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 up to $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 downtown 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 kilometre 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 Dr.
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 a 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.
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