Cheap Houses and Condos for Sale in Mississauga

Listings last updated 05/17/2021

Only 3 listings are available in Mississauga. Below you can find cheap houses and condos for sale from nearby areas in Greater Toronto:

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Finding cheap houses for sale in Mississauga, ON

Get instant access to a lot of relevant information about Mississauga, ON real estate, including property descriptions, virtual tours, maps and photos. Point2 gives you far more than a simple list of cheap houses for sale in Mississauga, ON, as the search results pages also have a lot of information on Mississauga, ON, right below the listings. Among the deep filtering functions on Point2, you can use Mississauga, ON real estate prices, square footage, amenities and many other criteria to help narrow down your search. Price drops are another feature at your disposal, which can be especially useful when you’re looking for cheap houses or cheap condos.

There are 3 cheap houses for sale in Mississauga, ON

Use the map view to find Mississauga, ON cheap homes for sale, based on city features or amenities that you may want close by. You can close in on a specific neighbourhood or area by simply drawing around it with the polygon or radius tools. Never miss an opportunity for a cheap home, by saving your searches. This way, you get new listings in your inbox, daily or every week, based on your preferences and your budget. If you’d like to get in touch with a professional, agents are displayed next to their listings, and they’re easy to contact through the online forms or directly by phone – all their contact information is displayed. If you want more options in terms of professional advice, you can click the Tools tab and Find an Agent, and you’ll get a list of helpful and knowledgeable real estate agents in Mississauga, ON. Visit the Point2 blog and you can find up to date expert advice on many markets throughout Canada, regular market reports, neighbourhood scoops in cities throughout the provinces, best deals for cheap homes, and other useful recommendations.

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Conveniently positioned on the shore of Lake Ontario, Mississauga is a South Ontarian city located just 30 km from Toronto. With a diverse population of 721,000, Mississauga is Canada’s sixth most populous city and has a strong economy and a vibrant arts and culture scene. Two large rivers run through the city and feed into the lake, and the city area coversaround 288 Mississauga experiences a climate similar to Toronto, with cold winters, often reaching the minuses, and hot and humid summers. The Lakes strongly influence the weather, and snowfall generally lasts for a much shorter period compared to other areas of Canada.

Mississauga boasts a strong economy, and is home to a number of Fortune 500 headquarters. Toronto’s major airport is also located here, so,all in all, the city has many employment opportunities. Its major industries include aerospace, electronics, pharmaceuticals, and banking and finance.

The population in Mississauga is large and quickly growing, and is a melting pot of different cultures and ethnicities. Around 45% of the population is white, with the rest being of primarily South Asian, black, Chinese, Filipino, and Arab heritage. Mississauga embraces its diversity, celebrates cultural and arts festivals year-round, and is home to a number of attractions including museums, sports facilities, and shopping centres. English is considered as the mother tongue language by 47% of the population. Mississauga offers a great quality of life with fairly affordable housing, as well as a short commute time for those who work in Toronto.

Popular areas in Mississauga include: Applewood, Cooksville, Erindale, Hurontario, Mineola, Fairview and Streetsville.

Mississauga, Ontario

Mississauga, Ontario
real estate market overview

Real Estate Market Overview

More people are turning to Mississauga’s real estate market since it offers great value for money and is a cheaper option than Toronto. There is a lot of confidence in Mississauga’s market, and the city has experienced a fair amount of growth in recent years due to a population increase and people looking to live in more urban areas and to commute to Toronto for work. Prices have been rising in the last few years which has caused sales to dip slightly, but the market is still relatively affordable especially compared to the market on the west coast in places like Vancouver.

Among the key buyer demographic are first-time buyers and millennials looking to enter the property market, move-up buyers trading their homes for something larger, and foreign and local investors. Since the implementation of BC’s Foreign Buyer’s Tax, buyers have been turning to the GTA market in search of affordable investments, and Mississauga is an attractive option. The city offers more land and larger homes than Toronto, and although homes are increasing in price and selling rather quickly, it’s a solid market to be in. The average condo price in 2016 was $367,000, which can be afforded for millennials and first-time buyers especially in the downtown area. The market is currently in favour of sellers since demand is high but supply is fairly low; however, upcoming construction and developments in the City Centre, Erin Mills, Port Credit and Lakeview will help to increase inventory.

real estate market overview

Cheap Real Estate Market Overview

Mississauga’s property market has seen a boom in recent years, but that doesn’t mean that cheap houses can’t be found. First-time buyers and millennials are still key players in real estate and young families are still able to enter the market while staying close to the citywith fairly easy access to Toronto. Although housing affordability is slowly becoming an issue in Mississauga, the city is being proactive in trying to help local buyers afford to get into the property market and become homeowners.

The City Centre is known to have cheap condos that are close to transit whichis a great option for first-time buyers with a modest budget, and other affordable neighbourhoods include Malton, Cooksville, Sheridan, and Clarkson. Areas such as the City Centre and Cooksville have excellent transit links and amenities, which is very desirablenot only for buyers but also from a seller’s perspective if the intention is to move-up and sell the home in a few years. In Cooksville, the LRT is due to be developed in the near futurewhich will be very convenient for commuters and no doubt be advantageous for both property owners and landlords/investors.

cheap real estate market overview

Read more about living in Mississauga, Ontario.

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