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 neighborhood.
But with so many real estate options for occupancy – whether it’s a new condo, new townhouse, or new property development, you might be asking yourself, what’s the right one for me? Well, the best place to start is the city of Mississauga.
Basic Things About 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. Its population has actually grown from 172 000 people to more than 721 000 in the past 30 years.
Mississauga is home to Canada’s largest airport, the Toronto Pearson International Airport. This international airport lets the public travel outside Canada, which is useful if you’re always going from country to country. The city is sitting next to Lake Ontario, so it has top-notch waterfront amenities and condo units available.
Since Toronto shares its westernmost border with Mississauga, new condos and development properties will still be nearby even if the downtown lifestyle is not for you. Mississauga has so much to offer when it comes to new construction condos for sale and new townhomes in development. The three most desirable areas for a new condo in Mississauga are the Square One district [1] (which is where the second largest shopping center in the country is located), Port Credit, and Erin Mills. Occupancy is high, and low-rise condos are almost always full, and sales are booming.
Interesting Details About the Area
Celebration Square is used throughout the year to hold different public festivals and events like the Mississauga Rib Fest, New Year’s Eve Bash, outdoor skating, and more. It’s a great area to consider for your new condo occupancy. It has available access to 401 highway and goes in transit. The area almost has a feeling of a city within a city. Almost everything you would need daily is available with just a short walk or drive. It will also be home to M City condos, the tallest tower to be the biggest development in Mississauga, and challenge Absolute Condos as Square One skyline icon.
A new LRT system development is coming soon in this part of Canada, traveling on Hurontario St. There is 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 the developer constructing several new condos for occupancy.
It’s estimated that over 15,000 new condos will be available for occupancy in the area, and some of those new condo developments are being built by incredibly desirable developer groups. We can only expect condo prices and sales to rocket.
With these new condos for sale, Port Credit will be Mississauga’s ideal living place. It’s littered with some of the best restaurants Mississauga has to offer, along with the Mississauga Waterfront Festival. With condos having a lower price than neighboring cities, it’s a worthy location for your new home, whether you want to invest in a low-rise or a tower with many stories. If it’s the latter, you have the Canopy Towers at 34 stories and Square One District Tower at 48 stories.
The third area in GTA undergoing 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 coming soon for occupancy in this part of the city. Imagine it as a younger version of Square One with vast plans to increase public desirability and sales. One of the benefits of the new Erin Mills condo units is its average price is slightly lesser than the sales in Port Credit. Still, in a few years, it’s estimated that condo prices will catch up with other Mississauga condos available for occupancy. As such, sales will surge too. In the area is Credit Valley Hospital, serving the community of North Mississauga, Meadowvale, Streetsville, Erin Mills, and the areas around.
Considerations for Getting Your New Condos
For condos Mississauga has to offer, those are the three best options available for occupancy, each address a little different from the last. We always recommend looking at a list of units that are closest to where you work.
Erin Mills and Square One are slightly disadvantaged if you plan on taking the train all the time. It offers a not-so-extensive schedule, and the trains don’t come as often. However, the eventual coming of the LRT on Hurontario St. should help with any downtown Toronto commute. All three areas have relatively quick and easy access to the highways for quick east or westbound travel. Condo units in Square One have easy access to the 401, which, compared to the QEW, is a much larger highway. As such, high and low-rise condos in this area are great choices for occupancy.
Getting in and out of your new Mississauga condo
Being beside the largest city in Canada has its benefits. Two different train lines cross through Mississauga, the Lakeshore West line, which stops every 30 minutes. However, there is an upgrade in the plans that will have trains stopping every 15, providing residents with a better service. Although it can do a pretty good job of servicing daily commuters, the northbound line is not quite consistent.
Go transit bus service is also available for residents and the Hurontario LRT development in construction. There will be route changes with this as well. You can also go for Presto, an electronic fare card you can use on MiWay buses. The Mississauga Transitway provides an east-west bus service for the population, so it’s easier to get around the place all the time.
Public transit is also something to consider before looking at new Mississauga condo prices and floor plans if commuting via public transit is not your thing, the two major highways that service Toronto city pass right through Mississauga, the Queen Elizabeth Way, and 401.
Living in these Toronto condos gives you access to these available transit options all the time. So, you can travel with ease to any location from your new home.
Economy
Over the years, Mississauga city has been a hotspot for international companies and several businesses looking to save on rent prices. Mississauga currently has around 60,000 different businesses that employ close to 400,000 people on average. Some of these businesses belong in the list of Fortune 500 companies, and this central economic growth can be attributed to the Pearson International Airport.
Available businesses in the city range from recruitment, pharmaceutical, technology, finance, and telecommunications. Some of Mississauga’s most prolific employers are Kruger Products [1], Microsoft, Erickson, FedEx, Marriott Hotels, PepsiCo, Samsung Electronics, and General Electric. With more room to grow and rental of commercial property having lower prices than neighboring Toronto, Mississauga will be the future home for many more local and international businesses.
