Question 1

How much does it cost to buy a home in Mississauga?

Accepted Answer

The average home price in Mississauga varies by neighbourhood and property type. As of 2025, detached homes average around $1.2M–$1.5M, while condos start around $450K–$600K. Beyond the purchase price, budget for closing costs including land transfer tax, legal fees, home inspection, and title insurance—typically 1.5%–4% of the purchase price.

Question 2

Do I need a real estate agent to buy a house in Ontario?

Accepted Answer

While it's not legally required, having a buyer's agent is highly recommended. In Ontario, the seller typically pays the buyer agent's commission, so working with an experienced agent like Joe Battaglia costs you nothing. A buyer's agent provides market expertise, negotiation skills, access to listings, and guidance through the legal paperwork.

Question 3

How much do I need for a down payment in Canada?

Accepted Answer

In Canada, the minimum down payment depends on the purchase price: 5% for homes up to $500,000, 10% for the portion between $500,000 and $1,499,999, and 20% for homes $1.5M and above. If your down payment is less than 20%, you'll need CMHC mortgage insurance. First-time buyers may also qualify for the First-Time Home Buyer Incentive or the Home Buyers' Plan (HBP) to withdraw from RRSPs.

Question 4

What is the home buying process in Ontario?

Accepted Answer

The typical home buying process in Ontario involves: 1) Getting pre-approved for a mortgage, 2) Working with a real estate agent to search for homes, 3) Viewing properties and attending open houses, 4) Making an offer (with or without conditions), 5) Completing a home inspection, 6) Finalizing your mortgage, 7) Working with a real estate lawyer for closing, and 8) Receiving your keys on closing day. The entire process typically takes 30–90 days from accepted offer to closing.

Question 5

What are the closing costs when buying a home in Ontario?

Accepted Answer

Closing costs in Ontario typically include: Ontario Land Transfer Tax (0.5%–2% of purchase price), Toronto Land Transfer Tax (if applicable), legal fees ($1,500–$2,500), title insurance ($300–$500), home inspection ($400–$600), property tax adjustments, and moving expenses. First-time buyers in Ontario may qualify for a land transfer tax rebate of up to $4,000.

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