Mississauga Real Estate
Mississauga Real Estate
Located on the shores of Lake Ontario, in the western part of the Greater Toronto Area (GTA), Mississauga is the 6th most populous municipality in all of Canada. Boasting beautiful shores, a thriving real estate market, and a good economy, Mississauga appeals to singles and families alike. This multicultural and fast-growing city is one that attracts the young and old, making the Mississauga real estate market appealing to a variety of buyers.
Having originally been inhabited by Iroquoian and Algonquian-speaking people, the name Mississauga comes from the word “misi-zaagiing” which means “Great River mouth.” Originally developed as a suburb of Toronto, Mississauga became a town in 1968 and a city in 1974 and has since expanded its city limits by purchasing land from the Town of Milton in 2010. The city was listed in 2011 as Canada’s 11th best city to live in and has been recognized for its business friendliness, economic potential, infrastructure, and foreign direct investment strategy. Canada’s busiest airport is located in Mississauga and several corporate headquarters call Mississauga their home including Walmart Canada, Target Canada, Microsoft and General Electric. Additionally, Mississauga is the home to the only professional basketball league in Canada beginning in the 2013-2014 season.
Demographics of Mississauga
With a population of 713,443, according to the 2011 Canadian census, Mississauga has almost doubled in size over the past 10 years. According to the census, immigrants make up approximately 50% of the population of Mississauga. English is the main language spoken by almost 50% of the population followed by Urdo being spoken by approximately 5% and Polish by 4%. Mississauga’s population continues to grow and attracts people from around the world. With an average household income above the average at $71,393 and a low unemployment rate of just 5%, Mississauga is appealing on many levels to those seeking a strong market such as the Mississauga real estate market. Continued growth in the real estate market, along with high demand and fair housing prices, reflects some of the appeal of Mississauga.
The famous Carassauga is a culture festival hosted in Mississauga and is the second largest cultural festival in Canada, attracting hundreds of thousands visitors each May. Transportation in Mississauga is primarily via automobile; however, there are three rail systems servicing Mississauga as well as a city public transit service, MiWay, providing bus service throughout the city and to various subway and rail stops to connect to locations throughout the GTA. Mississauga is also the home to Canada’s busiest airport, Lester B Pearson International Airport, which services 75 airlines and approximately 30 million customers per year. In 2010, Mississauga began development of over 900 kilometres (560 miles) of cycling routes in the city, to be completed over two decades, in hopes of fostering cycling as a primary means of transportation within the city, making the Mississauga real estate market appealing to cyclists as well.
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