Mississauga real estate transactions have slowed slightly due to the impact of COVID-19, following a dramatic 56-per-cent spike in activity experienced between January and February 2020. Residential housing prices have remained stable, which RE/MAX attributes to high demand fuelled by the current housing inventory shortage and further fanned by the Bank of Canada’s latest interest rate decrease. Housing inventory challenges are expected to continue through the 2020 spring market.
Low inventory and housing affordability are expected to remain a concern for Mississauga homebuyers, many of them described as either suburban families or those who have been priced out of other areas and are searching for an affordable compromise.
So, what are the best neighbourhoods in Mississauga to buy a house? RE/MAX explores more than 300 of Canada’s most liveable hot spots in the new 2020 Liveability Report. Here are our top picks for Mississauga.
10 Most Liveable Neighbourhoods in Mississauga
- Sheridan Park
- Mississauga Core
Amenity-Rich Neighbourhoods in Mississauga
Other popular neighbourhoods in the Mississauga region are Churchill Meadows, Applewood and Central Erin Mills, given their proximity to big box stores, access to green space, proximity to public transit, proximity to health or medical services, and access to bike lanes and walking paths. Homes found in these neighbourhoods are prominently semi-detached or detached.
Mississauga’s Future Liveability
Liveability in Mississauga is high, and this is expected to stay consistent over the next three to five years. The infrastructure to sustain and enhance liveability has been in place for a long time – we expect this to continue to be maintained and give residents a well-rounded place to call “home.”
Best Places to Live in Canada
Liveability is about quality of life at a local level. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. The COVID-19 tragedy will impact neighbourhood ecosystems differently across the country, just as the virus itself has. Yet, civic/local pride has been proliferating throughout this crisis in inspiring ways, giving Canadians hope that micro-economies, including real estate, have the resilience to be restored in the near and mid-term.
To learn more about liveability in Canada’s biggest housing markets, read the RE/MAX 2020 Liveability Report.