3,991
 

Jan 18 - Brampton real estate prices up 40 per cent in 2021 with detached homes now exceed



ADVERTISEMENT
 
topics gone triple plat - Number 1 spot 3X PLAT

most viewed right now
  111
24 replies  @hiphop



section  x1   |  0 bx goons and 1 bystanders Share this on Twitter       Share this on Facebook

section news
  
 4 months ago '15        #1
561 page views
12 comments


kami  topics gone triple plat - Number 1 spot x6
avatar
Props total: 58702 58 K  Slaps total: 24999 24 K
Jan 18 - Brampton real estate prices up 40 per cent in 2021 with detached homes now exceed
 

 
To say Brampton real estate prices had a big year in 2021 would be an understatement.

According to the latest GTA market stats from the Toronto Regional Real Estate Board (TRREB), the average sale price for all types of dwellings combined soared by 40.1 per cent over the past 12 months.

The combined average sale price for detached and semi-detached homes, and apartment and townhouse-style condominiums climbed from $869,107 in December 2021, to $1,217,819 in the last month of 2021. All market segments hit new record highs in December.

Despite continuing waves of COVID-19, demand for ownership housing sustained a record pace in 2021. Growth in many sectors of the economy supported job creation, especially in positions supporting above-average earnings,” said TRREB president Kevin Crigger in the organization 2021 analysis.

“Added to this was the fact that borrowing costs remained extremely low. These factors supported not only a continuation in demand for ground-oriented homes, but also a resurgence in the condo segment as well,” he added.

Brampton’s detached home market increased the most, with the average sale price spiking from $1,034,004 to $1,456,763 in just 12 months — a 40.9 per cent year-over-year increase. Likewise, semi-detached units sold for an average of $1,120,501 in December 2022, marking a 38.3 per cent increase compared to $810,140 the same month the previous year.

The average price to purchase a detached home in Brampton has more than doubled over the past five years. In December 2016, the average sale price for Brampton detached units was $724,155.

The story was much the same for condos, with townhouse condos seeing a 40 per cent year-over-year spike in average price in 2021 from $573,130 in December 2020, to $802,486 last month.

Apartment condos saw the smallest increase in terms of percentage growth at 28 per cent, from $457,105 to close out 2020, to a record high of $585,225 in the final month of 2021.

Total sales were also up significantly in Brampton in 2021 compared to the previous year, from 9,804 to 12,012 — or 22.5 per cent more this year. Sales figures in 2021 shattered the previous annual sales record of 10,964 set back in 2016.
visit this link https://www.bramptonguard .. 4m-on-average/


image
image

^ I remember seeing an a real estate flyer a few years ago where a house in that area was going for 600k. I was taken back cause 20 years ago there’s no way it was above 80k.
+3   



best
worst
12 comments
 

 4 months ago '15        #2
kami  topics gone triple plat - Number 1 spot x6 OP
Props total: 58702 58 K  Slaps total: 24999 24 K



This development is adjacent to that area. This was 1971
+5   

 4 months ago '07        #3
kuruptjatt 
Props total: 4181 4 K  Slaps total: 1286 1 K
Don't sell CDN real estate, just leverage it to copp the next one.

Government about to change the rules for buying a rental, no more down payment from a HELOC.

Too many common folk got rich the last few years and they don't like it one bit
+4   

 4 months ago '16        #4
Boogersugar  topics gone triple plat - Number 1 spot x17
Props total: 98012 98 K  Slaps total: 14185 14 K
It's a bubble. Housing historically rises with inflation. Inflation is not at 40%. When interest rates rise, the bubble will slowly deflate over the next year or two. A lot of those gains are going back and I'm saying this as someone sitting in a home that has appreciated over 50% since I bought it. No way these valuations hold when higher interest rates push buyers out of the market. Simple supply and demand.
+7   

 4 months ago '19        #5
MarathonOG 
Props total: 1750 1 K  Slaps total: 480 480
Sometimes you pay half a mill for houses built directly after WW2..

Classic Canada.

Get Rekt.
+2   

 4 months ago '21        #6
RackboyCam 
Props total: 1326 1 K  Slaps total: 224 224
Couldn’t pay me to live in Brampton
+2   

 4 months ago '16        #7
postemupndunkit 
Props total: 78924 78 K  Slaps total: 9408 9 K
This real estate sh*t is ruining the GTA.
+2   

 4 months ago '16        #8
seatownslayer  topics gone triple plat - Number 1 spot x7
Props total: 6541 6 K  Slaps total: 1832 1 K
 Boogersugar said
It's a bubble. Housing historically rises with inflation. Inflation is not at 40%. When interest rates rise, the bubble will slowly deflate over the next year or two. A lot of those gains are going back and I'm saying this as someone sitting in a home that has appreciated over 50% since I bought it. No way these valuations hold when higher interest rates push buyers out of the market. Simple supply and demand.
Maybe in a city like this but in seattle It aint coming down ever.. sh*t went up super fast and there is still no where to live for new people.. it about supply and demand if there is no supply the price will stay high.. my girls condo went from 210 to 300 in a little more then a year.
+2   

 4 months ago '16        #9
Replicate45 
Props total: 16435 16 K  Slaps total: 2249 2 K
sportsbook top 10
 kuruptjatt said
Don't sell CDN real estate, just leverage it to copp the next one.

Government about to change the rules for buying a rental, no more down payment from a HELOC.

