Economy:
Among the Fortune 500 companies, more than 60 of the companies are headquartered or globally located in Mississauga. Industries include the pharmaceutical, banking and financial, electronics and computer, aerospace, transportation, and equipment industries. Few honorable mentions are Citi Bank Canada, Royal Bank of Canada, Microsoft Canada, Laura Second Chocolates, Hewlett Packard, Air Georgian, Air Canada Jazz, Magellan Aerospace, Honeywell Aerospace, Wal-Mart Canada, and Kellogg’s Canada.
Attractions:
The Mississauga civic plaza is used for summer festivities. Mississauga organized more than 60 free events to attract visitors to the town square. Most of these events include Senior Citizen’s Day, Family Day, Vintage Cars, and major events such as the Canada Day Celebration, the Rotating Rib Festival, the Tree Lighting Ceremony, and the Festival of the Beach. In October 2012, the number of visitors attracted was one million.
The Mississauga Art Gallery is a public gallery and a non-profit art gallery. It offers free admission and is open seven days a week. The Art Gallery is currently working on the creation of a digital gallery.
Square One Shopping Center, Canada’s largest mall, is also located in Mississauga. It has 350 stores and attracts 24 million visitors each year.
Due to the overwhelming tourist attractions and booming economy, the city is in high demand for real estate. Mississauga has attracted a lot of foreign interest in its real estate market. In Mississauga during 2015, the median selling price for a home of all types was C $ 546,000. The median price of a single-family home was recorded at 868,000 Canadian dollars, while in Toronto it exceeds 1 million.
The price difference between Toronto and Mississauga tends to drive Toronto shoppers to Mississauga. This reflects Mississauga’s real estate potential from an investment standpoint as well as for settlers.
In 2015, prices increased more than 7.9% and average sales volume increased 4% year-over-year. The average days in the market was 22 days and the average list price to sale price ratio was 99% average during the year. This means that if the house is available to sell on the market, 99% of what was requested will be sold in an average of 22 days.
Looking at the statistics above, it can be said that it is a seller’s market and buyers tend to have multiple offers when searching for the desired home. Prices are projected to drop in 2016 due to the higher prices recorded last year and the strict lending rules introduced by the Bank of Canada on secured mortgages and lower down payment for larger mortgages.
In Mississauga, increased exports to the US and the EU have created jobs in the manufacturing sector. And due to the increase in jobs there will be more demand for Real Estate.
The property sale in June was valued at $ 864 million. Which is a whopping 19.9% increase compared to 2015. This was the highest volume on record.
Mississauga Real Estate Attorneys:
Real estate transactions are not as simple as they seem. Requires documentation and binding of contracts between two parties. Many people are unaware of the complexity of the legal work involved. In order to obtain peace of mind and security, a real estate attorney has the potential to deliver his clients with complete satisfaction.
Real estate attorneys have a network of attorneys in the Greater Toronto Area (GTA) serving clients in various locations. With no hidden fees, attorney’s fees are mentioned on the website, reflecting the credibility of real estate attorneys.