RE/MAX Imperial Realty Inc., Brokerage
Mississauga
A lakefront, two old villages and a downtown of its own — Mississauga is Ontario's third-largest city, and long past being just a Toronto suburb.
Mississauga sits on the north shore of Lake Ontario, right against Toronto's western edge. It is the largest city in Peel Region, with 717,961 residents in the 2021 census. The city was formed in 1974 by bringing together older towns and villages such as Port Credit and Streetsville: their main streets and harbours survived, while most of the city around them was built piece by piece over the following decades. The Credit River runs the length of the city and meets the lake at Port Credit. Today, Canada's busiest airport stands in its northeast corner and Ontario's largest shopping centre anchors its downtown — everyday life here is a mix of lakefront, neighbourhoods and commuting.
Overview
You can read Mississauga's layout as "lake in the south, airport in the north, a river down the middle." The Lake Ontario shoreline runs along the south, where Port Credit's lighthouse, marinas and waterfront trails still carry the feel of the old harbour town, and waterfront parks follow one after another. The Credit River crosses the city from north to south, and its valley is the city's most continuous stretch of green. The northeast corner is Pearson Airport and the employment lands around it; passing flights are part of the everyday soundscape in Malton.
Most residential areas were planned and built from the 1970s and 1980s on. Communities like Erin Mills and Meadowvale came with their own shopping, schools and community centres, on wide streets with plenty of green. The downtown started later, growing up around Square One and City Hall; today its condo towers make it the most urban corner of the city. Population was essentially flat between the 2016 and 2021 censuses (see Chart C2) — unusual among the nine cities — this is a city that has filled out and is now filling in.
Neighbourhoods
Port Credit
The old lakeside village where the Credit River meets the lake — lighthouse, marinas and waterfront trails all within walking distance, restaurants and shops along Lakeshore Road, and its own GO station
Detached, townhomes, condos
Streetsville
Known as "The Village in the City," with the city's most concentrated historic main street, more than 300 shops and restaurants along Queen Street South, and its own GO station
Detached, semis, townhomes
Erin Mills
An established planned community in the west, with neighbourhoods, schools and shopping built in together; Credit Valley Hospital is here, and the 403 and QEW are both close
Detached, semis, townhomes, condo townhomes
Meadowvale
A community built to a master plan in the 1970s, centred on Lake Aquitaine and its community centre, served by two GO stations, Meadowvale and Lisgar
Detached, townhomes, condos
Malton
An older community right beside Pearson Airport, on the Kitchener GO line at Malton station, with the airport and its employment lands next door and short commutes to them
Detached, semis, townhomes
City Centre
Mississauga's downtown: Square One, City Hall and Celebration Square are all here, condo towers make up most of the housing, and a light rail line is being built through it
Condos, townhomes
Schools & transit
Schools.Four boards run Mississauga's publicly funded schools. The main two are the Peel District School Board (PDSB) and the Dufferin-Peel Catholic District School Board (DPCDSB), both headquartered in Mississauga; the French-language boards are the Conseil scolaire Viamonde (public) and the Conseil scolaire catholique MonAvenir (Catholic). Public high schools include Port Credit, Streetsville, John Fraser and Meadowvale; Catholic high schools include Father Michael Goetz, Iona and Loyola; the French Catholic École secondaire catholique Sainte-Famille is also in the city. For post-secondary, the University of Toronto Mississauga campus sits on the west side, along the Credit River valley, and Sheridan College's Hazel McCallion Campus is downtown, across from Square One. School catchments are set by the boards and change from time to time, so check a specific address with the board before you buy.
Getting around.Most commuters use GO Transit: nine stations in the city, spread over three lines. On the Lakeshore West line, Port Credit and Clarkson have all-day trains, and Port Credit is about half an hour from Union Station in Toronto. The Milton line crosses the middle and northwest of the city — Dixie, Cooksville, Erindale, Streetsville, Meadowvale and Lisgar — with trains mainly at weekday peak times. Malton station, in the northeast, is on the Kitchener line. Local buses are run by the city-owned MiWay, feeding the GO stations and the City Centre Transit Terminal beside Square One, with the Transitway rapid-bus corridor running east–west. The Hazel McCallion light rail line, now under construction along Hurontario Street, will link Port Credit, the downtown and Brampton to the north once it opens. Drivers have the 401, 403, 407 and QEW to choose from. Check the GO Transit schedule for exact train times.
Market data
September 2026 · updated monthly with the market report
The composite benchmark price is the MLS® Home Price Index (HPI) value of a "typical" home — it is less affected than the average price by whether the homes that happened to sell in a given month were expensive or inexpensive.
The five main types total 464 of the city's 468 sales; the other 4 were other home types.
The month in one line: A balanced market, leaning slightly toward buyers. New listings fell faster than sales, prices eased back from last year, and buyers still have plenty to choose from.
For the full monthly picture — sales-to-new-listings ratio, benchmark prices and the breakdown by home type — see the Mississauga section of the market report. See the market report