Townhome Projects in Mississauga

Browse the projects below for details and availability. Sales and construction information is shown on each project page.

Projects

Original guide information

The following guide was last updated 2024-07-30. Prices, statistics and availability in this historical text may have changed. Refer to the project pages or contact us for current information.

Why You Should Invest in Mississauga Real Estate

Mississauga is a city in the Peel Region, within the Greater Toronto Area, with a population of 720,000 people. Mississauga is culturally diverse, with people of all backgrounds and cultures. Pre-construction townhomes in Mississauga are a good option for individuals or families wishing to upgrade or invest, as the city has a lot to offer. Mississauga is a city full of facilities, including a broad range of business sectors, green areas, public transportation options, and other attractions. The city of Mississauga is surrounded by Highways 401, 403, and 407. Investing in new townhomes in Mississauga will allow homeowners to easily move throughout the city and to other areas within the GTA.

Why Buy a Pre-construction Townhouse in Mississauga?

Mississauga is a thriving city and is one the largest and culturally diverse cities in all of Canada and the GTA. There are many career opportunities in the city, many options for education, and numerous city attractions that one can enjoy when on the market for a pre-construction townhome in Mississauga. Being one of the most diverse cities in the GTA, each neighbourhood has something different to offer. There are many upcoming new townhome developments in Mississauga, many along with the suburban neighbourhoods such as Erin Mills and Clarkson. Purchasing a new townhome in Mississauga is ideal for those who want to be close to Toronto for work but don't want to deal with the city's real estate market. Mississauga has many commercial areas where residents can shop, and residents can seamlessly travel through the city and GTA using MiWay and GO Transit. Mississauga is an excellent place to buy a pre-construction townhome as it provides residents with access to various city amenities, a wide variety of career opportunities inside the city, and quality educational institutions.

Working in Mississauga

Many local and international companies call Mississauga home, providing a variety of career options for many people. The city boasts a rich industrial and commercial landscape with several work opportunities. Microsoft Canada Co., General Mills Corp., Wal-Mart Stores Corp., and Newell Rubbermaid are among the city's 60 Fortune 500 Canadian companies. There are many career opportunities in industries such as automotive, aerospace, pharmaceuticals, information technology, and many others. Mississauga is also well-known in the financial, insurance, and real estate industries. Mississauga's cultural diversity allows for growth in a variety of businesses and corporations. Mississauga's average hourly rate is $19.72 per hour, which is higher than the provincial minimum wage, and the average annual salary is around $60k. The current percentage of Mississauga residents in the labour force is 61.2 percent, which is slightly lower than the national rate of 63.9 percent.

Average Townhome Prices for Mississauga in 2024

The average selling price of all types of homes in Mississauga, including new townhomes, has increased to $1,097,815, according to recent market reports of Q1, June 2024. In 2024, the average cost of a townhouse in Mississauga is $1,039,745, with listing days on the market now reaching 13 days. The median list price of homes in Mississauga, ON, for Townhomes was $953,197 in June 2024 trending down slightly by 0.13% month-over-month. Many buyers are now opting to purchase new townhouses in Mississauga instead of resale homes to make the most of opportunities in today's market with the rising prices. Those considering a semi-detached home, which now averages at over a million, may find a new townhome a more affordable option.

