Brampton Housing Market Report

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Market Report Summary
Updated October 13th, 2021
  • Brampton average sold prices continued to break all-time records, reaching $1,072,988 for September 2021
  • Detached home prices increased by 32% year-over-year to $1.31M
  • Semi-detached home prices increased by 23% year-over-year to $952K
  • Townhouse prices increased by 24% year-over-year to $891K
  • Condo apartment prices increased by 15% year-over-year to $530K

Brampton Housing Market Overview

Data for September 2021
Avg. Sold Price:$1,072,988
All Property Types:$1,072,988
Detached:$1,311,520
Semi-Detached:$952,292
Townhouse:$891,553
Condo:$530,463
Condo Apartment:$695,640
Transactions (Buy/Sell):854
All Property Types:854
Detached:432
Semi-Detached:150
Townhouse:132
Condo:55
Condo Apartment:82

Brampton’s housing market continues to march onwards this September as the city carries on with record-breaking prices. The average sold price for Brampton was $1,072,988 in September 2021, a 24% year-over-year price increase and also a 1% increase from August 2021. This is an all-time high for Brampton, with average sold prices even higher than the prices seen this past spring. Sales activity has largely fallen away however, with transactions returning to more normal levels. Transactions are down 3% monthly and down 25% year-over-year, to 854 transactions for September 2021.

Looking at Brampton property types, both detached and semi-detached homes experienced a monthly decrease in transactions, with their monthly average sold price change also lagging behind. Townhouse average sold prices increased 4.65% from last month, while detached lagged behind at a 2.85% increase and semi-detached at a 2.0% increase.

The average price for a detached home sold in Brampton in September 2021 was $1,311,520. That's almost a 32% increase from last year, but transactions are also down 32%. Semi-detached average prices rose 22.5% to $952,292, with a 28% decrease in transactions. Townhouses had an average price of $891,553, a 24% year-over-year increase, with a 14% year-over-year decrease in transactions. Condo prices saw the smallest annual price change, with a 14.6% increase to $530,463, but was also the only property type to not have a negative change in transactions year-over-year.

Home Prices in Brampton

Single-Family Detached Home Prices in Brampton

Statistics for September 2021
Average Price: $1,311,52031.8% from Sep. 2020
Units Sold: 432-32.1% from Sep. 2020
New Listings: 550-40.5% from Sep. 2020

Semi-Detached Home Prices in Brampton

Statistics for September 2021
Average Price: $952,29222.5% from Sep. 2020
Units Sold: 150-27.9% from Sep. 2020
New Listings: 168-44.0% from Sep. 2020

Townhouse Prices in Brampton

Statistics for September 2021
Average Price: $891,55324.3% from Sep. 2020
Units Sold: 132-14.3% from Sep. 2020
New Listings: 127-47.7% from Sep. 2020

Condo Prices in Brampton

Statistics for September 2021
Average Price: $530,46314.6% from Sep. 2020
Units Sold: 550.0% from Sep. 2020
New Listings: 76-24.8% from Sep. 2020

Brampton Housing Market Statistics for All Property Types

Data for September 2021
$1,072,988
Avg. Sold Price
1%
Monthly change
6%
Quarterly change
24%
Annual change
854
Transactions (Buy/Sell)
-3%
Monthly change
-23%
Quarterly change
-25%
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
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Semi-DetachedSemi-Detached
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Housing Markets Across Canada

Interactive Map - Hover Over Province for Details
ONQCMBSKABBCYTNTToronto$1,070,911Vancouver$1,176,600Hamilton$779,486Montreal$541,811Ottawa$606,943Edmonton$384,874Calgary$488,043Winnipeg$355,653
$260k to $310k
$310k to $330k
$330k to $380k
$380k to $450k
$450k to $560k
$560k to $900k

Market Overview for Detached Homes

Data for September 2021
$1,311,520
Avg. Sold Price
3%
Monthly change
10%
Quarterly change
32%
Annual change
432
Transactions (Buy/Sell)
-6%
Monthly change
-27%
Quarterly change
-32%
Annual change

Average Sold Price

Transactions

Market Overview for Semi-Detached Homes

Data for September 2021
$952,292
Avg. Sold Price
2%
Monthly change
6%
Quarterly change
23%
Annual change
150
Transactions (Buy/Sell)
-21%
Monthly change
-20%
Quarterly change
-28%
Annual change

Average Sold Price

Transactions

Market Overview for Townhouses

Data for September 2021
$891,553
Avg. Sold Price
5%
Monthly change
8%
Quarterly change
24%
Annual change
132
Transactions (Buy/Sell)
22%
Monthly change
-25%
Quarterly change
-14%
Annual change

Average Sold Price

Transactions

Market Overview for Condo Apartments

Data for September 2021
$530,463
Avg. Sold Price
3%
Monthly change
3%
Quarterly change
15%
Annual change
55
Transactions (Buy/Sell)
25%
Monthly change
2%
Quarterly change
0%
Annual change

Average Sold Price

Transactions

Brampton Housing Market History from 1954 to 2021

Greater Toronto Area (GTA) Breakdown by Region

Data for September 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.