MLS® home sales remain at subdued levels in July; new listings also decline
The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.
“Home sales are still running well below typical levels for this time of year. On the listings side, new supply took a notable step down at the beginning of the year and has been trending lower since that time,” said Bill Duce, CEO of Cornerstone. “Local market conditions have seen some improvement over last year as the balance has gradually shifted from deep buyer’s territory back to an almost balanced range. However, overall inventories remain historically elevated, and it will take a stronger rebound in demand, lower new supply, or a combination of both to anchor the market back in a balanced position.”
Mississauga Area Highlights:
Mississauga sales decreased by 8.1% compared to July 2025.
The number of new listings decreased 14.8% on a year-over-year basis.
The Mississauga Home Price Index (HPI) was $924,400 in July 2026, a decrease of 3.0% month-over-month, and down 5.6% on a year-over-year basis.
The total months of inventory was 5.0 months at the end of July 2026, down from 5.1 months at the end of July 2025, but above the long range average of 2.9 months for this time of year.
For more information https://cornerstone.inc/housing-market-statistics/
BOARD & ASSOCIATION INFORMATION
Cornerstone Association of REALTORS® (Cornerstone) is a not-for-profit organization with over 325 years of collective service from its founding associations. Established on July 1, 2024, Cornerstone leads with purpose, advocates boldly, and creates positive change for the success of our members throughout Mississauga, Burlington, Hamilton, Waterloo Region, Niagara North, Haldimand County, Norfolk County, and surrounding areas. With nearly 8,000 members, Cornerstone is the second-largest REALTOR® association in Ontario, dedicated to promoting the greater good of the real estate community. More information at https://www.cornerstone.inc/

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Drew Hemsley