Published 29 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Edge Towers is Solmar Development’s tower community at Hurontario Street and Elm Drive West, a couple of blocks south of Square One. UrbanToronto reports Edge 1 at 35 storeys and Edge 2 at 40 storeys, both complete by late 2025, designed by Rosario “Roy” Varacalli with Cusimano Architect; a third tower, Oro, is under construction. UrbanToronto’s database lists the project at 24 Elm Drive West. TRREB publishes no building prices. Across Mississauga in August 2026, condo apartments sold at a $500,000 median, 97 percent of list price, after 45 days. Edge sits on the future Hazel McCallion Line, but Metrolinx has not set an opening date, so price on today’s transit, not tomorrow’s.
Edge Towers at a glance
| Fact | Edge 1 | Edge 2 |
|---|---|---|
| Location | Hurontario Street and Elm Drive West; project address 24 Elm Drive West (UrbanToronto) | |
| Storeys | 35 | 40 |
| Status | Occupied by January 2024; complete | Topped off January 2024; complete by November 2025 |
| Developer | Solmar Development Corp | |
| Architect | Rosario “Roy” Varacalli with Cusimano Architect | |
| Suites | Not published per tower; over 1,300 across all Edge phases when finished (UrbanToronto) | |
| Condo corporation number | Not verified; confirm on the status certificate | |
Sources: UrbanToronto project database and news reports of January 2024 and November 2025. The individual mailing address of each tower was not confirmed from a primary source; check it on the status certificate and title.
The third tower and what it means
Solmar is building a third tower, Oro, on the same site. UrbanToronto reported in November 2025 that Oro’s podium had reached the seventh floor and that it will deliver 614 condominium units; it reports Oro at 50 storeys, while CTBUH lists 55 floors with expected completion in 2027.
For owners in Edge 1 and Edge 2, that means construction next door for a while, then several hundred new neighbours and, likely, a wave of new suites for sale and lease when Oro completes. Buyers weighing a resale in Edge 1 or 2 will compare it with Oro assignments. Sellers should know that before choosing a listing date.
Where it sits and what is nearby
UrbanToronto places Edge Towers a couple of blocks south of Square One on Hurontario Street, between the future Fairview and Burnhamthorpe stops of the Hurontario LRT. The City Centre Transit Terminal at 200 Rathburn Road West, on the northwest corner of Square One, is the main bus hub, with MiWay, GO Transit and Brampton Transit service.
The LRT is the honest caveat. Metrolinx lists the Hazel McCallion Line, 18 kilometres from Port Credit GO to Brampton Gateway Terminal with 19 stops, as under construction. Global News reported in April 2026 that Metrolinx aims to finish construction by spring 2028, and Metrolinx says a final date will be announced only after systems integration. I would not add a transit premium to a list price until trains are running. For neighbouring towers, see my Mississauga City Centre condo buildings guide and the Absolute World guide a little north.
What TRREB’s August 2026 numbers say (and why they are not Edge Towers numbers)
| Condo apartments, August 2026 | Mississauga | Peel Region | Brampton | City of Toronto | All TRREB |
|---|---|---|---|---|---|
| Sales | 109 | 130 | 21 | 885 | 1,330 |
| Average price | $495,052 | $485,264 | $434,457 | $651,648 | $617,593 |
| Median price | $500,000 | $481,500 | $425,000 | $550,000 | $530,000 |
| New listings | 357 | 443 | 81 | 2,303 | 3,579 |
| Active listings | 849 | 1,058 | 202 | 4,938 | 7,882 |
| Months of inventory (calculated) | 7.8 | 8.1 | 9.6 | 5.6 | 5.9 |
| Sales to new listings (calculated) | 31% | 29% | 26% | 38% | 37% |
| Sale to list price | 97% | 96% | 94% | 96% | 96% |
| Avg. days on market | 45 | 50 | 71 | 39 | 41 |
Source: TRREB Market Watch, August 2026, condominium apartments. Calculated rows are my arithmetic: active listings divided by sales, and sales divided by new listings. One month of data; Brampton’s 21 sales are a small sample.
