Mississauga Real Estate Market Update: Listings Up Nearly 90%

New Real Estate Listings Skyrocket by Nearly 90% as Prices Drop in Mississauga

Mississauga’s real estate market kicked off the new year with a noticeable shift in momentum — and both buyers and sellers are feeling it.

New listings surged dramatically in January, giving buyers more choice than they’ve seen in years, while prices remained softer compared to last year. According to an analysis of Toronto Regional Real Estate Board (TRREB) data by Zoocasa, new home listings in Mississauga jumped 89.7 per cent, pushing months of inventory up to 5.2.

This increase in supply is part of a broader trend across the Greater Toronto Area, where listing levels rose in January and are expected to remain elevated as 2026 unfolds.

More Choice for Buyers, Slower Pace Overall

With more homes coming to market, buyer leverage has increased — and that’s beginning to show in pricing and market speed.

Total sales volume in Mississauga fell 9.9 per cent month-over-month, with 300 transactions recorded in January. As competition among sellers intensified, the average selling price slipped two per cent to $943,607.

Homes are also taking longer to sell. Properties spent an average of 68 days on market, up from 62 days in December — a sign that buyers are taking their time and becoming more selective.

TRREB Chief Information Officer Jason Mercer summed it up well, noting that buyers are expected to benefit from substantial choice in 2026, particularly in the first half of the year, keeping price growth and affordability in check.

Detached Homes: Higher Supply, Mixed Results

The detached housing segment experienced what Zoocasa described as a “tug-of-war between price and supply.”

While sales volume dropped sharply by 21.9 per cent, the average detached home price actually increased 1.9 per cent to $1,440,435. At the same time, new detached listings surged 93.6 per cent, flooding the market with inventory.

With fewer buyers acting immediately, detached homes stayed on the market longer, averaging 44 days to sell, up from 34 days in December.

Semi-Detached and Townhouses See a Rebound

In contrast to detached homes, semi-detached and townhouse properties saw renewed activity in January.

• Semi-detached sales jumped 35.9 per cent, though increased competition among sellers led to a 1.9 per cent dip in average price, bringing it to $897,014.

• Townhouse sales rose 25 per cent, with prices edging up 1.7 per cent to $901,090. However, buyers still took their time, with the average days on market stretching to 55 days.

This segment continues to appeal to buyers looking for more space than a condo without the price tag of a detached home.

Condos: A Tale of Two Markets

The condo market remained divided.

Apartment-style condos showed surprising resilience. Despite a slight 4.5 per cent drop in sales volume, the average price rebounded 4.5 per cent to $534,289, suggesting steady demand at more affordable price points.

Condo townhouses, however, faced a tougher month. Sales fell 25 per cent, and the average price declined 5.1 per cent to $690,420. Buyers remained cautious, with homes sitting on the market for an average of 52 days.

What This Means for Mississauga Buyers and Sellers

For buyers, this market offers something that’s been missing for a long time: choice and negotiating power. With inventory rising and price growth subdued, early 2026 presents opportunities — especially for those who are patient and well-prepared.

For sellers, strategy matters more than ever. Pricing accurately, presenting the home well, and understanding how your specific property type is performing will make the difference between selling confidently and sitting on the market.

As the year continues, Mississauga’s market is shaping up to reward those who stay informed and adapt to changing conditions — whether you’re buying, selling, or simply watching from the sidelines.