Too many common folk got rich the last few years and they don't like it one bit
They money and real estate purchases are coming from China and Hong Kong it's being used to clean money. They got into the game 2006 and have been moving billions but the Government never once got involved because pockets were getting filled in many sectors. Just look at Vancouver and Toronto you got abandoned condos and houses sitting empty for years.
+2   

 4 months ago '16        #10
Boogersugar  topics gone triple plat - Number 1 spot x17
Props total: 98012 98 K  Slaps total: 14185 14 K
 seatownslayer said
Maybe in a city like this but in seattle It aint coming down ever.. sh*t went up super fast and there is still no where to live for new people.. it about supply and demand if there is no supply the price will stay high.. my girls condo went from 210 to 300 in a little more then a year.
You might be right. Could be. But I don't think you are. I'm in Austin, TX one of the hottest markets in America as well. My home has gone from 230k to over 375k in a bit over a year. It's unsustainable. When we last had a housing crisis in 2008 the areas that went up the most went down the most. Areas that didn't see insane historically anomalous increases didn't see big downturns which makes sense intuitively.

The thing about supply is the constraints are loosening and people have been listing homes they would've listed last year if it weren't for covid fears, not wanting to have open houses, general uncertainty and fear, etc etc etc. Seattle is still in a low-supply point but I think it will ease when interest rates rise.

Lots of dummies have ARMs right now and when interest rates go up they'll have to sell because they will no longer be able to afford the payments. And they will have fewer buyers because higher interest rates mean higher monthly mortgage notes and that's what buyers actually pay attention to. More supply + fewer buyers is coming to every market in the US if we have as many interest rate hikes as we're projected to. Again, could be wrong but I don't see why any market that has seen crazy gains won't be subject to these issues.
+4   

 4 months ago '16        #11
seatownslayer  topics gone triple plat - Number 1 spot x7
Props total: 6541 6 K  Slaps total: 1832 1 K
 Boogersugar said
You might be right. Could be. But I don't think you are. I'm in Austin, TX one of the hottest markets in America as well. My home has gone from 230k to over 375k in a bit over a year. It's unsustainable. When we last had a housing crisis in 2008 the areas that went up the most went down the most. Areas that didn't see insane historically anomalous increases didn't see big downturns which makes sense intuitively.

The thing about supply is the constraints are loosening and people have been listing homes they would've listed last year if it weren't for covid fears, not wanting to have open houses, general uncertainty and fear, etc etc etc. Seattle is still in a low-supply point but I think it will ease when interest rates rise.

Lots of dummies have ARMs right now and when interest rates go up they'll have to sell because they will no longer be able to afford the payments. And they will have fewer buyers because higher interest rates mean higher monthly mortgage notes and that's what buyers actually pay attention to. More supply + fewer buyers is coming to every market in the US if we have as many interest rate hikes as we're projected to. Again, could be wrong but I don't see why any market that has seen crazy gains won't be subject to these issues.
The only way I see prices coming down in major cities is if ahit happen like LA where its a mass exit... but at the same time thay happened in ny and the price stayed the same... so it hard to predict... but I do know how much my hip-hop home has rising since my parents bought it and god damn the sh*t jusy keeps going up.. unless America fails as a country or collapses or some crazy natural disaster or some sh*t I dont see prices changing to much.. it crazy tho cuz pay isn't getting any higher for the average man but the prices of house is sky rocketing... I dont get how people can even buy them.. well see how those mortgages hold out over the years hopefully we don't see another bank bail out like last time they gave all those sh*tty loans no one could pay..

 4 months ago '05        #12
Muggz  topics gone triple plat - Number 1 spot x1
Props total: 20805 20 K  Slaps total: 5645 5 K
 Boogersugar said
You might be right. Could be. But I don't think you are. I'm in Austin, TX one of the hottest markets in America as well. My home has gone from 230k to over 375k in a bit over a year. It's unsustainable. When we last had a housing crisis in 2008 the areas that went up the most went down the most. Areas that didn't see insane historically anomalous increases didn't see big downturns which makes sense intuitively.

The thing about supply is the constraints are loosening and people have been listing homes they would've listed last year if it weren't for covid fears, not wanting to have open houses, general uncertainty and fear, etc etc etc. Seattle is still in a low-supply point but I think it will ease when interest rates rise.

Lots of dummies have ARMs right now and when interest rates go up they'll have to sell because they will no longer be able to afford the payments. And they will have fewer buyers because higher interest rates mean higher monthly mortgage notes and that's what buyers actually pay attention to. More supply + fewer buyers is coming to every market in the US if we have as many interest rate hikes as we're projected to. Again, could be wrong but I don't see why any market that has seen crazy gains won't be subject to these issues.
toronto and the GTA in canada been different bro. 500K houses to 1.3Mill in like 3 years no lie
+2   

 4 months ago '07        #13
PurpleKush 
Props total: 9960 9 K  Slaps total: 2054 2 K
Brampton got hella brown hoes waiting for the D
+1   



Sign me up
 
 

yesterday...


most viewed right now
+151online now  27
When that liquor kicks in
112 comments
20 hours ago
@wild'ish
most viewed right now
online now  21
5/23..........mush mouth mumbles about her loss to asuka last week
215 comments
22 hours ago
@misc
most viewed right now
+16online now  20
Video inside The New 2023 Range Rover Sport is Beautiful, High-Tech, and Minimalist
45 comments
1 day ago
@rides
most viewed right now
+30online now  17
"judge i actually enjoyed this gunna video (take it to trial)"-atl prosecutor
160 comments
1 day ago
@hiphop
back to top
register register Follow BX @ Twitter search BX privacyprivacy