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Real Estate Market Update


Blog by Gord Honor | April 22nd, 2017


There are currently 504 detached homes on the market in Mississauga. This is up a lot from the early part of the year where less than 200 homes were for sale in the City. 

Of these 204 are below $1,000,000 

Since the governments introduction of a new tax on foriegn buyers I think that we are going to see a continued increase in the number of homes for sale. I also think that some buyers may take a step back to see if the market is going to slow down at all. 

The net result I belive will be a more balanced market where the number of homes for sale is more in line with the demand and we'll get back to seeing negotiating on homes rather than bidding wars.