So if you’re building a business or looking for top-line work, there are endless possibilities of living in Mississauga’s condos. Looking at floor plans now can let you buy the best units available.
Of course, condo prices and floor plans are also things we consider. When it comes to the price, the average selling price of an available pre-construction condo is $379,200. For new listings in the city, the price per square foot is $632. As with most things in the real estate market, these condo prices will continue to grow over the years as Mississauga neighborhoods undergo further development. High and low-rise towers will be ready for occupancy soon, so sales and average prices per square foot will increase too.
As for the reselling price of homes, it’s a little over $744,000. As you can see, the condominiums in this part of GTA are top-notch, making it a great living place.
Things to do near Mississauga
When it comes to new condos, Mississauga offers developments for sale that are around various activities. Mississauga isn’t exactly a small place – it generally takes about 30 minutes without traffic on the highway to get to your destination. With Mississauga condos being near available amenities, there’s much to do around neighborhoods in the city of Mississauga.
Celebration Square
Connected to the iconic Mississauga City Hall building, this venue is used throughout the year for many different concerts, cultural events, and food fests. It has a huge outdoor TV available for use in streaming events – something that residents of condos enjoy.
Attached to the Mississauga Celebration Square is an outdoor skating rink. The nearby area is established condo developments and several new condo projects for occupancies such as M City condos, Limelight condos, Absolute condos, and the Chicago Tower.
Square One Shopping Centre
Mississauga is home to one of the best shopping districts in the world — the Square One neighborhood. Serving 24 million customers per annum, it’s one reason why condo prices are a bit high in the city.
Square One Shopping Centre is the largest mall in Ontario, Canada, and has more than 360 stores available for the buying public. You’ll definitely see tons of goods at various prices.
Square One is the Exchange District Condos, located at 151 City Centre Drive. Like many condos you can view in the City Centre location such as Edge Towers, Exchange District boasts stately amenities and a lavish exterior. City Centre is also home to the Art Gallery of Mississauga and Kariya Park. For future residents looking for other developments in Mississauga City Centre, there are also EX2 Condos, Oro Condos, The Way Urban Towns, Avia Condos Parkside Village on Burnhamthorpe Rd, M4 Condos on Grand Park Dr, and Edge Towers.
We also have Brightwater Towns, Collingwood Crawford Urban Towns, Keystone Condos on Burnhamthorpe Road, Stride Towns on Lakeshore Road, Brightwater Condos on Lakeshore Rd W, Daniels Wesley Tower, and Square One District on Rathburn Rd W. There are even more constructions and floor plans coming soon, so we’ll be seeing increasing prices and sales in this location.
Waterfront
Mississauga is part of the Waterfront Trail — a 750 km trail running along the shores of Lake Ontario. There are 9 Waterfront parks available in Port Credit alone. Residents of the city love cycling, walking, and rollerblading on this public trail. The place also passes through Mississauga and connects to its neighbors on southwest Oakville and northeast Toronto. This region is home to the annual Mississauga Waterfront Festival, providing public access to concerts, amusement rides, entertainers, and food trucks. If you’re wondering what the price is for buying a ticket, admission is absolutely free. So if you’re a fan of waterfront amenities, a list of new condo developments and floor plans in Mississauga is worth investing in.
Streetsville
Streetsville is a unique location in Canada with a small-town living vibe, something you might find in Midwest neighborhoods. While there are no new or pre-construction condo developments and sales in its future, Streetsville has available boutiques, restaurants, parks, and shops for the public.
The people of Streetsville host the bread and honey festival. The annual tradition in Ontario, Canada, is a great way to start the summer with a wide range of public events like carnival rides, hands-on education, and games. Even without developments coming soon, neighborhoods like this are the perfect location for buying at a good price. Many condo floor plans will be coming soon, so watch out for those condo prices too.
Sporting events
Mississauga doesn’t have any professional sports teams that the public cheers for. Still, people can see a list of teams play, including the Toronto Maple Leafs, Toronto Raptors, Toronto Blue Jays, and TFC. It’s only a short 30-minute GO train ride to Union Station. From there, the Scotiabank arena is less than 2 minutes away, and the Rogers Centre is no more than 10 minutes walking distance. Several playoff games in the 2019 season were shown at Celebration Square if you’re looking for something locally available.
Final thoughts on a new condo
Mississauga has many of the perks available in downtown Toronto, with a slightly slower pace of life. Through its proximity to the city, 30 minutes by GO train gives you access to everything downtown Toronto has to offer. Condo prices are slightly less than downtown developments, whether low-rise or high-rise. So if you’re looking for an urban lifestyle that’s just a bit slower, occupancy in a new condo or new townhouse development might be for you.
Below we have a list of some of the more desirable new condominiums coming soon in Mississauga. Everyone has their own set of criteria before they buy or invest. Aside from prices, you might want to look at floor plans as well.
Using the Condo Wizard search tool – it’s available for you to explore what development you’d like to buy or invest in. Please reach out if you are interested in viewing any new development or existing condo units in GTA or other areas. We will be glad to help you.
Here are some popular new condos in Mississauga:
