Mississauga, once a suburb of Toronto, has grown into the sixth largest city in Canada, home to multicultural neighbourhoods that have formed their own unique identities. It has also become a popular area for corporate offices, making it an ideal city in which to both live and work. Highly ranked schools, shopping, hundreds of parks and multiple community centres provide the amenities families look for. Accessible waterfront, close proximity to Pearson International Airport and an excellent transit system add to its appeal. For the homebuyer, Mississauga offers something in every price category, from affordable starter homes to luxury condos and custom-built estate homes. Upscale neighbourhoods include Port Credit, Lorne Park, Clarkson and Cooksville. Erin Mills is the GTA’s largest planned community. At the north-end of Mississauga are Streetsville and Meadowvale Village, Mississauga’s historic communities. For commuters, Mississauga, gives its residents access to Greater Toronto through a network of major highways and transit.
Mississauga Market Trends
Activity in Mississauga’s housing market was primarily driven by a mix of growing families, young couples and immigrants.
It continues to be a seller’s market with low inventory levels in the first two months of 2018. The OSFI stress test has made an impact on Mississauga’s market, with many buyers taking a wait-and-see approach and shifting their preferences to condos, which offer greater affordability.