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Mississauga Housing Market

Because Mississauga is so close to Toronto, it was affected similarly by the rise and fall of housing prices in 2017. As a result, housing prices are down from last year by as much as 19%, but are still up slightly from the end of 2016. Housing prices are expected to remain steady or fall slightly by the end of 2018.

Last Updated: 16 Aug, 2019
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Lender Rate Term Amortization Monthly Payment
Exclusive

Exclusive Lender

2.49% 5 Year, Fixed Insurable 25 years
MCAP

MCAP

Best overall savings
2.59% 5 Year, Fixed Insured 25 years
Xceed Mortgages

Xceed Mortgages

2.59% 5 Year, Fixed Insured 25 years
RMG Mortgage

RMG Mortgage

2.59% 5 Year, Fixed Insured 25 years
Marathon Mortgage

Marathon Mortgage

Best overall savings
2.64% 5 Year, Fixed Insured 25 years
B2B Bank

B2B Bank

2.64% 5 Year, Fixed Insured 25 years
Exclusive

Exclusive Lender

Best overall savings
2.64% 5 Year, Fixed Insured 25 years
Right Mortgage

Right Mortgage

2.64% 5 Year, Fixed Insured 25 years
Lendwise

Lendwise

2.64% 5 Year, Fixed Insured 25 years
Exclusive

Exclusive Lender

2.69% 5 Year, Fixed Insured 25 years
Merix Financial

Merix Financial

Best overall savings
2.69% 5 Year, Fixed Insured 25 years
First National

First National

Best overall savings
2.69% 5 Year, Fixed Insured 25 years
ICICI Bank

ICICI Bank

2.69% 5 Year, Fixed Insured 25 years
ScotiaBank

ScotiaBank

Best overall savings
2.69% 5 Year, Fixed Insured 25 years
Street Capital

Street Capital

2.69% 5 Year, Fixed Insured 25 years
Exclusive

Exclusive Lender

2.69% 5 Year, Fixed Insured 25 years
CMLS

CMLS

Best overall savings
2.74% 5 Year, Fixed Insured 25 years
Home Trust

Home Trust

2.74% 5 Year, Fixed Insured 25 years
Industrial Alliance

Industrial Alliance

Best overall savings
2.74% 5 Year, Fixed Insured 25 years
Exclusive

Exclusive Lender

2.75% 5 Year, Variable Insured 25 years
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About Mississauga

Mississauga is a city in Ontario on the shores of Lake Ontario in the Regional Municipality of Peel, bordering Toronto. With a population of 721,599 as of the 2016 census, Mississauga is the sixth-most populous municipality in Canada, third-most in Ontario, and second-most in the Greater Toronto Area. One of Canada’s most diverse cities, Mississauga is a great place for both new Canadians and Canadians looking to work in Toronto without the noise of the big city.

The growth of Mississauga is because of how close it is to Toronto. Home to Toronto Pearson International Airport, Canada's busiest airport, national and international travel is a breeze. The headquarters of many Canadian and multinational corporations are also based near the airport or the downtown core, and Mississauga boasts many job opportunities and is not just a place to live while working in Toronto.

Posted at: 2019-07-18

The single most important mortgage rate in Canada has finally dropped, years after the last decrease. The mortgage stress test rate, formerly at 5.34% is dropping to 5.19% on July 22, 2019. The last ...

Posted at: 2019-07-18

  Canada is unique among many other countries as we have one of the highest rates of homeownership in the world, with nearly 70% of Canadians owning their home. The remaining 30% are renting either ...

Posted at: 2019-07-16

What does a rate increase mean for your mortgage? That depends on the type of mortgage you have. If you have a fixed rate mortgage, then nothing changes. You will keep paying the same monthly amoun...

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