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New Condos for Sale in Mississauga

(Buyer's Guide)
Mississauga is Toronto’s closest suburb and Canada’s 6th largest city. The limited supply of land and the high demand for housing are the main reasons for the ever rising prices in the area. Due to the rising population, city authorities are approving plans for high-density housing projects, such as medium and low-rise condominiums.
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About Mississauga’s New Condos

Mississauga is Toronto’s closest suburb and Canada’s 6th largest city. The limited supply of land and the high demand for housing are the main reasons for the ever rising prices in the area. Due to the rising population, city authorities are approving plans for high-density housing projects, such as medium and low-rise condominiums. 

New condo developments are under construction, planned or already finished in Mississauga. With 36 condo developments and 6610 units under construction, new buyers have a wide variety of condos to choose from. The median price per square foot for a new condo is around $940.

The City of Mississauga

Located to the east of Toronto, on the shores of Lake Ontario, Mississauga is the second-most populous municipality in the Greater Toronto Area. Known for its busy central business district and multicultural population, it is home to Canada’s busiest airport and many international corporations.

The city has a vibrant arts and culture community, and residents as well as visitors can look forward to events like the MARTY awards, Carassauga, the Bread and Honey Festival, or many of the culture-specific festivals which are held as a celebration of Mississauga's diverse communities. 

Among the city’s many attractions are Celebration Square, the Art Gallery of Mississauga, the Paramount Fine Foods Center, the historic villages, golf courses or its 480 parks. With a business-friendly local government, beautiful natural scenery, great transportation system and city services, Mississauga is certainly a great place to live.

Mississauga Condo Prices

The average home price in Mississauga is around $940,000 with an yearly increase of 25,3% from 2020 to 2021. In the GTA, Mississauga is rated as the 15th most expensive and 7th fastest selling city. Prices per square foot are also increasing, from $551 in 2020, to $576 in 2021.

Condos in Mississauga have an average price of about $768,055, which is about average for a large municipality in the GTA. Condo demand has dropped after the pandemic-induced city claustrophobia, but the market does not seem to be in decline. Buyers are looking to invest in newer buildings with amenities and green spaces.

 

Average prices for condos in 2020 (pre-construction & older units)

Employment

More than 60 Fortune 500 companies can be found in Mississauga, with varying industries like pharmaceuticals, aerospace, electronics and computers, and banking and financials.

The city is home to over 55,000 businesses with over 400,000 employees. It is also one of the largest finance, insurance and real estate clusters in North America.

An average yearly salary in 2021 in Mississauga sits around  $105,000, with a range between $26,500 and $469,000 as the lowest and highest averages. About 50% of Mississauga employees earn on average $101,000 or less.

Mississauga has an unemployment rate of 5.0%, slightly higher than other cities in the GTA.

 

Unemployment rates for GTA municipalities in 2020

Transportation

Servicing a staggering population of over 700,000 people, the city’s transportation system is equipped to handle commutes and inner city transit. 

Commuting by car is made easy, with access to multiple Highways like the Queen Elizabeth Way, 401, 410, 409, 407 and the main freeway of the city which is Highway 403.

Public transportation is provided by the GO Transit service with rail stops and busses, as well as the city’s own transit service. MiWay provides residents with over 90 routes across the city. There are also ongoing plans for the construction of a light rail line which would cross the city from Port Credit to Brampton’s downtown.

There is also a planned extension of the Toronto subway system which will connect Line 5 Eglinton to Toronto Pearson International Airport. The extension will have 4 stops in the city limits and is set to be completed by 2030.

Investing in New Pre-Construction Condos in Mississauga

Even with the limited building space in the area and the high demand for housing, prices in Mississauga are still lower than in Toronto, with a price difference of about $100,000 on average on similar properties.

Mississauga has a lot to offer its residents, from job opportunities, great education institutions to recreational activities. The city is also attractive for the people who want to leave the crowds of Toronto in favour of a more suburban vibe.

Mississauga is a good place to invest in real estate. It has a fast-growing population and ever-expanding business district. Building space is limited, which guarantees a future rise in prices. And the earlier you invest in a pre-construction development, the higher your potential return because pre-construction condos are sold in different stages.

 

Stage 1 - Sales Event Dedicated to Friends and Family (Selling Up to 10% of Units)

Many developers start the selling process by offering exclusive deals to their friends and family members. These sales events can account for up to 10% of the sales.

Stage 2 - Sales Event For Platinum VIP Agents (Selling Up to 40% of Units)

The next stage in the sales process is an exclusive event where only Platinum agents like Condo Shopper are invited to sell the pre-construction condos. Platinum agents earn their status by selling a lot of condos or by building great relationships with local developers.

This stage in the pre-construction condo sales process offers substantial discounts, amazing unit choices, incentives, rebates, and more.

Stage 3 - Sales Event for VIP Agents (Selling Up to 30% of Units)

During the next stage of the sales process, the developer invites VIP agents to sell the pre-construction condos. The prices go up from the last stage and the incentives go down or disappear.

Stage 4 - Sales Event for All Agents (Selling Up to 20% of Units)

Next, the developer invites all the agents to sell the condos. The prices go even higher during this stage, and the incentives disappear. In addition, the most valuable condos are long gone by this point.

Stage 5 - Sales Event for Pre-registrants (5 - 10% of units are sold)

Next, the developer sells the condos directly to pre-registrants. However, some developers get around this stage a year or more after the start of the sales process. This usually happens more often when the condos are in high demand locations because it can help the developer create hype around the development and drive the prices even higher.

The prices are high and the incentives are gone by this point, so working directly with the developer can take longer and cost you more than collaborating with Condo Shopper.

Stage 6 - Grand Opening - Final Sales Event (Selling Remaining Units)

During the final stage of the sales process, the developer advertises the project in the media, inviting people to buy condos. The most valuable units are long gone by this stage but the prices are still high, so buyers pay more for the last units.
Condos

Condo Projects
in Mississauga

2021 06 28 09 51 46 artecondos rendering
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Arte Residences in Mississauga
89 Dundas Street West, Mississauga, ON
Construction Status:
Pre-construction
Sales Status:
Now Selling
Project Status:
Coming Soon
mississauga
Developer - 
Emblem Developments
Occupancy Starts - 2025
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EX3 Exchange District Condos 3
151 City Centre Dr, Mississauga ON
Construction Status:
Under Construction
Sales Status:
Pre-Launch
Project Status:
Coming Soon
mississauga
Developer - 
Camrost Felcorp
Occupancy Starts - mid 2025
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Exchange District Condos 2
151 City Centre Dr, Mississauga ON
Construction Status:
Under Construction
Sales Status:
Sold Out
Project Status:
Archived
mississauga
Developer - 
Camrost Felcorp
Occupancy Starts - Nov 2024
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