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Brampton and Bramalea Price Statistics for 2016

Posted January 24th, 2017 under market updates.

This chart summarizes the 2015 selling prices for homes in the Bramalea area (south of Bovaird, between Highway 410 and Torbram), as well as for the whole of Brampton. Compared to 2014, average prices rose between 4.6% and 14.7%, far beyond the rate of inflation for the second year in a row. Overall, prices have increased 40–45% since 2010, a much faster increase than what is typical. This chart summarizes the 2016 selling prices for homes in the Bramalea area (south of Bovaird, between Highway 410 and Torbram), as well as for the whole of Brampton. Compared to 2015, average prices rose between 14.3% and 24.1%, with the exception of luxury townhouses, which increased by “just” 5%. These increases are far beyond the rate of inflation—for the third year in a row—and there is no doubt that flips played a part (see “The Flips Keep Coming” for details).

Bramalea Area Only

type lowest highest average vs. 2015
Apartment one bedroom $165,000 $265,000 $218,900 +19.7%
two bedrooms $167,500 $380,000 $245,700 +14.3%
three bedrooms $178,500 $364,000 $259,800 +15.2%
Townhouse no garage $250,000 $395,000 $316,300 +24.1%
with garage $229,000 $432,000 $335,200 +19.4%
luxury $335,000 $427,500 $378,900 +5.0%
Semi-Detached no garage $341,400 $606,000 $482,100 +20.7%
with garage $360,000 $614,000 $509,700 +20.7%
Detached zero lot line $365,000 $516,000 $405,000 +23.0%
no garage $440,000 $625,000 $542,600 +21.7%
with garage $430,000 $1,350,000 $612,200 +20.5%

All of Brampton

average vs. 2015
Apartment $271,300 +15.3%
Townhouse $371,400 +18.8%
Semi-Detached $531,900 +20.7%
Detached $687,800 +19.8%

The average prices for Brampton as a whole are higher than those for Bramalea alone, because most of the homes outside of Bramalea are newer and, in general, larger.

Want to know more about the state of the market? Just ask me, I'll be happy to help.

--Peter

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