Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Exchange District is Camrost-Felcorp’s four-tower project (30, 42, 60 and 72 storeys, close to 2,000 homes) just south of Square One. The 30-storey rental tower is finished, and the 72-storey EX3 was still rising in 2026. Mississauga condo apartments sold for a median $485,000 in January to October 2026, down 9.3%.
This guide is for anyone thinking about buying, renting or investing at Exchange District Condos, the four-tower project rising just south of Square One in Mississauga. You will get the verified facts on the towers, who is building them and where construction stands, plus city-level price and rent numbers and the checks I would make before signing anything in 2027.
Where is Exchange District Condos and what is nearby?
Exchange District sits in Mississauga City Centre, immediately south of Square One Shopping Centre. Planning documents reported by STOREYS give the addresses as 135, 151 and 181 City Centre Drive, on a site of a little over three acres. A new road called The Exchange runs along the west side of the complex.
Within a short walk you have the things that make City Centre the city’s downtown:
- Square One Shopping Centre, directly to the north.
- The City Centre Transit Terminal at 200 Rathburn Road West, Mississauga’s main bus hub.
- Celebration Square, City Hall and the Hazel McCallion Central Library, all within a few blocks.
- Sheridan College’s Hazel McCallion Campus on Duke of York Boulevard, which brings a steady student rental market.
If you are comparing towers in the area, my Mississauga City Centre condo buildings guide covers Absolute World, M City, One Park Tower, PSV, Avia and Edge Towers.
Who is building Exchange District and when will it be finished?
The developer is Camrost-Felcorp and the architect is Arcadis. STOREYS reports that the company bought the site in 2016, filed plans in spring 2019 and broke ground in 2020. The project has four towers, each with a coloured glass crown, and a shared podium with shops at street level.
| Tower | Storeys | Status (UrbanToronto, Feb 2026) |
|---|---|---|
| EXS | 30 | Complete; rental suites plus a 26-suite boutique hotel |
| EX1 (magenta crown) | 60 | Topped off; cladding and crown work continuing |
| EX2 (yellow crown) | 42 | Topped off; upper floors still being clad |
| EX3 (blue crown) | 72 (232 m) | Rising; about the 46th floor in January 2026, expected to top off later in 2026 |
Source: UrbanToronto, September 2025 and February 2026. Phase sizes from STOREYS, November 2024.
By phase, STOREYS lists 855 units in Phase 1 (the 60-storey tower and the shorter tower, which STOREYS lists at 31 storeys), 440 in Phase 2 (the 42-storey tower) and 672 in Phase 3 (the 72-storey tower). That is close to 2,000 homes on one block. Once finished, EX3 will be Mississauga’s second-tallest building, behind M City’s 77-storey M3.
Neither source gives firm occupancy dates for EX1, EX2 or EX3. If you are buying a unit in a tower that is not yet registered, ask the seller and your lawyer exactly where the building is in the occupancy and registration process.
What suite types and sizes does Exchange District have?
Camrost-Felcorp’s own project page does not publish floor plans, and the marketing site does not allow automated access, so I could not confirm the full suite mix from the builder. What the city filings show, as reported by STOREYS, is about 773,000 square feet of residential space across the four towers.
Listing data on a building-data website shows suites in the first tower ranging from about 400 to 1,133 square feet, mostly one-bedroom, one-bedroom-plus-den and two-bedroom layouts. Treat that as a guide only. Before you buy, ask for the floor plan of the exact suite, the measured area and the parking and locker details in writing.
What amenities does Exchange District offer?
The approved plans include about 37,400 square feet of indoor amenity space and about 21,100 square feet of outdoor amenity space, according to STOREYS. The wider project also adds a hotel, office and retail space, new parks, a public piazza and a museum.
Listing sites describe the first tower’s amenities as including an indoor pool, a gym, co-working space and a rooftop terrace. I could not confirm the final list from the builder, so check the declaration and the amenity schedule in your agreement. Amenities that are promised in marketing are not always the ones that open on day one.
How much are maintenance fees at Exchange District Condos?
No builder or official source publishes a fee range for these towers, and a new building’s fees can change once it has a year or two of real costs. Here is how to check them properly:
- Resale in a registered tower: get the status certificate. It shows the current monthly fee for the unit, the budget and the reserve fund. My guide to what to look for in a status certificate walks through it line by line.
