Mississauga Real Estate
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Mississauga, Ontario, Canada covers a large area of 112 .9 square miles with a population of 713,443 as of a 2011 Canada Census.
There is plenty of room for growth in this beautiful city. Mississauga boasts being the 6th largest city in Canada.
The city was named in a poll taken in, North America and South America, as "one of the cities of the future." Quite an honour for this Canadian city.
One notable fact is it has the largest operating airport in Canada and it has developed a multi-cultural population in recent years.
The city has experienced some impressive growth and this is due to its proximity to Toronto. The city has plans to develop its central city core. The residents of this sprawling city are affectionately known as "Mississaugans or Saugans."The city is nestled on the shores of lovely Lake Toronto where it is basically in the middle of the greater Toronto area. Mississauga has quite a history behind it.
The city officially came into birth on August 2, 1805, when the city of York (Now officially the city of Toronto) purchased 84,000 acres from the tribe of the Mississauga's. The city has attracted people from all walks of life and from all around the world. It is one of the most desirable places to live in Canada.
City: 292.40 km2
Mississauga is a city that attracts residents from the world over. It is a pleasant and inviting city to live in. The city enjoys global connections on the same scale as cities twice its size. The city is always a step away from nature. It has 520 parks and woodlands ideal for any lover of the outdoors. The city offers vibrant historical and cultural environments. The arts are an integral part of the city life. Their crown jewels are the Credit River and one of the best waterfronts on Lake Ontario. The city enjoys being in one of the most prosperous regions in Canada. It has thriving local businesses which are eager to embrace emerging technologies and innovations.
The city of Mississauga can generally be divided into 4 different sections: Central Mississauga, East End, West End, and South End.
Each of these sections contains at least 12 different districts and neighbourhoods.
Among the most notable neighborhoods in this city are Erin Mills and Cooksville.
Erin Mills a community developed by Cadillac Fairview Corporation which took 8,000 acres of farmland and turned it into a residential, commercial and industrial community. It’s 20 miles west of downtown Toronto.
Cooksville is actually a neighbourhood in Mississauga and it has a high concentration of high-rise condominium and rental buildings. Perfect for singles or young professionals starting out in their careers.
Mississauga has one of the healthiest real estate markets currently in Canada.
The market has shown a steady growth recently. This trend appears to show no trace of slowing down in the future. April
2016 showed healthy signs of growth for the real estate market. Asha Singh, President of theMississauga Real Estate Board.
Noted that the houses available for sale depended on ow many new listings come available on any given month.
April 2016 showed the lowest available inventory at a projection of one month out. This is the lowest number the market has reflected in this category in any previous month. This tells the story of the attraction people have of moving to this scenic beauty and planting long-term roots.
Another positive sign of the healthy market was that homes sold very quickly when they were listed on the market. One shining factor historically stands out; home prices have steadily increased to a record average of $654,819 dollars. No doubt homes are in great demand in this area. The total for residential sales for April 2016 was a whopping $793 million dollars the highest amount recorded in history. Needless, to say the housing market is booming in this Canadian city.
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The following table, based on data taken from the Canadian Real Estate Association (CREA’s) National MLS® Report for April 2016 (the latest information available), demonstrates how homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major Ontario and Canadian centres.
Mississauga has a very healthy academic lifestyle. The city houses, the University of Toronto Mississauga,
which houses 800 professors and staff. (The total workforce is 2000 people.)This university is part of the University of Toronto school system.
The school has an active student enrollment of 13,200 students and the alumni is at 47,000 which includes some famous names: astronaut
Dr. Roberta Bondar, filmmaker Richie Metha, actor Zaib Shaikh and writer/poet Dionne Brand. The university expanded its location with a
$35 million Innovation Complex which opened in September 2014.
Sheridan College was a $46 million complex built in 2011. The 150,000 square ft. college is located on an 8.5 acre of land in the city centre. Its major educational programs are business education and programs to accelerate Canadians into the workforce. The college has facilities to house 5,000 students.
Mississauga is rich in K-12 schools as well. There are four major school boards that run the schools in Mississauga. One of these school districts is the Peel School Board District.
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 region’s 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.