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The Mississauga and Toronto Housing Market

The recent growth inside the Mississauga Condo market can be attributed to exceptional city development, and an outstanding local infrastructure. This in turn has attracted some of the best Canadian builders to construct nice-looking, and affordable high-density projects. A great deal of the parcels of land were purchase over a decade previously, and with the present annual growth, it has been a great time to launch their much anticipated projects. Top builders like Tridel, Conservatory Group, the Daniels Corporation, Davies Smith, Fernbrook, and Amacon have embraced the city of Mississauga as the next chapter of major urban advancement in the Greater Toronto Area. The Mississauga Condo market has experienced tremendous growth in the past three years since the increase in new condo development began in 2002. Mississauga Condo rates have appreciated *(11.93%) since April 2006 in only three years. In other words mississauga condos have appreciated approximately 3.9% each year for the past four years, which is equivalent to earning $7470.33 every year on your condos market value. This represents incredible value to the average condo purchaser in Mississauga, and proves to the buying public that buying a new Mississauga condo is in fact a great investment. See below for the average price of a Square One Condo year over year for the past four years.

Square One Condos

? April 2007 = $197,305
? April 2008 = $215,880
? April 2009 = $210,267

The most incredible statistic is when you take a closer look at the appreciation that the Mississauga Condos have experienced over the past decade. Ten years ago, the average price of a Mississauga Condo was $128,823. This represents a 63.22% appreciation in value in just ten years. It is equivalent to receiving a cheque valued at $8144.40 every year for the past ten years. The great news for investors and Mississauga Condominium purchasers is that because Mississauga condos are still very affordable, there is still an incredible amount of room for growth and possibility to experience appreciation year over year.

When buying real estate make sure you buy in the right area, Toronto classifieds services look at statistics and supply much needed of the area and how high the market is with this particular investment, Mississauga is a fast growing city and prides itself on being a safer community.

When searching a Condo or a new house in the Greater Toronto area its always good to do a complete backround check and build as much information on the property you are looking to aquire. Using Toronto classifieds sites like Canadadeals.ca or other Mississauga or Toronto based classifieds services will put you on the right path to a successful investment.
Research is a must and a huge asset when purchasing any new property, with the power of free classified ad sites the resources are unlimited.

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