Condominium Market Outlook for Brampton, Ontario in 2020
Active listings on market:
Brampton is one of the 7th fastest growing cities in Greater Toronto, Ontario. The condos here sell very fast and hence it is said to be the second fastest selling and 15th most expensive area. According to the February 2020 Housing Market Report, the average price of a house for sale in Brampton is $ 768,613. There are about 729 new listings in the last 28 days and the average days for a home on the market is 16 days. The city’s proximity to Toronto and affordability has made it one of the strongest real estate markets there.
Average price for Brampton Condos
The average condo costs $ 444K which is 13% higher than the most recent year. Mostly if the condos in the new listing are 45 three-bedroom apartments and their number has increased since the most recent year. One- and two-bedroom apartments have been less popular in listings over the past year. Average and average price for condo prices are increasing in 2020. The better part of the last two years, and a higher number of transactions, have resulted in the rise in prices being attributed to strong consumer confidence. The Brampton housing market currently sits in the seller’s area, due to limited inventory across the region.
The average rent for a condo in Brampton is $ 1187 that is an increase of 2.7% from the previous year when the average rent was $ 1155 in January 2020. The rent for a one-bedroom apartment Brampton is an average of $ 1051 per month (a 2.09% increase from the previous year) and a two-bedroom apartment at an average of 1181.
Best areas in the city to buy condos
Going to the excellent Mount Pleasant Community in Brampton, M Condos will give inhabitants an advantageous area between a urban travel town and an open green space. This boutique condo will rise 8- story and will cater to just 75 exclusive suites keeping in mind the metropolitan family. Live among shopping spots, food, schools, trails, parkland and more. Youthful experts, developing families and financial specialists alike will see the value in this kind of task. Each apartment costs $ 646,990 – $ 764,990, depending on the number of rooms and location of an apartment.
Located in the center of downtown Brampton, Symphony Condominiums will provide residents with unique interior suite design, a majestic view and countless building facilities. Symphony Condos is a unique blend from 1 bedroom to 2 bedrooms + den suites ranging from $ 454,990 – $ 583,990. This high-rise condo has attractive amenities such as a state-of-the-art health center, social rooms and lounges, and an outdoor terrace with a BBQ area, providing an opportunity to see the city of Brampton. Suites range in size from 643–1037 square feet.
