Brampton Housing Market Report

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Brampton's housing market took off in March 2021 to break all-time records in Brampton's average sold price and total transactions, and remained sky-high in June 2021 compared to June 2020, as average sold prices reached $1,026,255 in March before dipping slightly to $1,012,039 in June. Dominated by detached homes, with 54% of Brampton housing transactions being detached homes, the average price of a home in Brampton was lifted with the help of the massive price increase in detached homes.

Year-over-year, detached homes in Brampton experienced a whopping 27% price increase from June 2020 to June 2021 to end at an average sold price of $1,196,507, with a 24% increase in transactions. Semi-detached homes increased a similarly large increase of 20% year-over-year with an average price of $896,283, not far from the average price of a townhouse at $827,756. Meanwhile, condo apartments in Brampton had the smallest price increase of just 10% year-over-year, ending at $515,322.

Surprisingly, the number of transactions for semi-detached homes decreased by 6% year-over-year, after the number of transactions plummeted nearly in half over the past three months, from 323 transactions in March 2021 to 187 transactions in June 2021.

The number of transactions in Brampton, at 1,104 sales, surpassed the number of transactions in Mississauga, at 1,044 in June 2021. Brampton's median home price of $933,000 also put itself ahead of Mississauga's median home price of $900,000.

With homes being sold in an average of 11 days, Brampton has one of the tightest housing markets in the GTA, with only 0.9 months of inventory, equivalent to about 27 days of inventory. In comparison, Mississauga's housing market had 1.1 months of inventory, and the City of Toronto had 1.5 months of inventory. Very limited supply means that home sellers are still in control, but slowly dwindling demand as transactions slow might allow Brampton house prices to stabilize in the meantime.

Brampton Housing Market Overview

Data for June 2021
Avg. Sold Price:$1,012,039
All Property Types:$1,012,039
Detached:$1,196,507
Semi-Detached:$896,283
Townhouse:$827,756
Condo Apartment:$515,322
Transactions (Buy/Sell):1,104
All Property Types:1,104
Detached:594
Semi-Detached:187
Townhouse:175
Condo Apartment:54

Home Prices in Brampton

Single-Family Detached Home Prices in Brampton

Statistics for June 2021
Average Price: $1,196,50727.0% from Jun. 2020
Units Sold: 59424.3% from Jun. 2020
New Listings: 7823.3% from Jun. 2020

Semi-Detached Home Prices in Brampton

Statistics for June 2021
Average Price: $896,28319.5% from Jun. 2020
Units Sold: 187-6.0% from Jun. 2020
New Listings: 232-7.6% from Jun. 2020

Townhouse Prices in Brampton

Statistics for June 2021
Average Price: $827,75616.3% from Jun. 2020
Units Sold: 17534.6% from Jun. 2020
New Listings: 211-1.9% from Jun. 2020

Condo Prices in Brampton

Statistics for June 2021
Average Price: $515,32210.4% from Jun. 2020
Units Sold: 5474.2% from Jun. 2020
New Listings: 88-1.1% from Jun. 2020

Brampton Housing Market Statistics for All Property Types

Data for June 2021
$1,012,039
Avg. Sold Price
1%
Monthly change
-1%
Quarterly change
23%
Annual change
1,104
Transactions (Buy/Sell)
-6%
Monthly change
-31%
Quarterly change
21%
Annual change

Average Sold Price and MLS HPI Benchmark Price

Total Transactions

Property Type Distribution

Detached
Semi-Detached
Townhouses
Condo Apartments

Free Home Value Estimator

Property Type
Condo Apt.Condo Apt.
Condo TownhouseCondo Townhouse
Detached HouseDetached House
Semi-DetachedSemi-Detached
Your Home's Address
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Your Annual Property Tax in 2020
/year
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Housing Markets Across Canada

Interactive Map - Hover Over Province for Details
ONQCMBSKABBCYTNTToronto$1,089,536Vancouver$1,175,100Hamilton$787,758Montreal$514,868Ottawa$659,929Edmonton$398,229Calgary$494,111Winnipeg$369,310
$250k to $300k
$300k to $340k
$340k to $400k
$400k to $460k
$460k to $600k
$600k to $910k

