Housing Statistics For Brampton and Mississauga

Market Watch and Economic Indicators For Brampton and Mississauga

 How Housing Statistics Affect You
 
When buying, selling or renting a home it is important that you are aware of housing statistical information for the neighborhood. Not knowing market statistics can cause you to pay more for a home than it's worth or sell your home for less.  Be informed!  Review housing stats below andconatct MyDaddyHomes  to help you Buy, Sell or rent a home or condo.
 

Toronto Real Estate Board Summary Of Housing Activity 

 

GTA REALTORS® Release June 2021 Stats:

June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last year as well, but the annual rate of increase moderated compared to the previous three months.

Greater Toronto Area REALTORS® reported 11,106 sales through TRREB’s MLS® System in June 2021 – up by 28.5 per cent compared to June 2020. Looking at the GTA as a whole, year-over-year sales growth was strongest in the condominium apartment segment, both in the City of Toronto and some of the surrounding suburbs. On a monthover-month basis, both actual and seasonally adjusted sales continued to trend lower in June.

“We have seen market activity transition from a record pace to a robust pace over the last three months. While this could provide some relief for home buyers in the near term, a resumption of population growth based on immigration is only months away. While the primary focus of policymakers has been artificially curbing demand, the only longterm solution to affordability is increasing supply to accommodate perpetual housing needs in a growing region,” said TRREB President Kevin Crigger.

In all major market segments, year-over-year growth in sales well outpaced growth in new listings over the same period, pointing to the continuation of tight market conditions characterized by competition between buyers and strong price growth. On a month-over-month basis, both actual and seasonally adjusted average prices edged lower in June.

The June 2021 MLS® Home Price Index composite benchmark was up by 19.9 per cent year over year. The average selling price for all home types combined was up by 17 per cent over the same time period to $1,089,536. While price growth continued to be driven by the low-rise segments of the market, it is important to note that the average condominium apartment price was up by more than eight per cent compared to June 2020, well outstripping inflation.

 

Brampton And Mississauga Average and Median Housing Statistics:

Legend:

Avg DOM: Average days on the market before being sold

Summary By House Type:

Detached 

City:

Average

Price

Median

Price

 

Avg.

DOM

Brampton

$1,188,000

$1,105,000

 

9

Mississauga

$1,555,000

$1,351,000

 

11

Semi-Detached  

City

Average

Price

Median

Price

 

Avg.

DOM

Brampton

$890.000

$885,000

 

10

Mississauga

$977,000

$968,000

 

9

 Freehold Townhouse 

City

Average

Price

Median

Price

 

Avg.

DOM

Brampton

$817,000

$820,000

 

12

Mississauga

$950,000

$950,000

 

9

 Condo Townhouse 

City

Average

Price

Median

Price

 

Avg.

DOM

Brampton

$662,000

$648,000

 

13

Mississauga

$774,000

$750,000

 

11

Condo Apartment  

City

Average

Price

Median

Price

 

Avg.

DOM

Brampton

$504,000

$499,000

 

15

Mississauga

$577,000

$555,000

 

13


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