Mississauga is a thriving city situated on the shores of Lake Ontario, only 27 kilometres from Toronto. Approximately 713,445 people call Mississauga home, and it is also home to over 60 Fortune 500 Canadian company head offices as well as the Lester B. Pearson airport, the busiest airport in Canada. Being the sixth most populous city in Canada, Mississauga was originally developed as a suburban bedroom community for Toronto. Mississauga was named the "Mid-Size City of the Future" by financial publication fDi Magazine in 2013, and is often noted as one of the best places to live in Canada for its business-friendly atmosphere, its infrastructure, and economic potential. Mississauga's focus has turned inward to building up its downtown, and continues to gain a unique identity separate from that of nearby Toronto.
Many of the secondary and post-secondary schools in this region are among Canada's most highly rated. Mississauga's secular Anglophone and Francophone youth are served by the Peel District School Board, which operates more than 230 schools in the Region of Peel. Catholic students are served in both English and French by the Dufferin-Peel Catholic District School Board, which operates more than 148 schools throughout Peel Region. In addition to grade schools, Mississauga is home to one of only two University of Toronto satellite campuses, as well as Sheridan College, a post-secondary institute that focuses on business education and programs for new Canadian residents.
Because of its close proximity to Toronto, Mississauga enjoys a bustling array of shopping choices. From big box stores and bargain outlet malls, to high-end boutiques and ethnically diverse street markets, this is heaven on earth for shoppers of varying budgets and styles. Lovers of the outdoor will love living in Mississauga: with over 500 parks and 225 kilometres of trails and woodlands, Mississauga already provides great outdoor recreation opportunities. Recently, Mississauga has also launched a 20-year "Cycling Master Plan" that will give cyclists over 900 kilometres of on- and off-road bike routes to explore!
History of Mississauga Real Estate
Mississauga real estate has been burgeoning for many decades. As a popular suburban Canadian city in Southern Ontario, the city has seen its population explode to more than 721,599, as of the 2016 Census. Mississauga is Canada’s sixth-most populous municipality. For these reasons, Mississauga real estate agents continue to be presented with an increasing number of buyers and sellers.
As Mississauga real estate agents know, Mississauga was developed as a suburb of Toronto, and thus Mississauga’s growth was attributed to its proximity to that city. Most of present-day Mississauga was formerly known as Toronto Township. It was largely agricultural land, including fruit orchards, through much of the 19th and first half of the 20th century.
In the late 1930s, the first prototypical suburban developments occurred in the area south of the Dixie Road/QEW interchange. As Mississauga real estate agents will concur, development in general moved north and west. Large-scale developments, such as in Meadowvale and Erin Mills, sprang up in the 1960s and 70s.
Mississauga real estate has continued to expand and grow. New developments, particularly in the north and in the east, have eroded much of the city’s agricultural lands. As well, Mississauga purchased 400 acres from the Town of Milton on January 1, 2010.
As Mississauga continues to develop and expand, so too has the number of Mississauga real estate agents.
Future of Mississauga Real Estate
As the general public, and Mississauga real estate agents know, the 2017 housing market in Mississauga was exceptionally strong. Prices were rising and inventory was very low.
The current market is seeing an upswing and according to the TREB, home sales are expected to be up relative to 2017, in the second half of this year.
As a Mississauga real estate agent with a complete understanding of the market and how it operates, Evelyn Lacerda is a salient market watcher. With the Canadian economy on good footing and with mortgage rates remaining relatively low, Mississauga real estate agents are confident in the Mississauga real estate market.