New Condos and Homes in Square One, Mississauga

Square One is downtown Mississauga: the high-rise district around Square One Shopping Centre, City Hall and Celebration Square, where condo towers have filled in around the mall and more are planned; it suits buyers who want a walkable, transit-served condo with shopping, parks and offices nearby. The City of Mississauga calls this area the Downtown Core, one of four character areas that make up the wider Downtown (the others are Fairview, Cooksville and the Hospital area). Its districts include the Square One, Civic, Confederation Parkway, Rathburn and Hurontario districts, along Burnhamthorpe Road, Rathburn Road and Hurontario Street, with the Cleary Park district reaching west to Grand Park Drive.

This guide covers what is being built, how prices and the rules for new-home buyers look as of October 2026, and what living downtown is like for transit, schools, parks and jobs.

Top photo: Downtown Mississauga's condo towers and the Civic Centre clock tower, September 2025. Photo: Dillan Payne, CC BY-SA 4.0, via Wikimedia Commons.

What is being built around Square One

The City's Downtown Core plan says high-density residential development has dominated here, around the edges of the shopping centre, so new homes are almost all condo apartments in high-rise towers, with a small number of condo townhomes at the base of larger communities. Expect mostly one-bedroom, one-bedroom-plus-den and two-bedroom suites.

Projects we track in the area include Tempo Condos by Greenpark Homes at 92 Burnhamthorpe Road West, listed as coming soon as of October 2026, and the M City Sky & Townhome Collection at Burnhamthorpe Road and Confederation Parkway, which is move-in ready. Avia by Amacon on Square One Drive was completed in 2023, so units there are resales or assignments. The Square One project list and the Mississauga pre-construction list let you filter by move-in year, price and home type. Builders active here include Greenpark Homes, Urban Capital and Amacon.

The City also has plans for its own land. In March 2026 Council endorsed a vision for about 12 acres of City-owned land next to City Hall, including the Living Arts Centre site: a convention centre, a hotel, a music hub with a performance venue, office and rental buildings along a redesigned Princess Royal Drive, and a new Sky Park. It is a framework only; no construction dates have been set.

Prices and the market as of October 2026

Mississauga's resale condo market is soft as of October 2026. In September 2026 the Toronto Regional Real Estate Board reported an average condo apartment price in Mississauga of $500,192 and a benchmark condo price of $488,300, down 7.6% from a year earlier. Across the GTA, 5,040 homes of all types sold, 9% fewer than a year before, at an average of $1,006,409.

The Bank of Canada raised its policy rate to 2.50% on October 28, 2026 and said further increases are possible. New suites usually cost more than resale ones, so compare both, and include the 2026 HST relief below, which applies only to new homes.

Downtown has many completed towers, so resale and assignment suites compete directly with new launches. Mississauga has also cut City development charges by 50% on new homes (100% for purpose-built rentals), and in June 2026 Council extended the program to building permits issued before March 30, 2029. That lowers builders' costs; ask us how it shows up in a given project's price list or incentives.

Getting around

The City Centre Transit Terminal at 200 Rathburn Road West, on the north-west corner of Square One Shopping Centre, is Mississauga's main transit hub and part of the 18 km Mississauga Transitway. MiWay routes from the terminal include 2 and 17 Hurontario, 26 Burnhamthorpe, 28 Confederation and express routes 107, 109 and 110, and GO Transit and Brampton Transit buses also stop there. There is no GO train station downtown; the nearest is Cooksville GO on the Milton line, south on Hurontario.

The Hazel McCallion Line (Hurontario LRT) will run 18 km with 19 stops from Port Credit GO to Brampton Gateway Terminal, connecting with the Mississauga Transitway. Metrolinx reports the elevated guideway over Highway 403 near Square One has taken shape, but the line is still under construction and no opening date has been published as of October 2026. For drivers, Highway 403 runs along the north side of downtown.

Schools and colleges

Public schools are run by the Peel District School Board and Catholic schools by the Dufferin-Peel Catholic District School Board. With so many new towers, nearby schools can fill up and boundaries change, so check any address with the Peel DSB school finder or the Dufferin-Peel CDSB school directory before you buy.

