Key Statisics, Data & Resources
Source: 2021 Census Canada – Mississauga Census
Source: 2021 Census Canada – Mississauga Census
Public Transit Investments & Key Areas Designated for Growth
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4.6B
Dollars invested in the Hurontario Light Rail System, which will have its starting point at Queen Street East and Hurontario.
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10B
Dollars to be invested in the GO Rail Network to facilitate two-way, all-day 15-minute service, adding tracks, expanding stations, electrification of network, new trains and control systems
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75%
Percentage of growth in Mississauga: concentrated in the Downtown Core, Fairview, Cooksville and Hospital Districts, Central Erin Mills and Intensification Corridors and Major Transit Station Areas like Hurontario and Dundas Streets
Source: Infrastructure Ontario
Average Home Prices in Mississauga
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$1,964,077
Average sold price of a detached home in Mississauga – a 32% increased from January 2021.
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$1,212,399
Average sold price of a freehold townhome in Mississauga – a 27% increase from January 2021.
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$696,704
Average sold price of condominium in Mississauga – 32% increase from January 2021.
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83%
Percentage of prospective Ontario buyers who cannot afford a re-sale home.
Sources: Toronto Regional Real Estate Board, January 2022; Ontario's Housing Supply Action Plan
How does the proposed development for 88 Park St meet the criteria for Ontario’s Growth Plan?
- The Growth Plan Concept is centred on 25 Urban Growth Centres including: Downtown Toronto, Downtown Mississauga, Midtown Oakville.
- Interlinked by existing and planned higher-order transit corridors, major highways, and rail lines, these areas will absorb the most growth and intensification in the Greater Golden Horseshoe.
- The secondary focus of growth and intensification is to transit corridor and station areas, both existing and planned. The Growth Plan identifies a Major Transit Station Area as generally an 800-metre (walkable) area around a higher order transit station.
- A major component of the Growth Plan is to support the achievement of complete communities that are healthier, safer, and more equitable. Condominiums provide an equitable solution to the housing needs of Mississauga’s growing population.
In Ontario’s Housing Supply Action Plan, Minister of Municipal Affairs and Housing, Steve Clark noted the following findings in a Province-wide survey on how to build more affordable homes in Ontario:
- Ontarian’s must protect our environmentally sensitive areas, including the Greenbelt, cultural heritage assets and key employment and agricultural lands.
- Government should focus development in areas with existing services, transit and infrastructure.
- Government should make the most of infrastructure investments and encourage more density around major transit stations.
- Government should facilitate the building of affordable housing options near transit to prevent sprawl and protect agricultural lands.
Additional Resources (Click the links to view source)
