There is no more room to build new housing projects in Mississauga because the city is already built out. Knowing a lot about Mississauga real estate and townhouses for sale is very important before you decide to buy or sell a home there. The last building to be built in Mississauga was Churchill Meadows.
There is a limited amount of land available in Mississauga, which is the only reason why home prices there keep going up every year. By 2031, about 274,000 more households are expected to live in Mississauga.
By that time, about one-third of the people living in Mississauga will be 55 years or older. It is also where you will find the best schools for your kids.
The city of Mississauga focuses on supportive housing, high-density housing, affordable rental housing, and emergency shelters to keep up with the demand for housing. In 2013, Mississauga gave the green light to some ideas for townhouses and apartments in the basement.
The Mississauga Real Estate Board is a non-profit organization run by by-laws and overseen by a governance committee. The board of directors chooses the board’s members.
From its start as a group of brokers in 1954 to the present day, MREB has seen many changes.
Members of MREB stress ethical behaviour and their commitment to the profession’s growth. MREB is Canada’s largest board.
The MREB has a long history that goes back more than 60 years. Its history is based on the need to work with community and private sector suppliers, do field monitoring, and teach people.
What is a townhouse?
In Canada, a townhouse is a single-family home that shares walls with other houses that different people own. These homes are sometimes called townhouses.
Townhouses are like semi-detached homes, but besides end units, each unit shares walls with neighbours on both sides. Most townhouses are tall and thin and stacked on top of each other in a long row. They are most popular in cities and suburbs.
Many times, townhouses are less expensive than single-family and semi-detached homes because they are smaller. They might have outdoor space like a backyard or upper patio, but only sometimes.
Townhouses differ from apartments or condo towers because each owner has a door that is not shared with other owners.
Types of Townhouses
City homes in Canada come in two types: private and condo.
- If you buy a freehold apartment, you own the house and the land on which it sits. This is similar to a single-family home, where the owner is in charge of all costs and upkeep. People who own freehold homes don’t have to pay building fees.
- To own a condo townhouse, you only need to own the building itself. The land that the condos are built on is owned “in common” by you and the other people who live in the condo.
- People who live in townhouses usually own the land where their homes are built and the front and back yards that come with them. They also own the outside of their house.
Mississauga Townhouses for Sale
There are 628 homes for sale in Mississauga right now. There are 305 houses, 620 condos, and 80 townhouses. In Mississauga, the average price of all types of homes that have been sold is $1M, which is 9% more than in January 2023.
24 different areas can be found in Mississauga. You can narrow down your home search by price, number of bedrooms, and size, or you can search by MLS® ads for homes all over Canada.
You can find a full list of 1,023 Mississauga rental ads, including 196 houses and 666 apartments if you’re not interested in buying a home. In the city, most people own their own homes. However, 25% of people rent their houses, and the average rent is $1,062.
Every 15 minutes, MLS® Listing data for Mississauga is changed so that you can see the newest homes for sale.
A condo, a townhouse, or a house
Because they are on their own lots, detached homes usually give their owners the most freedom to make changes to the buildings or the land that comes with them.
There is a wide range of sizes for separate homes in terms of square footage, but what makes them unique is that they stand alone; there are no neighbours to share walls with.
Some independent homes, especially in cities and suburbs, may have HOAs, just like some condos and townhouses.
However, the fees are usually very low and only cover things like removing snow and trash and maintaining the roads that everyone uses.
A lot of single-family homes don’t have any HOAs at all. These ones give you the most freedom and independence.
Many people choose detached homes because they have big yards where their kids can play and space for other buildings, like a detached garage or workshop.
People who don’t mind yard work or who want a big garden should also consider buying a detached home.
But if the detached house isn’t part of a community, it might not have some of the extras that many condos and townhouses do, like a tennis court, swimming pool, or exercise centre.
FAQs about Mississauga Real Estate and Townhouses for Sale
Q1: Why is there no more room for new housing projects in Mississauga?
A1: The city of Mississauga is already built out, and available land is limited, contributing to the scarcity of space for new housing projects.
Q2: What is the significance of Churchill Meadows in Mississauga’s real estate development?
A2: Churchill Meadows is the last building project in Mississauga, symbolizing the completion of major construction in the city.
Q3: How does the limited land availability impact home prices in Mississauga?
A3: The scarcity of land in Mississauga contributes to the consistent increase in home prices each year.
Q4: What is the expected population growth in Mississauga by 2031?
A4: By 2031, an estimated 274,000 more households are expected to reside in Mississauga.
Q5: What is the focus of the city of Mississauga in addressing housing demands?
A5: Mississauga emphasizes supportive housing, high-density housing, affordable rental housing, and emergency shelters to meet the growing demand for housing.
Q6: What initiatives were approved in 2013 for townhouses and apartments in Mississauga?
A6: In 2013, Mississauga approved ideas for townhouses and apartments, including some in the basement.
Q7: Can you provide information about the Mississauga Real Estate Board (MREB)?
A7: MREB is a non-profit organization, Canada’s largest real estate board, with a history spanning over 60 years. It emphasizes ethical behaviour and professional growth among its members.
Q8: What defines a townhouse in Canada?
A8: In Canada, a townhouse is a single-family home sharing walls with other houses owned by different individuals. They are typically tall, thin, and stacked in rows, popular in cities and suburbs.
Q9: How do townhouses differ from apartments or condo towers?
A9: Townhouses differ in that each owner has a separate, non-shared entrance, distinguishing them from apartments or condo towers.
Q10: What types of townhouses exist in Canada?
A10: Townhouses in Canada come in two types: private (freehold) and condo. Owners of freehold townhouses own both the house and the land, while condo townhouse owners own the building but share the land “in common” with other residents.
Q11: How many homes are currently for sale in Mississauga, and what is the average price?
A11: As of now, there are 305 houses, 620 condos, and 80 townhouses for sale in Mississauga. The average price for all types of homes is $1 million, reflecting a 9% increase from January 2023.
Q12: What are the options for those not interested in buying a home in Mississauga?
A12: There are 1,023 rental ads in Mississauga, including 196 houses and 666 apartments, providing options for those looking to rent. The city primarily consists of homeowners, but 25% of residents rent, with an average rent of $1,062.
Q13: How frequently is MLS® Listing data for Mississauga updated?
A13: MLS® Listing data for Mississauga is updated every 15 minutes, allowing users to regularly access the newest homes for sale.
Q14: What distinguishes detached homes from townhouses and condos?
A14: Detached homes provide the most freedom as owners have individual lots and no shared walls. They may have homeowners’ associations (HOAs) with low fees covering services like snow removal and road maintenance.
Q15: Why might someone choose a detached home in Mississauga?
A15: Detached homes in Mississauga often feature spacious yards, making them appealing for families with children and those who value independence. However, they may need more amenities found in condos and townhouses.
