Mississauga Home Buying Guide 2025

Land transfer tax, closing costs, and everything you need to buy in Mississauga

Mississauga Closing Cost Estimator

Buying a Home in Mississauga: What You Need to Know

Mississauga is one of the GTA's most sought-after cities for homebuyers priced out of Toronto. As Ontario's third-largest city, Mississauga offers a wide range of housing types — from downtown Square One condos to executive homes in Lorne Park and Port Credit. Buyers in Mississauga pay only the Ontario provincial land transfer tax (no municipal LTT), making closing costs significantly lower than in Toronto.

Average home prices in Mississauga sit around $850,000 in 2025, depending on property type and neighbourhood. Buyers in Mississauga benefit from paying only Ontario's provincial land transfer tax — there is no municipal LTT in Mississauga, making closing costs noticeably lower than in Toronto. First-time buyers can also claim the Ontario FTB LTT rebate of up to $4,000.

Ontario Land Transfer Tax Rates (Applies in Mississauga)

Purchase PriceRate
First $55,0000.5%
$55,001 – $250,0001.0%
$250,001 – $400,0001.5%
$400,001 – $2,000,0002.0%
Over $2,000,0002.5%

Full Closing Costs in Mississauga

Cost ItemTypical AmountNotes
Ontario LTTCalculated aboveNo municipal LTT in Mississauga
Legal fees$1,500–$2,500Includes disbursements
Title insurance$300–$500One-time
Home inspection$500–$700Strongly recommended
CMHC premium2.8%–4% of mortgageIf under 20% down
Moving costs$1,000–$3,000Local or long-distance

The Home Buying Process in Mississauga

Get pre-approved: Know your purchase power before viewing homes. Your lender will consider income, credit, and debt-to-income ratios. A mortgage broker can compare rates from multiple lenders.

Work with a local realtor: A buyer's agent familiar with Mississauga's neighbourhoods and market conditions can help you identify value, navigate offers, and negotiate effectively. Their commission is typically paid by the seller.

Budget for all closing costs: Beyond LTT, budget for legal fees, title insurance, home inspection, and adjustments (property taxes, utilities). Use the calculator above to estimate your total.

Home inspection: Always include a home inspection condition for freehold properties. In Mississauga's market, some buyers waive this in competitive situations — understand the significant financial risk involved.

Close with your lawyer: Your real estate lawyer will handle title registration, LTT payment, and key transfer. Bring certified funds for the balance of down payment and closing costs on closing day.

LTT savings vs. Toronto: Buying in Mississauga instead of Toronto saves you the Toronto Municipal LTT. On a $850,000 home, that's approximately 850000 worth of savings. Use our GTA Home Buying Costs Guide to compare across cities.

First-Time Buyer Programs Available in Mississauga

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