Mississauga condo apartments averaged $500,192 in September 2026 as their benchmark fell 7.6%. What supply, rents and rates mean for investors.
In the Mississauga real estate investment market, condo apartments are the softest segment: in September 2026 they averaged $500,192, and their benchmark price fell 7.62% year over year, more than any other home type in the city.
What the data shows for the Mississauga real estate investment market
Mississauga condo apartments sold for an average of $500,192 in September 2026, compared with $1,285,467 for detached homes (TRREB Market Watch, September 2026). The condo apartment MLS® HPI benchmark was $488,300, down 7.62%, while the city's composite benchmark fell 3.80% to $867,500 (TRREB MLS® HPI, September 2026).
Source: TRREB MLS® HPI, September 2026.
Supply is the pressure point. In September, 122 condo apartments sold against 382 new listings, with 831 active listings (TRREB). Detached homes had 196 sales and 919 active listings.
Source: TRREB Market Watch, September 2026.
Rents add a note of caution: Canada's average condo asking rent was $2,052 in September, down 7.8% year over year (Rentals.ca and Urbanation, October 7, 2026).
Mortgage rates and seasonal context
As of October 27, the lowest advertised insured 5-year fixed rate was 4.34% and the 5-year variable 3.43%, with prime at 4.45% (Ratehub.ca). Rental-property financing is often priced higher. The Bank of Canada has held its policy rate at 2.25% since October 2025, with a decision scheduled for October 28. Fall usually brings a burst of activity before winter, but Mississauga's September sales were down 6.4% year over year (TRREB).
The investor takeaway
A lower entry price and a falling benchmark may give condo buyers more negotiating room than they have had in some time. But heavy listings, softer rents and condo fees can squeeze cash flow. Stress-test rent, vacancy and financing, and plan for a longer hold.
FAQ
How much is a condo in Mississauga in 2026?
Mississauga condo apartments sold for an average of $500,192 in September 2026, and the MLS® HPI condo apartment benchmark was $488,300, according to TRREB.
Are Mississauga condo prices dropping?
Yes. Mississauga's condo apartment benchmark price was down 7.62% year over year in September 2026, per TRREB. Past trends don't guarantee future prices.
Sources
- TRREB Market Watch, September 2026
- TRREB Market Watch, September 2025
- TRREB MLS® HPI Public Tables, September 2026
- Rentals.ca and Urbanation, National Rent Report (October 7, 2026)
- Ratehub.ca, best mortgage rates (October 27, 2026)
- Bank of Canada, policy interest rate
Cover photo: Mark Ashford 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.
Thinking about moving here?
I'll send you a personalized list of available homes and projects in this area — no pressure, no spam.