Sheridan College's Hazel McCallion Campus is downtown, beside Scholars' Green, which brings students and steady demand for rentals.

Parks and Celebration Square

Downtown parks are small but close together. Mississauga Celebration Square, in front of City Hall, hosts free festivals, concerts and events through the year and has the city's largest outdoor rink in winter. Kariya Park on Kariya Drive is a Japanese garden with cherry blossoms, a pond and a pavilion, named for Mississauga's sister city in Japan. The City's downtown parks guide also lists Scholars' Green (with ping-pong and chess tables and an outdoor fitness area), Community Common across from City Hall, the Living Arts Centre grounds and the Queen Elizabeth II Jubilee Garden.

For more space, the nearby Mississauga Valley park has walking routes along Cooksville Creek, sports fields and a community centre.

Jobs downtown

Downtown is Mississauga's civic and commercial centre. The City's Downtown Core plan places the highest concentration of existing offices in the Hurontario district, around Hurontario Street and Robert Speck Parkway, and the core also holds Square One Shopping Centre, City Hall, Sheridan College and the cultural venues. The plan also notes that office growth has lagged behind condo growth, which is one reason the City's 2026 vision adds a convention centre, hotel and offices. Trillium Health Partners' Mississauga Hospital is south on Hurontario, at the centre of the City's planned "Downtown Hospital" health district, and MiWay's 7 Airport route runs from the City Centre Transit Terminal toward Pearson.

Who Square One suits

• First-time buyers who want a condo with shops, transit and parks on foot, and who may qualify for the first-time buyer tax relief on new homes described below.
• Investors looking for rental demand from Sheridan students and downtown workers; with many completed towers, compare expected rent with carrying costs carefully.
• Downsizers who want City Hall, Celebration Square events and a large shopping centre within walking distance.
• Commuters who can use the Transitway, GO buses from the City Centre Transit Terminal or Highway 403.
• If you want to be next to a GO train station, or prefer an older neighbourhood with independent shops, look at our Cooksville guide. Families who need a yard will find more choice in low-rise parts of the city.

Rules every new-home buyer should know in 2026

• HST relief on new homes, for all buyers who will live there. For agreements signed between April 1, 2026 and March 31, 2027, Ontario's enhanced new housing rebate covers up to $80,000 of the 8% provincial HST, and the Ontario New Home Affordability Payment adds up to $50,000 toward the federal 5%: up to $130,000 in total. Relief is full up to $1 million, stays at the cap to $1.5 million and phases out by $1.85 million. The home must be your (or a relative's) primary residence.
• First-time buyers. The federal First-Time Home Buyers' GST rebate (law since March 2026) removes up to $50,000 of GST on a new home of up to $1 million, phasing out by $1.5 million, for agreements signed on or after March 20, 2025 and before 2031. The Ontario payment is reduced by any federal rebate you claim, so the two don't stack beyond the full tax.
• Investors who will rent the suite out don't get the primary-residence relief above; a separate rental-property rebate applies, so get tax advice before you sign.
• 30-year mortgages. Since December 15, 2024, insured mortgages can run 30 years for first-time buyers and for anyone buying a newly built home, and insured mortgages are allowed on homes up to $1.5 million.
• Deposit protection. Tarion protects condo deposits up to $20,000, and you get a 10-day cooling-off period on a new condo after you receive the signed agreement and disclosure statement. Check the builder's licence in the HCRA Ontario Builder Directory.
• Land transfer tax. First-time buyers can get back up to $4,000 of Ontario's land transfer tax (ontario.ca). Mississauga has no municipal land transfer tax.

This is general information, not legal, tax or mortgage advice. Rules change; check the linked official pages or ask us before you sign.

Talk to us

Tall Property tracks new condos and homes across Toronto and the GTA. Call us at 416-878-0749 or use the form on this page for price lists, floor plans, current incentives and VIP access to new launches. We'll also tell you honestly when a resale suite is the better buy.