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Mississauga Real Estate Market? Five Things to Know for 2021

Mississauga is a fantastic place to live or invest in real estate. It's the 6th largest city in Canada, only a 30-minute drive to downtown Toronto or just over an hour to Niagara Falls. It's a great place for those looking for work, to live and retire. With a charming lakeside, many parks and fabulous restaurants, you can find your paradise minutes from your front porch. If you are looking to buy or sell property in the area, here are our tips for the Mississauga real estate market for 2021.


Good News for Sellers 

The Toronto Regional Real Estate Board (TRREB), which gathers data on the market on a monthly basis, shows the average price of a house had risen by $100,000 from January to February 2021. This also represents a 14.9% increase from February 2020. A word of caution: we don't know when the rising will stop, so selling sooner rather than later will ensure you too can capitalize on this trend.

Good News for Buyers 

The number of new listings increased from 859 in January to 1,337 in February. There are many opportunities for you to find your dream house, however, properties are going fast. This past month, properties were receiving multiple offers and selling in a very short time period. You must act quickly to get your home!

Luxury Properties in Demand 

The impact of the ongoing pandemic has caused people to be keener than ever to follow their dreams. Often this means changing their lifestyle by moving out of city centres for more space and proximity to green spaces. “Stay at home” orders prompted buyers to find homes with pools or pool-size yards with “staycations” in mind. And, with the increased necessity of remote working, larger properties also offered options for increased office space. These ‘move-up' buyers sought luxury properties, like those in gorgeous Mineola.

Key Locations 

The City Centre, Churchill Meadows, and Hurontario are three popular locations as they are within close proximity to amenities, public transit remains relatively affordable. Those looking for excellent schools may be drawn to Lorne Park, known for some of the most desirable schools in Mississauga. For those seeking a trendier lifestyle, Port Credit is often the location of choice.

It's a Great Time for Investors 

The word ‘investors' can conjure up a mental image quite unlike the reality. Many real estate investors are simply normal homeowners. Investors can write off expenses against the income from rent, and with the tenant paying the mortgage, there is the expectation of benefitting from anticipated future house price values. This, in conjunction with low interest rates for the foreseeable future, makes it a great time to invest in real estate.

Real estate in Mississauga had a great 2020, and this looks set to continue for 2021. Whether you are moving up, across, retiring, or investing, 2021 will be an excellent time to do so. Call Nancy at 416-985-1486 or Dave at 416-894-4079 at GTA Selling today. 

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PROPERTY CRUSH - "SCHITT'S CREEK MANSION"

Love it for the unique story behind it….


The Versailles inspired mansion was featured in the Emmy award winning Canadian show Schitt’s Creek. Fan’s of the show take note! The Belle Maison, located in the the prestigious St. Andrews-Winfield Toronto area, boasts 12 bedrooms, 16 washrooms, Sistine Chapel inspired frescoes, ornately carved limestone, indoor and outdoor pools, a gym, theatre, grand marble staircase and 4 car garage.


30 Fifeshire Road - Toronto

Last Asking Price: $19,888,888

Currently Unlisted
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Selling Your Home During a Pandemic? Navigating the Toronto Housing Market in Uncertain Times


The coronavirus pandemic is creating a unique set of circumstances for nearly every industry. The received wisdom isn't always working these days, and if you're trying to sell your home during the pandemic, you need more than just general knowledge about the Toronto housing market. You need specific, real-time information about how things are playing out.

Navigating the Toronto Housing Market in Uncertain Times

1. Know What's Happening

The Bad News

There's no way to sugar-coat what's happening. The real estate market throughout Canada, and in Toronto, is reeling. Adjusted seasonally, the market for homes has fallen more than 66% since March.
 
Some of this is due to required social distancing, which makes it harder to get buyers in to look at a home. The economy has also taken a hit, driving down prices from March even as buyers decide to wait a bit before making a move.

The Good News

The good news is that the market is still holding its own. Yes, there has been a price drop since March, but the average selling price hasn't changed much year-on-year from this time in 2019, and the benchmark price rose by 10%.

