New condos in Mississauga are popping up all the time. So it really depends on what’s available and what you’re looking for in a neighbourhood.
But with so many real estate options – whether it’s a new condo, new townhouse or new property development in Mississauga, you might be asking yourself what’s the right one for me? Well, the best place to start is why the city of Mississauga? As Ontario’s third largest city with only Ottawa and Toronto having a greater population, Mississauga has a ton to offer. Its population is expected to reach 812 000 people by 2031, so the real estate market will only grow too. Mississauga is also home to Canada’s largest airport, the Pearson International Airport. The city is sitting next to Lake Ontario, so it has waterfront amenities and condo units available as well.
Since Toronto shares is westernmost border with Mississauga, new condos and development properties will still be nearby even if the downtown lifestyle and urban traffic is not for you. Mississauga has so much to offer when it comes to new construction condos for sale and new townhomes in development. Mississauga’s three most desirable areas for new condos are the Square One area (which is where the second largest shopping centre in Canada is located), Port Credit, and Erin Mills.
Celebration Square in Square One is used throughout the year to hold different festivals and events like the Mississauga Rib Fest, New Year’s Eve Bash, outdoor skating and so much more. It’s a great area to consider for your new Mississauga condo. It has available access to 401 highway and GO transit. The area of square one almost has a feeling of a city-within-a-city. Almost everything that you would need on a daily basis is available with just a short walk away. It will also be home to M City condos, the tallest tower set to be the biggest development in Mississauga and to challenge Absolute Condos as Square One skyline icon.
In a few years time, a new LRT system development will be put in place travelling on Hurontario St. that connects Square One to Port Credit. There are a great deal of Mississauga new condos and developments that will take advantage of this Hurontario LRT construction. The Lakeside Community is also undergoing a huge evolution in the real estate market, with several new condos in Port Credit that will undergo construction. It is estimated that over 15,000 new condo units will be available in the area and some of those new condo developments are being built by incredibly desirable developers. With these development condos for sale, Port Credit will be Mississauga’s place to live. It’s littered with some of the best restaurants Mississauga has to offer, along with the Mississauga Waterfront Festival. It’s definitely a worthy location of your new home.
The third area that’s undergoing a large growth is Erin Mills, with the mall at its Center (Erin Mills Town Centre) there are new condo buildings and real estate projects that are in the development stage. Imagine it as a younger version of square one with vast plans in the future to increase its capacity and desirability. One of the benefits of new Erin Mills condo units is its price is slightly lesser then Port Credit, but in a few years it is estimated that prices will catch up with other available Mississauga condos. Erin Mills is located just north of the 401. In the area is also Credit Valley Hospital and it serves the community of North Mississauga, Meadowvale, Streetsville, Erin Mills and the areas around.
For new condos in Mississauga, those are the three best options available, each a little different from the last. It all depends what you’re looking for. We always recommend looking at a list of units that are closest to where you work. Erin Mills and Square One both are slightly disadvantaged if you plan on taking the GO train. It offers a not-so-extensive schedule and the trains don’t come as often. However if you plan accordingly that shouldn’t be too much of an issue and with the eventual coming of the LRT on Hurontario St. that should help with any downtown Toronto commute. All three areas have relatively quick and easy access to the highways for quick east or west bound travel. Port Credit is near the QEW which is the south most highway and get you directly into the core of the city. Condo units in Square One or Erin Mills have easy access to the 401, which compared to the QEW is a much larger highway, but travels through the northern part of Toronto.