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Neighbourhood in Mississauga

Homes for rent in Central Erin Mills

Name: HOMEH Market Pulse — Central Erin Mills, Mississauga closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

family-friendly community-oriented suburban

Central Erin Mills is a vibrant neighbourhood in Mississauga. It offers a mix of residential options and amenities for families and individuals.

Strong school ratings Diverse housing options Many parks and playgrounds Good access to groceries Family-friendly community

Central Erin Mills, Mississauga — HOMEH neighbourhood guide

Mississauga, Ontario

Day to dayLivability

8.1

Schools near listings

out of 10 · averaged over 3,719 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$739,900

17% below Mississauga 4% above Ontario

In Central Erin Mills

$739,900

In Mississauga

$888,000

In Ontario

$709,900

Median monthly rent

$2,995/mo

11% above Mississauga 20% above Ontario

In Central Erin Mills

$2,995

In Mississauga

$2,700

In Ontario

$2,500

$909

Per square foot

≈ 20.6 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

146

Median $739,900

Condos 103 · Houses 43

For rent

Median $2,995

Condos 36 · Houses 23

Recently sold

Recently leased

Market data as of 2026-10-25. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

High school ratings
Diverse housing types
Family-oriented parks
Good community amenities

Keep in mind

Housing prices are above city median
Higher rent costs compared to the province

The feel of the placeLifestyle

Daily life here is active and community-focused, with many amenities nearby. Residents enjoy a suburban feel with convenient access to services.

Great for families first-time buyers young professionals

Within the boundaryWhat's nearby

The boundary

9.6 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 9.6 km² of Central Erin Mills. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

8.5/10

Average rating of the 5 rated schools in this area

Elementary

Secondary

St Rose of Lima Separate School
Catholic · Grades JK–8 · Dufferin-Peel CDSB
9.9/109.5 over 5 yrs
23rd of 3,045 Ontario elementary schools
255 students · EQAO 2024-2025
John Fraser Secondary School
Public · Grades 9–12 · Peel DSB
8.8/10
29th of 742 Ontario secondary schools
1,715 students · EQAO 2024-2025
Our Lady of Mercy Elementary School
Catholic · Grades JK–8 · Dufferin-Peel CDSB
8.1/107.5 over 5 yrs
299th of 3,045 Ontario elementary schools
225 students · EQAO 2024-2025
Divine Mercy School
Catholic · Grades JK–8 · Dufferin-Peel CDSB
8.0/107.7 over 5 yrs
337th of 3,045 Ontario elementary schools
355 students · EQAO 2024-2025
St Aloysius Gonzaga Secondary School
Catholic · Grades 9–12 · Dufferin-Peel CDSB
7.7/107.6 over 5 yrs
119th of 742 Ontario secondary schools
1,625 students · EQAO 2024-2025
Caledon Campus
Catholic · Grades JK–12 · Dufferin-Peel CDSB
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Central Erin Mills, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

36,393

Population (2021)

9.2 km²

Area

3,960

People per km²

42.4

Median age

$121,729

Median income

73%

Own their home

3.1

People per household

12,105

Households

Every age

Children (under 15)15.0%
Working age (15–64)68.8%
Seniors (65+)16.1%

What is built here

Detached houses43.5%
Semi-detached3.5%
Townhouses26.4%
Duplexes1.7%
Low-rise apartments1%
High-rise apartments23.4%

Own or rent

73%Owners

27%Renters

Across 12,105 households

When it was built

Mostly 1991–2000

1960 or earlier1%
1961–19803%
1981–199022%
1991–200044%
2001–20058%
2006–20105%
2011–20154%
2016–202112%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

58.8%
Born outside Canada: 48.6%
Hold a degree or higher: 55.1%
Employment rate: 8.6%
Commute by transit: 85.1%
Commute by car: 1.8
Children per family: $104,342
Median income after tax: $145,321
Average household income: 11%
Living on a low income: $2,153/mo
Renters pay, per month: $1,723/mo
Owners pay, per month: $1,039,239
Median home value at census: 38.7%
Renters spending 30%+ of income on housing: 23.5%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 44 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in Central Erin Mills actually rent for

783 homes were leased in Central Erin Mills over the 12 months to September 2026. Half leased above $2,755 and half below, 1.4% lower than the 12 months before. A typical home found its tenant in 20 days.

Median rent: $2,755; -1.4% year over year
Days to lease: 20; 1 day slower
Leases closed: 783; last 12 months
Rent per square foot: $3.32/mo; from 764 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.

$3,550$3,067$2,583$2,100

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 8.8%

From 783 leases that closed here in the last 12 months.

Rent or buy in Central Erin Mills

24 years

of rent, at the going rate here, adds up to what a home here costs.

Median sold price

$794,478

320 sales

Median rent

$2,755/mo

783 leases

Gross rental yield

4.16%

before costs

Both figures come from deals that actually closed in Central Erin Mills over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

What actually rents in Central Erin Mills

A single median hides this: the mix of homes behind it, and what each kind costs.

