Your Weekly 411

TLDR:

📉 Volatility in Mississauga Real Estate Market Drives Investor Opportunities

👨‍🎓 Canada expects 1.4 million int'l student applications a year by 2027

🧾️ Hamilton on the come-up: The future looks bright for Investors

📉 Volatility in Mississauga Real Estate Market Drives Investor Opportunities

• Mississauga has become Canada’s seventh-largest city’s real estate market over the past year.

• The average sale price for detached units has fluctuated throughout the year, with a high of $1,964,077 in January 2022 and $1,563,717 in August 2023.

• Despite the volatility, all segments have seen year-over-year gains in August 2022 compared to August 2023.

👨‍🎓 Canada expects 1.4 million international student applications a year by 2027

• Forecast: Number of foreign students in Canada to rise to 1.4 million by 2027

• 51 percent of international students settle in Ontario, with 20 percent in B.C., and 12 percent in Quebec.

• From 2019 to 2022 study permit applications for overseas students have increased by nearly 300,000 a year.

• New measures are being added to accredit 'trusted universities' with faster processing times for international student enrollments

• On-campus housing is not the cheapest option and accredited universities attracting the wealthiest international students will be rewarded.

• Consider investing in housing near trusted institutions

🧾️Hamilton Investment Insights: The Future Looks Bright

• The Hamilton City Council approved the development of a 4,000-acre mixed industrial area on Hamilton Harbour.

• The Canadian government to contribute $23.4 million to the expansion of the Hamilton International Airport

• The City of Hamilton announced in June it had surpassed $1 billion worth of construction in 2023

• Hamilton has attracted $751 million in company investments and created over 625 new jobs

• Hamilton is the first city to launch the Entrepreneur Success Initiative, which aims to grow immigrant entrepreneur investment opportunities

🌇 Hamilton Pre-Construction Condos for Sale 

• ​75 James by Fenegate (from 400K)

• ​Design District by Emblem (from 600K)

• ​Corktown Condos by Slate Management (from 300K)

• ​Waterfront Shores by Cityzen Development Group (from 500K)

• ​Moderne by Spallacci (from 500K)