2021 Mississauga Housing Market Outlook
Mississauga housing market to favour sellers in 2021, prices expected to rise 4%
The Mississauga housing market is in store for another seller’s market in 2021, thanks to continuing challenges in housing supply and rising prices. Low inventory has been a common trend across many Ontario housing markets, putting upward pressure on prices. Indeed, Mississauga residential sale prices rose to $880,374 in 2020 (Jan. 1-Oct. 31) compared to $760,345 in 2019 (Jan. 1-Dec. 31). With supply levels expected to be a top concern in 2021, the RE/MAX outlook for Mississauga real estate is an increase of 4% in average price to approximately $915,588.
Housing inventory currently sits at 1.5 months, and days on market are expected to hold steady in 2020.