Before we start, If you are looking for houses for sale in Mississauga then you landed on the best place. I will share some Pros and Cons with you about Mississauaga and it will become easy for you to decide that you are ready to buy a home in Mississauga.
Mississauga is the largest Canadian city on Lake Ontario and is becoming one of the hottest places day by day to move to Canada. Mississauga is the 6th largest municipality in Canada.
There are a number of reasons that you will come to know that Why Mississauga is becoming the best and a growing city to live in Canada.
Some Pros why people find Houses for sale in Mississauga
Reasonable Housing Price
Now, one of the biggest reasons why people prefer to live in Mississauaga is the Affordable Housing. Rental and Ownership Options, both are much much more better in Mississauaga than Toronto
You will find very beautiful and well designed Condos in Mississauaga. As the condos are much affordable for the first time home buyer and middle income family.
Clean, Quiet & Very Safe
We all know that Canada is well known for its low crime rate all over the World. Compared to the other places in Canada, Crime Rate in Mississauga is very low, that’s why Mississauaga is considered as one of the safest places to live in Canada.
For the Aged population, Mississauga has a number of beautiful trails and parks that offer positive, green and clean vibes that help to keep them healthy.
Schools
You will find a number of best schools in Mississauga, which makes Mississauga a best choice for families to live in with children. If you want to invest in Mississauga Real Estate, Mississauga is one of the best places to invest due to its neighborhood with Toronto.
Neighbor to Toronto
Toronto is just a 25minutes drive away from Mississauga, this is the best place to live near Toronto. Mississauga residents take all the benefits that Toronto offers.
As we all know Toronto is the business hub in Canada, so for any of the startups companies or businesses, many of them prefer to start their journey from Mississauga only.
Transport Connectivity between Toronto and Mississauga makes the residents move to and fro easy as employees feel easy and comfortable using Highway and Train Connectivity.
Also would like to bring into your notice that Toronto Pearson International Airport is also nearby Mississauga that makes it much more easy to reach at your destination.
Lifestyle and Shopping
Square One Mall is one of the largest malls in Ontario and the 2nd largest mall in Canada. Mississauga residents don’t have to look here and there for shopping. As it is very easy for them to shop at a single place. Ontario has more than 300 stores, a number of restos, bars and cafes too.
Here are Some Cons as why people don’t like to find Houses for sale in Mississauga
Traffic
Mississauga is just a few minutes away from Toronto and as we know Toronto is one of the biggest job/business hubs in Canada. So, everyone either who hails from Toronto itself or Mississauga has a car which makes the city car centric. Due to this reason you will find a lot of parking issues.
Airplane Noise Disturbance
As you know Mississauga is nearby Toronto and Toronto has Pearson International Airport which creates continuous disturbance to the residents of Mississauga. It is also very important to check major flight schedules and avoid all of those routes.
High Living Cost
Living cost in Mississauga is very expensive, but due to its lack of affordability, since April 2021, $1,024,461 is the average price of home in Mississauga and till now there is no sign of drop in home price. Homes are not the only reason for high living costs in Mississauga, its great amenities are also the reason for the same. To have a car is the mandatory thing that an individual needs, so in return you have to go for insurance which makes a big effect on your pocket. On an average, a driver pays $1500-$2000/year.
Now, the Question is What is the average cost of a home in Mississauga?
Since November, 2021, $1,044,766 is the average cost of a home in Mississauga. This cost is really amazing i.e $153,162 is more than as compared to November 2020, this cost made the price as the highest price on record, in 2021 when the home prices jumped around $1,055,796.
How much money you need to save for a Median Income?
As per statistics, $83,018 is the median income in Mississauga, which makes it very difficult for an individual to buy home without saving for years.
$470,000 is the median price for condos in Mississauga. $372,409 is the max. Mortgage amount to buy a condo which means they’d have to pay around $97,591, it is the amount that you have to save for upto 5.9 years.
If you save money for around 15.4 years, then you may start thinking of buying a home in Mississauga. For Semi-detached home, you need to save money for around 24.4years and for a detached home, you need to save for around 42.2 years.
Know the complete information about Are you looking for houses for sale in Mississauga?.
