Mississauga is two housing markets inside one city. Along Hurontario Street and around Square One it is a condo city, and one in four homes sold in August 2026 was an apartment. Away from that corridor it is detached streets, lakefront villages and 1980s subdivisions where prices match the GTA average. Which one you are shopping in changes almost everything about the search.
Mississauga home prices in August 2026
The average sale price was $898,510 and the median was $842,000, on 435 sales. That overall average sits only about $12,000 above Brampton’s, but the mix behind it is very different.
| Home type | Mississauga average | GTA average | Sales |
|---|---|---|---|
| Detached | $1,275,221 | $1,288,669 | 164 |
| Semi-detached | $879,494 | $931,665 | 66 |
| Freehold townhouse | $874,772 | $882,060 | 11 |
| Condo townhouse | $706,892 | $681,447 | 85 |
| Condo apartment | $495,052 | $617,593 | 109 |
A detached house costs about $255,000 more here than in Brampton. Freehold townhouses are scarce, with only 11 sold in the month, so most townhouse buyers end up in a condo townhouse complex, and those sell above the GTA average. Condo apartments are the bargain: about $122,000 below the regional figure.
The condo corridor
Most of Mississauga’s towers stand in a band along Hurontario Street from the QEW north to Eglinton Avenue, with the densest cluster around Square One. An average of $495,052 buys a one-bedroom plus den or an older two-bedroom. With 109 apartment sales in a month there is real choice, and buyers can afford to be particular.
Compare buildings, not only units. Look at the monthly fee per square foot, what it covers, the age of the building and the reserve fund balance in the status certificate. Towers from the late 1980s and 1990s give you more floor area for the money but carry higher fees, and their utilities are often included. Newer towers have smaller suites, lower fees at first, and separately metered hydro.
Mississauga neighbourhoods
City Centre
Square One, Celebration Square, the Living Arts Centre and Sheridan College’s Hazel McCallion campus, all within a few blocks. Almost entirely condo apartments. The main GO bus terminal is here, with express buses along Highway 403.
Port Credit
A lakefront village at the mouth of the Credit River, with a marina, a walkable main street on Lakeshore Road and a GO station on the Lakeshore West line. Housing runs from older low-rise condos to new mid-rise buildings at Brightwater and detached homes on the side streets. Prices are among the highest in the city for every type.
Lorne Park and Mineola
South of the QEW on either side of the Credit River. Wide lots, mature trees and a steady pace of older houses being replaced by custom builds. Detached homes here sell well above the city average, often for the land.
Clarkson
The southwest corner, with a GO station that has express trains to Union, Rattray Marsh on the lake and a mix of 1960s detached homes, townhouse complexes and a few towers. Usually less expensive than Lorne Park next door.
Erin Mills and Central Erin Mills
A large planned community from the 1970s through the 1990s around Erin Mills Town Centre and Credit Valley Hospital. Detached homes, semis and condo townhouses on curving streets with trails behind them. Close to Highway 403 and the University of Toronto Mississauga campus.
Streetsville
The old village on the Credit River, with a historic main street on Queen Street South and a station on the Milton GO line. Century homes near the core and 1970s and 1980s subdivisions around it.
Meadowvale and Lisgar
The northwest, built around Lake Aquitaine and Lake Wabukayne with a path system linking the neighbourhoods. Condo townhouses and detached homes at prices below the city average, two Milton line GO stations and a large business park that employs many residents.
Churchill Meadows
The newest large community, built in the 2000s along the western edge near Highways 403 and 407. Semis, freehold townhouses and detached homes on narrower lots, with newer schools and a community centre.
Cooksville and Lakeview
Two older areas being rebuilt. Cooksville, at Hurontario and Dundas, has a GO station and new towers going up around it. Lakeview, in the southeast, is getting a new waterfront district on the former generating station lands.
Transit and commuting
Three GO lines cross the city. The Lakeshore West line stops at Port Credit and Clarkson and runs all day, with trips to Union Station of about 20 to 30 minutes. The Milton line serves Dixie, Cooksville, Erindale, Streetsville, Meadowvale and Lisgar, but only on weekdays at rush hour and only toward Toronto in the morning, so check the schedule before you count on it. Malton has a station on the Kitchener line.
MiWay buses use the Mississauga Transitway beside Highway 403 to reach the Kipling subway station. The Hazel McCallion Line, an 18-kilometre light rail line along Hurontario Street from Port Credit to Brampton, is still under construction and is now expected to open in 2028. Buying near a future stop is a bet on that date holding.
Property tax and closing costs
Mississauga’s 2026 residential tax rate is 1.087901 per cent of assessed value, lower than Brampton’s. The assessed value is MPAC’s figure based on 2016, not your purchase price, so ask for the actual tax bill on any home you are considering.
There is no municipal land transfer tax. On the average $898,510 home the Ontario tax is $14,445, or $10,445 for a first-time buyer after the provincial refund. Crossing into Etobicoke at the same price would add a second, Toronto tax of $14,445. Use the land transfer tax calculator and the mortgage payment calculator for your own numbers.
Adding a rental unit
Mississauga allows up to two additional units on a detached, semi-detached or townhouse lot, with no extra parking required and the building permit fee refunded. Most owners start with the basement: our step-by-step guide to registering a second unit in Mississauga covers the rules, costs and a readiness checker. For a separate backyard home, see our guide to Mississauga garden suites and the City’s free pre-approved plans. Putting in a pool or a new backyard fence? Our Mississauga fence by-law guide covers heights, privacy screens and pool enclosure fees.
Questions buyers ask about Mississauga
Is a condo in Mississauga cheaper than in Toronto?
Yes. The August average was $495,052 in Mississauga and $651,648 in the City of Toronto, and you also avoid Toronto’s land transfer tax. The trade-off is a longer trip downtown unless you live near a Lakeshore West station.
Should I buy in Mississauga or Brampton?
If you want a detached house for the lowest price, Brampton. If you want a condo, a shorter commute to Toronto or the lakefront, Mississauga. Our Mississauga vs Brampton guide goes through it, and the Brampton page has the matching numbers.
Where are the more affordable houses?
Meadowvale, Malton and parts of Cooksville and Applewood usually have the lowest prices for detached and semi-detached homes. Condo townhouses across Erin Mills and Meadowvale are the usual step between an apartment and a freehold house. See house or condo for how the costs compare.
Sources
- Toronto Regional Real Estate Board, Market Watch, August 2026 (Mississauga, Brampton and GTA figures).
- City of Mississauga, 2026 residential tax rates.
- Metrolinx, GO Transit schedules and Hazel McCallion Line project updates.
Prices are averages for information only and are not an appraisal. HomeLife Landmark Realty Inc., Brokerage.