Economy:
Among fortune 500 companies over 60 of the companies have their Global or Head offices located in Mississauga. Industries includes pharmaceutical, banking and finance, electronics and computers, aerospace, transportation and equipment industries. Few honorable mentions are Citi Bank Canada, Royal Bank of Canada, Microsoft Canada, Laura Second Chocolates, Hewlett Packard, Air Georgian, Air Canada Jazz, Magellan Aerospace, Honeywell Aerospace, Wal-Mart Canada and Kellogg’s Canada.
Attractions:
Civic square in Mississauga is used for summer festivities. Mississauga organized over 60 free events to attract visitors to city square. Most of these events include Senior’s day, Family day, Vintage Car and main events like Canada Day Celebration, Rotary Rib fest, Tree Lighting ceremony and Beach fest. In October 2012, the numbers of visitors attracted were one million.
The Art Gallery of Mississauga is a public gallery and a not-for-profit art gallery. It offers free entry and is open seven days a week. The Art Gallery is currently working on creating a digital gallery.
Square One Shopping Center, the largest shopping center in Canada is also situated in Mississauga. It has 350 stores and attracts 24 million visitors every year.
Due to overwhelming tourist attractions and booming economy, city has a huge demand in Real Estate. Mississauga has attracted a lot of foreign interest in its Real Estate market. In Mississauga during 2015 the average sale price for a house of all types was 546,000 Canadian dollar. The average price for a detached home was recorded at 868,000 Canadian dollar where as in Toronto its well over a million.
The difference in pricing between Toronto and Mississauga tends to get buyers from Toronto moving into Mississauga. This reflects the real estate potential of Mississauga from the investment point of view as well as for the settlers.
In 2015 prices were increased over 7.9% and average sale volume was up 4% year over year. The average days on market was 22 days and the average list to sell price ratio was 99% averaged over the year. This means if the house is available to be sold in the market it will sell 99% of asking on an average of 22 days.
By looking at above stats it can be pretty much said that it is a seller’s market and buyers tend to be in multiple offers in searching for their desired house. It is predicted that in 2016 the prices will see a drop due to higher prices recorded last year and strict lending rules introduced by the Bank of Canada on insured mortgages and decreased down payment for larger mortgages.
In Mississauga higher exports to US and EU have created manufacturing jobs. And due to the increase jobs there will be more demand for the Real Estate.
Property sale in June was valued at $864 million. Which is huge rise by 19.9% compare to 2015. This was the highest volume on record.
Real Estate Lawyers in Mississauga:
Transactions in Real Estate are not as simple as they appear. It requires documentation and binding of contracts between two parties. Many people are unaware of the complexity of legal work involve in it. In order to obtain peace of mind and security a Real Estate Lawyer has the potential to deliver to its clients with complete satisfaction.
Real Estate Lawyers have a network of lawyers throughout Greater Toronto Area (GTA) serving clients at various locations. With no hidden charges the lawyer’s fee are mentioned on the website which reflects the credibility of Real Estate Lawyers.
