Tag Archives: mississauga
Mississauga is quickly becoming one of the hottest places to move to in Canada.
Already the 6th largest municipality in the country, the once-quiet town is now a bustling metropolis in its own right
There are plenty of reasons for the cities growing popularity as a place to live. Here are just a few of the top ones!
1. Safe, Clean & Quiet
Compared to its bustling and dense neighbor to the East, Mississauga is much more sedate city!
The city has a mix of suburban and urban areas, but even downtown Mississauga is generally relaxed.
Crime rates in Mississauga are generally low, and residents consider it a safe place to live.
Coupled with the lower density, Mississauga has numerous parks and trails that also give the city a greener, cleaner vibe.
2. Proximity to Toronto
Mississauga is often considered a “best of both worlds” kind of city, and with good reason!
Since downtown Toronto is only a 25 minute drive away, residents of Mississauga get to live in a more relaxed neighborhood, yet enjoy virtually all of the benefits that Toronto has to offer.
This is also true for startups and business, which is why many of them choose to base themselves in Mississauga.
With good Highway & GO Train connectivity, commuting back and forth between the two cities is quite comfortable for most employees.
And of course, being close to Toronto Pearson International Airport also has its benefits, though of course that depends on how much you travel by air.
3. Shopping & Lifestyle
When it comes to shopping and lifestyle, residents of Mississauga don’t have to look any further than their own Square One Mall – the largest mall in Ontario, and 2nd largest in Canada.
Featuring over 300 stores and the biggest names in shopping, Mississaugan’s are spoiled for choice!
Aside for Square One, the city has a diverse food scene with numerous bars, restos and cafes in the Port Credit area.
4. Improving Public Transport
One thing that has always been a sore point for people living in Mississauga: underwhelming public transit within the city.
Few people would consider the city pedestrian- or biker-friendly, but thankfully that is changing.
The new Hurontario LRT will be adding a new way to get around the city, and in conjunction with the MiWay buses, getting around in Mississauga should get much easier without a car.
5. Reasonable Housing
Finally, a big reason many people choose to move to Mississauga is the comparatively more-affordable housing.
Although prices are definitely higher than they were a few years ago, both ownership and rental options in the city offer better value than Toronto.
Condos in particular are appealing to middle-income and first-time home buyers, and Mississauga has numerous projects currently in development.
The Final Word
Mississauga has so much to offer, and it’s no wonder that so many people seriously consider moving there.
If you’re one of them, and are looking to buy a new condo in Mississauga, check out these pre-construction condos listed our site. Or just give us a call, and we’ll help you find the perfect match for your requirements, and the best deal on your investment.
If you’re in the market for a new place to live, chances are you’ve considered Mississauga.
Once a quiet, residential town, Mississauga is rapidly becoming one of the hottest places to move to, thanks to the availability of good jobs, rapidly developing urban amenities, proximity to downtown Toronto, and the presence of relatively affordable housing.
As a result, many newcomers to Canada, young couples, and first time home-buyers are seriously considering Mississauga as a candidate for a new home.
Developers are rushing to capitalize on this demand. Condos, which are generally considered a great option for first-time buyers, are being built at an eye-watering pace across Mississauga.
With so much inventory coming to market soon, and with such strong demand potential, this makes it a great time to buy into a Pre-construction Condo in Mississauga.
Here are some of the most exciting condo projects on the horizon…
Location: 465 Burnhamthorpe Rd W, Mississauga, ON L5B 0E3
Starting From: High $300,000’s
Occupancy: Est. 2021
Types of Units: 1 BR, 2 BR, 3 BR
The newest addition to Parkside Village, Avia Condos by Amacon has a lot going for it. Located in Mississauga City Center, this 45-storey, 568-unit condo is located just minutes away from Square One – Canada’s second largest shopping mall. Boasting 91 walk-score and 83 transit-score, and in close proximity to the Art Gallery of Mississauga, Living Arts Center, and Mississauga’s Celebration Square, AVIA’s lucky residents will be able to enjoy a true downtown lifestyle.
As for the units themselves, we anticipate sizes ranging within 1 – 3 bedrooms + den. Each suite is expected to feature 9’ foot ceilings, floor-to-ceiling windows, open concept designs, and an expansive balcony and/or terrace.
Location: 21 Park St E, Mississauga, ON L5G 1L7, Canada
Starting From: $500,000’s
Occupancy: Est. 2021
Types of Units: 1 – 3 BR + Den Suites, 3 BR + Den Townhomes
Tanu Condos & Towns is a new 15-storey, 204-unit development by Edenshaw, located at Lakeshore and Hurontario, in the up-and-coming Port Credit neighborhood.
The Port Credit Go Station is just a short 4-minute walk away, while major roadways like Highways 401, 27, QEW, Hurontario St. and Lakeshore Rd. are also just minutes away.
