Why Buy a Condo in Mississauga?

Located on the shores of the lake Toronto, Mississauga is a young and vibrant city in the Canadian province of Ontario. Home to Toronto Pearson International Airport, Canada’s busiest airport, Mississauga is often regarded as the ‘Gateway to Canada.’

In the last thirty years or so, Mississauga’s population has grown fourfold, thanks to rapid economic development and booming real estate industries. With more and more investments being made, the number of condos in Mississauga has increased, attracting even more people to Mississauga.

Thanks to the rapid development of condos in Mississauga, it has become Canada’s sixth largest city in terms of population. The new condos developed or being developed in Mississauga are everything you could imagine. These Mississauga condos are packed with amenities that take improve the quality of your life, and many of them enjoy enviable locations.

Mississauga: The City that Only Looks Forward

Economically, Mississauga is one of the most important parts of Canada, thanks to its proximity to Toronto. A massive number of people in the second half of the 20th century migrated to Mississauga in search of new opportunities, and it didn’t disappoint them one bit.

Mississauga is home to more than 55,000 businesses, over 400,000 employees, 1,300+ multinational firms and 61 of Fortune 500 companies. The economic significance of Mississauga has kept on rising, and the best part about investing or buying a condo in Mississauga is that it’s still in the growing phase, despite all its prosperity. The average total household income in Mississauga is $105,462, well above the national average of $92,764.

‘Bright’ is the word, as far as the future of Mississauga’s economic development is concerned. Investment from the private as well as from the public sector is set to boost the thriving economy of the city, making this a fantastic time to buy a condo in Mississauga.

Average Condo Price in Mississauga

The average index selling price of a pre-construction condo in Mississauga continues to rise. Compared to 2016, it rose from 12% to 14%. The price per square foot is $580. The average selling price of pre-construction condo reached $342,900.

When it comes to the average resale condo price in Mississauga, the rise in price has been pretty noticeable. In 2017, the average price of a resale condo in Mississauga was $375,00 – rising 26.3% compared to the previous year.

Getting Around in Mississauga

When it comes to getting in and around Mississauga, you get plenty of options to choose from Whether it’s rail, subway, bus or road; the city is well connected from all fronts. As far as the rail is concerned, Mississauga has three major railway lines passing through it. GO Transit provides the facility of commuter rail service. They offer all-day service along the Lakeshore West line, while the Kitchener and Milton lines serve commuters going to and from Toronto’s Union Station during rush hours.

MiWay, Mississauga’s public bust transit service, serves more than 90 routes across the city. It also connects to the commuter rail with GO Transit as well as with Brampton Transit, Oakville Transit, and the Toronto Transit Commission (TTC).

Mississauga Transitway, a 12-station busway built recently, is a devoted travel path running parallel to Interstate 403 and north of Eastgate Parkway. It also connects to the Kipling subway station in Toronto.

Moving forward, the government has some big plans for making Mississauga more accessible. The government has planned to develop an LRT line along Hurontario Street stretching from Port Credit to southern Brampton, and possibly to Brampton’s downtown. The construction of which is set to begin in 2018.


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