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Neighbourhood in Mississauga

Homes for rent in City Centre

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

urban family-friendly diverse

City Centre in Mississauga is a vibrant and diverse neighbourhood. It offers a mix of residential living, shopping, and dining options.

High walkability score of 93 Diverse population with 60.6% immigrants Many schools and parks available Close to restaurants and cafes Majority of homes are high-rise apartments

City Centre, Mississauga — HOMEH neighbourhood guide

Mississauga, Ontario

Day to dayLivability

Walkability

out of 100 · averaged over 9 past and present listings

Average walk score reported on listings here

6.3

Schools near listings

out of 10 · averaged over 13,151 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

$502,000

43% below Mississauga 29% below Ontario

In City Centre

$502,000

In Mississauga

$888,000

In Ontario

$709,900

Median monthly rent

$2,650/mo

2% below Mississauga 6% above Ontario

In City Centre

$2,650

In Mississauga

$2,700

In Ontario

$2,500

$632

Per square foot

≈ 15.8 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

296

Median $502,000

Condos 295 · Houses 1

For rent

228

Median $2,650

Condos 226 · Houses 1

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

Convenient access to amenities and services
Strong community feel with diverse residents
Good public transport options nearby
Affordable compared to city median prices

Keep in mind

Higher rental strain for residents
Limited single-family homes available

The feel of the placeLifestyle

Daily life in City Centre is busy and lively, with plenty of options for dining and entertainment. Residents enjoy easy access to parks and schools.

Great for young professionals first-time buyers families

Within the boundaryWhat's nearby

The boundary

2.2 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 2.2 km² of City Centre. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

Elementary

Secondary

Fairview Public School
Public · Peel DSB
Not rated
Greenbriar High School
Independent
Not rated
Spark Asher Academy
Independent
Not rated
Toronto International Oslife School
Independent
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside City Centre, 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

27,320

Population (2021)

3.2 km²

Area

8,609

People per km²

Median age

$76,585

Median income

54%

Own their home

2.2

People per household

12,255

Households

Every age

Children (under 15)15.4%
Working age (15–64)71.4%
Seniors (65+)13.2%

What is built here

Detached houses1.7%
Semi-detached1.1%
Townhouses1.5%
Duplexes0.5%
Low-rise apartments1%
High-rise apartments94.2%

Own or rent

54%Owners

46%Renters

Across 12,255 households

When it was built

Mostly 2006–2010

1960 or earlier1%
1961–19805%
1981–199015%
1991–200012%
2001–200515%
2006–201028%
2011–201518%
2016–20217%

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.

60.6%
Born outside Canada: 52.9%
Hold a degree or higher: 56.3%
Employment rate: 16.1%
Commute by transit: 76.9%
Commute by car: 1.6
Children per family: $67,356
Median income after tax: $85,337
Average household income: 20.4%
Living on a low income: $2,064/mo
Renters pay, per month: $1,786/mo
Owners pay, per month: $549,575
Median home value at census: 53.1%
Renters spending 30%+ of income on housing: 40.3%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 11 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 City Centre actually rent for

3,855 homes were leased in City Centre over the 12 months to September 2026. Half leased above $2,371 and half below, 3.7% lower than the 12 months before. A typical home found its tenant in 19 days — 2 days quicker than a year ago.

Median rent: $2,371; -3.7% year over year
Days to lease: 19; 2 days quicker
Leases closed: 3,855; last 12 months
Rent per square foot: $3.39/mo; from 3,655 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.

$3,076$2,709$2,341$1,974

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: 9.1%

From 3,855 leases that closed here in the last 12 months.

Rent or buy in City Centre

17 years

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

Median sold price

$484,492

556 sales

Median rent

$2,371/mo

3,855 leases

Gross rental yield

5.87%

before costs

Both figures come from deals that actually closed in City Centre 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 City Centre

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

3,855leases

Condo apartment$2,37095.4%
Other kinds of home$2,3543.4%
Condo town$3,4280.4%
Other kinds, too few of each —0.8%

