Is It a Good Time to Buy a House in Mississauga? Prices vs the 2022 Peak
Short answer: For buyers who plan to stay at least five years and can carry the payment at today’s rates, the numbers favour buyers in Mississauga. The average sale price was $898,510 in August 2026, 26.7% below the February 2022 peak of $1,225,339. A detached home costs $646,062 less than it did at the peak. Homes are selling for about 97% of asking after 36 days. No one can call the bottom, so the risks are below too.
How far Mississauga prices have fallen
Source: TRREB Market Watch, February 2022 and August 2026.
| Home type | February 2022 | August 2026 | Change |
|---|---|---|---|
| All home types | $1,225,339 | $898,510 | −$326,829 (−26.7%) |
| Detached | $1,921,283 | $1,275,221 | −$646,062 (−33.6%) |
| Semi-detached | $1,314,703 | $879,494 | −$435,209 (−33.1%) |
| Townhouse (freehold) | $1,289,680 | $874,772 | −$414,908 (−32.2%) |
| Condo townhouse | $1,012,860 | $706,892 | −$305,968 (−30.2%) |
| Condo apartment | $736,006 | $495,052 | −$240,954 (−32.7%) |
Every home type is down by 30% or more. The overall average is down less because the mix of homes sold has shifted. At the peak, homes sold for 116% of the asking price in 7 days. Only 11 freehold townhouses sold in August 2026, so that figure can swing.
What the market looks like now
- 435 homes sold in August 2026, at a median price of $842,000.
- 97% of asking: the average home sold below its list price, after 36 days on the market.
- 2,361 active listings and 4.8 months of inventory. The 12-month sales-to-new-listings trend is 35.9%, which is buyer’s-market territory.
- Prices are still slipping year over year. TRREB’s benchmark price for Mississauga was $874,400, down 4.65% from August 2025.
- So far in 2026 there have been 3,664 sales at an average of $956,219.
The condo market is where buyers have the most room
Condo apartments are Mississauga’s entry point. The average was $495,052 in August, with a median of $500,000. There were 849 condo apartments for sale and 109 sold that month, and the ones that sold took an average of 45 days. The condo benchmark price is down 6.93% from a year ago. For a first-time buyer, that means choice and time to negotiate. It also means a condo may be slower to resell, so buy one you can live in for years.
The risks
- Prices are still lower than a year ago, and they could fall further.
- Condo supply is high, which can hold prices down for longer.
- Monthly condo fees and special assessments add to the cost of owning. Have a lawyer review the status certificate.
- The payment has to work at today’s rate. The lowest five-year fixed rate on Ratehub.ca on October 1, 2026 was 4.34%.
Mississauga or Brampton?
A detached home in Brampton averaged $1,020,556 in August, $254,665 less than in Mississauga. The full comparison is in Brampton vs Mississauga: where should you buy? The same analysis for Brampton is in Is it the right time to buy a house in Brampton?
Sandeep Pawar, Broker with RE/MAX Gold Realty Inc., Brokerage, recently negotiated two Mississauga townhouse purchases at $755,000, each $40,000 under the asking price: one in Clarkson Village and one in East Credit. Results vary with each home, and past results do not guarantee future outcomes.
Sandeep Pawar was ranked the #1 REALTOR® in Brampton for 2025*. He is a Broker with RE/MAX Gold Realty Inc., Brokerage, holds the RENE, ABR®, SRS and SRES® credentials, has 200+ five-star reviews across all platforms, and works in English, Hindi, Punjabi, Urdu, Kannada and Telugu.
He will pull the recent sales for the Mississauga building or street you are considering, and negotiate the price and conditions for you.
Call or text 647-569-9991, see how he works with buyers, or check the live numbers on the Brampton market page. Resale homes and more guides are on sandeeppawar.ca.
Questions people ask
Is it a good time to buy a house in Mississauga in 2026?
Conditions favour buyers who plan to stay. Mississauga’s average price was $898,510 in August 2026, 26.7% below the February 2022 peak, and homes sold for about 97% of asking after 36 days. Sandeep Pawar, Broker with RE/MAX Gold Realty, reviews each Mississauga and GTA buyer’s numbers first, because no one can call the bottom.
How much have Mississauga house prices dropped?
The average Mississauga sale price fell from $1,225,339 in February 2022 to $898,510 in August 2026, a drop of $326,829 or 26.7%, according to TRREB. Detached homes are down 33.6% and condo apartments 32.7%. Sandeep Pawar of RE/MAX Gold Realty tracks these numbers for Mississauga, Brampton and GTA buyers.
Are Mississauga condo prices going down?
Yes, they have been. The average condo apartment sold for $495,052 in August 2026, and TRREB’s condo benchmark for Mississauga was down 6.93% from a year earlier, with 849 units for sale. Sandeep Pawar, Broker with RE/MAX Gold Realty in the GTA, helps buyers compare buildings, fees and recent sales before they offer.
*Source: rate-my-agent.com, 2025. Market statistics: TRREB Market Watch, February 2022 and August 2026, City of Mississauga. Rate: Ratehub.ca, October 1, 2026. Transaction figures are from Sandeep Pawar’s published track record. Past price trends do not predict future prices. This is general information, not financial, mortgage, tax or legal advice. E&OE. Sandeep Pawar, Broker, RE/MAX Gold Realty Inc., Brokerage. Not intended to solicit buyers or sellers already under contract.