Mississauga, just west of Toronto within the Peel region, is the 14th fastest growing market within GTA. Overall, the condo market in Mississauga has seen a growth of 15% since last year. Mississauga is growing at an unprecedented rate, just last year, the city invested $1.5 billion in building a new Light Rail Transit line. The transit line will have 12 stops from Port Credit to Square One. Moreover, the city has also made investments in developing parks and recreational facilities. The expansion of Square One Shopping Centre also just finished this year, this adds about 1 million square feet of new retail space making it the largest shopping centre in Ontario.
Canada will be inviting about 1 million new immigrants in the next two years, and a lot of the immigration will immigrate to Ontario, Mississauga boasts a diverse population and will attract a lot of new immigrants. If you invest pre-construction condos in Mississauga, the price will only continue to appreciate due to these developments. There are many pre-construction projects in the Square One district, as well as the Port Credit area starting from the mid-500 range.