Best Mortgage Rates in Mississauga 2026
Compare the lowest rates from Mississauga lenders and find your perfect mortgage
Current Mississauga Mortgage Rates
Updated daily with the best rates from Mississauga-area lenders.
5-Year Fixed Rate
4.36%
Starting from
5-Year Variable Rate
3.70%
Starting from
Mississauga Housing Market Overview
Mississauga is a growing community in Ontario with a population of approximately 720,000. The local housing market offers a range of options from detached homes to condos, with average prices reflecting the city's desirability and growth.
Average Home Prices (2026)
Detached Homes
$1,100,000
Semi-Detached
$850,000
Townhouses
$750,000
Condos
$600,000
Mississauga-Specific Considerations
- Land Transfer Tax: Ontario provincial LTT only (no municipal). First-time buyer rebate up to $4,000.
- Market Trends: Mississauga continues to attract buyers due to its proximity to major employment centers.
- Lender Options: Buyers in Mississauga have access to major banks, local credit unions, and online lenders.
First-Time Home Buyers in Mississauga
Mississauga offers opportunities for first-time buyers with various programs and strategies:
Government Programs
Maximize your first-time buyer rebates. Mississauga buyers qualify for up to $4,000 in Ontario LTT rebates. Use the FHSA ($40,000 tax-free) and HBP ($60,000 from RRSP) to boost your down payment.
Local Credit Unions
Mississauga has several credit unions that offer competitive rates and first-time buyer programs with flexible qualification criteria.
Work with a Broker
A local mortgage broker can shop 20+ lenders to find the best rate for your Mississauga purchase.
Lenders in Mississauga
Major Banks
RBC, TD, Scotiabank, BMO, CIBC
Established lenders with branches in Mississauga
Credit Unions
Local credit unions
Competitive rates, community focus
Monoline Lenders
MCAP, First National, CMLS
Often lowest rates, broker-only access
Online Lenders
Tangerine, EQ Bank, Motusbank
Digital-first, competitive rates
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Tools for Mississauga Home Buyers
Free calculators to help you plan your Mississauga home purchase. Calculate affordability, payments, taxes, and total costs.
Affordability Calculator
How much home can you afford in Mississauga?
Payment Calculator
Monthly payments for Mississauga home prices
Land Transfer Tax
Ontario transfer taxes & rebates
Closing Costs
Total fees to buy in Mississauga
CMHC Calculator
Insurance for under 20% down
Rent vs Buy
Should you rent or buy in Mississauga?