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About Mississauga, Ontario

Mississauga is Canada's 6th largest city with population of more than 730,000. It is 3rd largest FIRE (Finance, Insurance, Real Estate cluster). The Greater Toronto's FIRE sector including Mississauga is 3rd largest in North America and amongst largest in the world. Mississauga is one of Canada's best cities to live as per MoneySense's Canada Best Cities to live 2010 report.

City of Mississauga has earned 'AAA' credit rating; six years  in a row (2003-2009), by Standard & Poor's Ratings Services, based on the City’s exceptional liquidity levels, debt-free position, and strategically located economy.

Mississauga is the home to Pearson International Airport, Canada's largest airport and  only city in GTA, with access to seven major highways. Read Mississauga's economic indicators.

Average household income is $97,480 per annum, above both provincial and national averages. Mississauga is also the safest city to live in Ontario with lowest crime rates.

Over 54,500 businesses, 422,590 employees and 61 of Fortune 500 Canadian head offices are in Mississauga. Over 82.35% of Mississauga's resident labour force has post-secondary education.

City of Mississauga prides itself on being an environmentally responsible community. Take a read through Mississauga's Communities in Bloom profile book and learn about the unique programs, initiatives and partnerships between all sectors of our community.

Mississauga has more than 480 parks and woodlands for you to discover. Here you can enjoy a variety of active recreational activities. Mississauga's extensive trail system including scenic Credit River, offers a serene and tranquil setting for you to enjoy and stay fit. Trails can be used for walking, cycling, jogging, inline skating and even cross country skiing during the winter months.

The University of Toronto Mississauga is one of top higher education institutions in Mississauga. Sheridan college is soon establishing a campus in the heart of Mississauga City Centre.

Key business sectors: Biomedical/ Pharmaceutical, FIRE, Consumer Products, Information Technology, Automotive, Aerospace and Financial Services. Telecommunication: 100% digital switching using state of art technology. Major centre for successful call centres. Top Mississauga Employers.

Mississauga City Centre- The place to be

Mississauga's Official Plan provides a new policy framework to direct growth to where it will benefit the urban form, support a strong public transportation system and address the long term sustainability of the city.

A major revitalization project is under its way in Downtown Mississauga that will transform the area around City Hall into a huge gathering place. This project, at an estimated cost of $40 million, will help Mississaugans to come together and celebrate year-round activities. Once completed, the area will host major events. Other features may include: a large open lawn, an extended art gallery, a redeveloped amphitheatre, a café on the square, a permanent concert and event stage, a marketplace and a glorified signature entrance to City Hall.

Future projects may also include: revamping Square One and the sprawling surface parking lots that surround the mall adjacent to the City Hall.

Mississauga Civic Centre

Mississauga waterfront is unique and a valuable asset that is being strategically planned, developed and maintained. Mississauga's 22 waterfront parks vary in size, use and features. To ensure a sustainable waterfront parks system, the City of Mississauga's "Waterfront Parks Strategy" gives clear direction on how to improve upon existing links, amenities, features and uses of Mississauga waterfront parks.

Real estate update: Mississauga is nearing the end of its life for suburban residential development. Housing in the Churchill Meadows is the only big project that is nearing with the exception of many condominiums in Mississauga Square One , that will be the next big thing.

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Ontario

Ontario's 12.5 million people make it Canada's most populous and dynamic province.  Over the next 30 years, the number of people living in Ontario is expected to grow by approximately four million. The McGuinty government is committed to ensuring that this growth contributes to prosperous, healthy and diverse communities in all parts of the province.

On June 13, 2005, the Places to Grow Act, 2005 received Royal Assent. Primarily, the Growth Plan attempts to prevent urban sprawl, revitalize urban centres, and reduce congestion by intensifying growth in existing urban areas and requiring new development to make provisions for transportation alternatives such as transit, walking, and cycling.

Highlights

  • By 2015, 40% of all new residential development, occurring annually within each municipality, will have to be within already built-up areas. Identifies 25 "urban growth centres" to be targets for higher amounts of growth.
  • Establishes various minimum density targets for new development.
  • Promotes mixed-use, transit-supportive, pedestrian-friendly communities.
  • Restricts conversion of employment land uses to non-employment uses.
  • Restricts the expansion of areas designated for development by municipal Official Plans.

According to the Growth Plan, the entire region is expected to grow by 3.7 million people by 2031, with 75% of that growth occurring in the Greater Toronto Area. The largest increases in the GTA will be experienced in the Regions of Peel (up 59%), Durham (up 81%), York (up 97%), and Halton (up 100%). The Cities of Toronto and Hamilton will also see significant increases (19% and 29% respectively).

Almost 5 million people live the GTA. Employment in the GTA will also see significant increases by 2031 with more than 1.3 million more jobs, a 47% increase.

The key strategy is to increase the capacity of existing built-up areas. Therefore, the Growth Plan requires that, by 2015, 40% of all new residential development, occurring annually within each municipality, be within already built-up areas.

In addition, the Growth Plan establishes 25 specific areas as targets for growth, which includes Mississauga City Centre. As the primary areas for growth, these so-called “Urban Growth Centres” will be the focus for transit and infrastructure investments. By 2031, development in these urban growth centres will be required to achieve minimum density targets that are higher than other areas.

New development in Urban Growth Centres in Toronto will be required to meet a target of 400 people and jobs combined per hectare. New development in Urban Growth Centres in the GTA will be required to meet a target of 200 people and jobs combined per hectare. New development in Urban Growth Centres outside of the GTA will be required to meet a target of 150 people and jobs combined per hectare.

The Growth Plan acknowledges that not all of the expected population and job growth can be accommodated within existing areas. Some growth will occur on “greenfields”, areas.

On Jul 15, 2008, Ontario made the largest commitment in Canadian history, setting aside at least half the Ontario's Northern Boreal region ( almost the size of the United Kingdom) for permanent protection. The announcement is globally significant in the fight against climate change.

Learn more about Ontario

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Amit Kalia,
Broker
RE/MAX Legacy Realty Inc. Brokerage
independently owned and operated
220 Burnhamthorpe Rd W #102, (fronting SQ One mall)
Mississauga ON L5B 4N4

Work: 905-795-1900
Cell: 905-339-5111
condopundit@gmail.com

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