2015 Market Report
Mississauga Real Estate in 2015
Here is my latest video on the Mississauga real estate market, providing a summary of what happened in 2015, and what to expect in 2016.
In a nutshell, the market provided a 9.5% gain in prices for “freehold” properties – i.e. detached homes, semi-detached homes, and freehold townhomes. The condominium market, specifically centered around the Square One shopping mall in Mississauga, showed a 6.5% percent increase, which is still a very healthy rise in spite of many new condo completions in the area.
Future Predictions for 2016
We predict a continuation of the strong market in 2016, based on the three underlying principles which have supported the market over the last few years:
1.) continued low interest rates
2.) continued decent economy in southern Ontario
3.) continued strong immigration into the Greater Toronto Area
As long as these three principles, or “pillars” as they are described in the video, remain in place, it is our estimation that the strong real estate market should continue in 2016.