Mississauga's Neighbourhoods

Mississauga is one of Canada's top ten most multicultural cities, with 22 unique neighbourhoods. Applewood, Clarkson, Erin Mills, Streetsville and East Credit are all popular communities to look at if you're looking for a pre-construction townhome in Mississauga. In Mississauga's east end is a fantastic suburban community called Applewood, where residents have easy access to both Toronto and Mississauga's downtown areas, as well as a number of public transportation lines and community amenities. Applewood real estate, like many other Mississauga areas, is made up of single-family houses, townhomes, and condos. If you want to be close to the city centre of Mississauga or Toronto, Applewood is a great spot to browse for new townhomes in Mississauga. The Clarkson area is becoming a trendy option for young people and new families and is ideal for those that want to be a part of a small lakefront community.Clarkson is next to the QEW, so commuters can conveniently access public transportation. Clarkson residents can enjoy the area's many waterfront parks and trails, as well as the lakefront commercial area, where they can attend local events or visit small local shops. Erin Mills, located in Mississauga's west side, is another excellent suburban neighbourhood. Erin Mills is a family-friendly community with many community centres and shopping areas, as well as several public and Catholic schools and the University of Toronto Mississauga campus. Residents of Erin Mills can spend time in the neighbourhood’s many community parks and walking trails. If you are looking to move to a neighbourhood that feels like a town of its own, look no further to Streetsville. Located on the west side of Mississauga, Streetsville is a quaint neighbourhood with its own town square, where residents can stroll through small boutiques or dine at locally owned eateries. Streetsville is a perfect place for those who want a small-town feel, as the community has many programs and clubs that their residents can take part in. Directly east of Streetsville is East Credit. The East Credit area is a developing suburban community, who’s residential properties are composed of detached and semi-detached homes and townhomes, with few condominiums. East Credit has many shopping areas with large outlet malls as well as big-box centres. Residents of East credit may need to travel to neighbouring areas, as there are limited options for parks and recreational amenities in the area. Look no further than these neighbourhoods if you're looking for new townhomes in Mississauga.

New Townhomes Mississauga

In the last 30 years, the population of Mississauga has increased by more than fourfold, making it the second-largest city in the Greater Toronto Area and the third-largest city in the province of Ontario. Mississauga has seen a surge in the number of new condos as the city grows. Due to the city's broad offerings, buyers might consider buying pre-construction condominiums in Mississauga. The population will continue to grow at a rapid rate due to business prospects in numerous industries such as automotive, aerospace, bio-medical, and information technology. Mississauga has over 100 public elementary and secondary schools that are served by the Peel District School Board and over 80 Catholic elementary and secondary schools that are operated by Dufferin-Peel Catholic School Board. For post-secondary education options, Mississauga is home to University of Toronto Mississauga, Lambton College Mississauga, and Sheridan College, and 20 minutes east from the Mississauga is Humber College located in Etobicoke, Ontario. To travel within the city and throughout the Greater Toronto Area, Mississauga has made significant transportation upgrades. The Hurontario LRT is one of Mississauga's efforts to make transit more convenient. Commuters with a Presto Card can use Mississauga’s transit provider, MiWay, as well as on 11 transit agencies all over the GTA, including GO Transit and TTC. Mississauga is also surrounded by three major highways: the 407, 401, and 403, which all give easy access to neighbouring cities. There are several residential options in Mississauga, from single homes, townhomes and condos. As the city continues to grow, there are many new residential developments in the city. If you are looking for pre-construction townhomes in Mississauga, there are a total of 22 neighbourhoods in the city. Each neighbourhood is unique and has something for every resident or homeowner. Locals can enjoy the city’s natural parks, green spaces, and waterfronts.

Working in Mississauga

The average hourly rate in Mississauga is at $19.72 per hour

Working in Mississauga

This is above the provincial minimum wage, and the average annual salary is around $60k

Working in Mississauga

The current percentage of people in the Mississauga labour force is 61.2%, which is slightly less than the national rate of 63.9%

Working in Mississauga

The current unemployment rate in Mississauga is at 13.1%, which is above the national unemployment rate, which is currently at 8.1%

What should I know when looking at new pre-construction townhomes in Mississauga?

When checking out a new townhome in Mississauga, it's good to look into things like amenities nearby, average prices in the area, potential for price appreciation, and commute times to major highways or destinations. Don't forget to read all the fine print in purchase agreements too. Planning ahead will help you choose the best new project for your needs and budget.

How do property taxes work for new townhomes in Mississauga?

Taxes on brand-new residential properties in Mississauga are based on the assessed value set by MPAC, which may be adjusted over time. Rates tend to be very reasonable in the first year after occupying. Make sure to budget some room for inevitable increases later as values rise. Your real estate lawyer can provide estimates during the buying process.

Should I use a realtor when buying a pre-construction townhome in Mississauga?

It can't hurt to have a buyer's agent represent you when navigating the new or pre-construction townhome in Mississauga. Good realtors know all the latest townhome community launches and floorplans, plus they can help negotiate and review contracts. Just be sure to confirm their experience with pre-construction. A little expert advice goes a long way in such a big purchase.