Location: 5044 Hurontario Street (at Eglinton)
Starting From: $362,000
Types of Units: 1 – 2 BR + Den Suites
Perla Condos is the third part of the 10 tower Pinnacle Uptown project at the popular Hurontario and Eglinton Intersection. The two new towers will be 15 and 33 storeys, and will be home to 316 suites.
Situated in an up and coming uptown neighborhood, Perla offers residents easy access to restaurants, grocery stores, banks, transit stations & lots more.
Location: 26 Elm Drive West
Starting From: $349,900
Types of Units: 1 – 2 BR + Den Suites
Edge Towers is a three tower, 1200-unit project by Solmar Development in Mississauga City Center. The first phase of this project has now launched, with occupancy expected in 2020.
Residents will be just a few minutes walk from Square One, and will have easy access to two future Hurontario LRT stops. Residents will also be able to enjoy amenities like 24-hour concierge, Gym and Yoga studio, Rooftop terrace with fireplace, Games Room, Movie theater, and more.
Location: Burnhamthorpe Road and Confederation
Starting From: SOLD OUT
Types of Units: 1 – 2 BR + Den Suites
M City Condos is a master planned, $1.5 billion project of over 10 condos by Rogers Real Estate in Mississauga’s City Centre. M City Phase 1 and 2 – which includes a 60-storey tower, the tallest in Mississauga! – have just recently sold out, but registrations for M City phase 3 will be starting soon!
The Final word
If you’re in the market for a new condo – to live in or as an investment property – then Mississauga is a great place to look. But be warned, because there is a ton of competition!
To get ahead, Join our Insider’s Club – you’ll get access to floor plans and pricing before anyone else, along with VIP pricing and benefits.
For any questions, feel free to contact us.
Here are five simple to incorporate tips on giving your drab condo balcony a make-over:
No matter how big or small your balcony is, it is important to establish zone-specific areas in your balcony based on what you intend to do use it for. Some ideas include using L shaped sectionals for lounging areas, a bar8stool or table for eating / working, and a series of long beds for planting and outdoor gardening.
Add Colour and Texture with non-permanent flooring
Most condos nowadays come with unfinished concrete flooring, leaving you with many options for how you want to decorate. Easy to install wood inspired plastic floorings are both durable and easy on the eyes. Ikea and other major retailers sell these for as low as $2 per square foot. Installation is easy and requires no tools or other materials, simply snap them together like a jigsaw puzzle.
As some condos have restrictions on permanent changes to outdoor areas, these inexpensive, durable and non-permanent tiles are a great option.
Choose durable low profile furniture
Choosing low profile furniture means you won’t block your prized view while still enjoying a relaxing seating experience. Consider weather-resistant cushions with a high UV rating and ventilation slits to avoid sun and moisture damage. Acrylic is one mildew-resistant fabric that is long-lasting. Pillows made from similar materials will also resist natural wear and tear.
Bring the backyard to your condo
Incorporate elements form the backyard such as an umbrella or fireplace. For umbrellas, ensure that you can mount the umbrella somewhere (such as to the frame or railing of the balcony) to avoid the possibility of it flying off your balcony during high-winds.
Bring space to life with hardy zone appropriate plants
Adding a few hardy plants can breathe new life into your balcony. Green shrubs, vines and minature trees are great additions that will not only add a touch of nature to your city dwelling, but can also serve as privacy screens from your neighbours.
It is best to choose plants that grow well in your climate. For those living in Toronto, evergreen plants such as Topiaries, Upright Cedars, Junipers, and Dwarf Alberta Spruce, will do well during summer and for most of fall and winter. Be sure to bring these plants inside during the coldest weeks of the year.
Condo Prices 2016 Year in Review
2016 brought some of the most dramatic increases in home ownership costs in recent history. The fourth quarter of 2016 in particular saw an increase in condo sales by 22.3% and a decrease in new listings by 13.4% compared to last year.
What this means is that despite the increase in sales over last year, supply remains constrained by the almost 15% reduction in condo listings. Pre-construction developers can barely keep up with the demand as most projects with occupancy dates in 2017 and 2018 are already sold out.
The average condo price in the Toronto region saw a 14.5% increase over last year’s figures. This was also the first year where over-asking sale prices for condos became a thing. The average sale to list price in the Toronto and Mississauga market were at 99% or 100%
Less time on the Market
Condos on average were also spending less time on the market. With same day sales becoming a reality for many home owners. In the fourth quarter of 2015, the average home would spend 33 days on the market before it sold. In 2016 this number has gone down to 23 days on the market.
Condos are the Future
The average detached home in Toronto now sells for about $1.4 Million, a staggering 27% increase over last years figures. The average detached home in Mississauga sells for about $750,000.
All low-rise home segments saw over 100% sale to list price ratio, meaning multiple offers and high competition are the new norm.
