New Condos Mississauga

The average price per square foot for pre-construction condos in Mississauga ranges from $1,200 to $1,400 in January 2025, with the average sale price for condos being around $538,316.

New builds in Mississauga offer fitness and wellness facilities, outdoor spaces, and entertainment areas. They also provide co-working spaces, pet-friendly amenities, and security features, as well as parking and storage options. These amenities cater to diverse resident needs and preferences.

Buying a new condo in Mississauga or new townhomes in Mississauga in 2025 offers strong rental demand, affordability compared to Toronto, and growth opportunities in a developing city. Consider the welcoming atmosphere, population growth, and new developments in Mississauga when exploring new condo opportunities for a promising investment.

In January 2025, Mississauga, Ontario’s median rent for all property types is $2,549, a 32% increase over the national average. With condos priced at an average of $3.19 per square foot and high demand, we expect the vacancy rate to stay under 2% for the year.

Mississauga’s public transportation system includes a comprehensive network of buses, rail services, and highways for efficient connectivity. MiWay operates an extensive bus network, including the Mississauga Transitway, with links to neighbouring transit systems. Three GO Transit rail lines, the Union Pearson Express, and the under-construction Hurontario LRT provide convenient rail connections. Major highways like the QEW, Highway 401, 403, and 427 offer essential road infrastructure. The proposed GTA West Corridor aims to enhance transportation further.

Some of the best neighbourhoods for new condos for sale in Mississauga include:

• Downtown Mississauga (City Centre): Known for its vibrant atmosphere, this neighbourhood offers easy access to shopping, dining, entertainment, and transit options, including the Square One Shopping Centre and the Mississauga Transitway.
• Port Credit: This lakeside community features a picturesque marina, waterfront trails, and a variety of shops and restaurants, making it an attractive location for new condo developments.
• Cooksville: A well-established neighbourhood with a diverse population, Cooksville offers convenient access to public transit, highways, and amenities such as the Trillium Health Partners Hospital and Civic Centre.

Yes, there are several highly-rated schools in Mississauga, both public and private, across different levels of education. Some of the top-ranking schools include Kenollie Public School, Credit Valley Public School, John Fraser Secondary School, and Holy Name of Mary College School, among others. These schools are recognized for their academic excellence and quality of education.

Mississauga’s 2025 economic outlook is shaped by a strategic focus on sustainable growth, technology investments, and anticipated increases in population and employment. The city projects steady economic output and has budgeted for essential services and infrastructure, potentially raising property taxes. Significant spending will go towards road improvements and public services to support growth.

Key initiatives include the Economic Development Strategy (2020-2025), $45 million in road construction projects, the Lakeshore BRT and Eglinton Crosstown West Extension for improved transit, the Lakeview Village waterfront development, an updated Official Plan, and transitioning to a single-tier municipality for enhanced local governance.

The cost of a condo in Mississauga determines the down payment. For condos under $500,000, a 5% down payment is required. If the condo’s price is between $500,000 and $1 million, the down payment is 5% of the first $500,000 plus 10% of the remaining amount. For condos exceeding $1 million, the minimum down payment is 20%.

Mississauga’s SNLR for all property types hit 99.8% in January 2025. This is up from 50.1% in the previous 30 days and 97.2% a year ago, indicating a strong seller’s market and favouring those looking to sell their real estate properties.

The condo market in Mississauga is currently a seller’s market, meaning demand exceeds supply. As a seller, the market is indeed in your favour.

Reasons for high new condo prices in Mississauga:

• High land and construction costs
• Strong demand from buyers
• Luxurious amenities and modern finishes
• Speculative investments
• A limited supply of new condos

If you want to keep up-to-date with new developments in Mississauga, consider signing up for our newsletters and registering for updates from our developer pages. Additionally, Platinum Condo Deals provides regular updates and exclusive access to new listings.