The Mississauga Condo Market Is A Great Investment Opportunity.
The recent boom in the Mississauga Condo market can be attributed to exceptional city planning
, and an excellent local infrastructure. This in turn has attracted some of the top Canadian builders to construct attractive, and affordable high-density projects. Much of the parcels of land were purchase over a decade ago, and with the current annual growth, it has been a great time to launch their much anticipated projects. Top builders such as Tridel, Conservatory Group, the Daniels Corporation, Davies Smith, Fernbrook, and Amacon have embraced the city of Mississauga as the next phase of major urban development in the Greater Toronto Area. The Mississauga Condo market has experienced tremendous growth in the past four years since the boom in new condo development began in 2001. Mississauga Condo prices have appreciated *(11.93%) since April 2006 in only three years. In other words mississauga condos have appreciated approximately 3.9% each year for the past four years, which is equivalent to earning $7470.33 every year on your condos market value. This represents incredible value to the average condo purchaser in Mississauga, and proves to the buying public that buying a new Mississauga condo is in fact a great investment. See below for the average price of a Square One Condo year over year for the past four years.
Square One Condos
April 2006 = $187,856
April 2007 = $197,305
April 2008 = $215,880
April 2009 = $210,267
The most incredible statistic is when you take a closer look at the appreciation that the Mississauga Condos have experienced over the past decade. Ten years ago, the average price of a Mississauga Condo was $128,823. This represents a 63.22% appreciation in value in just ten years. It is equivalent to receiving a cheque valued at $8144.40 every year for the past ten years. The great news for investors and Mississauga Condominium purchasers is that because Mississauga condos are still very affordable, there is still an incredible amount of room for growth and possibility to experience appreciation year over year.
Mississauga Condominiums
Tridel has built such prestigious projects as 'Skymark West' phase 1 and 2, Ovation 1 and 2, Grand Ovation, and their most recent development 'Ultra Ovation' has been well received by the condo buying public. Recognized 3 years in a row by J.D. Power and Associates for customer satisfaction, the new Tridel condominiums have been a welcome addition to the Mississauga Condominium market. Conservatory Group has recently completed the 'Universal Condo Mississauga' tower on the Rathburn and Confederation intersection. With high-end finishes and an attractive price per square foot of approximately $278/square foot, this condominium provides exceptional value for investors that are looking to command an exceptional lease rate. Widesuites is the latest development by Conservatory Group, and this project introduces a new concept in Mississauga Condo design. The builder has inverted the floor plans so that the suites become wider, which in turn offers purchasers more window surface, and more natural light. The floor plans are open concept and very functional. Construction has begun, and Conservatory Group is still offering pre-construction prices. The WS Sky lounge will boast some of the best views in the city, coupled with exceptional amenities. The Daniels Corporation has certainly left the imprint in the Mississauga skyline with their master planed community at Mississauga City Centre. This five phase development includes the 'Capital Condos Mississauga', the 'Garden Suites', award wining 'One Park Tower Mississauga' and the newest addition to the master planed community 'Chicago Condo Mississauga.' With standard high-end finishes such as granite, engineered hardwood, and stainless steel appliances, Daniels condominium projects have retained exceptional resale value in the Mississauga condos market. Developer Davies Smith has been very active in the Mississauga luxury condo market in creating their 4 phase development directly across Square One shopping centre. Introducing the first series of modern loft units in the Square One condo market, the development has been attracting young professionals, and first time buyers into the growing Mississauga condo market. 'Citygate Condos Mississauga' set the precedent for modern, trendy development in the community, and the award winning 'Solstice' condo has since defined the modern condo lifestyle young urbanites have been seeking. Their latest addition 'ONYX' will take the loft lifestyle to the next level by devoting the entire North side of the building to 2-story lofts. The loft alternative will pose an exceptional opportunity for investors because of the shortage of available lofts, and the increasing demand amongst the Mississauga condo market. 'Absolute Condos Mississauga' has been dubbed the Landmark condominiums in Mississauga, and has created quite a buzz in the investor market, attracting many foreign investors from the Middle East, Europe, India, the United Kingdom, and the United States. Back in 2005 an International Design competition was launched to design a revolutionary landmark condominium in downtown Mississauga. Hundreds of architects from over 70 countries entered the design competition, and the public decided the vote on the 6 finalists for the design competition. With Tower 1, 2, and 3 complete, tower 4 and 5 are set for construction and will take Mississauga's condo skyline to the next level. The most prestigious development out of all the Mississauga condos is 'Parkside Village' by West Coast developer Amacon. With approximately 6000 new units and 17 point towers slated for future development, a city within a city will emerge. Comprised of residential units and ground floor commercial retail units, Parkside Village will be a reminiscent of Montreal development where residents will be able to walk to entertainment, shopping, parks, and work in this new vibrant community. 3 acres of parkland will wrap around the village, and the entire development will span 11 blocks. The suites will have all the luxurious appointments that Amacon usually provides the buying public, and with flexible deposit schedules, condo purchasers and investors have an exceptional opportunity to be a part of something special in downtown Mississauga.
For Mississauga condo listings, condo descriptions, pricing information, interactive videos of condos in Mississauga, mortgage calculator, and valuable articles about the Toronto Real Estate market. Whether you are looking to buy a condo in Mississauga, or looking for mississauga condos for rent, visit Mississauga-Condos.ca your Mississauga Condos Source!
by: Mississauga Condos
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The Mississauga Condo Market Is A Great Investment Opportunity. Anaheim