Balanced Market
Mortgage Rates in Mississauga, ON
Mississauga is the GTA's second-largest city with strong transit links to Toronto and a growing condo market around Square One.
Avg Home Price
$920,000
Benchmark Price
$880,000
Year-Over-Year
↓ 2.8%
Best 5-Yr Fixed
4.89%
Today's Best Rates Near Mississauga
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.1% |
| HELOC | 6.2% |
*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.
Mississauga Real Estate Market
Balanced Market: Supply and demand are roughly equal — a stable environment for buyers and sellers.
Mississauga is the GTA's second-largest city with strong transit links to Toronto and a growing condo market around Square One.
Land Transfer Tax — Mississauga
Mississauga buyers pay Ontario provincial LTT only (no municipal LTT). First-time buyers receive rebates up to $4,000.
Neighbourhoods in Mississauga
City CentrePort CreditStreetsvilleMeadowvaleErin Mills
Frequently Asked Questions
What is the average home price in Mississauga?
The average home price in Mississauga is approximately $920,000, with condos averaging around $600K and detached homes around $1.2M.
Is Mississauga more affordable than Toronto?
Yes — Mississauga is generally 15-20% less expensive than comparable Toronto properties, making it popular with buyers priced out of the city.
What are the best areas to buy in Mississauga?
Port Credit offers walkability and waterfront access. Erin Mills and Meadowvale are popular for families. City Centre has the most condo development.
Does Mississauga have good transit for commuters?
Mississauga has MiWay bus service and GO Transit connections to Toronto. The Hurontario LRT is under construction and will improve transit significantly.
Is Mississauga real estate a good investment?
Mississauga's proximity to Toronto, strong employment base, and ongoing transit improvements support long-term real estate value.
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