Mississauga in July 2026
Mississauga recorded 435 home sales in August 2026 across all home types, generating $390,851,811 in dollar volume against 1,122 new listings — a sales-to-new-listings ratio (SNLR trend) of 35.9%. The average sale price was $898,510 and the median was $842,000. There were 2,361 active listings at month's end, equal to 4.8 months of inventory on a trend basis. Homes that sold did so at an average of 97% of list price, spending an average of 36 days on market from listing (54 days including relistings, on a property basis).
Mississauga is one of three markets that make up TRREB's Peel Region, alongside Brampton (498 sales, $885,702 average price) and Caledon (55 sales, $1,230,122 average price). Together the region posted 940 sales and $853,910,550 in dollar volume in August 2026.
Source: Toronto Regional Real Estate Board (TRREB), Market Watch, August 2026 — Summary of Existing Home Transactions, All Home Types (p. 3).
Sales & Average Price by Property Type
TRREB tracks five main residential property types for Mississauga. Note that Freehold Townhouse (recorded as "Att/Row/Twnhouse" — a freehold, ground-related home) and Condo Townhouse (a townhouse held under a condominium corporation) are reported as two distinct categories by TRREB — they are not interchangeable.
| Property Type | Sales | Avg. Price | Median Price | Active Listings | Avg. SP/LP |
|---|---|---|---|---|---|
| Detached | 184 | $1,256,800 | $1,187,500 | 945 | 96% |
| Semi-Detached | 69 | $891,613 | $880,000 | 204 | 98% |
| Freehold Townhouse (Att/Row/Twnhouse) | 23 | $911,812 | $870,000 | 62 | 98% |
| Condo Townhouse | 95 | $712,285 | $665,000 | 406 | 98% |
| Condo Apartment | 124 | $511,649 | $478,450 | 888 | 97% |
Source: Toronto Regional Real Estate Board (TRREB), Market Watch, August 2026 — Summary of Existing Home Transactions by property type: Detached (p. 7), Semi-Detached (p. 9), Att/Row/Townhouse [Freehold] (p. 11), Condo Townhouse (p. 13), Condo Apartment (p. 15).
MLS® HPI Benchmark & Year-over-Year Change
The MLS® Home Price Index (HPI) tracks the price of a "typical" home and is less distorted by high-end sales than the average price above. TRREB reports HPI benchmarks in four categories — Single-Family Detached, Single-Family Attached, Townhouse, and Apartment — plus a Composite across all types.
| HPI Category | Benchmark Price | YoY Change |
|---|---|---|
| Composite | $880,200 | ▼ 5.04% |
| Single-Family Detached | $1,271,200 | ▼ 5.17% |
| Single-Family Attached | $881,900 | ▼ 6.13% |
| Townhouse | $691,300 | ▼ 8.34% |
| Apartment | $500,200 | ▼ 7.27% |
Source: Toronto Regional Real Estate Board (TRREB), Market Watch, August 2026 — Focus on the MLS® Home Price Index, Index and Benchmark Price (p. 25). TRREB's HPI property categories (Single-Family Detached / Attached, Townhouse, Apartment) are defined independently of the Sales & Average Price categories above.
Supply and Demand Breakdown
Source: Toronto Regional Real Estate Board (TRREB), Market Watch, August 2026, All Home Types summary (p. 3).
What's Driving the Market
GTA-wide conditions: Across all of TRREB's coverage area, home sales edged down 2.1% year-over-year to 5,057 in August 2026, while new listings fell 14.1% to 12,075 — active listings fell 12.1% to 26,098. "With sales accounting for a larger share of listings, buyers may find there is less room to negotiate moving forward," said TRREB President Daniel Steinfeld. The MLS® HPI Composite benchmark for all of TRREB was down 4.6% year-over-year, roughly in line with Mississauga's own 5.04% composite decline.
Interest rates: The Bank of Canada's overnight rate stood at 2.3% and the prime rate at 4.5% as of the September 2026 announcement. Bank of Canada data for completed mortgage rates in August 2026 show 1-year at 5.49%, 3-year at 6.05%, and 5-year at 6.09%. See our fixed vs. variable rate guide for help choosing between them, and confirm what you'd qualify for with our stress test calculator — background on the federal qualifying rules is in our OSFI stress test explainer.
Economic backdrop: Toronto-area employment grew 0.9% in June 2026 while the seasonally adjusted unemployment rate stood at 7.2%. Real GDP growth for Q1 2026 was -0.1%, and year-over-year CPI inflation was 2.8% as of June 2026.
Zoning and municipal costs: "Removing remaining municipal roadblocks to attainable housing is a pressing issue in the GTA and Simcoe County. Restrictive zoning, outdated rules, high taxes and fees, and approval delays are making housing more expensive... They add tens of thousands of dollars to the cost of every home and need to be reformed," said TRREB CEO John DiMichele. Buyers new to the Ontario market — including many first-time buyers in Peel Region — can find a full walkthrough in our Ontario first-time buyer guide.
Source: Toronto Regional Real Estate Board (TRREB), Market Watch, August 2026 — GTA REALTORS® Release, Economic Indicators, Year-Over-Year Summary (p. 1).
GTA-Wide Historical Context
TRREB does not publish a 20-year price history broken out by individual municipality, so the figures below are for all TRREB areas combined (not Mississauga specifically) and are included for broader context.
Source: Toronto Regional Real Estate Board (TRREB), Market Watch, August 2026 — Historic Annual Statistics and Monthly Statistics 2025/2026 (p. 27). Figures are for all TRREB areas, not Mississauga alone.
Key Terms
Mississauga Rents — July 2026
Average asking rent in Mississauga was approximately $2,357/month across all unit types in July 2026, with a one-bedroom averaging $2,052/month and a two-bedroom averaging $2,445/month. Mississauga is one of several GTA-area markets — alongside Brampton, Oakville, and Oshawa — posting annual rent declines of more than 7% across all property types.
Source: Rentals.ca National Rent Report, July/August 2026 data. Rentals.ca's site blocks automated retrieval, so these figures were corroborated across two independent search queries rather than fetched directly from the primary report — confirm current figures at rentals.ca/national-rent-report before relying on them. Renting vs. buying? Run the numbers with our rent vs. buy calculator.
Compare Other GTA Markets
Mississauga is one of three markets in TRREB's Peel Region. See how it compares to its regional neighbour, and to the City of Toronto.