City plans to significantly reduce development charges and other fees in response to the housing crisis.
Mississauga city council has approved a motion from Mayor Parrish that includes incentives to kick-start development and get more homes built quickly.
Effective immediately, the following incentives are available for shovel-ready projects that pull building permits before November 13, 2026:
- Reduce residential development charges (DC) by 50 per cent or by 100 per cent for family units (3-bedrooms) in purpose built rental apartments
- Defer and collect residential development charges at occupancy
The motion requests that the Region of Peel consider matching the DC incentives adopted by the City. In addition, to spur the creation of Mississauga rental housing, the motion calls on the Region to implement a new multi-residential tax subclass. This new tax subclass would reduce property taxes by up to 35 per cent for new purpose-built rental housing.
Council approved recommendations from the Mayor’s Housing Task Force. In its recent report, the Task Force concluded that very few new residential units will start construction in the next two years without these types of interventions. The report called on all levels of government to reform development charges, taxes and fees to help lower house prices and rents.
In 2024, new high-rise homes sales in the region were down 95 per cent with only 236 new sales recorded by the end of November. By cutting these charges – on a short-term basis – the City is aiming to address the housing crisis head-on by getting homebuilding back on track in Mississauga.
To help support the changes, the motion directs staff to explore all appropriate government funding including the provincial Building Faster Fund, the federal Housing Accelerator Fund and Canada Housing Infrastructure Fund.
As a longer-term solution, the city is calling on the provincial and federal governments to adequately fund growth-related infrastructure for municipalities and provide much needed funding for affordable housing.
In the coming months, staff will update and enact all necessary by-laws to support the housing incentives.
To learn more about the recommendations from the Mayor’s Housing Task Force, visit Mississauga.ca/housing-taskforce.
The price of an average home in Mississauga is approximately $1.4 million for a detached home or $600,000 for a condo. Average monthly rent is $2,500 (1-bedroom) or $3,000 (2-bedroom).