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Mississauga is Ontario’s third-largest city bordering Toronto on the eastern side, Brampton to the north, Oakville to the west, and the lake to the south. It is the sixth-most populated city in the country, third-most in Ontario, and second-most in the Greater Toronto Area (GTA).
The city’s population in 2016 was 721,599, with around 52.4% of the population consisting of members from a visible minority. The median age in the city is 35.
Being a large city, immigrants and locals from other areas of the country prefer relocating to Mississauga. And to accommodate such a significant number, the government is constantly working to offer multiple options for living.
Talking about moving to Mississauga, you must know about the city’s housing market. This understanding would help you plan better.
For instance, if you’re planning to relocate to the city, this ‘bungalows for sale in Mississauga’ page would give you a good idea about home prices in different areas of the city, and from there you could decide if you prefer living near your workplace or away from it.
At Bungalow Finder, we understand buying a home is not easy. But we tend to make your journey quite exciting. We update our bungalow listings regularly to make it easy for you to find your dream bungalows for sale. Not only this, but we are always open to supporting our clients.
If you want to know more about the city’s housing market, we would love to assist you. Just send your query here, and we will return with a solution.
The Europeans reached the city back in the 1600s. At that time, both Iroquoian- and Algonquian-speaking people lived in the Credit River Valley area.
In 1967, Toronto Township (1805) residents voted to rename the town Mississauga.’ Though there are different interpretations of how the city got its name. The most prominent one is when in 1965, the Toronto Township applied to the Ontario Municipal Board (OMB) to rename the town.
As many as 889 suggestions came from the residents, where ‘Mississauga’ was the most voted one, it got its new name. The word ‘Mississauga’ came from the Anishinaabe word ‘Misi-zagging,’ meaning "[Those at the] Great River-mouth.”
Over 60 of the Fortune 500 companies have settled their bases in Mississauga. In addition to this, industries participating in driving the city’s economy are pharmaceuticals, banking and finance, electronics and computers, aerospace, transportation parts, and equipment industries.
TD Bank and the Royal Bank of Canada also have their offices in the city. Moreover, several aircraft development companies, including Magellan Aerospace and Honeywell Aerospace, operate from this city.
The University of Toronto Mississauga is one of the three campuses of the University of Toronto and is located in the city. Over 13,200 students have been enrolled in the university in different departments, including Institutes for Management and Innovation, Communication, Culture, Information, and Technology.
Schools offering specialized programs in the city include Applewood Heights Secondary School, Clarkson Secondary School, and Streetsville Secondary School, St. Thomas More School, Lorne Park Secondary School, Philip Pocock Catholic Secondary School, St. Aloysius Gonzaga Secondary School, more.
Mississauga offers several transportation modes, including railways, busses, and subway. The city has three major railway lines owned by the Canadian National Railway, the Canadian Pacific Railway, and Metrolinx.
For air travel, Lester B. Pearson International Airport is the biggest and most active airport in Canada. According to reports, back in 2015, this airport handled 41,036,847 passengers and 443,958 aircraft movements.
Bus services in the city offer services for more than 90 routes across the city.
There are twenty-two neighborhoods in Mississauga, including Applewood, Central Erin Mills, Churchill Meadows, Clarkson/Lorne Park, Cooksville, Creditview, East Credit, Erin Mills, Erindale, Fairview, Hurontario, Lakeview, Lisgar, Malton, Meadowvale, Meadowvale Village, Mineola, Mississauga Valleys, Port Credit, Rathwood, Sheridan, and Streetsville.
The city is rich in arts and culture. MARTY’s is one of the known arts events celebrating the city's entertainers, artists, filmmakers, writers, and musicians.
Then there are some large festivities, including the Canada Day Celebration, Mississauga Rotary Ribfest, Tree Lighting Ceremony, and New Year's Eve Bash.
The city is also known for holding Canada’s second-largest festival of cultures; Carassauga. Countries from around the globe display their cultures by showcasing food stalls, dance performances, and other activities. The event is held annually in mid-May.
The city's climate is considered to be moderate. July and August record high temperatures up to 27 C, while winters can record below-average temperatures. In January and February, the temperature goes as low as 6 °C.
According to CREA, the number of homes sold was 673 in December 2020, a growth of 71.7% compared to December 2019. It was massive growth for Mississauga in real estate, the largest in nearly 15 years.
However, the yearly growth was not as high as one could expect. The numbers registered on ‘houses for sale Mississauga MLS’ were 8,725 units for 2020, showing a slight increase of 0.2% compared to houses sold in 2019.
The average price of a single-family home is $1,123,600, an increase of 12.7% year-over-year basis.