By: Jeff Peterson**

October 2022 - Real Estate Market Update

Tags: House Prices In Mississauga


After a precipitous drop in average real estate home sale prices since the peak of the market in January 2022, average home sale prices appear to be stabilizing in the GTA. Entry level homes such as condos actually appear to be appreciating again while upper end detached homes continued to lose ground, perhaps as this part of the market waits for sellers at less expensive levels to complete their transactions and move up.

In general, supply dropped more than demand and this type of trend tends to slow dropping prices as sellers who don't have to sell decide to wait out current market conditions for more favourable circumstances.