Mississauga market report · May 2026
Mississauga housing market: May 2026
Mississauga housing market in May 2026: $971,047 average sale price (down 6.7% year over year), 568 homes sold, 5.0 months of supply — a buyer's market. Figures from the Toronto Regional Real Estate Board.
What happened in Mississauga in May 2026
Mississauga recorded 568 sales in May 2026, 11.8% more than the same month a year earlier. Sellers brought 1,582 new listings to market, leaving 2,465 properties in inventory — 12.0% less than a year ago. At the month's pace of sales that is 5.0 months of supply, which puts Mississauga in a buyer's market. 34% of the month's new listings sold.
The average sale price across all property types was $971,047, down 6.7% year over year and down 1.0% on the month. Detached homes averaged $1,367,848 against $543,142 for condo apartments — the gap that decides which side of the $1.5 million insured-financing cap a purchase here falls on.
The two years to May 2026
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,367,848 | -7.0% | 232 | 634 | 909 |
| Semi-detached | $931,437 | -5.5% | 75 | 164 | 204 |
| Row / townhouse | $935,588 | -7.9% | 17 | 39 | 63 |
| Apartment | $543,142 | -7.1% | 155 | 475 | 844 |
| All types | $971,047 | -6.7% | 568 | 1,582 | 2,465 |
Source: the Toronto Regional Real Estate Board, Mississauga, May 2026.
What this means if you're buying in Mississauga
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. Detached housing here often lands just under the $1.5 million insured cap, which is exactly where the down-payment scale is most worth understanding: below the line you can put down 5% of the first $500,000 plus 10% of the rest, and crossing it takes the minimum to a flat 20%. On the Square One condos, watch the maintenance fees — a high monthly fee reduces what you qualify for, because lenders add a portion of it to your debt-service calculation. Two units at the same price can produce different approvals for that reason alone.
Read the full Mississauga area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Mississauga?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.