Mississauga's Premium Condo Website
Regardless if you are a first time home buyer, an experienced investor, or someone who is just simply interested in the Mississauga condo real estate market, you have come to the right place. This website is your one stop destination for everything you need to know about downtown Mississauga condos, also known as Square One condos or City Center condos. Using state of the art technology, we have engineered the ultimate all-in-one condo website. At www.MySquareOneCondo.ca we believe in educating people about Mississauga condo real estate by providing as much relevant information as possible. This includes, having a thorough Mississauga condos for sale MLS listings section, an interactive Square One condo real estate blog, and an opportunity to review Mississauga condos.
When designing the website we had one goal in mind – how can we make shopping for a condominium in Mississauga as easy as possible? We believe the answer lies in giving clients the accessibility and freedom to shop for a condo from their home computer, without the immediate need of a real estate agent. Once the person is familiarized with Square One condos for sale, and is ready to contact a condo realtor, we are ready to help.
Many find our real estate blog helpful as it keeps the public informed about the newest pre-construction condo projects in Mississauga, latest price trends and it also provides tips for both sellers and buyers. We update this blog on a weekly basis with all exciting Mississauga condo news.
Finally, our Mississauga condo review section lets property owners, apartment renters and potential buyers give feedback and state their opinions on various Square One condos.
We hope you will enjoy your stay.
Exactly 33 months ago the Canadian dollar was at par; even a little higher than the American counterpart. Cross boarder shopping was cheap and Canadians took advantage by buying anything from clothing to cars, and even properties down south.
Since then, the Canadian dollar went down by roughly 25%. What does that mean for us here in Canada hoping to buy real estate?
Firstly, buying any property outside of Canada automatically costs 25% more than two and half years ago. Those earning income in Canadian dollars prefer to keep their money in Canada as the conversion rate is too high if they were to invest in the United States.
For the majority of us who work and live in Canada this has little effect on our real estate prices.
The low Canadian dollar is however bringing many oversea investors, who are taking advantage of this low rate. Over the past month we have had several clients from Dubai, the Middle East and the United States contact us in order to purchase pre-construction condos.
Putting down $50-60,000 as a deposit allows investors to secure real estate in Canada, and not worry about any payments until its ready. This process, depending on the project, can take anywhere from 2-4 years.
During the pre-construction condo waiting period, many of the investors who purchased a pre-construction condo will closely monitor the Canadian dollar. When the time is right, they hope to covert the currency. A $300,000US investment easily converts to enough Canadian dollars to purchase a two bedroom pre-construction condo in Mississauga. Two years ago it would have cost closer to $350,000 to make the same purchase.
Thinking of buying a new built condo in Canada? Read this article first, and give us a call!
The Condominium Act in Ontario has been passed 17 years ago. Due to the new dynamic shift, and more and more condos being built, it is to no surprise that the number of condo units owned is estimated to be around 700,000. Over 300 of these condominiums are registered in Mississauga. It is also estimated that there are about 1.3 million condo owners and 10,000 condo corporations. It is inevitable that change comes about.
The new proposed revisions to the act, will be put in place to increase consumer protection for both buyers and owners. Improve how condos are managed and run and to strengthen the reserve fund for condos.
The new addition to the Act would allow disputes to be settled by using a third party, the Condo Authority. Who would in turn offer clearer information on condo owner’s rights & responsibilities, disclose information publicly and have an Auditor General to look over things. This would provide quicker, lower-cost dispute resolutions.
It would protect condo owners and buyers, since it would provide buyers purchasing pre-construction condos with a guide to condo living at the time of purchase, provide clear rules so that no surprise charges may arise to buyers purchasing pre-construction condos, the government will create regulations concerning all documents and amend the new home warranty act.
The act also proposes to strengthen the financial angel of condos, in order to prevent fraud. This will allow condo owners to have a more say in financial matters, if the condo corporations decide to any financial changes. This act will also regulate how much the reserve fund has. Many argue, that the current act is out of date and needs a revision.
This would tie in that the new reform to the act would introduce a new piece of legislation – the Condominium Management Service Act. This means that a new, third party, would regulate condo managers and management companies within condos by establishing a licensing system, which includes proper training and a code of ethics.
