Mississauga is a quickly growing and multicultural city. Statistics Canada estimates that Mississauga now has 704,000 people, an increase of 150,000 from the previous decade and the population has roughly doubled in past twenty years. It is Canada's sixth-most populous municipality.

The city has one of the largest cluster of ethnic groups in Ontarion and Canada. Slightly less than 45% of the population speaks a language other than English, reflecting a large immigrant population. 46.61% of the population was not born in Canada. 40.20% of the population are members of a visible minority (non-white). 21.29% of the population is under 14 years of age, compared to those of retirement age; 8.51%. The median (middle) age in Mississauga is 35.0

The city is debt-free and has not borrowed money since 1978. With five major highways passing through the city, Mississauga offers access to major destinations in Canada and the United States. In addition, most of Toronto Pearson International Airport, Canada's busiest, is located in the city. Residents of the city are called Mississaugans.

Mississauga is home to more than 18,000 companies ranging from corporate head offices and industrial branch operations to corner store retail businesses, and including 50 of Canada's Fortune 500 such as Hewlett-Packard, Microsoft, Pepsico, General Electric, Fujitsu and Wal Mart. Approximately half or 9,000 of these businesses are in the manufacturing, product distribution or corporate sectors due to Mississauga's desirable location in southern Ontario, the Golden Horseshoe and Greater Toronto Area.

Mississauga has provided an ideal environment for small businesses. Many developers have built small multiple units which provide efficient and affordable accommodations for small companies. The economic stability of Mississauga is enhanced by thousands of small and medium-sized businesses. A large percentage of these employers have fewer than 50 employees.

Mississauga has been trying to create a distinctive image for itself over the past few years. An international architectural design competition was held in 2006 for a 50-story condominium tower that is intended to be a landmark for the city named Absolute World . 

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