- Before registration: buyers pay interim occupancy fees, not regular condo fees. These cover interest, estimated fees and taxes. See interim occupancy explained.
- Utilities: A building-data website lists hydro, heat, air conditioning and water as not included in the first tower’s fees. Confirm this in the status certificate, because separately metered utilities can add a real amount to your monthly cost.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
What do Mississauga condos sell and rent for heading into 2027?
REALM does not report prices for one building or for City Centre alone, so the numbers below are for the City of Mississauga as a whole. Use them to understand the direction of the market, not as a value for a specific suite.
| Mississauga, Jan–Oct | 2024 | 2025 | 2026 |
|---|---|---|---|
| Condo apartment median price | $583,000 | $535,000 | $485,000 |
| Condo apartment sales | 1,493 | 1,275 | 1,213 |
| Average days on market | 31 | 37 | 42 |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025 and 2024. City of Mississauga, all condo apartments.
The median Mississauga condo apartment fell 9.3% in a year and almost 17% in two years, while the average sale took 11 more days than in 2024. For a buyer, that means more choice and more room to negotiate. For an owner planning to sell, it means pricing against the many similar suites listed nearby.
On the rental side, TRREB’s latest rental report (Q2 2026) shows Mississauga condo apartments leasing for an average of $2,189 a month for a one-bedroom and $2,713 for a two-bedroom. TRREB’s Q3 report was not yet posted when I checked in November 2026. My average rent in Mississauga for 2027 guide compares other sources.
How do you get around from Exchange District?
Transit is the area’s strength today, and it is mostly bus-based. The City Centre Transit Terminal is part of the 18-kilometre Mississauga Transitway, a bus-only corridor across the city, and sits on the northwest corner of Square One. It runs from early morning until about 1 a.m. most days.
The Hazel McCallion Line (the Hurontario LRT) will have a short spur along Rathburn Road to a City Centre stop. Global News reported in April 2026 that Metrolinx was working toward finishing construction of the main route by spring 2028, with testing to follow, and Metrolinx would not confirm an opening date. Drivers have Highway 403 right at the north edge of City Centre.
Do not pay a premium for “LRT coming soon.” The line has already slipped from its original 2024 target and has no confirmed opening date. Judge an Exchange District suite on the buses and roads that work today. Also expect construction noise and street closures around the site until EX3 is finished.
What are the pros and cons of living at Exchange District?
Pros
- Brand-new towers with modern systems and a large amenity program.
- One of the most central addresses in Mississauga, beside Square One and the main bus terminal.
- Hotel, retail and office space on site will add daily life to the block once complete.
Cons
- Years of construction on the same block while EX3 and the podium are finished.
- Heavy competition: hundreds of similar suites are listed across City Centre at any time.
- For tenants, units first occupied after 15 November 2018 are exempt from Ontario’s rent increase guideline, so rent can rise by any amount once every 12 months.
Who is Exchange District best for?
It suits buyers who want a new suite in the middle of Mississauga’s downtown and plan to hold for the long term. It also suits renters who value a short walk to shops, the college and the bus terminal over space. Families who want a yard, or buyers who need low fees above everything else, should compare older towers in the area where fees may include heat and water.
In my view, the best buys in a tower like this come from motivated assignment sellers and early resale owners, not from paying full launch prices. With nearly 2,000 suites arriving on one block and a soft condo market, I would negotiate hard, compare at least three similar units nearby and walk away if the numbers do not work. That is my opinion, not a forecast.
Buying or renting at Exchange District in 2027: what should you know?
The rules depend on whether you are buying from the builder, buying an assignment or buying resale.
- From the builder: the Canada Revenue Agency says Ontario’s enhanced new housing rebate applies to agreements signed from 1 April 2026 to 31 March 2027 for a home you or a relative will live in. It can refund up to $80,000 of the provincial HST. Confirm eligibility with your lawyer.
- Assignments: the same rebate applies to an assignment only if both the original agreement and the assignment were signed in that window. Most Exchange District buyers signed years ago, so most assignments will not qualify. Read my assignment sales guide before you sign one.
- Mortgages: the Bank of Canada raised its policy rate to 2.50% on 28 October 2026 and big-bank prime is 4.70%. Get a written pre-approval before you commit, and plan for the next rate decision on 9 December 2026.
- Renting: check who owns the unit, ask for a standard Ontario lease and remember the rent guideline exemption described above.