In the past we have written various blogs on the issues surrounding condo management companies and the roles they should play for the residence and visitors alike.
Check out the video from Mississauga City Hall and more info on this issue here.
Mississauga condos continue to be a great option for first-time home buyers, investors, couples or people who choose to live alone. With prices still below $500 a square foot in the downtown area, the market continues to favour buyers with prices increasing moderately year over year.
For anyone looking to sell a condo, the market dictates that on average condos in the City Centre (downtown Mississauga) area sell for 97% of asking price and within 39 days (Toronto Real Estate Board Stats for 1st quarter of 2015).
An interesting trend has emerged where those who sell their Mississauga condo move further out west; primary Oakville, Burlington or Milton. These three cities are not known for their high-rise condos, but rather seen as “great places to raise a family”.
If someone has decided to sell their condo and continue to live in Mississauga, chances are that they would have to settle for an older home. Since there is not much more new land to build on in Mississauga, options for newer homes are limited. The idea of buying an older home, scares a lot of condo owners as they are used to the worry-free lifestyle they enjoyed while living in a condo.
Moving east towards Etobicoke/Toronto, is great for those commuting to Toronto every day; however prices tend to rise sharply the closer you get to Toronto. Also, the Etobicoke/Toronto areas are subject to a double land transfer tax, which ends up costing the purchaser an additional 1% of the purchase price.
A third option is moving north, towards Brampton/Caledon. Many clients I talk to, do not consider Brampton as a viable option for a few reasons. The quality of schools, the high costs of auto insurance and poor overall upkeep of the city are amongst the reasons. Further north of Brampton, closer to Caledon does look more promising, however the longer commute does deter many from making the move.
Milton continues to be a popular choice for many home buyers looking for an affordable solution for a newer home. The commute can be a little far, ranging from 15-25min to Mississauga however homes in Milton tend to be around 20% less than similar homes in Mississauga.
Although at least a 30-40min drive to Mississauga; Burlington is an upcoming city in Canada. It does well as a city and attracts families for a number of reasons. It has great restaurants and boutiques and holds some great touristic attractions such as Sound of Music Festival, Art Gallery of Burlington, Spencer Smith Park & holds Canada’s Largest Rib Fest. The city offers 29 public elementary schools and 14 Roman Catholic Schools, 8 public high schools and 3 Catholic high schools.
Oakville has really become one of the best places to live in Canada. With new development going on, great schools and parks, Oakville continues to thrive and grow. The new Oakville hospital is creating a lot of buzz and seems to drive real estate prices up. Oakville borders with Mississauga and is a 10min-20min drive to Mississauga. This may be a reason why many who sell their Mississauga condo prefer to move to Oakville.
These cities out west have come a long way and seem to be very popular and growing in demand for today’s home buyers. Some cities offer more affordable real estate than others. If you are thinking of selling your condo please click here. If you would like to know more about Oakville’s upcoming neighbourhood go check out my new blog on Preserve Oakville.
Have questions? Need advice? Contact us. We can help.
Great news folks! Today Pinnacle released their next condo project that will be located by Hurontario & Eglinton Ave W. Currently, Pinnacle has 2 towers, Crystal, at 55 Eglinton Ave W & 75 Eglinton Ave W. The 3rd and 4th proposed towers called “Amber” will be located behind the first two towers. Standing at 23 and 26 storeys, the 1 Bedrooms will start as low as $260,900 & the 2 Bedrooms as low as $340,900. After the success of Crystal, this new set of condos will retain the same interior finishes and have a similar exterior glass look. Just as Crystal, Amber aims to have one large lobby connecting the two towers. Pinnacle is also famous for their other project close to Square One Mall; Pinnacle Grand Park 1 & Pinnacle Grand Park 2.
Amber will be situated close to Highway 10 and Eglinton Ave W. Currently, there are 3 Plazas surrounding the project that offer a variety of services such as Service Ontario, Post Office at Shoppers Drug Mart, Florists, LCBO, Convenience Stores & Scotiabank. Restaurants such as Montanas, Harvey’s, Swiss Chalet & Cora’s are within walking distance. As well as, Starbucks, Tim Hortons, & Oceans fresh food market are also within reach.
