May 24, 2018
The Top 10 Most Expensive Condo Buildings in Mississauga
In a market as hot as the Greater Toronto Area’s, condos continue to be a last bastion of affordability for many would-be buyers; this has sustained demand and driven prices for multi-family housing, even as prices and sales soften across other home types in the months following the Ontario Fair Housing Plan.
In fact, condos were the only segment to post year-over-year price appreciation, up 3.2 per cent to an average of $559,343, according to the April report released by the Toronto Real Estate Board.
And, as buyers increasingly seek affordable options throughout the GTA, Mississauga is a popular buying destination, offering good value as well as return on real estate investment; over the last year, Mississauga condo prices rose 5.5 per cent, to $435,254 – more affordable than the TREB average, and well below the average of $601,211 buyers can expect to pay for a unit in the 416.
Related Read: The Top 10 Best Appreciating Condos in North York
The price difference between condos for sale in Mississauga and detached homes is also substantial; buyers can expect to pay on $663,657 more for a single-family home, which cost an average of $1,098,911 in April 2017.
What Are the Most Expensive Condo Buildings in Mississauga?
This has all contributed to steady demand for units – but some buildings are appreciating in value at a faster clip than others. To identify which Mississauga buildings fetch the most for a unit, Zoocasa analyzed sales in over 100 developments in the city, where at least five transactions had taken place, and averaging the square foot based on TREB sold data for the 2018 year to date.
Check out the 10 most expensive condo buildings in Mississauga in the infographic below:
Methodology: Zoocasa analyzed over 100 condo buildings in Mississauga to identify the buildings with the highest prices per square foot, based on sold prices in the year to date in 2018 (January to May). Only buildings with at least five transactions in 2018 were included. Sold prices of individual condo units were sourced from the Toronto Real Estate Board. All calculations are by Zoocasa.