Houses for Sale in Brampton, ON

Brampton’s housing market is the sixth fastest-selling market in the Greater Toronto Area. The municipality is known to be the sweet spot for affordable home seekers. Like any other active real estate market, Brampton has noted significant changes and developments in recent days. These trends pertain to housing prices, new listings and demand-supply dynamics.

In the past 28 days, the municipality has noted about 1,400+ new project listings. Of these, more than 450 projects have already been sold. Properties in Brampton spend an average of 17 days in the market before being sold. At present, the average median price in this municipality is $959,000. Take a closer look at Brampton’s real estate market, which offers a range of properties, including condos, townhouses, detached homes and more.

Brampton Guide & Infrastructure

Located in the Greater Toronto Area, Brampton is among Ontario’s most popular cities. It is one of Canada’s most diverse neighbourhoods and features a sizeable South Asian community. Brampton’s housing market enjoys a high demand overall due to its affordable character. The city is well-served by the Brampton GO Station and the various highways, including Highways 401, 407, and 410.

The real estate market in Brampton boasts a diverse range of residential properties, including various housing types, from new constructions to established buildings. The Gage Park and Heart Lake Conservation Area add a calming touch of greenery to this prospering city, while cultural landmarks like the Rose Theatre and Peel Art Gallery make for a rich social life.

New MLS Listings Brampton

Although prices have decreased, Brampton’s real estate market has made significant new additions across property types. In the last 28 days, the municipality has noted 1,475+ new listings. Investors can choose from a range of properties in Brampton, from detached homes to condo apartments. Take a look at the updated listings below:

Brampton Real Estate Price Trends

Brampton’s low property prices make it a preferred location for first-time and young home buyers. The median price in this city is $959,00, while the average sold price is $1 million. Further, Brampton’s real estate price trends have showcased a 2.8% monthly and 9% yearly decrease. This price decline is witnessed across property types and indicates a slowed-down housing demand in the city.

When looking at Brampton’s real estate price trends, and property demand, it is essential to glance over Canada’s increased mortgage rates. As of May 2024, the average 5-year fixed mortgage rate ranges from 4.79% to 5.05%, while the best 5-year variable rate circles around 5.95%. These elevated rates result from the Bank of Canada's aggressive rate hikes over the past two years to combat inflation.

Brampton's most popular property types are detached homes, semi-detached homes, townhouses, and condominium apartments. In April and May 2024, detached homes led the market with the most transactions. Semi-detached homes and townhouses also saw significant activity, while condo sales, though fewer, indicated a steady demand for more affordable housing options. Here is a quick overview of the municipality’s property price trends:

*The marked indices are subject to changes as per market fluctuations.

Real Estate Market Scope & Opportunity

The strength of Brampton’s housing market is its affordability. It makes it a thriving real estate market and continuously attracts customers despite evolving market conditions. In April and May 2024, Brampton’s real estate price trends decreased slightly. This makes a good case for investors to acquire properties at lower prices, with the possibility of capitalising on future market rebounds. Brampton’s growing population and continuous urban development suggest long-term value appreciation.

Popular Neighbourhoods in Brampton

Brampton is divided into 40 neighbourhoods, each offering unique amenities and lifestyle. Some of the top places to live in this city include:

1. Bramalea: One of the largest and oldest neighbourhoods, it is known for amenities like Bramalea City Centre, Chinguacousy Park, and Professor's Lake. It also serves as a key transit hub with the Bramalea GO station.
2. Downtown Brampton: The city's historic centre offers a mix of cultural attractions, such as the Peel Art Gallery, Rose Theatre, and Gage Park. It’s a vibrant area with ongoing revitalisation projects and convenient public transport access.
3. Gore Meadows: This new neighbourhood is known for its green spaces, like the Claireville Conservation Area, and amenities like the Gore Meadows Community Centre and Library. It's popular for its modern homes and outdoor activities.
4. Heart Lake: Heart Lake’s extensive walking and biking trails make it a family-friendly area. It's known for its affordable housing options and facilities like the Heart Lake Town Centre.
5. Mount Pleasant: This rapidly growing neighbourhood has excellent amenities like the Mount Pleasant GO Station and the Cassie Campbell Community Centre. It is highly popular among young families and professionals.

Buy Property in Brampton

If you’re considering to buy property in Brampton, you’re looking at a highly convenient lifestyle. Properties in Brampton are available at diverse prices and cater to every budget. Further, these properties are well-connected to top-rated schools, hospitals and transport facilities. A holistically developed infrastructure makes Brampton suitable for your next property investment.

Property Options in Brampton

Looking for a reliable and convenient way to buy property in Brampton? At Square Yards, we offer an extensive range of listings. Buyers can choose from different configurations and types of housing units across budgets. Take a look at our broad catalogue given below: