Currently, there are many new condo units on sale in Mississauga and Oakville which have been built recently within last one year. This is a good option for people who like to buy new condo and looking to live there for 3 to 5 years or rent it, develope equity and then move on to bigger property. There is also an option to book a new condo in underconstruction or preconstruction projects as number of condo projects are available in Square One as well as Erin Mills/Eglinton areas. These two locations are really favourite in Mississauga due to close proximity of all amenities like shopping malls, schools, hospital, Parks, public transportation and highways. Please buy any one of them and see your money growing over the period. The average preconstruction condos rate is soaring in mississauga and has already reached between $600 to $650 per Sq.Ft. but it's still way cheaper than buying in downtown Toronto where same rate is between $900 to $1100 depending upon the project location. A one bedroom new condo in Mississauga will cost you anywhere between $350,000 to $375,000 and the prices are rising each year.