Mississauga's average price fell 4.1% to $929,600 in September 2026. How today's variable (3.43%) and fixed (4.34%) mortgage rates change the math.
For the Mississauga real estate investment market, the gap between variable and fixed mortgage rates may matter as much as prices this fall.
What the September 2026 data shows for Mississauga real estate investment
Mississauga's average selling price was $929,600, down 4.1% from $969,501 a year earlier. Peel Region's average fell 5.5% to $906,719 (TRREB Market Watch, September 2025 and 2026). Sales slipped 6.4% to 468, while new listings fell 19.9% to 1,371.
Source: TRREB Market Watch, September 2025 and September 2026.
Mortgage rates and seasonal context
On October 24, the lowest advertised insured 5-year variable rate was 3.43% (prime minus 1.02%), compared with 4.34% for a 5-year fixed and 4.49% for a 3-year fixed. Prime was 4.45% (Ratehub.ca).
Source: Ratehub.ca, October 24, 2026. Insured rates; rental-property financing is often priced higher.
The Bank of Canada's policy rate is 2.25%, with a decision on October 28. With inflation at 3.1% in September (Statistics Canada), further cuts aren't assured.
The investor takeaway
A lower variable rate can ease carrying costs on a condo or townhouse, but payments may rise if rates do. Fixed rates offer certainty at a higher cost. With 4.8 months of inventory (TRREB), buyers have time to compare.
FAQ
Should I choose a variable or fixed mortgage in 2026?
Variable rates were about 0.9 points below 5-year fixed rates on October 24, 2026, but they can rise. Consider how much payment change you can absorb.
How much are homes in Mississauga in 2026?
The average selling price in Mississauga was $929,600 in September 2026, according to TRREB.
Sources
- TRREB Market Watch, September 2026
- TRREB Market Watch, September 2025
- Ratehub.ca, best mortgage rates (October 24, 2026)
- Bank of Canada, policy interest rate
- Statistics Canada CPI, September 2026 (via BNN Bloomberg)
Cover photo: Scott Webb on Unsplash
This article is for general information only and is not financial, legal or tax advice. Statistics are from the sources cited and are believed reliable but not guaranteed. Not intended to solicit buyers or sellers currently under contract with a brokerage.
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