Brampton

Rental Market

In Brampton, the average rental rate stands at $2,394, reflecting a strong market with a remarkable 7.2% annual rental appreciation over the past decade. Demand for homes for sale in Brampton remains robust, evidenced by a low vacancy rate of just 0.9%.

Seller Market

The average price per square foot for all pre-construction homes in Brampton, including condos, is $980. Impressively, the average pre-construction appreciation rate over the past decade has been 23.4% annually.

Currently, any home in Brampton will resell at around $1,170,860, with an average appreciation rate of 19% in the last ten years.

-New Condos

Renting Time for Condos: As of May 2024, rental condos in Brampton typically stay on the market for about 30 days. 

Selling Time for Condos: As of May 2024, a condo for sale in Brampton goes for an average price of $545,194, a 7.2% decrease compared with the previous year, and stays on the market for about 28 days, nearly a week faster than last year.

-New Homes

Renting Time for Homes: As of today, rental homes in Brampton stay on the market for about 17 days.

Selling Time for Homes: Brampton homes usually stay 16 days on the market for sale, which is 60% higher than May 2023.

• Top-rated Education: Brampton is home to many excellent educational institutions, including private and public schools with stellar reputations, and the Davis Campus of Sheridan College. Being close to prominent educational institutions such as York University and the University of Toronto Mississauga makes the city an attractive choice for families with students.
• Multi-cultural Vibe: Brampton is a community that prides itself on its diverse population. A diverse population with rich histories, customs, and languages makes this an interesting and exciting place to live. Cultural festivals, dining alternatives, and community activities reflect this variety by serving a broad range of tastes and interests.
• Vast Greenery: Countless Parks, Conservation Areas, and Trails: Brampton is a great place to go hiking, biking, or just relaxing in nature. The vast trail networks, Heart Lake Conservation Area, and Chinguacousy Park provide locals plenty of opportunities to go hiking, picnicking, and just enjoy the outdoors.
• Excellent Transportation: Proximity to major highways (401, 403, 407) and other forms of excellent public transit make getting around the GTA a breeze. You can go to downtown Toronto and other places around quickly and easily by using public transportation, such as the GO Train stations.
• Bustling Job Market: Brampton’s employment market is expanding in many fields, including healthcare, education, manufacturing, and technology, thanks to the city’s booming economy. Jobs in neighbouring cities like Mississauga and Toronto are easily accessible to people of this city because of its central position within the Greater Toronto Area.

• Urban Sprawl: Some parts of Brampton have lost some of their character and accessibility due to urban sprawl, a result of the city’s fast growth and development. 
• Steep Property Taxes: The property taxes in Brampton are often higher than those in other nearby towns.
• Bad Traffic: Congestion, especially during rush hours, is becoming more of a problem as Brampton’s population rises. For many whose jobs take them outside of town, the lengthy commutes may be a major inconvenience.