Malton: Mississauga's Lowest Home Prices — What the Airport Tradeoff Actually Costs You
Malton sits directly beside Pearson International Airport, and that proximity is the single biggest reason it has the most affordable housing stock in Mississauga. The math is real — but so is the noise, the industrial neighbours, and a job market built on warehousing and logistics rather than office towers. Here's the honest cost-of-living picture for L4T.
Malton is bounded roughly by Highway 427, Finch Avenue, and the Etobicoke border in Mississauga's northeast corner, with Toronto Pearson International Airport sitting partially inside its boundary. The neighbourhood developed through the 1960s and 70s around aviation and manufacturing employment — de Havilland Canada (later Bombardier/de Havilland Aircraft of Canada) has operated a major plant here for decades — and that industrial backbone still shapes Malton's economy today: warehousing, logistics, air cargo, and light manufacturing dominate the local job base far more than the office and retail employment found in City Centre or Erin Mills.
That industrial character is exactly why Malton carries Mississauga's most affordable housing stock. Zolo's current market data puts Malton's average home sale price at roughly $802,295, well below the city-wide average near $982,710 — and the Property Tax 2026 ward breakdown places Malton's typical MPAC assessed range ($350K–$580K) at the bottom tier of all 11 Mississauga wards. For a buyer priced out of Streetsville or Port Credit, Malton is one of the few remaining entry points into Mississauga home ownership under $850K.
| Neighbourhood | 1-Bed Apt / mo | Avg. Home Price | Transit Access |
|---|---|---|---|
| Malton | ~$1,395–1,850 | ~$802K | Malton GO — on-site, Kitchener line |
| Cooksville | ~$2,199 | Among city's most affordable core | Cooksville GO + future LRT |
| Churchill Meadows | ~$1,600 | ~$953K (detached) | MiWay only — no GO station |
| Streetsville | ~$1,625–3,250 | ~$1.0M–1.18M | Streetsville GO — on-site |
| Mississauga City Avg. | ~$2,025–2,300 | ~$982,710 (all-type avg.) | Varies |
Sources: Zumper rent research — Malton (April–June 2026), RentCafe Malton listings (June 2026), Zolo Malton & Mississauga market reports (May–June 2026). 1-bed range reflects RentCafe's active listing spread; Zumper's all-unit-type median ($2,240) is higher because it includes larger units.
What shapes the cost of living in Malton
- Postal code L4T covers Malton and the portion of Toronto Pearson International Airport that sits within Mississauga's boundary
- Malton GO Station offers direct service on the Kitchener line — a genuine transit asset that doesn't carry the price premium seen in Streetsville or Port Credit
- Average home sale price of roughly $802,295 is among the lowest of any Mississauga neighbourhood, well below the citywide average near $982,710
- Ward 5 (Britannia Woods & Malton) has the lowest typical MPAC assessed range of the city's 11 wards — $350K–$580K — which directly lowers the annual property tax bill
- About 77% of Malton households own and 23% rent; median rent across all unit types runs close to the citywide figure despite much lower home prices, a gap worth factoring into a buy-vs-rent decision
- Employment base is concentrated in aviation, logistics, warehousing, and light manufacturing rather than office or retail — de Havilland Canada's aircraft plant has operated in the neighbourhood for decades
- Proximity to Pearson means real, documented noise and air quality tradeoffs in parts of the neighbourhood closest to runways and cargo facilities — factor this into any property visit, not just the listing price
- MPAC assessments remain based on Jan 1, 2016 values — in a lower-priced market like Malton's, this generally works in homeowners' favour relative to current resale values