Several factors in the city are affecting the way homes are built in the suburbs.
As prices continue to increase, professionals who have lived their whole lives in the city, are moving to the suburbs. But these city-savvy professionals are looking to buy city-style homes. This includes condominiums, semis and townhouses.
Condominiums, semis and townhouses offer smaller, manageable spaces, in the more laid-back suburbs. While you have access to beautiful green spaces, you're not responsible for maintaining them as you would be in a larger home. Another reason individuals are investing in these homes, is their reluctance to borrow. If you feel more comfortable putting down a larger down payment, despite the low interest rates, townhouses can be a more affordable option for home ownership. Finally there are a variety of beautiful condos, semis and townhouses available in Mississauga.
For more information on the current market see this article from the Globe and Mail: http://www.
theglobeandmail.com/life/home- and-garden/real-estate/ torontos-real-estate-market- is-so-hot-investors-dont-want- to-touch-it/article19737944/