TRREB’s monthly Market Watch reports Mississauga as one municipality. It does not publish a City Centre figure, and it never publishes a figure for a single building. So nothing in this table is a price for Edge Towers. It is the backdrop your unit sells against.
Two things stand out. Mississauga’s average ($495,052) sat slightly below its median ($500,000), so luxury sales did not skew the month. And supply was heavy: 849 active listings against 109 sales is about 7.8 months of inventory, against 5.6 in the City of Toronto (my arithmetic). Units that sold went for 97 percent of list price after 45 days.
For Edge owners, the numbers argue for patience on price but realism on day one. Units that sold across Mississauga averaged 97 percent of list price; the ones that did not sell are not in that number. A suite priced against the Edge listings a buyer can tour the same weekend will do better than one priced against the city median.
What moves a unit’s value in a building like Edge Towers
On an arterial like Hurontario, which side of the building you face matters twice: for light and for noise from a road carrying both traffic and, eventually, trains. A higher suite facing away from the corridor with an open outlook will usually be easier to sell than a low suite over the road.
- Floor and view. Higher floors and open views usually outsell lower floors facing another tower, within limits set by the next building over.
- Exposure. Light matters in a glass tower. See how north, south, east and west exposures compare.
- Layout, not just square footage. A true two-bedroom with a door on each bedroom outsells a one-plus-den with the same area. Wasted hallway space costs you.
- Parking and locker. In a transit-served downtown some buyers skip parking, but many Mississauga buyers still drive. A unit with a space has the bigger buyer pool.
- Maintenance fees. Lenders count half of the monthly condo fee when they test a buyer’s debt ratios under CMHC’s GDS and TDS limits of 39 and 44 percent, so a higher fee can shrink what a buyer qualifies for. More in do high maintenance fees lower my condo value.
- Tenancy. A tenanted unit sells to a smaller pool. See how much less a tenanted condo is worth.
What to check in the status certificate and reserve fund study
Every resale in Edge Towers should be conditional on a lawyer reviewing the status certificate. Under section 76 of the Condominium Act the corporation must deliver it within 10 days of a request, and it can charge up to $100 including tax, according to the Condominium Authority of Ontario. It includes the declaration, by-laws and rules, the budget, the latest financial statements, a statement on the most recent reserve fund study and the state of the reserve fund, insurance, and any special assessment or arrears.
- Reserve fund. The CAO says reserve fund studies alternate between class 2 and class 3 updates at least every three years, and a new condominium needs a comprehensive class 1 study within its first year after registration. Ask whether the latest plan calls for steep fee increases.
- Special assessments. Any levy already approved should be dealt with in the agreement of purchase and sale. See does a special assessment lower my condo value.
- Rules, litigation and insurance. Leasing and pet rules, any lawsuit involving the corporation, and the deductible an owner could be charged back all belong in your lawyer’s review.
Edge 1 and Edge 2 are new buildings. The CAO’s rule that a new condominium needs a class 1 reserve fund study within its first year after registration makes that study, and the first budgets, the documents to ask for. If the site shares facilities or costs with Oro through a shared facilities agreement, your lawyer should read it. Suites here were first occupied after 15 November 2018, so Ontario’s rent increase guideline does not apply to their tenancies.
Selling or buying in Edge Towers: how to price a unit
Start with the last three to six months of sold data for your exact layout and stack in the building, then adjust for floor, view, parking, locker and condition. Then check what is listed right now; with nearly eight months of supply in Mississauga, the listings a buyer tours the same weekend matter as much as last spring’s best sale.
If nothing in your layout has sold recently, use the method in how to price a condo when nothing in your building has sold: similar suites in comparable nearby towers, adjusted one factor at a time. Online automated numbers often miss floor and view, which is why I explain why online condo estimates can be off. For the wider picture, see how much a condo is worth in Mississauga, and for the rest of the corridor, my Mississauga City Centre condo buildings guide, including One Park Tower and M City.
