Why Should You Invest In Mississauga Real Estate
Mississauga has developed an urban skyline of its own, making it a great place to live. A boom in the construction industry has increased the sales of new condo units within its borders. The city is often called the Gateway to Canada, due to it being the home of the countrys largest airport, Toronto Pearson International, which sits in the North Eastern corner of the city. It has access to major rail corridors and three of the busiest highways in the country, which connect to the rest of the Greater Toronto Area.
Mississauga is a key national economic centre, second only to downtown Toronto as Canadas largest employment centre, an incredible feat that can be largely attributed to Canadas busiest airport, Pearson International Airport.
Processing some 47 million passengers in 2017 and responsible for handling almost half of all of Canadas air cargo, Pearson is a major economic driver for Mississauga. Recognized for contributing as much as 6.3 percent towards the provincial Gross Domestic Product, this single entity is responsible for directly employing 49,000 workers and indirectly facilitating the employment of another 300,000 jobs throughout the province.
As bright as its future may be, Mississaugas strong economy is already full of employment opportunities.
Mississauga Real Estate Market
Whether you’re interested in viewing Mississauga real estate or homes for sale in any of your favorite neighborhoods: City Centre, Hurontario, Erin Mills, Clarkson, Cooksville, Churchill Meadows you’ll find what you’re looking for. Currently on Mississauga real estate marked listed 650 single family homes for sale with price range from 1$ to 13,890,000$ with average price 1,574,119$ for 4 bedroom houses.
Average Condo Price For Mississauga
The average rental rate for the City of Mississauga is presently $2,200. This is in addition to a rental appreciation rate of 3.9% for the past 10 years. The demand for condos is still strong here as the vacancy rate currently sits at 0.8%.
The average price per square foot for all pre-construction home types, in Missiissauga is $890. And the average pre-construction appreciation rate for the past 10 years has been 7.6%.
The average resale price for all home types in the City of Mississauga is presently around $881,769. The average resale appreciation rate for the past 10 years has been 8.1%.
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Mississauga Real Estate Homes For Sale In Mississauga
Mississauga is considered to be the sixth most popular municipality in Canada. It is home to Toronto International Airport as well as some of the major industries in Canada like pharmaceuticals, electronics and computers, banking, aerospace and etc. Mississauga’s housing options are limitless.
Expand your Mississauga real estate search by type , value or bedroom. Check fresh MLS® listings in Mississauga.
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Welcome To A Great First Time Buyer/Investor Opportunity, This End Unit 2 Storey Condominium, Located In South Mississauga, Clarkson Village, Close To Clarkson Go Station, Public Buses, Schools, Shopping, Grocery, Coffee Shops, Famous Restaurants, Parks, Trails, Very Close To Lake Ontario. …
Spacious 3 Bedrooms Plus Den, 3 Washrooms In The Desirable Clarkson Neighbourhood. The Main Level Feautures Laminate Floors Throughout, Open Concept Living/Dining Room & Kitchen W/Stainless Steel Appliances. Indoor Sea Salt Pool, Gym & Kids Playground Outside. Walking Distance To Clarkson Go …
Welcome To 2315 Bromsgrove Rd. A 3 Bedroom And 2 Bathroom Beautifully Renovated Townhouse. The House Is Very Spacious, Luxurious, And Bright. This Home Has A Cozy Fireplace, High Ceilings, A New Kitchen With A Quartz Countertops, A Big Island, Appliances, Pot Lights, And Many More Great Features …
Accessibility / Getting Around
There are many different transit options that are affordable and convenient ways of commuting within Mississauga. Presto is a GTA-wide, electronic fare card for public transit and is useable on all MiWay buses. All MiWay buses are kneeling buses equipped with ramps that allow passengers to board and exit the bus with ease. There are two wheelchair/scooter securement areas located on the front of each bus, .
GO Transit, has various stops at Clarkson, Cooksville, Dixie, Erin Mills, Erindale, Lisgar, Meadowvale, Port Credit, Square One and Streetsville.
