Mississauga Real Estate Board

Market Conditions


Single detached

Months of inventory for single detached homes numbered 2.7 at the end of the second quarter of 2022, up from the 0.8 months recorded at the end of the second quarter of 2021.

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.

With a more balanced market, homes spent more time on the market in the second quarter of 2022 than they had a year earlier.

The median number of days on market for single detached homes was 9 in the second quarter of 2022, up slightly from 8 days in the second quarter of 2021.


Semi-detached

Months of inventory for semi-detached units numbered 1.7 at the end of the second quarter of 2022, up from the 0.6 months recorded at the end of the second quarter of 2021.

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.

With a more balanced market, semi-detached units spent more time on the market in the second quarter of 2022 than they had a year earlier.

The median number of days on market for semi-detached units was 10 in the second quarter of 2022, up slightly from 8 days in the second quarter of 2021.



Condominium townhouse

Months of inventory for condominium townhouse units numbered 2.5 at the end of the second quarter of 2022, up from the 1 month recorded at the end of the second quarter of 2021.

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.

With a more balanced market, condominium townhouse units spent more time on the market in the second quarter of 2022 than they had a year earlier.

The median number of days on market for condominium townhouse units was 12 in the second quarter of 2022, up slightly from 10 days in the second quarter of 2021.


Condominium apartment

Months of inventory for condominium apartment units numbered 3 at the end of the second quarter of 2022, up from the 1.4 months recorded at the end of the second quarter of 2021.

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.

With a more balanced market, condominium apartment units spent more time on the market in the second quarter of 2022 than they had a year earlier.

The median number of days on market for condominium apartment units was 13 in the second quarter of 2022, up slightly from 12 days in the second quarter of 2021.


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