Mississauga’s housing market saw a significant influx of new listings in March, as sellers returned ahead of the spring season.

New listings rose about one‐third month-over-month to 1,322 in Mississauga in March, providing buyers with a wide range of options, real estate brokerage Zoocasa said in its analysis of the Toronto Regional Real Estate Board data.

The increased selection of properties helped drive a 31 per cent rise in sales, with 452 homes trading hands, up from 345 in February, Zoocasa said.

Market conditions remained relatively stable overall, Zoocasa found. Months of inventory was 5.4 in March, indicating buyer‐leaning conditions, while homes spent about 52 days on the market, down roughly four days from February.

Prices also remained relatively flat compared to February, with homes selling for an average of $966,615, compared to $963,747 in February. But prices remain below what they were one year ago. The average was just over $1 million in March 2025, TRREB numbers show.

While still unaffordable for many people, Zoocasa said Mississauga is firmly in buyer’s market territory.

The most notable shift occurred in the detached homes segment, Zoocasa found. New detached home listings jumped nearly 50 per cent in March, creating a surplus of inventory relative to sales.

While detached homes remain the most sought-after property type, this increase in supply has given buyers more leverage.

The average detached price fell from about $1.46 million in February to roughly $1.24 million in March. Prices are also down year-over-year. The average price for a Mississauga detached home in March 2025 was $1,561,922, TRREB numbers show.

Detached homes continued to sell in roughly a month on the market, underscoring firm demand but greater negotiating room for buyers, Zoocasa noted.

Meanwhile, demand for more affordable housing options continues to strengthen.

Semi‐detached home sales edged up six per cent in March, rising from 50 to 53 transactions, while the average price held fairly steady, increasing about two per cent from $790,736 to $802,700. The average price for a semi-detached home in March 2025 was $1,003,548.

The average price for a condo apartment has decreased year-over-year from $583,918 in March 2025 to $527,743 last month.

Comparing Mississauga to Peel Region overall, listings are also surging in the region. Sales increased 24 per cent month-over-month, with 876 homes trading hands, while new listings rose sharply by 35 per cent in Peel Region as more sellers entered the market.

The average selling price edged up two per cent month-over-month to $956,714 in the region as a whole.

Experts predict prices could start increasing in 2026.

“Buyers continued to benefit from substantial negotiating power on price across major market segments in the last month. This explains why benchmark and average selling prices were down year-over-year,” said TRREB Chief Information Officer Jason Mercer. “However, if market conditions continue to tighten, as they did in March, selling prices could start levelling off as we move through the remainder of 2026.”


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