Mississauga, a city located on the pristine shores of Lake Ontario, is a very diverse city with a good variety of neighbourhoods.
A population of over 700,000 residents, makes Mississauga the sixth largest city in Canada!
When choosing a neighbourhood to live in in Mississauga, the condos in the downtown Mississauga (Square One) area resonate really well for individuals and families alike at any stage of their lives. The Square One area in downtown Mississauga and the condos which surround it flourish with diversity and acceptance of people from all different walks of life.
Buying your very first condo is an exciting and rewarding journey, not to mention most likely one of the greatest investments in your lifetime. To ensure a smooth process and a smart and informed purchase, it is important to work with a few key professionals: a real estate agent, a mortgage broker, a real estate lawyer and a home inspector. Not only do these individuals have a great source of knowledge that they are willing to share with you, they will also ensure that you stay on track to a successful purchase of your new dream home.
Congratulations! You have worked so hard waiting for this moment and now you are finally ready to take the plunge into condo ownership. Although this time is very new and exciting, it can also be unfamiliar and overwhelming. To ensure that you remain in control, it is important to develop realistic expectations for your first home and new responsibilities as a homeowner. Purchasing a property is a huge commitment as well as a longer-term investment and each person’s circumstances are individual and different. Here are a few tips when buying your first condo:
The Mississauga City Centre pre-construction condo market is booming with new condo developments around the Square One area.
As a first time condo buyer, it is essential to become familiar with the unique differences surrounding the purchase of a pre-construction condo in comparison to a resale condo. The following are the most important and relevant items to consider: Deposit Structure, Cooling Off Period, Move-In Date & Closing Date (there is a difference), Closing Costs and Why You Should Work with a Realtor.
