Go to Main Content

Advertisement

By Mark Brown on April 25, 2017
Estimated reading time: 1 minute

Brampton real estate market update

By Mark Brown on April 25, 2017
Estimated reading time: 1 minute

Price have risen by 35% since last year

Advertisement

Low prices, high demand. That pretty much sums up the housing market in Brampton right now, but that type of market can’t last. Something’s got to give. For now, affordability appears to be on the losing end of this equation in this seller’s market. Through the first quarter home prices in Brampton are up nearly $200,000 over the same period a year ago—that’s a 35% increase. Most of the activity is being driven by detached, single-family homes, particularly by buyers in looking in the upper end of the market, according to Re/Max’s 2017 Spring Market Trends Report. But the spike in activity could work to tame the market later this year. Re/Max suggests the heightened activity will likely encourage more sellers to list their homes, which should create a more balanced market.

More real estate market updates:

Find out where you should buy real estate in Brampton here. Explore our full Where to Buy Now real estate rankings by clicking on any of the links or images below.

Overview

Vancouver

Victoria

Calgary

Edmonton

Winnipeg

Toronto (GTA)

Ottawa

Hamilton

Montreal

Top Cities

Related Articles

A middle-aged couple dance in their new condo

Cash Allocation

Your home sold—now what?

Your home sold—now what?

A man and woman consider paint chips in their new condo

How changes to the Home Buyers’ Plan could affect your down payment

How changes to the Home Buyers’ Plan could affect your down payment

A smiling young woman takes a selfie in her new home.

Unsure about buying a home? Why you should open an FHSA now anyway

Unsure about buying a home? Why you should open an FHSA now anyway

Canadian couple outside of home, wondering if they should transfer it to their corporation.

Is transferring your principal residence to your corporation a good idea?

Would swapping a house for cash from a corporation save on taxes? And is this tactic worth it in...

Is transferring your principal residence to your corporation a good idea?

Donald Trump is given a jacket by trader Peter Giacchi at the New York Stock Exchange,

5 things to watch in Canadian business in 2025

Here’s what to keep an eye on as we head into the new year, from the housing market and...

5 things to watch in Canadian business in 2025

A landlord meets with two potential tenants outside a condo building

Business Insurance

Insurance for landlords in Canada: Your guide to protecting rental properties

Insurance for landlords in Canada: Your guide to protecting rental properties

Photo of a holiday gift cut with scissors—symbolizing a December Bank of Canada rate cut.

Making sense of the Bank of Canada interest rate decision on December 11, 2024

Making sense of the Bank of Canada interest rate decision on December 11, 2024

A maintenance worker outside the Bank of Canada building on Wellington Street in Toronto

Bank of Canada lowers key interest rate by 0.5%

On Wednesday, the central bank announced a jumbo rate cut—its fifth cut in a row since June—and signalled a...

Bank of Canada lowers key interest rate by 0.5%

woman works on laptop December indoor scene

Year-end tax-saving tips for Canadians for 2024

Tax planning in Canada isn’t just for March and April. These smart tax moves need to be made before...

Year-end tax-saving tips for Canadians for 2024

Why Canadian consumer debt continues to grow

Consumer debt reached a record $2.5 trillion last quarter. Find out what’s driving increased debt levels among certain groups...

Why Canadian consumer debt continues to grow