Mississauga Transitway, is a dedicated transit passageway running parallel to highway 403 and north of Eastgate Parkway. It will provide east-west bus service supporting thousands of riders per day. It will offer a more dependable service by allowing buses to bypass congestion as they travel on a dedicated corridor, helping you get where you need to go faster.
The city is moving forward with the new construction and incorporation of the Hurontario LRT. The first phase of the transition begins with about half a dozen route changes. Ultimately about 45 of Mi-Ways 85 routes will be affected. Straightening of the routes is part of Mississaugas five-year plan. Once the grid is more streamlined, the payoff will be quicker and more reliable trips with longer service hours.
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Browse Mississauga Real Estate Listings By Property Type
- House4 bds , 3 bths$1,975,000
- House3 bds , 3 bths$1,425,000
- House5 bds , 3 bths$1,119,000
- House5 bds , 3 bths$1,119,000
- Condo2 bds , 2 bths$949,900
- House3 bds , 3 bths$899,900
- House3 bds , 3 bths$899,000
- Condo2 bds , 2 bths$655,000
- House4 bds , 4 bths$1,375,000
- House3 bds , 2 bths$1,299,900
- Condo4 bds , 2 bths$1,280,000
- House4 bds , 4 bths$1,150,000
- Townhouse3 bds , 3 bths$899,900
- Townhouse3 bds , 3 bths$879,900
- Townhouse3 bds , 2 bths$849,999
- House3 bds , 2 bths$799,000
- Condo2 bds , 2 bths$785,000
- Condo3 bds , 2 bths$699,000
- Condo3 bds , 2 bths$694,000
- Condo3 bds , 2 bths$650,000
- Condo2 bds , 1 bath$589,900
- Condo3 bds , 1 bath$589,900
- Condo1 bed , 1 bath$564,900
- House3 bds , 3 bths$1,099,000
- Condo2 bds , 2 bths$694,000
- Condo2 bds , 1 bath$619,000
- House7 bds , 5 bths$1,999,999
- House5 bds , 4 bths$1,895,000
- House7 bds , 6 bths$1,699,000
- House3 bds , 2 bths$1,499,000
- House4 bds , 3 bths$1,399,000
- House5 bds , 3 bths$1,299,000
- House3 bds , 3 bths$1,199,900
- House4 bds , 3 bths$999,900
- Townhouse5 bds , 4 bths$955,555
- Condo3 bds , 2 bths$825,000
- House4 bds , 3 bths$800,000
- Townhouse3 bds , 3 bths$769,000
- Condo2 bds , 1 bath$629,000
- House3 bds , 1 bath$5,200,000
- House6 bds , 6 bths$4,999,900
Mississauga New Construction Real Estate Market
There are 68 new home developments in Mississauga, a mix of high-rise and low-rise that are planned, under construction or recently completed. Of these, 41 are condo developments, with 6610 units currently under construction. There are 15 townhouse developments and 12 single family home developments in Mississauga, and the median price per square foot for a low-rise home is $569. The most active developer in Mississauga is City Park Homes. Find your new construction home in Mississauga by browsing the map, or using the filters above. Filter results based on Mississauga homes condo, townhome or house building type, number of bedrooms or price. More filters are available on the map. Save your search to receive updates on Mississauga new home inventory that meets your criteria.
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Homes Under $400k For Sale In Pickering On
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Economic Overview & Outlook
The city has over 60 of the Fortune 500 companies headquartered in its city limits. These companies base their global and Canadian corporate offices in this city. The powerhouse industries are banking and finance, electronics and computers, Aerospace, transportation parts and equipment industries. Mississauga plays a vital role in the regions economy and is a central hub for global banking activities.Over the next 10 years, the city plans on leveraging its globally recognised economy to meet the demands of the internationally knowledge-based economy. The city will focus more on measuring its economic success based on a global perspective. The outlook seems to be that the economy should remain vital and a source of international attention in the coming years.