What to do next
- Decide whether you are buying from the builder, on assignment or resale, and get the matching documents (agreement, disclosure statement or status certificate).
- Ask for the exact floor plan, measured size, parking and locker details for the suite you like.
- Compare it with at least three similar units in nearby City Centre towers sold or leased in the past six months.
- Have a real estate lawyer review the agreement before your cooling-off or conditional period ends.
- Book a call with me if you want help pricing a suite or an assignment in Exchange District.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
Is Exchange District Condos in Mississauga finished?
Not fully, as of early 2026. UrbanToronto reported that the 30-storey EXS tower was complete, the 60-storey EX1 and 42-storey EX2 had topped off with exterior work continuing, and the 72-storey EX3 was near its 46th floor, expected to top off later in 2026. Ask the seller and your lawyer for the current occupancy and registration status of the tower you want.
Who is the builder of Exchange District Condos?
Camrost-Felcorp is the developer of Exchange District Condos in Mississauga, and Arcadis is the architect. STOREYS reports the company bought the City Centre Drive site in 2016, filed plans in 2019 and broke ground in 2020. The project mixes condos with a rental tower, a boutique hotel, offices and shops.
How many units are in Exchange District Mississauga?
Close to 2,000 homes across four towers. STOREYS lists 855 units in Phase 1, 440 in Phase 2 and 672 in Phase 3, the 72-storey EX3. That scale matters for 2027 buyers and sellers, because many similar suites will compete for the same buyers and tenants in Mississauga City Centre.
What is the address of Exchange District Condos?
Planning documents reported by STOREYS give the addresses as 135, 151 and 181 City Centre Drive, Mississauga, just south of Square One Shopping Centre. Individual towers may use other street addresses once registered, including on the new road called The Exchange, so confirm the exact unit address on the agreement or status certificate.
How much does a condo at Exchange District cost in 2027?
No official source publishes Exchange District prices, so start with city data. Mississauga condo apartments sold for a median $485,000 from January to October 2026, down 9.3% from 2025, per TRREB MLS data via REALM. Price a specific suite from recent sales in the same tower and nearby City Centre towers.
How much is rent at Exchange District Mississauga?
Use the city average as your guide: Mississauga condo apartments leased for about $2,189 a month for a one-bedroom and $2,713 for a two-bedroom in Q2 2026, per TRREB. New towers often ask more than average. Rent increases in these towers are not capped by Ontario’s guideline, because they were first occupied after 15 November 2018.
Does Exchange District have rent control?
No guideline cap applies. In Ontario, units first occupied for residential use after 15 November 2018 are exempt from the annual rent increase guideline, which is 1.9% for 2027. All Exchange District towers fall in that group, so a landlord can raise rent by any amount, but only once every 12 months and with at least 90 days’ written notice.
Is there an LRT stop near Exchange District Condos?
Not yet. The Hazel McCallion Line will have a spur along Rathburn Road to a City Centre stop near Square One, but Global News reported in April 2026 that Metrolinx was aiming to finish construction by spring 2028, with testing after that. Today, the City Centre Transit Terminal and the Mississauga Transitway buses are the main transit links.
Can I get the Ontario HST rebate on an Exchange District assignment?
Usually not. The Canada Revenue Agency says Ontario’s enhanced new housing rebate applies to an assignment only if both the original agreement and the assignment were signed between 1 April 2026 and 31 March 2027. Most Exchange District buyers signed years earlier. Confirm your situation with a real estate lawyer before you sign.
Sources
- UrbanToronto: Exchange District growing taller in Mississauga City Centre (September 2025)
- UrbanToronto: EX3 climbs higher at Exchange District (February 2026)
- STOREYS: Mayor throws support behind Mississauga’s Exchange District (November 2024)
- A building-data website: Exchange District Condos building page
- TRREB Rental Market Report, Q2 2026
- MiWay: City Centre Transit Terminal
- Global News: Hurontario LRT completion date (April 2026)
- Canada Revenue Agency: Ontario enhanced new housing rebate (Notice 346)
Related reading
- Living at Pinnacle Uptown, Mississauga: 2027 Buyer and Renter Guide
- Living at The Grand Residences at Parkside Village, Mississauga: 2027 Buyer and Renter Guide
- Living at The Condominiums at Square One District, Mississauga: 2027 Buyer and Renter Guide
- Living at Daniels City Centre, Mississauga: 2027 Buyer and Renter Guide
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.