Does the pet policy effect the resale value of the unit?
Pet policies throughout the Mississauga Condominiums buildings are as varied as the corporation who put forth their rules regarding pets. From exceedingly liberal, to exceedingly exclusionary, pet policies have a way of dividing many corporations, and feelings towards pet policies run from hot to mild, as there are valid arguments both pro and con. There are also a number of Peel condominium corporations in Mississauga who have a very strict “No Pet” policy City.
Generally, the pet policy in the low-rise condos such as townhouses allows pets. I am aware of no low-rise condo building that prohibits pets from their buildings- though restrictions on size, breed, and number of pets may be limited. Amongst the high-rise condo sector, I would have to argue that most do allow pets, but not all.
I am aware of one condo building near Square One in particular that does not allow live animal. That includes even a fish. Not allowing pets does provide for a bit of serenity in a building. No owner has to worry about a yappy little dog who barks every time someone walks past the front door. Nor do owners have to worry about "Tom the Though Tenant" who brings his three pit-bulls into an elevator. Also, no one has to worry that little Princess is going to have an accident in the elevator or the lobby of the condo building.
Most pet owners truly love their pets and appreciate their joyful greeting after we’ve been away, and know how much emotional support pets can lend. Isolated individuals reported that, because their pets are so trusting and dependent upon them, they feel needed and have a sense of purpose. With twenty (21) years experience selling condos in Mississauga, I have yet to meet a buyer who will favor any given condo building over their pet. Said again, I have never met a buyer who will give up their pet to live in one specific building. Every time, they will omit the building- not the pet. Moreover, I have never met a buyer who said that they would NOT live in a building which allowed dogs. I do not think that pet restrictions policy effects the resale value of those condos which are up for sale. If you are currently own a unit in a “No Pet Building” or if you are considering to buy in such a building, keep in mind that when it is time to sell you may lose number of buyers who owns a pet but unable to purchase your unit.