Mississauga Real Estate Statistics (2026)

Mississauga is one of the largest cities in Canada and part of the Greater Toronto Area (GTA). It is located to the west of Toronto and has developed into a major economic centre. It has a growing population, a strong employment market, and a competitive housing sector. 

Like in much of the GTA, house prices in Mississauga have experienced substantial growth over the past ten years. While the situation has softened somewhat since the peak of the pandemic housing boom in the early 2020s, the city remains one of the most expensive real estate markets in Canada. 

Mississauga Real Estate Statistics for Canadians

• Mississauga’s population was just under 718,000 in the 2021 Census.
• The population grew by around 5.2% between the 2016 and 2021 Censuses.
• In May 2026, the average home price in Mississauga was approximately $1.03 million.
• Home prices were around 2–3% lower than a year earlier.
• A detached home cost on average around $1.47 million in May 2026, while condominiums averaged around $680,000.
• Within the GTA region, Mississauga accounts for 8–10% of residential sales.
• Mississauga is one of the most expensive housing markets in Ontario.
• Over half of Mississauga’s homeowners live in detached homes.
• The homeownership rate in Mississauga is above the national average.
• Benchmark prices in Mississauga remain around 40% higher than in 2019. 

Mississauga Housing Market Overview

Mississauga is the seventh-largest city in Canada. It is the third-largest municipality in Ontario with a population of approximately 717,960 according to the 2021 Census. The city’s population grew by around 5.2% between the 2016 and 2021 Censuses. More recent estimates place Mississauga’s population at around 800,000, which reflects continued growth since the last census. Mississauga is part of the Peel Region, and it is one of the fastest-growing areas within the GTA. 

Mississauga’s economy is supported by manufacturing, finance, transportation, technology, and professional service sectors. It is also home to one of the largest employment hubs outside downtown Toronto, with many major corporate headquarters and industrial and logistics facilities located within the city. Strong population growth and immigration have helped sustain demand for homes in the area for decades, and Mississauga has consistently ranked among the most expensive real estate markets in Canada. 

Mississauga House Prices

Mississauga has one of the most expensive real estate markets, not just in Ontario but in the entire country. The average price for a residential property was around $1.03 million in May 2026. While prices in the area have declined slightly since the record highs of the pandemic housing boom, they have remained well above both pre-pandemic and long-term historical levels: about a decade ago, the average home in Mississauga cost approximately $550,000–$600,000. This highlights the substantial appreciation over the last ten years.

In May 2026, the average prices by property type were approximately:

• Detached homes: $1.47 million
• Semi-detached homes: $1.07 million
• Townhouses: $860,000
• Condominiums: $680,000

Detached homes are the most expensive housing option in Mississauga, followed by semi-detached homes. In May 2026, the average price for a detached home was more than twice as much as the average price for a condominium.

Over the past decade, the price growth in Mississauga has been driven by population growth, immigration, and continued demand for homes. Despite recent price moderation following the peak pandemic prices, long-term price growth in the area has remained among the strongest within Ontario’s major housing markets. 

Mississauga Real Estate Sales

Mississauga has one of the busiest housing markets within the GTA. Each year, thousands of residential properties are sold, accounting for around 8-20% of the area’s sales activity, depending on the year. Mississauga’s large population and diverse housing stock support a consistent real estate market. 

Sales activity in Mississauga has slowed down a little following interest rate increases between 2022 and 2024. However, transactions stabilised in 2025 as buyers adjusted to changing interest rates and market conditions. Detached homes account for the largest share of transaction value, while condominiums also represent a significant portion of the total. 

Like much of the GTA, recently Mississauga has experienced lower sales volumes than during the pandemic years. However, sales have remained above many long-term historical averages. Mississauga’s proximity to Toronto, good transportation links, and diverse housing availability continue to attract buyers from across the region. Demand has also remained relatively resilient thanks to continued population growth and sustained interest from both move-up and first-time buyers. Ongoing immigration and a strong employment base are also expected to support demand for housing over the long term. 

Housing Supply in Mississauga

Mississauga’s housing supply has increased significantly since the market peak of 2022. The number of available homes for sale increased throughout 2024 and 2025, giving buyers more options than during the extremely competitive pandemic period. 

The increase was explained by longer selling times and reduced competition between buyers. In many areas, bidding wars became less common than they were throughout 2021 and in early 2022. Condominiums experienced some of the largest increases in available property listings, as investors added more units to the market. 

Despite the rise in available homes, supply remains limited in relation to long-term population growth in the area. Mississauga continues to face constraints because of limited land availability and housing development opportunities. These limitations support long-term property values and help maintain strong pricing levels across the city. 

Mississauga Condo Market Statistics

Condominiums form one of the largest housing sectors in Mississauga. Over the past two decades, the city has experienced extensive high-rise residential development, especially in the City Centre, Hurontario, and Square One areas. 

In May 2026, the average condominium price was around $680,000. Condominiums in Mississauga remain considerably more affordable than townhouses and particularly detached homes. This makes condominiums popular among first-time buyers, downsizers, and investors. Condominiums have also seen more moderate price growth than low-rise housing types in recent years, which is partly due to increased supply. 

However, demand for condominiums remains strong in Mississauga because they provide one of the relatively affordable entry points into owning a home within the area, especially for households that cannot afford ground-oriented homes. 

Homeownership in Mississauga

Mississauga’s homeownership rate is higher than in many other major Canadian cities. According to the 2021 Census, around 73% of Mississauga’s households lived in owner-occupied homes, compared with the Canadian average of 66.5%. The rate was higher than in Toronto (66%), Vancouver (47.8%), and Montreal (about 41%), while being similar to other suburban municipalities within major metropolitan regions. 

Detached homes are the most common housing type in the city and account for over half of owner-occupied dwellings. In Mississauga, homeownership rates increase with income and age, with high-income households considerably more likely to own homes, especially detached properties. Immigrants who have been in the area for longer have higher ownership rates than new arrivals. Despite the relatively high cost of homes, Mississauga’s suburban structure and mix of housing types continue to support comparatively high levels of homeownership. 

Mississauga Housing Affordability

One of Mississauga’s biggest challenges is housing affordability, with the average home price exceeding $1 million. This places homeownership beyond the reach of many lower- and middle-income households. Buyers often need household incomes well above the national average to qualify for mortgages, especially when intending to buy a detached home. 

Even though Mississauga is slightly less expensive than some other parts of the GTA, affordability is still a major concern across all property types. The high housing costs in the city have contributed to the growing demand for condominiums, rental homes, and suburban communities further west within the region. Many younger households are forced to delay homeownership and remain in rental accommodation for longer periods due to rising prices and borrowing costs. 

In comparison, average prices across major cities in Canada are approximately:

• Vancouver $1.21 million
• Toronto $839,000
• Ottawa $710,000
• Montreal $675,000
• Calgary $652,000
• Edmonton $447,000
• Winnipeg $436,000 

Despite price corrections since the pandemic peak, Mississauga remains one of the least affordable housing markets in Canada.

Mississauga Real Estate Forecast

According to most real estate predictions, Mississauga’s housing market is set to remain relatively stable for the rest of 2026 and beyond. Population growth, immigration, and limited land availability are expected to support long-term demand for homes in the area. However, an increase in the number of available properties for sale might help moderate price growth. 

Many real estate analysts suggest a modest improvement in sales activity in line with gradually improving borrowing conditions. The area’s strong economy, its desirable location, and proximity to Toronto are expected to remain key drivers over the long term.