MLS® home sales remain at multi-decade lows in August
The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.
“Mississauga’s market saw a slight year-over-year increase in sales in August, up 2.8%, but activity remained historically low compared with previous years dating back to 1994,” said Bill Duce, CEO of Cornerstone. “At the same time, new listings declined 15.6% year-over-year, and active listings were also down, suggesting overall supply levels may have stabilized for the time being. Even with that shift, buyers continue to have more choice than in more active market periods, while prices remain under pressure, with the average sale price down 7.2% year-over-year and the Home Price Index down 5.5%. This points to a cautious market where buyers and sellers are taking their time. For anyone considering a move, working with a local REALTOR® who understands Mississauga’s neighbourhoods and current market conditions can help them make informed decisions.”
Mississauga Area Highlights:
Home sales in Mississauga increased by 12, or 2.8%, compared with August 2025.
The number of new listings decreased by 15.6% year-over-year.
The Mississauga Home Price Index (HPI) was $913,300 in August 2026, down 1.2% month-over-month and 5.5% year-over-year.
The total months of inventory numbered 5.4 months at the end of July 2026, down from 6.1 months at the end of August 2025 and above the long-run average of 2.8 months for this time of year.
For more information https://cornerstone.inc/housing-market-statistics/
BOARD & ASSOCIATION INFORMATION
Cornerstone Association of REALTORS® (Cornerstone) is a not-for-profit organization with over 325 years of collective service from its founding associations. Established on July 1, 2024, Cornerstone leads with purpose, advocates boldly, and creates positive change for the success of our members throughout Mississauga, Burlington, Hamilton, Waterloo Region, Niagara North, Haldimand County, Norfolk County, and surrounding areas. With nearly 8,000 members, Cornerstone is the second-largest REALTOR® association in Ontario, dedicated to promoting the greater good of the real estate community. More information at https://www.cornerstone.inc/

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Drew Hemsley