inCondo Blog

Blog Posts Concerning the Condo Real Estate Industry in Mississauga

Pre-Construction Condos

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.

There are many reasons why people decide on the purchase of a condominium. For some, buying a condo means owning their very first starter home and entering the real estate ownership market for the very first time. For others, the purchase is strictly a committed capital investment. Still for others, it is the perfect downsizing option that offers endless social activities. Regardless of the reason for the decision, more and more Canadians are leaning towards this booming market. There are plenty of advantages in condominium ownership and you may find that this decision is the perfect one for you.

Money is saved and set aside. Google searches are exhausted. Loads of advice and recommendations from friends, family members and even strangers has been passed down. You feel as though you are finally well-prepared to take the plunge and purchase a pre-construction condo. You can barely contain your excitement, as you think about visiting models suites and viewing floor plans. Instinctively, you want to head straight to the sales centre and sign up… HOLD IT RIGHT THERE – THIS MISTAKE MAY COST YOU!

The excavation for Block Nine condos has begun and construction is well underway. The official ground breaking ceremony took place on April 18, 2017 and the first construction equipment was on-site the same day to start the dig for the foundation. Block Nine Condos are the latest addition to Parkside Village by Amacon, soon to be followed by Avia Condos. Congratulations to everyone that has purchased!

Avia Condos are the latest two towers to be added to Amacon's Parkside Village master-planned community at the corner of Confederation Parkway and Parkside Village Drive in Mississauga.
The two towers are approved to be 40 & 48 storeys respectively, adding approximately 1,000 suites to the City Centre neighbourhood of Mississauga.
These newest Mississauga condos will be located walking distance to Square One, Celebration Square, Sheridan College (to become Sheridan University by 2020), Cineplex Theatres, Mississauga Civic Centre, Mississauga Central Library, just to name a few amenities and only steps away from the future Hurontario LRT (construction set to start in 2018).

The long anticipated release of Edge Towers is finally here!

Edge Towers is a new master-planned community by Solmar Developments, consisting of three standalone towers. The development is located on the south-west corner of Hurontario St and Elm Dr W in Mississauga and spans Elm Dr to the most westerly-end of the site near Elm Dr W and Kariya Dr, where you will find greenspace and a parkette. The first tower will be comprised of 293 suites, which will contribute to over 1,000 new condominium residences once all three phases are built.