What a home costs in Mississauga, what you pay to close, and how much a physician program lets you buy.
Benchmark price for Mississauga, July 2026, from the Toronto Regional Real Estate Board, Market Watch July 2026, City of Mississauga. Other cities show the MLS Home Price Index benchmark unless marked. Figures reviewed August 2026.
A physician program could add
$0
to the home you can buy.
Estimate at 4.49%, stress tested at 6.49%, with 10% down, below the $1.5M insured limit.
Mississauga is in the GTA but outside the City of Toronto, so buyers pay only the Ontario provincial land transfer tax, with no municipal surcharge. On a $1M home the provincial LTT is roughly $16,500, versus roughly $33,000 combined if the same home were inside Toronto.
Sources: Ontario Ministry of Finance, calculating land transfer tax; Ontario, land transfer tax refunds for first-time homebuyers. Rates reviewed August 2026.
Physician programs qualify residents on $185,000 in PGY-1 and PGY-2 and $225,000 from PGY-3, not on these salaries.
PARO, PARO-OTH arbitration decision, September 24, 2024, in effect from July 2025. The agreement expired June 30, 2026. PARO states its terms, including salary, stay in effect until a new agreement is reached. No 2026 grid had been published when this table was reviewed.
Does Mississauga have the Toronto land transfer tax?
No. Mississauga is in the GTA but outside the City of Toronto, so buyers pay only the Ontario provincial land transfer tax. On a $1M home that is roughly $16,500, versus roughly $33,000 combined if the home were inside Toronto.
Why do some physicians buy in Mississauga instead of Toronto?
Beyond price, Mississauga avoids the City of Toronto municipal land transfer tax, roughly halving the closing tax on an equivalent home while keeping GTA and hospital access.
