Published 29 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Mississauga City Centre is the high-rise downtown around Square One Shopping Centre, centred on Hurontario Street and Burnhamthorpe Road. Its best-known condo towers include the twisting Absolute World pair (56 and 50 storeys, 2012), the M City towers (61 storeys each, per the City), One Park Tower (38 storeys, 2008), PSV and Avia at Parkside Village, and Solmar’s Edge Towers on Hurontario. TRREB does not publish City Centre or building prices. For the whole of Mississauga in August 2026 it recorded 109 condo apartment sales at a $500,000 median and a $495,052 average, 97 percent of list price, 45 days on market, and about 7.8 months of inventory by my arithmetic. Value a unit from recent sales of its own layout, not the city average.
What “City Centre” means
When people in the GTA say Mississauga City Centre, or downtown Mississauga, they mean the cluster of towers around Square One Shopping Centre and Celebration Square. It is the densest part of the city and the part that has changed most in the last twenty years. The City’s own Downtown Strategy builds on the 2010 Downtown21 Master Plan, which set out to turn the area “from suburban to urban.”
Three large master-planned neighbourhoods do much of the work. Daniels describes its City Centre community as a 23-acre neighbourhood bordered by Confederation Parkway and Burnhamthorpe Road West, with a three-acre park. Amacon’s Parkside Village is described by the builder as 30 acres, with roughly 7,500 homes when complete. And M City, from Rogers Real Estate Development and Urban Capital, is an eight-tower, 15-acre community at Burnhamthorpe and Confederation, according to the City of Mississauga.
Transit is part of the pitch. The City Centre Transit Terminal at 200 Rathburn Road West, on the northwest corner of Square One, is Mississauga’s main bus hub, served by MiWay, GO Transit and Brampton Transit. Metrolinx’s Hazel McCallion Line, the Hurontario LRT, is still under construction; in April 2026 Global News reported that Metrolinx aims to finish construction by spring 2028, and that target does not include the downtown loop.
Which market numbers apply
TRREB reports Mississauga as a single municipality inside Peel Region. There is no separate City Centre line and no building-level figure in the Market Watch, so treat everything below as the backdrop, not a price for any tower.
| Condo apartments, August 2026 | Mississauga | Peel Region | Brampton | City of Toronto | All TRREB |
|---|---|---|---|---|---|
| Sales | 109 | 130 | 21 | 885 | 1,330 |
| Average price | $495,052 | $485,264 | $434,457 | $651,648 | $617,593 |
| Median price | $500,000 | $481,500 | $425,000 | $550,000 | $530,000 |
| New listings | 357 | 443 | 81 | 2,303 | 3,579 |
| Active listings | 849 | 1,058 | 202 | 4,938 | 7,882 |
| Months of inventory (calculated) | 7.8 | 8.1 | 9.6 | 5.6 | 5.9 |
| Sales to new listings (calculated) | 31% | 29% | 26% | 38% | 37% |
| Sale to list price | 97% | 96% | 94% | 96% | 96% |
| Avg. days on market | 45 | 50 | 71 | 39 | 41 |
Source: TRREB Market Watch, August 2026, condominium apartments. Calculated rows are my arithmetic: active listings divided by sales, and sales divided by new listings. One month of data; Brampton’s 21 sales are a small sample.
Mississauga made up 109 of Peel’s 130 condo apartment sales in August, about 84 percent (my arithmetic), and its average sat $4,948 below its median. The weak spot is supply: about 7.8 months of inventory and only 31 percent of new listings selling. Buyers had choice, and sellers who priced from last year’s peak waited.
Mississauga has no municipal land transfer tax. At the $500,000 median, a buyer pays $6,475 in Ontario land transfer tax; the same purchase in Toronto adds another $6,475 in municipal tax, $12,950 in total (my arithmetic from the published brackets, before first-time buyer refunds).
How City Centre buildings differ
Downtown Mississauga condos fall into rough generations, and each generation prices differently:
- The 2000s towers. Buildings such as One Park Tower (2008) came out of the first push to urbanise the area. Suites in this era are often more generous than today’s, and the buildings are old enough that reserve fund planning for major components starts to matter.