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Property Types In Mississauga On
In addition to 665 Houses in Mississauga, we also found 456 Condos, 177 Townhomes, 121 Commercial listings, 9 Vacant land listings, 2 Duplex listings. Research Mississauga real estate market trends and find homes for sale. Search for new homes, open houses, recently sold homes and reduced price real estate in Mississauga. Each sale listing includes detailed descriptions, photos, amenities and neighborhood information for Mississauga. As always, while you browse the Mississauga real estate below, if you have any questions, please don’t hesitate to click the Contact Agent button when viewing the details of a property.
Mississauga On Real Estate
In Mississauga, around 40% of buildings are single detached homes, whereas the remainder are mainly large apartment buildings and townhouses. Roughly 30% of properties in this city were constructed between 1960 and 1980, while the majority of the remaining buildings were built in the 1980s and the 1990s. This city offers mainly four or more bedroom and three bedroom homes. Roughly 70% of the units in the city are occupied by homeowners and the remainder are rented. Read more about Mississauga real estate
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Detached Home Prices Have Tumbled Over $400k In Brampton And More Than $350k In Mississauga Since January
Graeme Frisquetimer
Detached home prices in Brampton and Mississauga have fallen dramatically since January, wiping out nearly all the gains seen in the frenzied uptick in the second half of 2021.
According to the Toronto Regional Real Estate Boards latest for June, the average sale price for detached home has fallen 24.6 per cent in Brampton and 18.3 per cent in Mississauga since peaking at record highs six months ago.
The average price for detached units in Brampton dropped from $1,652,088 in January to $1,245,243, marking a $406,845 decline. Year over year compared to June 2021, the average price remained up by $48,736 or 4.1 per cent.
Likewise, in Mississauga, while remaining up year over year by 3.5 per cent compared to June 2021, the average detached home price has tumbled by $358,580 to $1,605,497 since its January peak of $1,964,077.
Sales for detached homes in Brampton and Mississauga have also fallen dramatically over the past year. Brampton saw 594 detached homes exchange hands in June 2021 compared to just 271 last month a 54.4 per cent year-over-year decline in sales.
TRREB registered 374 detached home sales in Mississauga in June 2021 compared to 207 the same month this year a 44.6 per cent drop.
TRREB pointed to the Bank of Canadas decision to raise its overnight lending rate by 1.25 basis points between March and June as the reason for the drop in sales and prices.
Average Price For Brampton Real Estate Down 22 Per Cent Since January Peak
Expect current market conditions to remain in place during the slower summer months, he added.
The downward pressure on sales and prices across the GTA will likely continue after the Bank of Canada announced another increase of one full basis point on July 13, bringing its overnight lending rate to 2.5 per cent as it continues to try to rein in soaring inflation.
That represented a 2.25 per cent hike compared to the BoCs benchmark rate of just 0.25 per cent that had remained in place since the start of the COVID-19 pandemic.
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Tips For Buying A Home
The first, and arguably the most important step, is selecting the right agent to represent you. Your agent should do much more than find and show you properties. The best agent for a first-time buyer in Toronto is one who understands the unique complexities of your neighbourhoods market. They can inform you on the best negotiation practices and offer strategies that will help you come out on top in a bidding war. Theyll also be a helpful resource for connecting you to the right professionals, like mortgage brokers, movers, and lawyers, that will make your purchasing experience more seamless. This team of professionals will be invaluable for you when it comes to financing your purchase and can even help you navigate first-time buyer incentives. Understanding the stages of buying is another thing prospective buyers can do to set themselves up for success. There are a lot of moving parts when it comes to buying a home, so its a good idea to get familiar with the different stages of buying a property before you get started. For a more in-depth guide on how to purchase a property from start to finish, you can download our Home Buyers Guide here.
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*Cash back How the Home Buying Service cash back works: FairSquare Group Realty will share with the buyer the commission it receives from the sellers agent up to a maximum of $2,000 in cash back. No cash back if the commission received is lower than $5,000. Where available.
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Data is deemed reliable but is not guaranteed accurate by OREB, TRREB, RAHB, WECAR and SREB, as the case may be.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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