Mississauga is Ontario’s second-largest city with a population of approximately 718,000 and a mature, diverse real estate market anchored by proximity to Pearson Airport, major employment corridors, and a well-developed transit network. July 2026 data from the Toronto Regional Real Estate Board (TRREB) shows a sharp pullback in average price both year-over-year and month-over-month.
Key Highlights — July 2026 (TRREB):
- Average home price: $899,002 (-9.7% YoY, -11.35% MoM)
- MLS® HPI Benchmark price: $880,200 (-5.04% year-over-year)
- Total sales: 500
- Detached: $1,256,800 (-15.19% YoY, -15.2% MoM)
- Semi-detached: $891,613 (-5.66% YoY)
- Freehold Townhouse: $911,812 (-4.65% YoY, +3.26% MoM)
- Condo townhouse: $712,285 (-1.96% YoY)
- Condo apartment: $511,649 (-6.41% YoY)
- Market: balanced to buyer’s market conditions
Mississauga Home Prices by Type — July 2026
| Home Type | Home Price | Y/Y Change | M/M Change |
|---|---|---|---|
| All Residential | $899,002 | -9.7% | -11.35% |
| Detached | $1,256,800 | -15.19% | -15.2% |
| Semi-Detached | $891,613 | -5.66% | -1.85% |
| Freehold Townhouse | $911,812 | -4.65% | +3.26% |
| Condo Townhouse | $712,285 | -1.96% | -1.99% |
| Condo Apartment | $511,649 | -6.41% | -2.6% |
Market Metrics — July 2026
| Metric | Value | Year-over-Year Change |
|---|---|---|
| Total Sales | 500 | N/A |
| New Listings | 1,388 | N/A |
| Average Days on Market | 47 | N/A |
| Sales-to-New-Listings Ratio | 35.4% | N/A |
| Months of Supply | 4.9 | N/A |
| Sale-to-List Price Ratio | 97% | N/A |
Income Required to Buy in Mississauga
The table below shows the gross annual household income required to qualify for a mortgage in Mississauga, using OSFI stress test guidelines.
Assumptions: 20% down payment, 3.99% contract rate (5.99% qualifying rate), 25-year amortization, GDS ratio of 32%, property tax $354/month, heating $150/month.
| Home Type | Home Price | Mortgage | Income Required |
|---|---|---|---|
| All Residential | $899,002 | $719,202 | $192,098 |
| Detached | $1,256,800 | $1,005,440 | $261,030 |
| Semi-Detached | $891,613 | $713,290 | $190,674 |
| Freehold Townhouse | $911,812 | $729,450 | $194,566 |
| Condo Townhouse | $712,285 | $569,828 | $156,126 |
| Condo Apartment | $511,649 | $409,319 | $117,472 |
Key Trends — Mississauga March 2026
Detached Segment Leads the Correction: Detached homes fell 15.19% year-over-year and a further 15.2% month-over-month to $1,256,800, the steepest decline of any Mississauga property type and a notable acceleration versus the benchmark’s more modest -5.17% YoY move.
Condo Market Relatively Resilient: The condo townhouse segment is down just 1.96% YoY, the smallest decline among Mississauga’s property types. Condo apartment prices at $511,649 represent a notable entry point compared to the detached market.
Affordability Relative to Toronto: Mississauga’s average prices remain below comparable Toronto properties, making it an attractive option for buyers priced out of the city who still want access to Pearson Airport, Highway 401/403/407, and GO Transit commuter rail.
Detached Market: The detached segment at $1,436,437 is softening as rate-sensitive buyers are stretched. Opportunities exist in older stock in central Mississauga neighbourhoods, while newer developments in areas like Erin Mills and Streetsville continue to command premiums.
Notable Neighbourhoods in Mississauga
Port Credit: Mississauga’s most desirable waterfront village. Walkable, transit-accessible, boutique retail, and easy GO Train access to Toronto’s Union Station. Semi-detached and smaller detached homes start around $1.0–1.2M.
