New real estate listings surge as average home price stays below $1M in Mississauga

Mississauga's housing market saw a 33% rise in new listings in March, boosting sales by 31% to 452 homes. Inventory increased, especially for detached homes, whose average price dropped from $1.46M to $1.24M. Semi-detached sales rose slightly, with stable prices, while condo prices fell year-over-year. Peel Region also experienced a surge in listings and sales, with average prices up 2%. Market conditions favor buyers, but prices may rise in 2026.