Park Royal

Neighbourhood in Mississauga · Ontario · Population 8,552

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Approximate boundaries

Mississauga doesn't publish neighbourhood boundaries, so AreaScore draws from the Census areas nearest where the name is placed by Natural Resources Canada, Wikidata, OpenStreetMap or AreaScore's own research. The outline follows Census lines and may not match how residents draw it. Figures marked city-wide are for all of Mississauga.

Housing and jobs

Housing costs, rents, incomes and jobs in Park Royal, with comparisons and sources.

Affordability

22 · Below average

Average monthly rent$1,458/month

Mississauga: $1,650/month · Canada: $1,209/month · 2006: $1,147/month (estimated) · 2016: $1,289/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,491/month

City-wide figure for Mississauga · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,761/month

City-wide figure for Mississauga · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,045/month

City-wide figure for Mississauga · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,294/month

City-wide figure for Mississauga · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3%

City-wide figure for Mississauga · CMHC, 2025

Median dwelling value (owner-estimated)$815,233

Mississauga: $900,000 · Canada: $472,000 · Estimated · 2016: $548,656 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing27%

Mississauga: 28% · Canada: 20.9% · 2006: 30.2% (estimated) · 2016: 30.5% (estimated) · Statistics Canada, 2021

Economy

8 · Poor

Median household income$96,580

Mississauga: $102,000 · Canada: $84,000 · Estimated · 2006: $84,273 (estimated) · 2016: $83,230 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)-0.5%

Canada: 5.2% · City-wide figure for Mississauga · Statistics Canada, 2021

Unemployment rate15.1%

Mississauga: 14% · Canada: 10.3% · 2006: 6.6% (estimated) · 2016: 7.1% (estimated) · Statistics Canada, 2021