Population Increase and Economic Outlook
Mississauga, the 7th largest city in Canada, currently boasts a population of approximately 717,961 (2021) and is projected to reach 995,000 within the next three decades. Alongside this population growth, employment opportunities are expected to surge from 477,000 (2021) to over 590,100, establishing Mississauga as a thriving hub for living, working, and recreational activities. With a rising population and increased job opportunities, the demand for housing in the city is set to soar, leading to a surge in real estate values and rental rates.
Connectivity and Transportation
Mississauga enjoys excellent connectivity, being serviced by seven major highways, including the 401, 403, 427, 407, and the QEW. These highways provide convenient and fast access to major destinations in both Canada and the United States. Additionally, the city is set to benefit from the upcoming Light Rail Transit System, MiWay Transit, multiple GO Stations, and the presence of Pearson Airport, which is the largest international airport in Canada.
Location, Location, Location
Situated adjacent to Canada’s largest city, Toronto, Mississauga offers the advantages of being close to a major metropolis. The city is also home to prominent attractions such as Square One Shopping Centre, Ontario’s largest mall, Celebration Square, Sheridan College, the University of Toronto – Mississauga, numerous golf courses, and the scenic beauty of Lake Ontario.
Waterfront living is highly sought after, and Mississauga is currently undergoing a transformation by developing master-planned communities that bring together residential, commercial, retail, and employment opportunities along its waterfront. As land availability along the waterfront is limited, the supply of real estate in these prime locations is scarce, driving up both real estate values and rental prices.
The development of Mississauga’s Brightwater community is led by a group of highly reputable developers: Diamond Corp, Dream, and FRAM + Slokker. Collectively, these developers possess over 80 years of experience, ensuring the creation of a high-quality and desirable living environment for residents.