City Centre Condos Market Review

Mississauga city centre is a cosmopolitan and a vibrant place. One might enjoy superb accommodation options with super taste in an affordable budget. Starting from the stunning architecture of condominiums to lakefront parks and traditional neighbourhoods, one might experience an urban life style while living in condo units.

Condominiums are residential units, apartments in a building which are owned by an individual. They can be townhouses, apartment loft, semi detached or detached or can be a hotel condo. Some of the condos are specially designed for senior citizens. Condo owners receive a deed for their apartment, letting them to mortgage or then let the owner to sell it independently.

In Downtown Mississauga, about 7,800 units have been built, 8,000 are in the application process and 15,700 are in the construction phase. Most of the new and prominent condos in Mississauga City Centre are Capital Condos, One Park Towers, Chicago Condos, City Centre Dr. Condos, City Gate 1 and 2, Solstice, Onyx, Tridels, Eden Park, Elle, Eve and Absolute Condos.

City Centre condo statistics shows many variations – active to sold and condo median values have been increased during 2006 and 2009. Sale in condos is increasing about 16% in every four years. As, condo resale is increasing currently so it has provided a good market for condo owners.

Due to start of new projects, signs of progress are obvious including the planned Parkside Village city community and 15 storey high rise buildings are expected to fill up rapidly. Shopping malls, restaurants, entertainment areas are growing in order to ease homeowners.

Due to the demographics of Mississauga City Centre, the city is attracting immigrants, businessman and young professionals for living and various employment opportunities.