Most Canadian home owners who live in Mississauga have become wealthier with time, over renters. Renters are also at a disadvantage because they cannot avail of tax advantages of owning a principal residence. On sale of your principal residence, you do not pay any capital gains tax in Canada.

In Toronto (especially Downtown Toronto, North York, Uptown Toronto and Etobicoke), prices are not only unaffordable, but they are very high in comparison to Mississauga and the rest of GTA. It has become very difficult for first time buyers to get into Downtown Toronto housing market. Renting may be a good option for someone who is living in Downtown Toronto. A smart renter in Toronto might even think of investing in Mississauga. If you are a Toronto renter you know very well that you are helping pay off your landlord’s mortgage payment. By the same token, why can’t you become a Mississauga investor, and have someone else to pay off your mortgage?

Homeownership provides a unique opportunity for people to accumulate wealth. With interest rates so low, your monthly payments help build equity faster.

A knowledgeable local real estate professional in Mississauga can help you understand what you can buy in Mississauga, something that rents faster and is also always in demand.

Buying the right property in the right location at the right time will provide a sense of home ownership, growth, sense of security and a hedge against inflation. Mississauga condominiums are a great place to start.

Condos in Mississauga Square One are always in demand. Majority of condos in Downtown Toronto are investor owned, and this might become the case in Mississauga too. This is because condos are more affordable than freehold properties, easy to maintain, and are always popular with savvy tenants looking for trendy buildings that offer great amenities (indoor pool, gym, party room, concierge, security, recreation room, spa, sauna, etc.).

Mississauga tenant pool is huge and the vacancy rate of Mississauga condos is less than 1%. Mississauga tenants fall into the following categories: new immigrants, local residents, IT professionals working at top corporates based in Mississauga, employees on job relocation, corporate executives etc.