783leases

Condo apartment$2,65669.7%
Condo town$3,16313.7%
Detached$3,4408.8%
Other kinds of home$2,3500.6%
Other kinds, too few of each —7.2%

How fast it moves

Median days on market, month by month. Taller means slower.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Central Erin Mills, rentals

Monthly closed leases in Central Erin Mills
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	43	$2,900	$2,400 – $3,050	13	100.0%
Aug 2026	80	$2,888	$2,369 – $3,013	11	100.0%
Jul 2026	78	$2,800	$2,250 – $3,000	13	100.0%
Jun 2026	69	$2,900	$2,450 – $3,200	13	100.0%
May 2026	56	$2,863	$2,338 – $3,200	24	100.0%
Apr 2026	70	$2,600	$2,250 – $3,088	24	100.0%
Mar 2026	66	$2,725	$2,225 – $3,038	23	100.0%
Feb 2026	57	$2,650	$2,200 – $2,985	21	100.0%
Jan 2026	61	$2,700	$2,350 – $2,800	31	100.0%
Dec 2025	53	$2,725	$2,200 – $2,895	31	100.0%
Nov 2025	80	$2,600	$2,238 – $2,800	19	100.0%
Oct 2025	70	$2,750	$2,200 – $2,900	26	100.0%
Sep 2025	69	$2,800	$2,300 – $3,000	13	100.0%
Aug 2025	90	$2,825	$2,300 – $3,038	15	100.0%
Jul 2025	120	$2,600	$2,245 – $2,950	17	100.0%
Jun 2025	79	$2,800	$2,325 – $2,950	21	100.0%
May 2025	78	$2,800	$2,363 – $3,075	19	100.0%
Apr 2025	49	$2,950	$2,400 – $3,300	20	100.0%
Mar 2025	59	$2,800	$2,400 – $3,000	28	100.0%
Feb 2025	27	$2,675	$2,400 – $3,250	27	100.0%
Jan 2025	38	$2,950	$2,463 – $3,200	24	100.0%
Dec 2024	26	$2,700	$2,400 – $3,188	25	100.0%
Nov 2024	43	$2,950	$2,400 – $3,200	28	100.0%
Oct 2024	34	$2,925	$2,421 – $3,238	17	100.0%
Sep 2024	55	$3,150	$2,575 – $3,400	15	100.0%
Aug 2024	91	$3,100	$2,650 – $3,375	26	100.0%
Jul 2024	81	$3,150	$2,650 – $3,400	28	100.0%
Jun 2024	43	$3,000	$2,600 – $3,150	35	100.0%
May 2024	43	$2,700	$2,400 – $3,100	34	100.0%
Apr 2024	41	$3,100	$2,850 – $3,450	34	100.0%
Mar 2024	26	$3,000	$2,581 – $3,300	29	100.0%
Feb 2024	22	$2,800	$2,585 – $3,000	33	100.0%
Jan 2024	38	$2,925	$2,563 – $3,100	22	100.0%
Dec 2023	35	$3,000	$2,700 – $3,250	16	100.0%
Nov 2023	31	$2,995	$2,675 – $3,300	16	100.0%
Oct 2023	40	$3,075	$2,645 – $3,338	12	100.0%

What people ask about Central Erin Mills

How much does a home cost in Central Erin Mills?

Homes in Central Erin Mills sold for a median of $794,478 over the 12 months to September 2026, across 320 closed sales — half sold for more and half for less. That is 9.5% lower than the 12 months before it.

How long does it take to sell a home in Central Erin Mills?

A home in Central Erin Mills took a median of 30 days on the market over the 12 months to September 2026. Homes there closed at 97.2% of the asking price on average, with 15.9% selling over asking.

How much is rent in Central Erin Mills?

The median lease in Central Erin Mills closed at $2,755 a month over the 12 months to September 2026, across 783 leases.

Is it cheaper to rent or buy in Central Erin Mills?

A home in Central Erin Mills costs about 24.0 years of the rent on one — the median price of $794,478 against a median rent of $2,755 a month, a gross yield of 4.16%. The shorter that number, the closer buying is to renting before financing costs.

What kind of homes sell in Central Erin Mills?

Over the 12 months to September 2026 the mix in Central Erin Mills was condo apartment (36.9% of sales, median $528,915), detached (35.3% of sales, median $1,332,582) and condo town (14.7% of sales, median $764,436).

Compiled by HOMEH from leases reported closed in Central Erin Mills on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Condos in Central Erin Mills

A condo here is 2.5× cheaper than detached houses

Half the condo apartments that changed hands in Central Erin Mills over the 12 months to September 2026 sold above $528,915. The neighbourhood's median across every kind of home was $794,478 — one number, two markets.

Condo apartment$528,915

Detached$1,332,582

Median closed prices over the 12 months to September 2026, from 320 sales in Central Erin Mills. Medians describe the group, never one home.

Median condo sold price: $529K; 118 closed sales
Median condo rent: $2,656/mo; 546 leases
Days to sell: 35; median, condo apartments
Share of all sales: 37%; of everything that closed here

Condo townhouses are a separate market again: 47 closed here at a median of $764,436.

68condo apartments for sale 31condo apartments for rent

At a glance