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Mississauga incorporated in 1974, is a city in Southern Ontario located in the Regional Municipality of Peel, and in the western part of the Greater Toronto Area. With a population of just over 700,000, it is Canada's sixth-most populous municipality, and has almost doubled in population in each of the last two decades. Mississauga's growth reached a peak between the census years of 1986-1991, with the largest population growth in Canada (89,500). Sustained population growth has continued since, but at a somewhat slower pace. Mississauga is now the fourth most populous city on the Great Lakes, surpassing both cities of Milwaukee and Cleveland over the last decade. As a suburb, Mississauga's growth is attributed to its proximity to Toronto.
Primarily recognized as being a large suburb, Mississauga has been trying to create a distinctive image for itself over the past few years. It held an international architectural design competition in 2006 for a 56-story condominium tower, to be called Absolute World, that is intended to be a landmark for the city. The city is debt-free and has not borrowed money since 1978. Mississauga may have to borrow money to build new capital projects in 2012.
With five major freeways passing through the city, Mississauga offers quick access to major markets in Canada, in addition to large markets in the Northeastern and Midwestern United States. Toronto Pearson International Airport, Canada's busiest is located in the city. Residents of the city are called Mississaugans. Mississauga has one of the largest corporate/financial districts in Canada with major international companies having their Canadian headquarters located in the region including Hewlett-Packard, Microsoft, Pepsico, General Electric, Heidelberger Druckmaschinen, Fujitsu, Wal-Mart Canada and Intuit Canada among many other Fortune 500 companies.