Rents decline but still unaffordable in Mississauga

Rents in Mississauga have declined but remain unaffordable, with the city ranking as the fourth most expensive rental market in Canada. The average asking rent for a one-bedroom apartment is $2,279, down 1.2% from October and 1.9% year-over-year. Two-bedroom apartments average $2,736, reflecting a 3.4% decrease from last year. Despite recent declines, rents are still 6.7% higher than two years ago. The overall trend shows a mild decline, primarily in the secondary market, while purpose-built rents remain stable.