Overall, general consumer prices are 2.4 per cent lower than in Toronto, and rental costs are a significant 19.5 per cent lower, making it an attractive option for newcomers. Given its proximity to Toronto, and its lower housing prices, Mississauga is a popular place to live for commuters. While the cost of living in Mississauga is still less than in Toronto, as the economy and reputation of the city grows, so do the costs of living. There are 15 universities within an hour drive of Mississauga, creating the base for a highly-educated work force. Some of the strongest industries are pharmaceuticals, banking and finance, electronics and computers, transportation parts, and equipment industries. Mississauga placed first overall in “mid-sized cities of the future” for North and South American cities by the financial publication FDi Magazine, placing first in business friendliness, second in economic potential, and fourth in infrastructure and foreign direct investment strategy.Mississauga was also rated as Canada’s 11th best city to live in terms of prosperity according to MoneySense magazine.More than 60 of the Fortune 500 companies base their Global or Canadian Head Offices in Mississauga, including Microsoft, GE, Glaxo Smith Kline, Target, and several others. Mississauga Housing Economy in Mississauga Rental costs can be brought down by renting outside the city centre where one bedroom rents are an average of $915 per month and a three bedroom apartment averages $1,435 per month.įor rental and housing options, check out the following: The cost of rental housing averages $1,325 per month for a one bedroom apartment in the city centre and $2,075 for a three bedroom apartment. This is still below the average Toronto price but it is above the $400,000 average cost of a single family home in Canada. With its robust economy, the cost of housing has gone up in Mississauga in recent years with the average cost for a single family now at $480,000. It’s a well-established neighbourhood where most residents own their own homes.Įrin Mills is one of Mississauga’s most populated areas, with the Erin Mills Town Centre as its focal point, in addition to the Credit Valley Hospital and the University of Toronto’s Mississauga campus. In the southeast corner of Mississauga, Lakeview, as its name suggests, sits right on Lake Ontario. Its numerous shops and restaurants line Lakeshore Road, in addition to lakeside parks, family neighbourhoods, high-rise condominiums, and apartments. Port Credit is commonly referred to as the “Village on the Lake” as it’s found at the mouth of the Credit River on the north shore of Lake Ontario. Tagalog: 23,400 (6.4 per cent) Neighbourhoods in MississaugaĬooksville, which is also known as Mississauga’s City Centre, is a good option for young professionals looking to settle in the city as it’s in close proximity to GO transit (Ontario’s interregional public transit system), Square One Mall, Civil Hall, Living Arts Centre, and Central Library. The following stats represent the number of residents who speak the five most common languages other than the official languages, including the percentage of each in relation to the total population (2011 Census Canada Report). As of the 2011 census, over 47% of the population reported their mother tongue as something other than English or French. Population: 713,443 (2011 Mississauga census)ĭiversity by the numbers: Mississauga boasts a diverse, multicultural population. Mississauga is home to a satellite campus for University of Toronto (with enrollment growing by roughly 1,000 students each year), and the opening of the Hazel McCallion Campus of Sheridan College in 2011. With its close proximity to Toronto, the city has become a post-secondary hub. The city’s population has nearly doubled over the past two decades, welcoming many new immigrants. It has recently developed an urban skyline of its own, and has seen many years of prosperity under legendary former mayor, Hazel McCallion - known as Hurricane Hazel - who served for 36 years before her retirement in 2014.Ī strong economy, good infrastructure, decent property sizes, recognition for being the safest city in Canada, and relative proximity to Toronto, among other factors, have all contributed to Mississauga’s explosive growth. Mississauga has grown over the years from a suburb of Toronto to the sixth largest city in Canada.
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