Mississauga, Ontario
How much house can you afford in Mississauga, Ontario (2026)
On a $100,000 income in Mississauga, the stretch price at 4.29% (qualifying rate 6.29%) is $428,000 with high-ratio 5%/minimum down and $515,000 with 20% down. At $150,000 those figures are $658,000 and $783,000. Mississauga is the Peel comparable on this batch: same Ontario LTT as the rest of the GTA outside Toronto, and the same provincial tax default the closing-costs tool already uses.
Rules verified: 2026-07-13 · Methodology
City assumptions
- Property tax: 0.9500% of price / year (≈ $4,750 on a $500k example). Ontario average 0.95% already used by the closing-costs tool. Peel municipal rates vary; labelled as that provincial default until a 2026 city residential rate is wired in. Source: closing-costs Ontario default 0.95%.
- Heating: $130/month. Ontario heating default already used by the affordability and closing-costs tools ($130/month).
- Contract rate: 4.29% planning assumption, 12 September 2026 (calculator default; not a quoted lender rate)
- GDS 39% / TDS 44%, 25-year amortization, $0 other debts, $0 condo fees
- Ontario provincial land transfer tax applies. Mississauga has no municipal land transfer tax. LTT is cash on closing.
Max price by income in Mississauga
| Income | 5% / min. down | Binds | 20% down | Binds |
|---|---|---|---|---|
| $80,000 | $338,000 | GDS | $407,000 | GDS |
| $100,000 | $428,000 | GDS | $515,000 | GDS |
| $120,000 | $517,000 | GDS | $622,000 | GDS |
| $150,000 | $658,000 | GDS | $783,000 | GDS |
Live affordability calculator
Prefilled with $100,000 income, Mississauga heating, Ontario, 4.29%. Set annual property tax to match this page’s rate × price if you want the city tax, not the provincial default.
Open the live calculator with these numbersClosing costs & land transfer tax
Ontario provincial land transfer tax applies. Mississauga has no municipal land transfer tax. LTT is cash on closing. Open the closing-costs tool with a $500,000 Ontario example.
Open the live calculator with these numbersFrequently asked questions
How much house can I afford in Mississauga on $100,000?
Under this page’s dated assumptions, about $428,000 at high-ratio 5%/minimum down with no other debts. Change tax, heat, condo fees, or debts in the live affordability calculator.
Does Mississauga charge municipal land transfer tax?
Ontario provincial land transfer tax applies. Mississauga has no municipal land transfer tax. LTT is cash on closing.
Is the property tax figure a mill rate from the city?
Ontario average 0.95% already used by the closing-costs tool. Peel municipal rates vary; labelled as that provincial default until a 2026 city residential rate is wired in.
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