same period in 2024.

“Sales activity edged down on year-over-year basis in October. However, looking through the monthly seasonality the Mississauga region is still holding up above the recent dip that occurred earlier this year in the spring, which shows that there’s been some momentum gathering in the recovery,” said Helen Goljak, Cornerstone spokesperson for the Mississauga market area. “For the time being, inventories remain historically elevated, and the local housing market is in buyer’s territory. One bright spot from October was the provincial government’s announcement that they would be rebating the provincial portion of the HST on new homes for first-time buyers, which we hope will allow more people to participate in the housing market once it is officially introduced.”

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 $978,500 in October 2025, a decrease of 6.7% compared to October 2024.

The benchmark price for single-family homes was $1,236,100, a moderate decrease of 7.3% on a year-over-year basis in October. By comparison, the benchmark price for townhouse/row units was $769,600, falling by 6.5% compared to a year earlier, while the benchmark apartment price was $587,600, a decline of 6.9% from year-ago levels.

The average price of homes sold in October 2025 was $968,036, a sharp decrease of 10.5% from October 2024.

The more comprehensive year-to-date average price was $999,978, down by 6.4% from the first 10 months of 2024.

The dollar value of all home sales in October 2025 was $538.2 million, a substantial decrease of 13.8% from the same month in 2024.

The number of new listings saw a moderate gain of 9% from October 2024. There were 1,410 new residential listings in October 2025. This was the largest number of new listings added in the month of October in five years.

New listings were 19.9% above the five-year average and 12.9% above the 10-year average for the month of October.

Active residential listings numbered 2,505 units on the market at the end of October, increasing by 20% from the end of October 2024. Active listings haven’t been this high in the month of October in more than 15 years.

Active listings were 55.1% above the five-year average and 69.3% above the 10-year average for the month of October.

Months of inventory numbered 4.5 at the end of October 2025, up from the 3.6 months recorded at the end of October 2024 and above the long-run average of 2.4 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.