How hot is the rental market for the Churchill Meadows Mississauga condos? From a volume of transactions point of view, there were just 3 One Bedroom + One bath Condos that rented out. Among these, they rented out for 96% of asking price which indicates they were priced within reason.

The average lease price for the one bedroom + one Bath Suites was $1,100. All three of these units rented out from the Daniels stacked townhome complex at 4975 Southampton Drive located at the intersection of Winston Churchill and Eglinton Rd West.

How fast are these suites renting for? Well, don’t wait too long to make a decision as the average days on market for these one bedroom + one bath suites in the month of December was just 17 days.

How large can you expect these condos for rent in Mississauga to be? Well, given their low price these units are not too large. They are small and cozy with the square footage of the suites leased in December ranging from 400 – 599 square feet.

What does the future entail for those seeking condominiums for rent in Mississauga? Though there is no crystal ball we can turn to for guidance, it is always a good rule to calculate months of inventory. As of January 30th while we are carrying out these calculations, there are 3 one bedroom + one bath suites available for rent in the Churchill Meadows region. Looking back, we know that 3 condos rented in December, 5 rented in November and 6 rented in October. This gives an average monthly lease rate of 4.7 condos per month. If the demand keeps up, the existing inventory of condos should be leased within 19 days.

It is clearly a Landlord’s market and our experience in the field supports this. It is not uncommon to face multiple offers these days for Mississauga Condos for rent. If you are serious, be ready to make a decision quickly and to pay full price otherwise your options will dwindle fast.

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The Relationship between Inventory and Prices of Mississauga Condos for Sale