In this article I will go over the Mississauga real estate market and how it’s been performing in the summer of 2019.
First off, unlike at this time last year, the real estate market market in Mississauga has been slowly coming back to life after the negative effects of the Foreign Home Buyers tax and the tougher mortgage lending regulations. This is a reflection fo the fact that Mississauga and the GTA is still a very popular destination for home buyers and that the economy is still doing well.
Below are some high level numbers of the Mississauga Real Estate Market at a glance:
Average sales Price in Mississauga: +8.19%
Number of Sales in Mississauga: +15.64%
Number of Active Listings in Mississauga: -14.99%
What does this mean for Mississauga Real Estate?
With sales up and listings down, this means that we are looking at a stronger sellers market for the next 60 – 90 days. However, most of the sales increases have come in the lower priced properties, showing that the government stress test is having a negative effect on the higher priced properties.
I hope you enjoyed this Mississauga Real Estate Market update. For more information be sure to check out the TREB Market watch report and contact me for more information!
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