Mississauga's housing market closed out 2025 with prices well below where they stood a year earlier, according to figures the Toronto Regional Real Estate Board (TRREB) released on Wednesday.

There were 333 sales of existing homes in Mississauga in December through TRREB's MLS System, at an average price of $963,078 and a median price of $845,000. Another 515 new listings came on the market during the month. Homes sold for 96 per cent of their asking price on average and spent an average of 40 days on the market.

The MLS Home Price Index composite benchmark for Mississauga, which tracks the price of a typical home, stood at $887,300 in December, down 7.55 per cent from December 2024.

By type of home

  • Detached: 128 sales at an average of $1,414,336; benchmark price $1,284,500, down 8.03 per cent year over year

  • Semi-detached: 39 sales at an average of $914,159

  • Condo townhouses: 68 sales at an average of $727,227

  • Condo apartments: 89 sales at an average of $511,026; apartment benchmark $513,800, down 10.73 per cent year over year

The year in Mississauga

For all of 2025, TRREB recorded 5,398 home sales in Mississauga at an average price of $999,831 and a median of $907,000. There were 16,818 new listings in the city over the year.

Across Peel Region, there were 666 sales in December at an average price of $937,012.

GTA market set up for recovery, board says

Across the Greater Toronto Area, home sales fell 11.2 per cent in 2025 to 62,433, while new listings rose 10.1 per cent to 186,753. The annual average selling price was $1,067,968, down 4.7 per cent from 2024. In December alone, GTA sales were down 8.9 per cent from a year earlier at 3,697, and the average price was down 5.1 per cent at $1,006,735.

The GTA housing market became more affordable in 2025 as selling prices and mortgage rates trended lower. Improved affordability has set the market up for recovery.

— Daniel Steinfeld, President, Toronto Regional Real Estate Board

TRREB chief information officer Jason Mercer said reaffirmed trade relationships and large-scale domestic economic development projects will be key to improving sales, because buyers need to feel secure in their jobs before taking on mortgage payments.

GTA households must be confident in their employment situation before committing to long-term monthly mortgage payments, even in this more affordable market.

— Jason Mercer, Chief Information Officer, Toronto Regional Real Estate Board

TRREB chief executive John DiMichele called on governments at all levels to provide tax relief to help ease the rising cost of living.