Two tools help here: the AI condo value estimator below gives you a range in about a minute, and the net proceeds calculator turns any price into what actually lands in your account.
Where I fit
I work with condo buyers and sellers across Mississauga, Toronto and the GTA, and I price suites from the sales and listings that compete with yours. If you own in Edge Towers or want to buy there, book a call or phone 833-330-1925.
Free tool — AI condo value estimator
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
Frequently asked questions
How many storeys are the Edge Towers in Mississauga?
UrbanToronto reports Edge 1 at 35 storeys and Edge 2 at 40 storeys, both complete. A third tower, Oro, is under construction; UrbanToronto reports it at 50 storeys, while CTBUH lists 55 floors with completion expected in 2027.
Who is the developer of Edge Towers?
Solmar Development Corp, with Rosario “Roy” Varacalli and Cusimano Architect as architects, according to UrbanToronto. The project is at Hurontario Street and Elm Drive West, a couple of blocks south of Square One.
What is the address of Edge Towers?
UrbanToronto’s project database lists Edge Towers at 24 Elm Drive West, Mississauga. Each tower may carry its own municipal address, so confirm the exact address and legal description of any suite on the status certificate and title.
When will the Hurontario LRT open near Edge Towers?
No opening date has been set. Global News reported in April 2026 that Metrolinx aims to finish construction of the Hazel McCallion Line by spring 2028, and Metrolinx says a final date will be announced after systems integration.
How much is a condo worth at Edge Towers?
TRREB does not publish building-level prices. Mississauga condo apartments sold at a $500,000 median in August 2026. An Edge suite’s value depends on tower, floor, exposure, layout, parking and fees, and on competing Edge and Oro listings.
Is it a good time to sell a condo on Hurontario Street?
Supply is heavy: Mississauga had about 7.8 months of condo inventory in August 2026 by my arithmetic, and only 31 percent of new listings sold. Well-priced suites still sold near asking, so the timing question is really a pricing question.
Sources
- UrbanToronto — Edge Towers project database — 24 Elm Drive West, Solmar, Cusimano Architect
- UrbanToronto — Edge 2 at Edge Towers tops off (January 2024) — Edge 1 occupied, Edge 2 topped off, over 1,300 units planned
- UrbanToronto — Oro’s podium rises as Edge Towers stand complete (November 2025) — Edge 1 and Edge 2 complete, Oro 614 units
- CTBUH Skyscraper Center — Oro at Edge Towers — 55 floors, expected 2027
- Metrolinx — Hazel McCallion Line — 18 km, 19 stops, Port Credit GO to Brampton Gateway Terminal
- Global News — Metrolinx expects 2028 completion for Hazel McCallion LRT (28 April 2026) — target excludes the downtown loop
- City of Mississauga — City Centre Transit Terminal — 200 Rathburn Road West, MiWay, GO and Brampton Transit
- Government of Ontario — Rent increase guideline — units first occupied after 15 November 2018 are exempt
- TRREB — Market Watch, August 2026 — condominium apartment tables by region and municipality
- Condominium Authority of Ontario — Status certificates — 10 days, up to $100, Condominium Act s. 76
- Condominium Authority of Ontario — Reserve funds and reserve fund studies — studies at least every three years
- CMHC — Calculating GDS / TDS — 50% of condominium fees counted; 39% / 44% limits
Related reading
- Mississauga City Centre condo buildings guide
- Absolute World condos guide
- One Park Tower condo guide
- M City condos guide
- How much is my condo worth in Mississauga?
- Why is my condo not selling?
- How to price a condo when nothing in your building has sold
- How much will I walk away with selling my condo?
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume. Every figure here comes from a published table, regulator or statute linked in the sources, so you can check all of it without asking me.
Reach me at connect@jatindua.com or 833-330-1925, or book a call.