Mississauga's housing market opened 2026 with fewer sales, lower prices and homes sitting on the market longer than a year earlier, according to January figures released Wednesday by the Toronto Regional Real Estate Board.

There were 300 sales in Mississauga last month, compared with 355 in January 2025, a drop of about 15 per cent. The average selling price was $943,607, down about four per cent from $985,321 a year earlier. The median price, the midpoint of all sales, fell more sharply, to $838,700 from $926,000.

Buyers also had more time to decide. Homes that sold in Mississauga in January were listed for an average of 44 days, up from 31 days a year earlier, and sold on average for 96 per cent of the asking price, compared with 99 per cent in January 2025.

By type of home

  • Detached: 100 sales at an average of $1,440,435

  • Semi-detached: 53 sales at an average of $897,014

  • Condo townhouse: 51 sales at an average of $690,420

  • Condo apartment: 85 sales at an average of $534,289

TRREB's benchmark price, which tracks a typical home and smooths out swings in the mix of properties sold, was $879,100 for Mississauga, 8.5 per cent lower than a year ago. Condo apartments posted the steepest decline, with the benchmark down about 11.4 per cent to $507,300. The detached benchmark fell 8.8 per cent to $1,274,300.

The wider GTA picture

Across the board's whole market area, sales fell 19.3 per cent from a year earlier to 3,082, and the average price dropped 6.5 per cent to $973,289, below the $1-million mark. Active listings rose 8.1 per cent to 17,975. In Peel Region as a whole, there were 609 sales at an average of $929,058.

The board said it expects price and sales weakness to continue through at least the first half of the year, as plentiful supply keeps pressure on prices. It said prices could steady later in 2026 if consumer confidence improves.

Board president Daniel Steinfeld said households remain wary of taking on long-term mortgage payments while economic uncertainty lingers, though more clarity could draw buyers back. An Ipsos survey released by the board found the share of GTA residents planning to buy a home in 2026 fell five percentage points from last year, to 22 per cent.

For Mississauga buyers, the January numbers mean more time to shop and prices below what sellers were getting a year ago, with the biggest year-over-year declines in condo apartments.