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.

 https://www.bramptonguard .. 4m-on-average/





^ 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.

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This development is adjacent to that area. This was 1971

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

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.

Sometimes you pay half a mill for houses built directly after WW2..

Classic Canada.

Get Rekt.

Couldn’t pay me to live in Brampton

This real estate sh*t is ruining the GTA.

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.

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.

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.

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..

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

Brampton got hella brown hoes waiting for the D