- The 2010s landmarks. Absolute World (2012) and PSV (2017) brought height and distinctive design. Suites vary more by floor because of the shapes involved.
- The 2020s supertalls and new towers. M City’s M1 and M2 (occupied 2023/2024), Edge 1 and Edge 2 and Avia (2025) are big buildings with hundreds of suites each and smaller average layouts. Many owners are investors, so a resale often competes with several near-identical listings in the same tower.
Fees, amenities and reserve fund health differ building by building; they come from each corporation’s budget and status certificate, not from me guessing.
Six well-known City Centre buildings
Each line below is verified from the developer, the architect, the City, UrbanToronto or the Council on Tall Buildings and Urban Habitat (CTBUH); follow the links for the full building guide.
- Absolute World, 50 and 60 Absolute Avenue. The twisting “Marilyn Monroe” towers by MAD Architects for Fernbrook Homes and Cityzen, 50 and 56 floors, completed 2012. Absolute World condo guide.
- M City (M1 and M2), Confederation Parkway and Quartz Road. Rogers Real Estate Development and Urban Capital; 61 storeys each per the City, designed by CORE Architects. M City condo guide.
- One Park Tower, 388 Prince of Wales Drive. Daniels, Kirkor Architects, 38 storeys, completed 2008. One Park Tower condo guide.
- PSV and PSV2 at Parkside Village. Amacon; 47 and 42 floors per CTBUH, both completed 2017. PSV condo guide.
- Avia at Parkside Village, 465 Burnhamthorpe Road West. Amacon; 50 floors per CTBUH, completed 2025, with a Food Basics at its base. Avia condo guide.
- Edge Towers, Hurontario Street and Elm Drive West. Solmar; Edge 1 (35 storeys) and Edge 2 (40 storeys) complete, with a third tower, Oro, under construction. Edge Towers condo guide.
What the numbers mean if you are selling
With 849 active condo listings in Mississauga in August and 109 sales, you are one of many. The 97 percent sale-to-list ratio counts only units that sold. The practical rule is simple: price from what your layout has actually sold for recently, and from the listings a buyer will see the same weekend, not from the best sale of the last two years.
In the large new towers, check how many suites of your exact layout are listed in your building right now. If there are five, the cheapest decent one sets the ceiling. In older towers, order the status certificate early. If you are torn between selling and keeping a unit as a rental, read should I sell or rent out my condo before you list.
What the numbers mean if you are buying
A soft market gives buyers leverage, but only on the right unit. Look for suites that have been listed a while, owners who have already bought elsewhere, and layouts with more competition in the same building. In new towers where many investors closed at once, resale supply can stay heavy. Urbanation counted 4,295 completed, unsold new condos across the GTHA in the first quarter of 2026, so developers are competing with resale owners too.
Budget beyond the price. Your lender will count half the monthly condo fee against your debt ratios, and CMHC’s limits are 39 percent for GDS and 44 percent for TDS. A high-fee unit can cut what you qualify for more than you expect. If a unit is tenanted, remember that Ontario’s rent increase guideline (2.1 percent for 2026) does not apply to units first occupied after 15 November 2018, which covers the newest City Centre towers.
How to value a unit in City Centre
My order of operations is the same in every tower: recent sales of the same layout in the same building, then the same layout in comparable nearby towers, adjusted for floor, view, exposure, parking, locker, condition and fees, then a check against current listings. The TRREB median tells you the temperature of the market; it does not tell you the price of a 12th-floor one-bedroom facing another tower.
If your building has had no recent sales of your layout, read how to price a condo when nothing in your building has sold. For the city-wide numbers, see how much a condo is worth in Mississauga, and for how floor, view and parking move the number, what floor, view and parking are worth.
Two tools help here: the AI condo value estimator below gives you a range in about a minute, and the net proceeds calculator turns any price into what actually lands in your account.