Erin Mills: Family-oriented suburban neighbourhood in west Mississauga. Strong school access, Credit Valley Hospital nearby. New builds and detached homes $1.1–1.6M.
Streetsville: The “Village in the City” with a historic main street and tight community feel. Detached homes $900k–$1.3M, strong resale demand.
Square One Area / City Centre: High-rise condo density around Square One Mall. Maximum transit connectivity via the future Hurontario LRT. Condos from $450k–$700k.
Lakeview: Rapidly intensifying neighbourhood on the waterfront east of Port Credit. Major redevelopment underway (Lakeview Village); strong appreciation potential for existing townhomes and semis.
Clarkson / Lorne Park: Established waterfront-adjacent areas with large lots. One of Mississauga’s premium neighbourhoods; detached $1.5M–$2.5M+.
Malton: Most affordable neighbourhood in Mississauga. Close to Pearson Airport. Detached homes from $800k–$950k. Growing transit investment through Finch West LRT extension.
Ontario Land Transfer Tax — Mississauga
Mississauga levies only the provincial Ontario Land Transfer Tax. Unlike Toronto, there is no municipal land transfer tax in Mississauga, which saves buyers tens of thousands of dollars compared to buying within Toronto’s city limits.
Ontario LTT on a $899,002 home:
| Portion | Rate | Tax |
|---|---|---|
| First $55,000 | 0.5% | $275 |
| $55,001–$250,000 | 1.0% | $1,950 |
| $250,001–$400,000 | 1.5% | $2,250 |
| $400,001–$899,002 | 2.0% | $9,980 |
| Total | ≈ $14,455 |
First-time buyers may qualify for the Ontario LTT refund of up to $4,000.
Related Calculators & Tools
- Mortgage Affordability Calculator
- Land Transfer Tax Calculator
- CMHC Mortgage Insurance Calculator
- Toronto Housing Market
- Brampton Housing Market
- Ontario Housing Market — provincial overview
- Canada Housing Market — national overview
Mississauga vs surrounding cities — price comparison (2026)
| City | Avg detached | Avg condo | Property tax rate (approx.) |
|---|---|---|---|
| Mississauga | $1.2M–$1.6M | $560,000–$750,000 | ~0.72% |
| Toronto | $1.4M–$2.2M | $650,000–$950,000 | ~0.67% |
| Brampton | $950,000–$1.3M | $490,000–$620,000 | ~1.06% |
| Oakville | $1.5M–$2.5M | $750,000–$950,000 | ~0.72% |
| Hamilton | $700,000–$1.1M | $400,000–$600,000 | ~1.27% |
Mississauga neighbourhood guide
Port Credit: Waterfront location on Lake Ontario; $900K–$2M+ condos and townhomes; highly sought by downsizers Streetsville: Established village feel; detached homes $1.1M–$1.5M; strong school zone Erin Mills: Family suburb; good access to Hwy 403/401; detached $1.2M–$1.6M Square One area: Dense condo development near Hurontario LRT; $560K–$850K for condos; appeals to first-time buyers Lakeview: Redevelopment zone near the waterfront; pre-construction activity; up-and-coming
Frequently asked questions
Is Mississauga a good place to buy a home in 2026? Mississauga offers more affordable options than Toronto proper while maintaining excellent transit (Hazel McCallion LRT opening, GO service) and employment access. The long-term outlook is strong given Pearson Airport proximity and continued commercial development. The condo market is softer than in 2021–2022 peak years, creating negotiating opportunities for buyers.
What are closing costs when buying in Mississauga? Unlike Toronto, Mississauga does not have a Municipal Land Transfer Tax — only the Ontario Provincial LTT applies. On a $700,000 purchase: Ontario LTT = ~$10,475. Add legal fees ($1,500–$3,000), title insurance (~$300), and inspection ($400–$600). First-time buyers get a provincial LTT rebate up to $4,000.
Data Sources
- Toronto Regional Real Estate Board (TRREB) — March 2026 Market Watch
- Data period: March 1–31, 2026