Prospective buyers in Mississauga will find that the latest trends in the local real estate market may leave them with few options. Recent reports have found that a variety of factors have led to a significantly increased demand for Mississauga condos. Among those factors are rapidly increasing single-family home prices. The simple fact is that the cost to purchase a single-family home has now become unaffordable for many local residents. The situation has left buyers with the choice of moving further out to the suburbs where homes are less expensive but the commute is longer or buying a condo in Mississauga which offers amenities of a large City.
The scarcity of affordable single-family homes has caused many buyers to be priced out of the more established neighbourhoods in the area. As a result, many families are making the trade-off of opting for condo-style living while maintaining easy access to the local transit system. Construction of new Mississauga condos has continued at a rapid increase over the past few months. In fact, the construction level actually seems to conceal the anticipated demographic needs, potentially signalling a decline in sales at some point in the future.
Even so, buyers weighing the pros and cons between moving to the suburbs and buying a Square One condo often find that a condo wins in the end. Factors such as traffic congestion and increased traffic often incite a desire to live closer to work. Currently, the vast percentage of the condo boom in Mississauga and the surrounding area has taken place in highly desirable neighbourhoods that are well served by the local transit system and also easily walkable.
Yet another factor driving the trend toward condo living is the growing senior demographic. In fact, many luxury Mississauga condo towers are now specifically targeting well-off empty nesters who no longer desire to maintain a larger residence. Location-centric neighbourhoods make it easy to socialize with friends and enjoy a range of amenities.
During the course of the next two years, it is anticipated that the rate of condos for sale in Mississauga will drop off somewhat from the current boom we are now witnessing. Based on a continuing need for affordable housing and the desire of many buyers to maintain easy access to transit systems and a vibrant lifestyle, the overall prognosis for the condo market in Mississauga is expected to remain strong. Some experts are even predicting that over the long-term the price growth for Mississauga condos could rival that of traditional housing.
Mississauga Condos For Sale
Mississauga Condos For Sale
I get many inquiries from local and overseas investors that are interested in investing in Canadian Economy by considering square one condos. There are many reasons that investors prefer investing in Canadian Real Estate, our economy is considered stable and healthy, our Real Estate market only experienced a slight economic declined but recovered very quickly in 2008. Since that time we have seen only positive growth year after year.
There are several ways that you can invest in Real Estate with Mississauga Condos for Sale and experience positive results:
Purchasing a condo and renting it out: With this investing method you are looking to purchase a square one condo in a desirable location such as Mississauga, Square One Area or Toronto. The important factor to remember it has to be close to public transportation for easy commute. Another important factor to remember when buying an investment unit is to look for a condo with low maintenance , it is important to find a unit with a good balance of price, maintenance and condition. It is very common to find a condo with an attractive price but the maintenance is with very high.
Renting the unit will be the next step, the going rate for renting condos in Mississauga are as follows: 1 Bedroom $1900 – $2100 1+ Den $2100 – $2400 2 Bedroom $2500 – $3000 3 Bedroom $3000 – Up By investing in a rental condominium you cannot expect the renter/ tenant to cover all of your mortgage plus maintenance expense if it exceeds the going rate of similar rental properties.
Here is a simple chart that I have that will show you different situations and outcomes when investing in a Mississauga Condo based on current units for sale that are good for potential investment in my opinion:
If you are interested in receiving a weekly report with mississauga condos for sale condo units that are good for investment and detailed outline of potential equity gain , contact me.
Avia is 45 storey tower with a total of 568 unit and estimated occupancy is 2022. Avia towers will be offering 1 bedrooms, 1 bedroom plus dens, 2 bedrooms, 2 bedrooms plus den and 3 bedrooms suite designs.
- 24hr Concierge,
- 2 Guest Suites,
- Outdoor BBQ and Dining area,
- Chef’s Kitchen,
- Party Room,
- Kid’s Outdoor & Indoor Play area,
- Yoga Studio,
- Sun Terrace,
- Gaming Lounge,
- Exercise Room
Parking & Locker: Included in Purchase Price (Suites under 500 sq. ft. can be put on a waitlist to purchase parking)
MAINTENANCE: Suites Approx. $0.59/sq. ft. + BELL $32.77/month (Utilities separately metered) Parking Maintenance: $49.95/month Locker Maintenance: $19.95/month