With no sign of prices slowing down, condos have become an attractive option for first time home buyers, many of which can no longer afford single family low-rise homes. While detached and semi-detached homes saw the highest price increases, condos saw a more controlled growth at a modest 15%.
Forecasts have marked 2017 as a year of similar growth, with expected condo price increases of 10-12%.
Rentals are the Future of Condo Investment
Competition between renters increase in 2016. The number of condos listed for rent was down almost 15%. Average days on market
The number of condominium apartments listed for rent in the fourth quarter of 2016 was down substantially (-14.2 per cent) compared to Q4 2015. This lack of inventory was at the root of the dip on rental transactions (-5.8 per cent).
The average one-bedroom rent for the TREB market area as a whole was up by 7.4 per cent on a year-over-year basis to $1,776. The average two- bedroom rent was up by 8.0 per cent to $2,415.
Given these trends, many buyers are now purchasing condos with the intent to rent them out as a short term investment, and then sell them down the line in a couple of years.
The bottom Line and forecast for 2017
If you take away anything from this article it should be the following:
- Home and Condo prices across the board have been rising over the past couple of years. Many home buyers who are on the fence or waiting for prices to settle down should be warned, as prices are not going back to 2016 or 2015 levels. At least not anytime soon. All indicators point to a continuing rise in home prices for 2017.
- As more buyers are priced out of detached, semi-detached and town-home houses, many are turning to condos as an affordable alternative. This means that your average condo will have a much wider appeal than a detached home simply due to the fact that more people can afford it. This translates to a wider audience when you list your condo for sale.
- Those same income earners who could afford condos five years ago are now finding themselves renting instead as they are unable to afford the increasing condo prices. What this means for any condo investor is a continuing increase in rental demand, which will continue well into the next couple of years.
We hope you found this assessment both honest and informative. Please be sure to follow us on Facebook and Instagram for up to date Condo information around the GTA.
Search for Condos in 3 Easy Steps
We are excited to announce the launch of our brand new spanking website, designed from the ground up to make the condo shopping experience as smooth and hassle free as possible.
The aim of this post is to orient you to our new website, teach you how to use the powerful search and e-mail tools built-in to the website, and walk you through the process of searching for your dream condo at Condosky.com
Searching for a Condo… First things first
When you first land on our page you will be greeted by our homepage, with its striking blue banner and search bar.
The easiest way to shop would be to type in a search term and see what comes up. Why don’t we try running a search and seeing what comes up?
Since moving to the waterfront, I’ve been really digging the lakefront lifestyle, so I think I will search for something that is on the water. I’ll try typing “waterfront” and see what comes up.
Condo Search Results Page
Success! It seems our search function is working as expected. At this point you can scroll down to get a glimpse of the projects listed.
Condo Project Summary
Each project summary will include:
- the name of the project
- its current construction status (on the top right corner)
- the builder
- Starting price
- and expected occupancy
Clicking on any of these fields (with the exception of price) will show you results matching that field. For instance if I click 2019, I will be presented with a list of condos with an occupancy in 2019. If I click on Toronto, I will see a list of condos in Toronto. Easy as pie, right?
Our simple 3-step-search
If you still need to do more filtering, simply click on the Orange Magnifying Glass and filter using our simple 3 step process:
In this case I am looking for condos in Toronto, that are in pre-construction, with expected occupancy dates of 2018, 2019, and 2020+. You can mix and match any of these options to find what you are looking for.
Now, getting back to the search… If you find yourself too busy to read up on the individual condos, and just want to save this list for later, you can use our handy e-mail feature to e-mail a list of your search results. Once you click submit, we will send you an e-mail with links to each project on your search results page.
It’s all in the details…
Now that you’ve narrowed your search down, you are ready to delve deeper into the mysteries of each condo. Clicking on a project will take you to a more detailed page. Here you will find a summary of the project, renders, details, videos, a list of the condo amenities as well as a google map, complete with walk, transit, or bike score if available.
Viewing the Floor plans
Clicking on the Floor Plans button will grant you access to available plans, sorted by type of unit. You can click view to browse through these floor plans. If you find the floor plans are too small to fully appreciate you can also maximize them.
If you think you’ve learned enough and are ready to take the next step, simply register for more information. Registering will grant you access to important information about the project that is not available on our website.
Narrow down your choices using the Bed Room Types filter. Let us know if you prefer a low, medium, or high unit (or leave it blank if you’re undecided) and select the floor plan(s) that you are most interested in. Once you’re done, you can leave us a note in case you have any questions, or preferences you want to make clear. Hit submit and you’re done.
At this point, one of our friendly and knowledgeable agents will get in touch with you to help you to answer any questions you may have and to help you sort through the finer details.
And that’s it!
Congratulations, you’ve just registered for your first condo on Condosky.com. We hope the experience was as exciting and seamless as we envisioned it. Be sure to keep an eye on this blog for market updates, condo news, investment analysis, DIY home projects, and so much more.