Market Overview for Detached Homes

Data for June 2021
$1,196,507
Avg. Sold Price
0.91%
Monthly change
-2%
Quarterly change
27%
Annual change
594
Transactions (Buy/Sell)
-4%
Monthly change
-32%
Quarterly change
24%
Annual change

Average Sold Price

Transactions

Market Overview for Semi-Detached Homes

Data for June 2021
$896,283
Avg. Sold Price
0.68%
Monthly change
-0.41%
Quarterly change
20%
Annual change
187
Transactions (Buy/Sell)
-19%
Monthly change
-42%
Quarterly change
-6%
Annual change

Average Sold Price

Transactions

Market Overview for Townhouses

Data for June 2021
$827,756
Avg. Sold Price
1%
Monthly change
-2%
Quarterly change
16%
Annual change
175
Transactions (Buy/Sell)
6%
Monthly change
-12%
Quarterly change
35%
Annual change

Average Sold Price

Transactions

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Market Overview for Condo Apartments

Data for June 2021
$515,322
Avg. Sold Price
2%
Monthly change
5%
Quarterly change
10%
Annual change
54
Transactions (Buy/Sell)
-10%
Monthly change
-39%
Quarterly change
74%
Annual change

Average Sold Price

Transactions

Brampton Housing Market History from 1954 to 2021

Glossary and Definitions

MLS® HPI: The MLS® Home Price Index (HPI) is an index by the Canadian Real Estate Association (CREA) that tracks the prices of homes in a neighborhood. It allows Canadians to quickly compare home prices across Canada and between periods of time without having to account for specific features of a property. Unlike market prices, which can fluctuate from month to month based on seasonal dynamics, the HPI provides a stable view tracks trends across a longer period of time. The HPI is reviewed every year in May to adjust for changes in the real estate marketplace.

MLS® HPI Benchmark Price: The MLS® Home Price Index (HPI) Benchmark Price is the HPI translated into a real-world price number.

Strata Insurance: Strata insurance is insurance used by a strata like a condominium to covers damages to common areas and assets and liability to the strata. It can also include fixtures built or installed as part of the original construction of each unit, even though these may not be common structures. The insurance can cover:

  • Buildings and structures associated with the strata including common areas such as the roof, parking garages, driveways, gyms, pools, etc.
  • Liability for any property damage or bodily injury suffered on strata property
  • Any fixtures that are part of the "standard unit" or original construction of each unit

Strata insurance does not usually include personal items and appliances that are part of a condo unit. It also does not cover the damages made by individual unit owners, such as in the case of water damage caused by a unit owner. These are usually covered by personal condo insurance.

Property types

Detached home: A detached home is your standard single-family home. It is a residential building that stands alone and is separately titled or legally a single unit.

Semi-detached home: A semi-detached home is similar to a detached home, except it shares a wall with another home. This pair of homes must make up an independent building and each should be separately titled or legally two separate units. There can only be two homes in a semi-detached building.

Townhouses: A townhouse is the middle between a detached/semi-detached home and a condo apartment. Like detached and semi-detached homes, they are often single-family units that have their own land and may be attached to other units. However, like condo apartments, they typically have to pay co-ownership fees for maintenance and may share some common features with their neighbors.

Condo apartment: This category includes all apartments and condominiums. These are complexes of residential units with common areas such as hallways, parking lots, stairwells, etc. They can be low-rise, mid-rise, or high-rise buildings. Unlike townhouses, there are no parts of the lot (the land of the building) where access is reserved for only one owner or occupant. There can be privately owned units and spaces inside the building.

Plexes are multi-story buildings with two to four individual units, usually one on each floor. They are a mainstay in Montreal and other cities in Quebec. Each unit is usually individually accessible via an external entrance with higher floors connected by staircases.

Property Classes

Freeholds: A freehold is any property where the owner owns both the house and the land it is built on. Common freehold property types include: detached, semi-detached, some townhouses, and farmland.

Condominiums: A condominium or condo is any property where the owner owns the home (or unit) but shares ownership of the land and other improvements with a condominium corporation. Common condominium property types include condo apartments and some townhouses.

Housing Markets Across Canada

Data sourced from the Toronto Regional Real Estate Board (TRREB) and the Canadian Real Estate Association (CREA). Any analysis or commentary is the opinion of the analysts at WOWA.ca and should not be construed as investment advice. Please consult a licensed real estate professional before making a real estate investment decision. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.