- Jul 14, 2016
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Solotex Corporation and Fortress Real Developments have partnered on a site near the Mississauga City Centre situated on the north side of Dundas Street West, between Parkerhill Road and Confederation Parkway, south of the Cooksville GO Station.
Like much of the GTA, the Mississauga new housing market is characterized by declining supply and a shift from single-detached ground-oriented homes to apartments and townhouses. The preferred plan for the site is to construct 10 (ten), 4-storey, stacked, back-to-back townhouse blocks surrounding a cul-de-sac. The 3.48 acre site is already zoned for residential uses, however this specific plan will require the filing of a rezoning application and Official Plan amendment. Currently the site is flanked by residential apartment buildings.
Mississauga has quickly shifted from a typically low-rise-dominated suburb to a municipality rife with high-density projects. Overall, Mississauga is adding only 17% as much housing today as it did in the previous decade. In addition to the drastic decline in supply, a larger share of what is being built is now townhouses and apartments.