Cornerstone Association of REALTORS - Mississauga

“The number of homes sold in Mississauga totaled 500 units in July 2026. This was a decline of 8.1% from July 2025.

Home sales were 0.5% above the five-year average and 26.4% below the 10-year average for the month of July.

On a year-to-date basis, home sales totaled 3,234 units over the first seven months of the year. This was up modestly by 1.3% from the same period in 2025.

“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.”

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 $924,400 in July 2026, a decline of 5.6% compared to July 2025.

The benchmark price for single-family homes was $1,196,100, down modestly by 3.3% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $712,800, a substantial decrease of 11.3% compared to a year earlier, while the benchmark apartment price was $520,000, a moderate decrease of 7.3% from year-ago levels.

The average price of homes sold in July 2026 was $899,002, a decrease of 9.6% from July 2025.

The more comprehensive year-to-date average price was $964,015, a moderate decrease of 5.7% from the first seven months of 2025.

The dollar value of all home sales in July 2026 was $449.5 million, a substantial decline of 16.9% from the same month in 2025.

The number of new listings saw a sharp decrease of 14.8% from July 2025. There were 1,388 new residential listings in July 2026.

New listings were 1.4% below the five-year average and 2.7% below the 10-year average for the month of July.

Active residential listings numbered 2,518 units on the market at the end of July, down by 9.2% from the end of July 2025.

Active listings were 22.6% above the five-year average and 49.1% above the 10-year average for the month of July.

Months of inventory numbered 5 at the end of July 2026, down from the 5.1 months recorded at the end of July 2025 and above the long-run average of 2.9 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.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.”

Mississauga Area Highlights:

• Mississauga sales increased by 8.2% from June 2025.

• The number of new listings decreased 11.2% on a year-over-year basis.

• The Mississauga Home Price Index (HPI) was $953,400 in June 2026, a decrease of 0.2% month-over-month, and down 7.1% on a year-over-year basis.

• The total months of inventory was 4.6 at the end of June 2026, down from 5.5 months at the end of June 2025.