If you're buying a home in Mississauga, budget an extra 1.5% to 4% of the purchase price for closing costs, on top of your down payment, according to Real Estate HQ's 2026 Ontario closing-costs guide. On Mississauga's October 2026 average home price of $927,521 (TRREB Market Watch, released November 4, 2026), that works out to roughly $13,900 to $37,100 — and the single biggest item on the bill is Ontario's land transfer tax.
Land Transfer Tax: The Biggest Closing Cost in Mississauga
Ontario charges land transfer tax on every purchase, on a graduated scale set by the Ontario Ministry of Finance: 0.5% on the first $55,000, 1% on the portion from $55,000 to $250,000, 1.5% from $250,000 to $400,000, 2% from $400,000 to $2,000,000, and 2.5% above $2,000,000. Each rate applies only to the slice of the price inside its band.
At Mississauga's October 2026 average price of $927,521, the tax works out to about $15,025. A typical Mississauga condo is cheaper to close on: the average condo sold for $508,683 in October 2026 (TRREB MLS data compiled by Valery), which carries about $6,649 in land transfer tax. One piece of good news for Mississauga buyers: unlike Toronto, Mississauga has no second municipal land transfer tax, so you pay the provincial tax only.
First-time buyers get real relief. Ontario refunds up to $4,000 of the provincial tax to eligible first-time buyers — enough to cover the full tax on a home up to about $368,000. To qualify you must be at least 18, a Canadian citizen or permanent resident, and never have owned a home anywhere in the world, and your spouse must not have owned one while you were together.
Other Closing Costs Mississauga Buyers Should Budget For
Land transfer tax is the headline, but it is not the whole bill. Your lawyer's fees and disbursements, title insurance, a home inspection, and any lender appraisal all land at closing. If you're buying a condo — common in City Centre, Cooksville and along the QEW corridor — your lawyer will also review a status certificate, which carries its own fee. Then there are adjustments: the seller's prepaid property taxes and condo fees are split fairly on closing day, and you will want a small buffer for moving costs and utility hook-ups. Ask your lawyer for a written estimate early, before you waive conditions, so there are no surprises.
Buying New in Mississauga? The HST Rebate Helps
If you're buying a newly built home in Mississauga — in Churchill Meadows, Erin Mills or the new towers near Square One — a different rule applies. Under Ontario's expanded HST rebate, which took effect April 1, 2026, buyers of a new home as their primary residence get the full 13% HST back, up to $130,000, on builder agreements signed between April 1, 2026 and March 31, 2027. That can change the math considerably on a new build versus resale, so ask your lawyer whether the rebate is applied at closing or assigned to the builder.
FAQ: Closing Costs in Mississauga
How much are closing costs on a $900,000 home in Mississauga?
Budget roughly $13,500 to $36,000 (1.5% to 4% of the price), including about $14,475 in Ontario land transfer tax. A first-time buyer who qualifies for the $4,000 rebate would pay about $10,475 of that tax.
Do first-time buyers in Mississauga pay land transfer tax?
Yes, the tax is charged at closing, but eligible first-time buyers can claim a refund of up to $4,000 from Ontario. Your lawyer usually applies it right on the closing statement.
Are closing costs higher in Mississauga than in Toronto?
No — they are lower. Toronto buyers pay a second municipal land transfer tax on top of the provincial one. Mississauga buyers pay the provincial tax only, which saves thousands on a typical purchase.
As a RE/MAX West Realty Inc. agent with 16+ years of experience and Hall of Fame recognition, I help buyers and sellers across Mississauga — from Streetsville and Port Credit to Erin Mills, Cooksville and Churchill Meadows — plan for the full cost of a move, not just the price tag. For a free home valuation or to talk through your next move, call Tamer Youssef at 905-782-7527 or visit best4mehome.com.
