Are you planning to buy a house in Brampton? Here is a guide to help you understand the city of Brampton, what you should expect in terms of living there, affordability, and transit.
The City of Brampton
Located just 44 kilometres from Toronto, the city of Brampton was voted one of the best Canadian cities to live in in 2021. Mayor Patrick Brown mentioned that Brampton is a safe, sustainable and successful city. The local government is working hard to promote and build Brampton as a thriving city that is connected, sustainable, inclusive, and positioned for further economic growth.
Brampton is known for its high quality of life. It has 4,110 hectares of parkland, 835 parks, open spaces and valley lands, 328 sports fields, 279 kilometres of recreational trails, 13 spray pads, six community gardens, four leash-free areas and more than 25 community centres.
Brampton currently has only one hospital, Peel Memorial Hospital, but the city has already started building a second hospital. It will be complete by 2023.
Brampton Real Estate
In the last 2 years, Brampton has become a favourite among home buyers because of its affordability and easy access to Toronto and all major highways. Sale prices drop drastically in the 4th quarter, like every year, but we’re expecting to see a quick increase starting January 2022.
Average House Price in Brampton, Ontario
In 2021, Brampton showed a 18.3% year-over-year increase in home price. Currently, an average 3-bedroom house in Brampton costs $1.1 million.
Home prices will continue rising, but here are some strategies that will help you in getting the best price while purchasing a home in Brampton:
- Purchase your home during the winters. Prices in December and January are lower than spring or summer.
- If you’re planning to buy a detached 3-bedroom property, expect to get lower prices in mid or late summer.
- Always get pre-approved. Home sellers tend to accept an offer that has their mortgage pre-approved.
Cost of a 3-Bedroom Condo in Brampton
Buying a condo in Brampton is one of the best decisions you can make as a first-time home buyer. If you cannot move away from GTA, purchase a condo in Brampton. They are affordable and located close to transit and everyday amenities. 3-bedroom condos start at $600,000 in Brampton and can go as high as $1 million depending on the area, location, and amenities offered.
Most Affordable Neighbourhoods in Brampton
As a top realtor in Brampton, I often get asked this question. The best part about living in Brampton is that it’s family-friendly.
- Brampton North
- Goreway Drive Corridor
I would love to represent you as your real estate agent and take you around to view these neighbourhoods. Brampton is a vibrant city and a melting pot of different cultures. You’ll find the best restaurants and the friendliest people there.