This is due in part to the new reality of the home as the center of the universe. People are working from home, educating their kids from home, even attending parties and church from home. Home prices are stable in part because, even as the economy dips, the home is more important than ever.

2. Get Digital Assistance

Because things are changing quickly, it's more important than ever to work with someone who has their ear to the ground. You're going to need them to help you think outside the box.

Choose agents with a 24-hour-a-day online presence and the tools to offer digital solutions. Agents who are already connected and used to a digital environment will be ready to help you work around traditional marketing tactics that can't be used during a pandemic.

3. Develop Pandemic Strategies

Ask About a Video Tour

Now is not the time to be hosting an open house, but it's a great time to put together a video tour to upload with photos to MLS websites.

A video allows buyers to actually feel the layout of the home in a way static pictures cannot. While potential buyers will always have to come to see the place in person eventually, you'll narrow the field more quickly to the truly serious buyers by providing a good video.

Stay Clean

Clean your home between showings, and make sure anyone who comes to see it knows you're taking sanitation seriously. Make people feel safe about coming, and you'll get more serious inquires.

Learn to Use Teleconferencing

Another reason to work with an excellent local Toronto agent who can navigate the digital world? Technology allows you to do much of the process online--if you have the right tools. You can talk with buyers, hold negotiations, meet with your agent, and even sign contracts remotely.

Get the Help You Need

A great agent is always essential: that has never been more true. It is possible to sell your home quickly and for a reasonable price, even during a pandemic. Reach out to GTA Selling now and make it happen.
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Is Etobicoke Real Estate a Good Investment?


Real estate in the Toronto area has been more popular than ever in the last couple of years - Toronto and its neighbouring areas are the places to be for young people, growing families, and those who are interested in taking advantage of the easy commute options to get around the city. But is Etobicoke real estate a good investment overall? Yes, and we're happy to explain why.

3 Ways Etobicoke Real Estate Is a Good Investment

1. First-Time Buyers

First-time buyers usually put a lot of careful thought into investing in a house or condo that they plan to live for the foreseeable future. Fortunately, Etobicoke is a neighbourhood great for first-time buyers, including those with children.

If you've finally had enough with renting cramped apartments or you're ready to upgrade, Etobicoke has plenty of housing options near convenient public transit, markets, and schools.

New Developments Are Popping Up Everywhere

One of the most exciting things about Etobicoke real estate is the fact that new developments are on the rise, especially when it comes to condominiums.

A condo in this neighbourhood will be recently built with all the amenities and room you need, all without the competitive - and expensive - units available in Toronto proper. Condos in this neighbourhood are also ideal for commuters.

2. House Flippers

If you're a house flipper, someone who buys older properties and gives them a total overhaul for a better sale later one, then you should be pleased to learn that the housing in Etobicoke is particularly good if you can find a buyer who wants to upsize from a smaller residence.

Renovate Classic Residential Neighborhoods

The classic residential neighbourhoods in Etobicoke have seen a surge of renovations lately. Most of these renovations honour the classic structure of these homes while still modernizing their interiors to be more attractive to contemporary buyers: mainly families that are looking for more room.

3. Property Investors

For property investors, Etobicoke is probably your most exciting prospect right now. This is a neighbourhood gaining a lot of popularity recently and has a slew of new developments, businesses, and conveniences that are drawing more people to the area. This is why it might be time to strike while the iron is hot and invest in a property you can rent out.

Why Renting Your Property Out Is a Good Idea

Renting your property out is not only a reliable way to make steady revenue, but it also gives you more opportunities for investment. Rental properties allow investors to have tenants who are looking for affordable quality housing, which means you may soon be able to make another property investment.

Just remember to move fast to buy and renovate the property for rental - the real estate market here is hot and properties are sold quickly.

Etobicoke might be the most promising real estate in the greater Toronto area, which means it's an excellent opportunity for real estate investment. Whether you're a first-time buyer or you're planning on renting your property out, Etobicoke is swimming with new developments and opportunities. Contact GTA Selling Real Estate in Toronto, Ontario to learn more.
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