Ontario's market this morning: 79,464 homes for sale, median ask $699,900
Thursday, November 5 — city medians hide the real story. In today's featured market, Mississauga, the median asking price swings by $650,500 from one neighbourhood to the next: $499,500 in City Centre, $1,150,000 in Northeast.
The headline numbers
- 79,464 homes for sale in Ontario this morning; the median asking price is $699,900.
- 36,205 homes for lease, median asking rent $2,100 a month.
- Detached homes are 45% of everything for sale — 35,810 listings — still the market's centre of gravity.
- Toronto: 12,509 homes for sale, median ask $788,888 — and 43% of that supply (5,374 listings) is condo apartments. Province-wide, condos are just 14% of what's for sale. Toronto's market and Ontario's market are built from different housing.
Where the inventory sits
The asking-price spread tells you who this market is stocked for. Of everything for sale in Ontario today, 28.8% asks under $500,000 (22,924 listings) and 42.5% sits between $500,000 and $1 million (33,768) — the first-time and move-up bands hold nearly three-quarters of all supply. The top is thinner than the headlines suggest: 19.1% asks $1–2 million, and just 9.5% (7,581 listings) asks $2 million or more. In plain terms, Ontario's active market is a mid-market: the competition, the choice, and most of the eventual deals live between $500,000 and $1 million.
Featured market: Mississauga, neighbourhood by neighbourhood
Mississauga's city-wide numbers — 2,967 homes for sale, median ask $849,999, plus 2,685 for lease — flatten a city that is really several markets stacked together. The split, across its eight biggest neighbourhood pools:
- City Centre — 325 listings, median $499,500. The city's deepest and most affordable pool: the downtown condo core, and the entry point to the whole Mississauga market.
- Northeast — 151 listings, median $1,150,000. The priciest of the city's eight biggest neighbourhoods — more than double the City Centre median.
- Hurontario — 169 listings, median $669,900.
- Lakeview — 162 listings, median $999,600.
- Central Erin Mills — 155 listings, median $699,999.
- Cooksville — 152 listings, median $680,000.
- Port Credit — 150 listings, median $999,000.
- Erin Mills — 144 listings, median $999,900.
One city, a $650,500 spread between neighbourhood medians. A buyer working with a $500,000 budget is right at the median in City Centre — and barely shopping at all in Northeast, where that budget sits $650,500 below the neighbourhood median. This is why the Brief will keep drilling to the neighbourhood level: the city median is the average of markets that don't compete with each other. Explore the city on our Mississauga homes for sale page.
What it means
If you're buying: shop the neighbourhood, not the city. Median maps like Mississauga's tell you where your budget is strong (deep supply near the median) and where it's a stretch (thin supply well above it). Province-wide, the $500,000–$1,000,000 band holds the most choice — 33,768 listings — so patience there is rewarded with options.
If you're selling: your competition is your neighbourhood's active listings, not your city's. A City Centre seller is competing with 325 listings around a $499,500 median; a Northeast seller with 151 around $1.15 million. Price against the pool you're actually in — our pricing strategy guide covers how.
Numbers: HomesFound's live MLS® feed (PropTx), pulled November 4, 2026 at about 8:20 p.m. ET. Everything here describes active listings and asking prices only. Sold prices are VOW data — available to signed-in HomesFound members under the VOW terms, and never published in the Brief. Figures move as listings come and go.