Mississauga Breaks New Ground

In a first in the nation, a property in Mississauga, Ontario has sold on condition for 33 Bitcoin ($381,872.45 CAD). Elsewhere, a new development in West Village, Port Credit is generating significant excited. The space will be a mixed-use, multi-phased development with approximately 2,500 residential units (housing 5,000 new residents) and 200,000 square feet of commercial, retail, and community uses, creating 1,000 new jobs. The development will be erected along the Lake Ontario shoreline, immediately adjacent to the City of Toronto border.

Generally, residential property sales recorded through the MLS System of the Mississauga Real Estate Board came in on par with levels from one year ago. The average price of homes sold in December 2017 was $675,656, up 4.3% from December 2016. The annual average price was $722,747, rising 15.1% from 2016. Home sales numbered 490 units in December, down just 0.6%. This was also back in line with historical averages. On an annual basis, home sales totalled 9,341 units over the year. This was down 19.8% from 2016. The average number of days on market was 23 last month, up from 17 days the month prior.