Understanding Brampton Real Estate Trends in 2025: Comprehensive Insights
Statistics from Brampton Real Estate Trends
Current Market Overview
- As of the latest data, the average home price in Brampton is approximately $1,060,000, marking a year-over-year increase of 3%.
- The median price for detached homes is $1,250,000, while semi-detached homes average around $930,000.
- Condominiums offer a more affordable option, with average prices hovering near $630,000.
Price Trends by Property Type
- Detached Homes: The price of detached homes has risen by 2.5% in the last quarter, indicating steady demand.
- Semi-Detached Homes: This category saw a modest 1.8% increase in prices compared to the previous year.
- Condos: With a 4% rise in prices, condominiums remain a hot choice for first-time buyers and investors.
Sales Volume and Activity
- Total home sales in Brampton recorded a slight dip of 1.2% from the previous year, reflecting market stabilization.
- Detached homes account for 40% of sales, semi-detached homes for 30%, and condos for 20%.
- The average time on the market for properties is 21 days, slightly up from 18 days last year.
Rental Market Statistics
- Average monthly rent for a one-bedroom apartment is $1,800, while two-bedroom units average $2,200.
- Rental demand remains high, with a vacancy rate of just 1.5%.
Neighborhood-Specific Data
- Mount Pleasant: Average home price: $1,100,000; sales volume: up by 5%.
- Bramalea: Average home price: $950,000; steady sales with no significant change from the previous year.
- Fletcher’s Meadow: Average home price: $1,050,000; sales volume decreased by 2%.
Mortgage Rate Trends
- Current average mortgage rates for a five-year fixed term stand at 4.75%, up from 3.5% last year.
- The higher rates have influenced buyer affordability, particularly in the higher price brackets.
Future Projections
- Experts predict a 3% growth in home prices over the next year, driven by limited supply and consistent demand.
- Rental prices are expected to increase by 5%, with a sustained low vacancy rate.
Conclusion
Brampton’s real estate market continues to show resilience, with positive growth indicators across key metrics. Buyers and sellers should stay informed about these trends to make strategic decisions.
