President, Rockwood Homeowners' Association
Our close proximity to Canada’s largest airport has resulted in tremendous business growth in our area. A few years ago the land just north of us was forest and farmland. Since then there has been a steady stream of new offices and related businesses built on this land for some very well-known, large corporations which include: TD Bank, Bell Canada, and Blackberry. There are hundreds of other businesses in commercial spaces both north and south of Eglinton, too numerous to list. To accommodate the business travelers, the Marriott hotel chain built two hotels under the Courtyards and Residences brands at the north-west corner of Creekbank and Eglinton.
Currently under construction at the corner of Tahoe and Eglinton is the new Sobeys regional office building. Sobeys is Canada’s second largest grocery retailer that operates stores under the Sobeys, Freshco and IGA brand names. Construction of the 200,000 square foot, six-story building started in July 2013 and is scheduled for completion in October 2014. With thousands of people commuting to and from work each day we have all experienced a dramatic increase in traffic. Improvements to public transit in Mississauga are definitely needed and the Bus Rapid Transit route under construction should go a long way to ease the commute for many people once it is operational.
Business development is beneficial to all of us by providing employment, prosperity and increased tax revenue for the city. Being in such close proximity to these employment centres will improve the desirability of our neighbourhood, resulting in continued growth in our property values which are currently very good relative to comparable properties in Toronto.
*Please note this article was originally published in the Summer 2014 edition of The Rockwood Times.