Surrounded amongst green landscapes, broad sidewalks and wide streets, everything is within ones reach. Highway 403 is down the street and Square One Mall is a 5min drive. There are numerous schools such as Saint Pio Of Pietrelcina (French Immersion Grades 1-4) & St. Jude (French Immersion Grades 5-8), Barondale Public School (French Immersion), Cooksville Creek Public School, Saint Hilary Elementary School, Bristol Road Middle School, Saint Matthew Elementary School, Fairwind Senior Public School, San Lorenzo Ruiz Elementary School & St. Francis Xavier Secondary School nearby.
These two towers will mimic Crystal, in terms of design and amenities offered. Standing at 23 & 26 storeys and will offer over 400 units. The exterior looks modern, made out of glass. The podium will offer 2 storey townhomes (still not released) and will complete the exterior look. Once you walk inside Amber, the modern concierge desk & interiors with its high ceilings and sleek design will take your breath away.
Indoor Swimming Pool, Jacuzzi & Sauna
State Of The Art Gym & Yoga Room
His & Hers Change Rooms
Party Room Equipped With A Kitchen
2 Guest Rooms
Kid’s Play Area
Outdoor Patio With BBQs
Features & Finishes
Amber will offer designer finishes and numerous layouts catering to every individuals taste. From 9ft ceilings, to floor to ceiling windows, the suites are stunning and welcoming.
Laminate Flooring In Main Living Areas
Broadloom In Bedrooms
Porcelain/Ceramic Tiles In Kitchen & Bathrooms
Designer Spa Like Baths w/ Soaker Tubs & Rain Showers
Designer Chef’s Kitchens w/ Brand Name Stainless Steel Appliances
Underground Parking & Private Storage Lockers
Note: This project is still not open to the public. For VIP agent access please call: 647-989-7517
If you are a first time home-buyer or investor and are interested in viewing this project, please register with me here. As always, I will have VIP specials and exclusive offers for my clients that are registered with me. Please note that these offers are not valid or offered by the builder. Please remember that all units are on a first come, first serve basis. Therefore, make sure to register ASAP & to reserve the unit of your choice.
Prices are still low – Mississauga pre-construction condos are often below $500 a square foot, which is much cheaper than other major cities. By default, pretty much all pre-construction condos sold today in Mississauga come with one locker and one parking spot. In places like Toronto, parking spots are often reserved for only 2 bedroom units and buyers have to pay upto $50,000 (or more!) to actually get a parking spot.
With each new building coming up, prices set by the builder tend to increase slightly. Buying early at the VIP stage ensures that you get the first pick of a unit at the lowest possible price.
The downtown core is still growing – The number of condos in towntown Mississauga has almost doubled in the last 12 years. Over the next decade we can see as much as fifteen additional condos within the Square One area getting constructed. With the expanding downtown Mississauga core we not only see more condos, but also more roads, transportation and places to entertain. The recent opening of the Bier Markt has created a lot of buzz online.
LRT – On April 21st 2015, the Ontario government approved the budget for the light rail transit system. This 23 kilometer LRT line will run on Hurontario and have 26 stops connecting Brampton, to Square One down south to Lakeshore. Some of the stops included around the Square One Mall, is Living Arts.
Property values are known to increase when public transportation is accessible.
Square One renovation – In 2013 Square One shopping centre announced a massive $380 million dollar renovation project. The mall would expand to include stores such as Simon’s and Holt Renfrew. You can track the Square One renovation progress and even watch it on live camera here.
Located within walking distance to many of the condos, the mega mall gave the condos in downtown Mississauga the name “Square One Condos”. With many people wishing to live close to large shopping centers; Square One will continue to have positive effect on real estate prices.
Interested in a pre-construction condo? Please read this article first if this is your first pre-built condo purchase.
We just launched the VIP event for Amacon’s Block Nine and soon will be presenting the info for Pinnacle’s Amber condos. Register with us now and get access before the general public.