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 — City Centre, rentals

Monthly closed leases in City Centre
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	272	$2,500	$2,286 – $2,800	14	100.0%
Aug 2026	355	$2,500	$2,300 – $2,795	14	100.0%
Jul 2026	413	$2,400	$2,250 – $2,750	15	100.0%
Jun 2026	375	$2,400	$2,200 – $2,700	16	100.0%
May 2026	356	$2,398	$2,150 – $2,650	18	100.0%
Apr 2026	351	$2,300	$2,100 – $2,600	17	100.0%
Mar 2026	389	$2,300	$2,100 – $2,600	19	100.0%
Feb 2026	287	$2,300	$2,100 – $2,600	25	100.0%
Jan 2026	328	$2,298	$2,075 – $2,550	25	100.0%
Dec 2025	305	$2,250	$2,050 – $2,550	22	100.0%
Nov 2025	216	$2,350	$2,200 – $2,600	20	100.0%
Oct 2025	208	$2,500	$2,250 – $2,750	23	100.0%
Sep 2025	267	$2,500	$2,300 – $2,750	21	100.0%
Aug 2025	388	$2,500	$2,300 – $2,850	18	100.0%
Jul 2025	417	$2,450	$2,300 – $2,800	18	100.0%
Jun 2025	392	$2,400	$2,250 – $2,750	21	100.0%
May 2025	382	$2,400	$2,200 – $2,700	18	100.0%
Apr 2025	337	$2,400	$2,250 – $2,750	18	100.0%
Mar 2025	320	$2,450	$2,250 – $2,700	25	100.0%
Feb 2025	216	$2,450	$2,250 – $2,685	25	100.0%
Jan 2025	230	$2,463	$2,300 – $2,774	23	100.0%
Dec 2024	176	$2,550	$2,350 – $2,813	23	100.0%
Nov 2024	203	$2,500	$2,375 – $2,800	22	100.0%
Oct 2024	173	$2,650	$2,450 – $2,900	18	100.0%
Sep 2024	256	$2,650	$2,500 – $2,950	22	100.0%
Aug 2024	464	$2,700	$2,500 – $3,000	27	100.0%
Jul 2024	342	$2,600	$2,496 – $3,000	26	100.0%
Jun 2024	225	$2,600	$2,450 – $2,950	35	100.0%
May 2024	222	$2,600	$2,450 – $2,900	36	100.0%
Apr 2024	219	$2,600	$2,400 – $2,900	36	100.0%
Mar 2024	160	$2,550	$2,444 – $2,813	36	100.0%
Feb 2024	119	$2,550	$2,400 – $2,800	29	100.0%
Jan 2024	153	$2,600	$2,500 – $2,850	22	100.0%
Dec 2023	157	$2,700	$2,500 – $2,950	21	100.0%
Nov 2023	172	$2,650	$2,500 – $2,900	14	100.0%
Oct 2023	192	$2,700	$2,550 – $3,000	13	100.0%

What people ask about City Centre

How much does a home cost in City Centre?

Homes in City Centre sold for a median of $484,492 over the 12 months to September 2026, across 556 closed sales — half sold for more and half for less. That is 9.7% lower than the 12 months before it.

How long does it take to sell a home in City Centre?

A home in City Centre took a median of 32 days on the market over the 12 months to September 2026. Homes there closed at 96.6% of the asking price on average, with 16.5% selling over asking.

How much is rent in City Centre?

The median lease in City Centre closed at $2,371 a month over the 12 months to September 2026, across 3,855 leases.

Is it cheaper to rent or buy in City Centre?

A home in City Centre costs about 17.0 years of the rent on one — the median price of $484,492 against a median rent of $2,371 a month, a gross yield of 5.87%. The shorter that number, the closer buying is to renting before financing costs.

What kind of homes sell in City Centre?

Over the 12 months to September 2026 the mix in City Centre was condo apartment (95.9% of sales, median $481,944) and other kinds of home (0.9% of sales, median $522,000).

Compiled by HOMEH from leases reported closed in City Centre 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 City Centre

A condo here is its own market

Half the condo apartments that changed hands in City Centre over the 12 months to September 2026 sold above $481,944. Condos were 96% of everything that closed here, so there is no freehold market in City Centre to read that number against.

Median condo sold price: $482K; 533 closed sales
Median condo rent: $2,370/mo; 3,677 leases
Days to sell: 32; median, condo apartments
Share of all sales: 96%; of everything that closed here