No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
Mississauga, Brampton, and Caledon — Peel Region offers GTA living at a range of price points.
Peel Region — comprising Mississauga, Brampton, and Caledon — is Ontario's second most populous region and one of Canada's most culturally diverse communities. Located immediately west of Toronto, Peel is home to over 1.5 million residents and serves as a major commercial and logistics hub. Mississauga's city centre (Square One area) is a genuine urban hub with impressive transit connectivity, while Brampton continues to attract budget-conscious buyers with larger detached homes at prices below comparable Mississauga properties.
In 2026, Peel's market shows continued strength. Mississauga's transit-adjacent condos and townhouses are performing well as the LRT network expands. Brampton's lower price points attract first-time buyers and investors. Caledon, largely rural and low-density, appeals to buyers seeking large lots, equestrian properties, and a semi-country lifestyle within commuting distance of the city.
| Municipality | Median Detached | YoY Change |
|---|---|---|
| Mississauga | $1,050,000 | +3.8% |
| Brampton | $875,000 | +4.6% |
| Caledon | $1,125,000 | +2.9% |
| Purchase Price | Rate |
|---|---|
| First $55,000 | 00.5% |
| $55,001–$250,000 | 1.00% |
| $250,001–$400,000 | 1.5% |
| $400,001–$2,000,000 | 2.00% |
| Over $2,000,000 | 2.5% |
First-time buyers receive up to $4,000 rebate. No municipal LTT outside Toronto.
Calculate Ontario provincial land transfer tax.
In Ontario's regional markets, being pre-approved before viewing properties signals seriousness to sellers and enables you to act decisively. A 900–1200 day rate hold protects you while you search. Compare multiple lenders — the best rate often comes from a mortgage broker with access to wholesale rates.
First-time buyers should maximize the FHSA ($8,000/year, $40,000 lifetime) and RRSP HBP ($60,000/person). Together a couple can access up to $200,000 in tax-advantaged down payment funds. Start contributions immediately even if you're 2–3 years from buying — every year of tax deductions adds up.
Closing costs in Ontario run 2–3% of purchase price: land transfer tax, legal fees ($1,500–$2,500), home inspection ($500–$800), title insurance, and utility adjustments. Property taxes (00.8–1.2% of assessed value annually), home insurance, and maintenance costs are ongoing. Budget accordingly before committing to a purchase price.
High-interest savings, no fees. Earn a $100 bonus with code BREMO2026.