circle_1 circle_2 circle_3 circle_4

Blog

Brampton Real Estate 101 for Housing Market Secrets

 

Take a Crash Course in Brampton Real Estate 101

 

Are you looking for a home in the Brampton area? Houses in this vibrant city are in high demand, and it’s easy to see why. Brampton has all of the amenities of one of Canada’s top ten cities, along with a strong sense of community, and a strikingly diverse population. Brampton also features some of the most beautiful luxury homes available anywhere – whether you’re looking for a classic city home with architectural flair or ready to experience gracious country living on a Credit Valley acreage. Before you buy in Brampton, here are three things to consider:

 

Neighbourhoods

 

The old real estate maxim about "location” being the paramount consideration is still true. Before you begin looking at houses, do a little research about Brampton’s neighbourhoods, and see how each might fit with your family’s needs.

 

For example, Fletcher’s Meadow, an area in northwest Brampton, is a neighbourhood with many new homes and young families. Homes are still going up in this part of town and many overlook lush conservation areas. Schools in Fletcher’s Meadow score impressively on Ontario’s EQAO tests.

 

The Vales of Castlemore, on the city’s east side, is the neighbourhood with the highest average income, and homes in this area tend to be large and luxurious, with 40 – 80 foot frontages. If you plan to be in Toronto frequently, it may make sense to choose a home in this part of Brampton.

 

Downtown Brampton features leafy streets filled with heritage houses dating back to the mid-19th century, including some wonderful examples of Queen Anne style architecture with turrets, bay windows, and highly decorated verandahs.

 

The scenic Heart Lake area is in high demand; houses here tend to sell quickly. In fact, the average number of days that a house remains on the market in Brampton is only 18 days!

 

Brampton Market at a Glance

 

Current Brampton statistics:

  •        Average house price: $651,788.
  •        476 new listings in the last 28 days.
  •        Almost 60% of housing sales were for detached houses.
  •        Selling price to listing price ratio: 101%.
  •        Of the 23 GTA markets, Brampton scores in the top five for both turnover and fastest selling homes, but ranks way down at 19th for expense.

 

The Right Real Estate Professional

 

Once you have a sense of the city, call in a professional! In a market as complex as Brampton’s, you will want one of the city’s top real estate brokers on your side. Your broker should be able to:

  •       Listen to what your family wants, and present you with options that fit your criteria
  •        Help you to understand the pros and cons of various properties
  •        Help to negotiate and structure a deal
  •        Guide you through the paperwork
  •        Take you through the closing process

 

Your real estate professional should have good references from previous clients, and should be registered with RECO, the Real Estate Council of Ontario. Be sure to choose a broker who has plenty of experience, who is based in Brampton, and with whom you have a good rapport.

 

Once you have graduated Brampton Real Estate 101, and found the right real estate professional, have fun exploring the many things that great city has to offer – and find your dream home!