City of Mississauga House Inventory, Average House Prices and Appartment Rental Rates

City of Mississauga House Inventory, Average House Prices and Appartment Rental Rates

Housing Inventory

Time Frame

Housing Type

Units

Existing

Detached & Semi-Detached

127,047

Townhouse

36,590

Apartments

79,174

Total

242,811

Future Total
Supply Potential (Projection for 2041)

Detached & Semi-Detached

130,000

Townhosue

45,000

Apartment

114,000

Total

289,000

Source: City of Mississauga Growth Forecasts 2011-2041 Housing

Average House Prices By Type

House Type

Average House Price

Senior Executive (1)

$790,000

Executive Detached (2)

$571,700

Standard 2-storey (3)

$475,875

Standard Townhouse (4)

$369,000

Luxury Condominium (5)

$400,000

Standard Condominium(6)

$302,000

Source: Royal LePage, Q4 2014 Survey of Canadian House Prices
Note: This chart is meant to be a guideline only
(1) 3,000+ sq. ft., 2-storey, 4/5 bedroom, 3 washrooms, main floor family plus library, fireplace(s), 2 car garage
(2) 2,000+ sq. ft., 2-storey, 4 bedroom, 21⁄2 washrooms, main floor family room, fireplace & 2 car garage
(3) 1,500 sq. ft., 2-storey, 3 bedroom, detached or semi-detached, detached garage
(4) 1,000 sq. ft. either condominium or freehold, 3 bedrooms, 11⁄2 washrooms,
1 car garage
(5) 1,400 sq. ft., 2-bedroom apartment with family room in a high-rise, 1 underground parking, common area amenities
(6) 900 sq. ft., 2 bedroom apartment in high-rise

Average Monthly Apartment Rental Rates

# of Bedrooms

Average Monthly Rent

Vacancy Rate

Bachelor

$827

2.7%

1 Bedroom

$1,051

1.5%

2 Bedroom

$1,211

1.6%

3+ Bedroom

$1,342

2.8%

Source: Canada Mortgage & Housing Corporation (CMHC), Rental Market Report Greater Toronto Area, Fall 2014
Note: This chart is meant to be a guideline only

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