Discovering Square One: A Guide to Living in One of Mississauga’s Most Charming Neighbourhoods
Square One is a bustling neighbourhood located in the heart of Mississauga, Ontario, known for its commercial and civic amenities, as well as its diverse population. As the largest mall in Mississauga, Square One defines the neighbourhood and serves as a hub for business, residential, and entertainment activities. In this guide, we will explore the latest data for 2022 and 2023, providing a comprehensive overview of what it’s like to live in this charming neighbourhood.
Located in the geographic centre of Mississauga, Square One is bordered by Creditview Road to the east, Rathwood to the west, Hurontario Street to the south, and Cooksville to the north. The neighbourhood’s name comes from the Square One Shopping Centre, which opened in 1973 and has since undergone numerous expansions and renovations to become a massive, modern shopping destination with over 2 million square feet of retail space.
Real Estate Market in Square One
If you’re looking to live in a bustling neighbourhood that’s close to everything, Square One is the place to be. This vibrant neighbourhood in Mississauga is home to a wide range of real estate options, including high-rise condominiums, townhouses, and single-family homes.
1. Overview of the Current Real Estate Market in Square One
The real estate market in Square One has been strong and steady over the past few years, with demand continuing to grow. According to the Toronto Regional Real Estate Board (TRREB), the average price of a home in Mississauga was $1,223,475 in March 2022, a 31.9% increase from March 2021. This trend is expected to continue, with prices projected to rise by 18% in 2023.
Square One remains a popular choice for homebuyers due to its proximity to downtown Toronto, easy access to public transportation, and abundance of amenities. With its prime location, it’s no surprise that Square One is one of the most sought-after neighbourhoods in Mississauga.
2. Average Housing Prices and Trends
The average housing price in Square One varies depending on the type of property. According to TRREB, the average price of a detached home in Mississauga was $1,994,766 in March 2022, while the average price of a semi-detached home was $1,231,913. However, the majority of properties in Square One are high-rise condominiums, which have seen a significant increase in demand.
The average price of a condo in Mississauga was $673,240 in March 2022, a 21.8% increase from March 2021. The average price per square foot for a condo in Square One was $705 in March 2022, up from $586 in March 2021.
3. Types of Properties Available
The majority of properties in Square One are high-rise condominiums, with a small number of townhouses and single-family homes. There are a variety of options available when it comes to condo living in Square One, from older buildings with larger units to newer luxury developments with state-of-the-art amenities.
Some of the most popular condo buildings in Square One include Limelight Condos by Daniels, Absolute World, and Pinnacle Grand Park. These buildings offer a range of unit sizes and styles to suit different needs and budgets.
In terms of townhouses and single-family homes, there are fewer options available in Square One compared to other neighbourhoods in Mississauga. However, there are some developments in the area that offer townhouses, such as Tuscany Gates and Park 570.