Buying a Home in Mississauga

Quick answer: If you are buying a home in Mississauga, expect an average price of $927,521 (the median was $843,000), based on October 2026 sales. At $843,000 you need a minimum down payment of $59,300 and $13,335 for land transfer tax. Mississauga has no municipal land transfer tax.

Buying a home in Mississauga: where it is and who it suits

Mississauga is a city of more than 700,000 people on Lake Ontario, immediately west of Toronto in Peel Region. It has its own high-rise downtown at Square One, two historic villages in Port Credit and Streetsville, and Toronto Pearson Airport in its north-east corner. Mississauga does not charge a municipal land transfer tax.

The Mississauga market in October 2026

Mississauga recorded 508 sales against 1,332 new listings, a sales-to-new-listings ratio of 38.1%. As a rule of thumb, a ratio below about 40% favours buyers, 40% to 60% is balanced and above 60% favours sellers, so Mississauga was on the buyer-friendly side for the month. Homes sold for 97% of list price.

What it costs to buy in Mississauga

These are the two largest cash items. For the rest, see closing costs in Ontario; for the rules behind the numbers, minimum down payment and land transfer tax in Ontario.

Types of homes in Mississauga

High-rise condos are concentrated around Square One and along Hurontario Street. Erin Mills, Meadowvale, Lisgar and Churchill Meadows are planned subdivisions of detached, semi-detached and townhouse homes built from the 1970s to the 2000s. South of the QEW, Lakeview, Mineola, Lorne Park and Clarkson have older bungalows on large lots, many replaced by custom homes.

Transit and commuting

Lakeshore West GO trains stop at Port Credit and Clarkson. The Milton line serves Dixie, Cooksville, Erindale, Streetsville, Meadowvale and Lisgar, mainly at weekday peak times, and the Kitchener line stops at Malton. MiWay runs local buses and the Mississauga Transitway. The Hazel McCallion Line LRT is under construction along Hurontario Street from Port Credit GO to Brampton; Metrolinx now expects it to open to passengers in 2028. The QEW and Highways 403, 401, 407, 410 and 427 all cross the city.

Mississauga neighbourhoods at a glance

• Port Credit — condos, towns and custom homes
• Lorne Park and Mineola — detached on large lots
• Clarkson — detached, towns and condos
• City Centre (Square One) — condos
• Cooksville and the Hurontario corridor — condos and post-war detached
• Streetsville — heritage homes and subdivisions
• Erin Mills and Churchill Meadows — detached, semis and towns
• Meadowvale and Lisgar — detached, semis and towns
• Lakeview — bungalows, rebuilds and new waterfront

Each one is described in where to buy in Mississauga: a neighbourhood guide.

What buyers in Mississauga should know

• No municipal land transfer tax. Mississauga buyers pay only Ontario's land transfer tax. The same purchase a few kilometres east in Etobicoke costs thousands more on closing.
• Ask about wiring in 1960s and 1970s homes. Some houses of that era were built with aluminum branch wiring. It is manageable, but insurers and inspectors will want to know how it has been dealt with.
• Check the commute you will actually make. Lakeshore West trains run all day in both directions; the Milton line runs mainly at weekday rush hours, with GO buses at other times.

First purchase? Start with the Ontario first-time home buyer guide. Selling as well? See selling a home in Mississauga.