Brampton is a hot destination for homebuyers and investors. Average real estate prices in Brampton are seeing a steady rise. After the sharp rise in prices in 2017, the market has now become stable, which according to experts is healthier for both buyers and sellers. With new interest in real estate in Brampton, the city is all slated to become the next big attraction for potential homebuyers looking for affordable housing and a quality life.
Average house price in Brampton stood at $686,356 as of December, 2018 with a 7.3% hike in prices. According to real estate experts, there is a healthy trend in the market where sales and prices are on a steady increase in many areas of the Greater Toronto Area, including Brampton. In 2018, Brampton’s real estate market attracted a large number of buyers and the market peaked in March, 2017 with average sale increasing to $765,156.
Brampton has many advantages that have made a highly attractive city to live in. Close to Toronto, Brampton is extremely well-connected. Toronto Pearson International Airport is close to its border, and many highways such as Hwy 401 and Hwy 410 allow speedy access in and out of the city. Brampton GO services add to convenient travelling.
Neighbours to Mississauga, Brampton has a population of 593,638, according to the 2016 Canada Census. It is the seventh largest city in North America and the ninth most populous municipality. Many companies are based in Brampton, including Canadian Tire, Loblaw, Maple Lodge Farms, Coca-Cola Bottling Company, Rogers Communications and more. Other companies with offices in Brampton include Amazon, Best Buy, Ford, Nestle, MDA Space Missions, Frito Lay Canada, and more.
In Brampton, you find luxurious condominiums, townhomes and detached homes offering beautiful living spaces and proximity to amenities. More condo developers are seeing Brampton as a hot destination, as demand for condominiums are on an increase due to affordability. With high prices of real estate in Toronto, first time homebuyers are looking for highly livable cities such as Brampton to live, work and raise their family.
Brampton enjoys the ideal location close to Toronto and has a variety of affordable housing options. With more parkland than any other major city in Ontario and a wide variety of amenities, residents of Brampton enjoy high quality life.
The city has a strong economy and is the headquarters of large corporations as Maple Lodge Farms and Loblaw Companies. Brampton is a highly multicultural city with a particularly large South Asian population. It celebrates its diversity with a number of cultural events and activities, including the much-anticipated annual Carabram festival.
There is an upward real estate trend in Brampton with substantial rise in real estate prices in 2017 and 2018. The city is now seen as a hot destination for investment in real estate. With plenty of companies, schools, convenient transit, eateries, shopping malls, and more amenities, Brampton offers a luxurious life close to natural spaces. Having a great combination of modern amenities and vast natural spaces, Brampton is attracting investors and homebuyers as never before.
Brampton is extremely well connected with the Pearson airport, highways, GO and bus services offering comfortable transit to the residents. Proximity to Toronto Pearson International Airport is a big advantage for frequent flyers, and GO makes commute speedy for everyday travelling. Brampton has three GO train stations: Brampton GO located at 31 Church St W, Mount Pleasant GO located at 1600 Bovaird Dr W, and Bramalea GO at 1713 Steeles Ave E.
The city has a Rapid Bus Transit system called Züm. There is GO bus service to York University and subway stations at Yorkdale Mall and York Mills in Toronto.
Residents find it easy to travel by road with many highways running through or close to the city. Hwy 401 runs a short distance from Brampton in Mississauga, and Hwy 407, Hwy 410, and Hurontario St offer speedy travel at all times. A wide network of arterial streets also helps in easy commute around the city. The many transit options in and around Brampton make travelling comfortable and quick for the residents of this green city.