Home prices were down in Mississauga last month.

Mississauga’s real estate market cooled in August, with sales falling 13 per cent month-over-month to 435 transactions, real estate platform Zoocasa said in its analysis of the August Toronto Regional Real Estate Board data.

New listings declined 19.2 per cent to 1,122 properties, while active listings fell 6.2 per cent to 2,361 homes. Selling times also lengthened, with average days on market increasing to 54 from 47 in July.

“The decline in new listings was sharper than the reduction in active inventory, suggesting that the seasonal slowdown in seller activity helped limit the amount of supply available to buyers,” Zoocasa said. “This helped keep overall market conditions from becoming significantly more competitive or more favourable to either side.”

The average selling price slipped by 0.1 per cent from $899,002 in July to $898,510 in August, Zoocasa said. The average price was $968,250 in August 2025, according to TRREB data.

The average price for a detached home came in at $1,275,221, slightly higher than July’s average at $1,256,800, but below the August 2025 average of $1,362,799.

Home buying slowed in this category—detached home sales declined 10.9 per cent.

The average selling price for a semi-detached was $879,494 down from $891,613 in July, and $973,755 in August 2025.

The townhouse average price was $874,772 last month, compared to $965,579 in August 2025.

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Condo apartment prices also continued to decline, down to $495,052 from $511,649 in July, according to TRREB data. The average price for a condo apartment was $549,936 in August 2025.

“Condo apartment activity and prices both softened, reflecting weaker demand in the more affordable segment of the market,” Zoocasa said.

Overall, the combination of steady pricing, declining sales and longer selling times suggests Mississauga remained relatively balanced, with buyers retaining negotiating power despite a reduction in available listings, Zoocasa added.

In the Greater Toronto Area, the average selling price, at $993,410, was down by 2.7 per cent, TRREB said.

Experts suggest ongoing tariff threats are impacting the housing market.

“Ownership housing in the GTA has remained relatively affordable over the past year, with average prices dipping and mortgage rates remaining somewhat flat,” said TRREB’s chief information officer Jason Mercer. “Recent news on the overall economy and job creation has been positive. The main hold-back for many households has been concerns around trade with the United States and the potential for higher inflation and borrowing costs in the future.”


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