Where I fit
I am based at our office on The Queensway, but I work with condo buyers and sellers across Mississauga, Toronto and the whole GTA. I price City Centre suites building by building, from the sales and listings that compete with yours. When you have a range from the estimator, book a call or phone 833-330-1925.
Free tool — AI condo value estimator
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
—
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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.
Frequently asked questions
What area is Mississauga City Centre?
It is the high-rise downtown around Square One Shopping Centre and Celebration Square, centred on Hurontario Street and Burnhamthorpe Road. It includes master-planned communities such as Daniels’ City Centre neighbourhood, Amacon’s Parkside Village and M City. TRREB does not publish separate City Centre condo figures; its Market Watch reports Mississauga as one municipality.
What is the average condo price in Mississauga in 2026?
TRREB’s Market Watch recorded 109 Mississauga condo apartment sales in August 2026 at an average of $495,052 and a median of $500,000, selling at 97 percent of list price after 45 days on average. These are city-wide figures. TRREB does not publish prices for individual buildings or for the City Centre on its own.
What is the tallest condo building in Mississauga?
According to the City of Mississauga, M3 at M City is the tallest at 81 storeys, with completion expected in the fourth quarter of 2026. Among completed towers, CTBUH lists M1 and M2 at about 200 metres, taller than the 56-storey tower at 60 Absolute Avenue (175.6 metres, completed 2012).
Is the Hurontario LRT open?
Not yet. Metrolinx lists the Hazel McCallion Line, an 18-kilometre line from Port Credit GO to Brampton Gateway Terminal, as under construction. Global News reported in April 2026 that Metrolinx aims to finish construction by spring 2028, and that target does not include the downtown Mississauga loop.
Is it a good time to buy a condo in Mississauga City Centre?
Buyers have more choice than sellers right now. In August 2026 Mississauga had about 7.8 months of condo inventory by my arithmetic and only 31 percent of new listings sold. That favours buyers on well-chosen units, but the right price still depends on the building, layout and fees, so compare recent sales first.
Does Mississauga have a municipal land transfer tax?
No. Buyers in Mississauga pay only the Ontario land transfer tax, $6,475 on a $500,000 condo by my arithmetic. The same purchase in Toronto adds a matching municipal tax, for $12,950 in total before any first-time buyer refunds.
Sources
- TRREB — Market Watch, August 2026 — condominium apartment tables by region and municipality
- City of Mississauga — M City — 8 towers on 15 acres, M1 and M2 at 61 storeys, occupancy 2023/2024
- The Daniels Corporation — Mississauga City Centre — 23-acre master-planned neighbourhood
- Amacon — Development portfolio — PSV 48 stories, PSV2 42 stories, Avia 50 storeys, Parkside Village 30 acres
- City of Mississauga — City Centre Transit Terminal — 200 Rathburn Road West, MiWay, GO and Brampton Transit
- Metrolinx — Hazel McCallion Line — 18 km, 19 stops, Port Credit GO to Brampton Gateway Terminal
- Global News — Metrolinx expects 2028 completion for Hazel McCallion LRT (28 April 2026) — target excludes the downtown loop
- City of Mississauga — Downtown Strategy — builds on the 2010 Downtown21 Master Plan
- CMHC — Calculating GDS / TDS — 50% of condominium fees counted; 39% / 44% limits
- Urbanation — Standing condo inventory hits record high in Q1 — 4,295 completed, unsold new condos, Q1 2026
- Government of Ontario — Rent increase guideline — units first occupied after 15 November 2018 are exempt
- Condominium Authority of Ontario — Status certificates — 10 days, up to $100, Condominium Act s. 76
Related reading
- Absolute World condos guide
- M City condos guide
- One Park Tower condo guide
- PSV at Parkside Village condo guide
- Avia at Parkside Village condo guide
- Edge Towers condo guide
- How much is my condo worth in Mississauga?
- How to price a condo when nothing in your building has sold
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. Every figure here comes from a published table, regulator or statute linked in the sources, so you can check all of it without asking me.
Reach me at connect@jatindua.com or 833-330-1925, or book a call.