Households buying in the Mississauga residential market tend to consider proximity to highly-ranked schools
Young families who are looking to avoid the crunch of the Toronto housing market often tend to gravitate towards nearby Mississauga, and a new analysis by real estate information portal Zoocasa has come to the aid of these property-seekers.
In its latest study, Zoocasa looked at the average prices of detached homes in Mississauga neighborhoods, and compared these to the highest- and lowest-ranked elementary school districts by EQAO score.
“The data reveals that higher house prices don't always mean a better school. Average house prices in the boundary of the school with the top EQAO score is $1.3 million less than the most expensive school boundary which has a slightly lower EQAO score,” Zoocasa noted.
Read more: Mississauga condos becoming an increasingly popular purchase option
School Boundaries by EQAO Ranking vs. Prices
- Rose of Lime Separate School (3.3) - $1,115,000 average
- John of the Cross School (3.3) - $784,881 average
- Kenollie Public School (3.2) - $2,425,000 average
- Timothy School (3.1) - $1,576,333 average
- Christopher School (3.1) - $1,439,631 average
Most Expensive School Boundaries
- Kenollie Public School (3.2) - $2,425,000 average
- Owenwood Public School (2.8) - $2,277,000 average
- Tecumseh Public School (2.9) - $2,029,522 average
- Hawthorn Public School (2.8) - $1,877,222 average
- Mineola Public School (3.0) - $1,728,167 average
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