Erin Mills New Developments: Enjoy the Diversity
Erin Mills is a neighbourhood in Mississauga that has grown into a diverse community. It’s situated on the western edge of Mississauga and borders Oakville. You will find people of many nationalities living here including and heavily oriented for baby boomers in high numbers. Erin Mills is surrounded by Highway 403, Dundas Street West, Mississauga Road, and Ninth Line respectively.
You can find two groups of new homes in Erin Mills ranging from Condominiums and Townhomes, with emphasis on more traditional styling. What makes this neighbourhood distinct are its wide streets and manicured lawns. Erin Mills is a suburban community with middle and high-income group households. It has a population on the rise which is reflected by the many new Erin Mills developments.
If you look at the housing landscape, you find that nearly half of the homes are detached houses. Next common category is condominiums while the rest are semi-detached and townhomes. Most homes are double storey having 3 bedrooms. Median home prices here can be upwards of $700,000 which shows a steady increase yearly. Compare these prices to average condo prices in the $400,000 range which are in a strong demand and for those looking for new build condos in Erin Mills.
Most of the families live in self-owned homes while there is a growing rate of renters in Erin Mills. A great location (close to highways 401 and 403) and availability of all modern amenities make Erin Mills a favourite of new homebuyers. Homeownership in the area is quite high, where most of its populace own their property compared to whom rent. Demand for housing has increased over the past several years, resulting in higher home prices. This is due in large part to its great amenities and convenient location close to Highways 403 & 401 and Transit. It predominantly caters towards families with children and commuters.
Transportation network requirements of Erin Mills are served by GO Transit and Mississauga’s MiWay. MiWay operates more than 3600 buses on over 80 routes that also include the TTC subway station at Islington. Hurontario LRT is currently being developed and its completion should make commuting even more accessible for the residents of Erin Mills. Those who use their own cars also find travelling and access simply because of the connectivity provided by large major roads and Highways. Erin Mills is a great place to live with your family. Prices of properties are on the up and so it is a perfect time to buy a new condo or townhouse for your family.