Brampton Real Estate Market Trends
On an average, there has been a decrease in real estate prices in Brampton. Average house price in Brampton stood at $962,000 as of January, 2024.
Condo prices in Brampton –
As for condos, prices at at $519,000, showing a decrease of 9% from the previous year. A year ago, the prices of condos in Brampton stood at $567,000.
– A 1-bedroom condo suite in Brampton is priced at $478,000 as of January, 2024, showing 5% decrease in prices from previous year. Last year, the prices were $501,000.
– A 2-bedroom condo suite in Brampton is priced at $539,000, showing a decrease of 4% from previous year. Last year, the prices were 563,000.
– A 3-bedroom condo suite in Brampton is priced at $552,000, showing a decrease of 20% from previous year. Last year, the prices were $686,000.
Townhome prices in Brampton –
Townhome prices in Brampton have shown a slight decrease of 1% in overall townhome prices. Currently the average price of owning a townhome is $836,000.
– A 1-bedroom townhouse is priced at $532,000.
– A 2-bedroom townhouse is priced at $701,000, showing an 11% decrease in prices. Last year, the prices were $785,000.
– A 3-bedroom townhome is priced at $818,000, showing a 2% increase from previous year. Last year, the prices were $801,000.
– Price of a 4-bedroom townhome in Brampton is $905,000, showing a 9% decline. Last year, the prices were $999,000.
Detached homes prices in Brampton –
Prices of detached homes in Brampton have also shown a decrease of 5%. On an average, the price of owning a home in Brampton stands at 1.1 million. Last year, the prices stood at $1.2 million.
– A 2-bedroom detached home is priced at $844,000.
– A 3-bedroom detached home is priced at $938,000, showing a decrease of 2% since previous year. Last year, the prices were $953,000.
– A 4-bedroom home is priced at around 1.2 million, showing a 5% decrease in prices. Last year, the prices were $1.3 million.
– A 5-bedroom detached home in Brampton can be priced at around $1.5 million, showing a 15% decrease in prices. Last year, the prices were $1.8 million.
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.
Completion:2024Developer:branthavenAddress:8940 Creditview Rd., Brampton ONAdded to Compare ListCompare