As housing prices and interest rates rise all over the GTA, many people have turned their eyes to condos or townhouses. Mississauga is known for its impressive array of choices, from pre-construction projects and modern new builds to units in older condo buildings.

With the upcoming development of the LRT (Light Rail Transit), Mississauga is rapidly becoming even more convenient and desirable. In fact, we expect that as much as 25% of the residential and commercial population will settle in around the new transit line.

Should you consider investing in a new Mississauga condo? Let’s take a closer look at all the options this city has to offer. 

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Why Choose to Live in Mississauga?

First of all, why consider living in Mississauga? The benefits are practically endless. Picture stepping outside your building to an abundance of shopping and dining opportunities that are also close to beautiful trails and parks. If you have a condo with a balcony, the view over the city will be spectacular no matter what direction you face. 

As an industry leader in sectors such as Advanced Manufacturing, Financial Services, Information & Communications Technology, Life Sciences, and others, Mississauga is the site of many home offices in the city.

This provides countless opportunities in nearly every field imaginable. Whether you’re seeking a career change or a brand new position, chances are you won’t need to look any further than your home city. 

If you need a change in scenery, you will find it at one of Mississauga’s many beautiful parks or landscaped gardens. Brueckner Rhododendron Gardens and MacEwan Terrace Garden are just a couple of examples where you can take in nature’s splendor, and they are especially beautiful when the blooms arrive in spring. 

Art lovers can appreciate Mississauga’s incredible diversity and culture through exhibits at venues such as the Art Gallery of Mississauga, The Living Arts Centre, and Crescent Hill Gallery. In addition, you’ll also find 20 permanent art fixtures installed throughout the city.

Learn even more about the joy of Mississauga life in the posts below:

Who Should Buy a Condo?

Condos can be a more affordable way to break into Mississauaga’s somewhat daunting real estate market. Still, it’s important to know that they’re not for everyone.

The newest developments tend to be on the smaller side, though they do feature modern, open-concept layouts and the latest technology. These condos could be a fantastic option if you’re a single professional or a student. 

However, if you’re a family of five, an apartment-style condo might not be the best fit. Instead, you might look to an older bungalow or townhouse where you’ll have multiple bedrooms and enjoy outdoor living space.

Old Vs New: What’s Right for You?

Should you invest in one of Mississauga’s brand new condos or look for an older resale unit? It’s easy to be captivated by the stunning views and state-of-the-art technology. However, keep in mind that you will likely pay a premium for the advantage of being the first person to live in the unit.

Resale condos can represent better value for first-time buyers or empty nesters who would rather travel the world than stay at home. 

Lower prices help younger generations get into the real estate market faster than buying a new condo, which will help to build equity and secure your financial future. Once your purchasing power grows, you can always consider upgrading to a newer model or larger home later. 

Are you ready to buy your next home? The resources below will help you at every step in the process:

Beginning Your Search

Nothing will make the search for the right condo easier and more successful than partnering with a real estate agent who knows the area. Without expert guidance, you might spend hours browsing online listings that end up being unsuitable. 

A local expert can guide you through your home search and narrow it down to options that perfectly fit your needs and your budget. Here are just a few ways we can make your purchase streamlined and as stress-free as possible:

  • By helping you determine what you need and why, we can point you to the Mississauga neighbourhood where you will feel most at home.
  • We will help you figure out a comfortable budget while getting the best possible condo for your money.
  • We will work through our extensive network of brokerages, real estate boards, and other agents to uncover listings that might be perfect for you.
  • Once you have your eye on a particular condo, we’ll negotiate relentlessly to ensure you get the best possible price and terms for the current market.

Whether you plan to buy your next condo within a few months or get in on the ground floor of a pre-construction project, we are standing by to help each step of the way. 

Do you have questions about buying, selling, or investing in a Mississauga condo? Reach out today to damir@damirstrk.com or call 416-884-7925 for the accurate and unbiased information you need.