Condo Developers in Mississauga
Mississauga has an active group of condo developers working in the city. Although much of the activity is centred in the area surrounding Square One Shopping Centre, there is also considerable work taking place in other parts of the city, including Erin Mills, Cooksville, and Port Credit.
Many factors have contributed to the gradual metamorphosis of Mississauga.
The city was originally a typical suburban area, where single family homes were the overwhelming choice for homeowners, and everything was car-dependent.
There were a few mid and high-rise rental apartments built, starting in the 1970’s, and the first condominiums also appeared at this time.
The first big spurt of condo construction began in the late 1980’s when areas around the newly opened Square One Shopping Centre became an attractive housing choice. Today we see the condos on streets such as Webb Drive and Kaneff Crescent as the precursors of today’s condo boom.
As house prices rapidly escalated in the 1990’s and early 2000’s, many homebuyers chose to enter the housing market through more affordable condo ownership. During this time, there was also a shift in values, where many people decided to turn away from automobile-centric lifestyles. So the shift to condos continued.
Investors, as well, realized that profits could be made both in buying pre-construction condos, as well as in owning condo rental properties.
Mississauga Development Today
Today we find a downtown core in the Square One area that is almost unrecognizable from its semi-rural roots in the 1970’s. There are high-rise condos built and under construction around Square One that are 60 storeys and more.
There is a different urban vibe to the area.
The switch to public transportation will further accelerate the trend towards condos. The long awaited Hurontario LRT is expected to open in late 2024, and there is already considerable high-rise condo development both planned and underway along its 18km route.
There are considerable development pressures for taller buildings and increased density along the entire LRT corridor. This includes requests for tall condo buildings in Port Credit near the Port Credit GO Station.
We expect that the planned Dundas St. bus rapid transit corridor will also spur development along the length of this major thoroughfare.
Mississauga Condo Developers
Today, there are several major real estate developers who are working actively in the Mississauga area, with Oakville and Brampton also seeing surging activity.
Some of the companies that are active in this part of the Greater Toronto Area include:
- Amacon Developments
- Conservatory Group
- Daniels
- Edenshaw
- Fram + Slokker
- Kaneff
- Pemberton
- Pinnacle International
- Rogers
- Tridel
and there are many more. Check out our individual developer profiles for current information on their recent projects here.
The Future
What does the future hold for condo development in the GTA? We believe that affordability issues with single family housing, the ongoing housing shortage with its huge imbalance of supply vs. demand, and homeowner’s choices to move away from traditional suburban values means a bright future for condos.
As people embrace the efficiencies of using public transit, you will see a robust market for condos along existing and new transit corridors.
In ten years time, we expect many more high-rise condos to be built, and many more people to be living in them.
In conclusion, we hope you have enjoyed this brief summary of condo developers in Mississauga and surrounding areas.
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