Brantford's real estate market appears to be slowing down its sales activity, compared to the last few years. The Brantford Regional Real Estate Association reports that in April, there were 276 residential property sales, a 9.8% yearly decline. The number of homes sold in the first four months of 2022 decreased by 2.2% from the same period last year.
Despite a decline in sales from in the previous year, home transactions for the month of April, the most recent figures at the time of publication, are more than 28% over the five-year average and around 24% above the decade average.
The real estate market in Brantford has seen a significant price rise thus far. The MLS Home Price Index (HPI), which is regarded as a more accurate indicator than average or median price gauges, has increased 28.1% year over year to $795,600, according to MLS HPI statistics.
The average cost of homes sold in April increased 24.2% to $868,516. Additionally, the average price for the entire year increased by 28.4% to $898,733.
Market Trend for Sale in Brantford
The Brantford real estate market's sales activity has decreased significantly due to reasons like capital uncertainty. It is one of the greatest reasons that has severely affected the Brantford real estate market. In these uncertain times, high inflation and increased interest rates are not letting people invest in homes for sale in Brantford, Ontario.
In the first nine months of 2022, only 1,749 homes were sold in Brantford which was 20% less as compared to the first nine months of 2021. Even in September 2022, the average price of a home for sale in Brantford is $656,494 which is 4.7% less than last year in September. However, there is a significant increase of 19.6% in terms of new listings of houses for sale in Brantford.
All this data was given by the Brantford Regional Real Estate Association. The BRREA serves Southwestern Ontario including the rural areas and communities in Brant County, the City of Brantford, the Town of Paris, Villages of Burford, Mount Pleasant, Oakland, Scotland and St. George.
Take a glimpse at the name of the most prominent areas of the Brantford housing market, where you can find your dream home.
You can find several properties with different configurations in size, type, and surroundings. Also, the local Brantford real estate market offers different prices depending upon the posh localities and standard of living. Some preferred areas for homes for sale in Brantford are Mayfair, Fairview, Greenbrier, Brier Park, and Branlyn. Residents prefer Greenbrier and Brier Park more due to their offerings of all conveniences.
The list of some of the top neighbourhoods in Brantford is as follows:
- Brier Park
- Brantford Station
- Devon Down
- Dogford Park
- Downtown Central
- Eagle Place Community Association
- East Ward/Echo Place
- Grand Valley Trails
- Hillier Heights
- Myrtleville Mayfair
- Pleasant Ridge
- Prince Charles
- Spring Garden
- West Brant
Real Estate MLS Listings and Investment in Brantford
Recent real estate MLS listings for Brantford show that there have been 402 new listings till September with an average house price of $718,125. According to housing data for Brantford, a house spends 28 days on the market on average. 150 homes were sold in the month of September 2022.
Square Yards offers around 178 properties in this region with great elements and boosted facilities. We offer property listings and broker listings, making it viable for people who don't want to spend lots of time on house listings. You can also sell your property with an accurate price list as per the current MLS listings in Brantford.
Market Stats Report of Brantford
The market stats report of Brantford completely depends upon what type of property is in more demand or preferred as per the convenience around any locality, the configuration of houses etc. The Brantford Regional Real Estate Association stated that the number of residential properties reduced by 9.8% to 276 units in the month of April. Further, in the first four months of 2022, the sales reduced by 2.2% YoY.
||Apr 18 - May 16
||3 months ago
||6 months ago
||1 year ago
Demographic & Population Ratio in Brantford
As per the 2021 Census of Population conducted by Statistics Canada, Brantford has a population of 104,688 residing in private properties. The population in 2016 was 98,563.
However, in the metropolitan area, there were 144,162 people living in a 1,074 km2 land area with a 134.2/km2 population density. There is a 7.4% of population change in 2021 as compared to 2016.
Moreover, Brantford has a high proportion of Status Indians in Southern Ontario outside an Indian reserve. The aboriginal population was 5,225, the European was 81,115, and the total population was 95,780.
Real Estate Brokerage Trend in Brantford
Like other provinces in Canada, the neighbourhood of Brantford in Ontario city is also affected by rising interest rates, inflation, and uncertain economic conditions of the nation. The average price of residential properties in Brantford, Ontario seems to drop between 2% to 10% in the fall months.
Top Localities with Price Trends for Sale in Brantford
As per the MLS System of Brantford Regional Real Estate Association there was a decrease of 28.2% in September 2022 compared to September 2021. Only 153 units were sold in the month of September 2022 in all 5 wards of the city.
|Type of Property
||Average Price ($)
||511,533 - 776,420
||400,000 - 548,414
Frequently Asked Questions (FAQs)
How much does it cost to buy a house in Brantford?
The average home for sale in Brantford can cost you $860,000.
What kind of houses are for sale in Brantford?
The properties for sale in Brantford are Detached, Condo apartments, townhouses, condo townhouses, commercial, and land.
How much does it cost to buy a 3-bedroom house in Brantford?
As per Brantford real estate market, it will cost you $953,000 to buy a 3-bedroom house.
How much does it cost to buy a 5+1 beds house in Brantford?
There are very few chances when people prefer to buy a 5+1 beds house in Brantford. However, you can purchase it for about $899,000 or more. It is because the purchasing price varies depending on the construction, building age, interiors, and other factors.
What kind of properties does Square Yards sell in Brantford?
Square Yards sell all kinds of properties in Brantford including townhouses, detached, condos, freehold, and commercial properties.
Does a buyer have to pay a real estate commission in Brantford?
No, a buyer does not have to pay a real estate commission in Brantford.
How do I figure out the correct price for Brantford Condo?
To figure out the correct price for the Brantford Condo you can apply the following formula:
Assessed Value = Market Value x (Assessment Rate / 100)
Can I get a professional's help with buying a property in Brantford?
Yes, you can get the best professionals at Square Yards to assist you in finding the perfect property for sale in Brantford.