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Brampton and Bramalea Price Statistics for 2019

Posted January 29th, 2020 under market updates, smart buying, smart selling.

This chart summarizes the average 2019 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 2018, prices rose between 5% and 11%, which was slightly more than from 2017 to 2018. As with 2018, apartment prices rose more than freeholds. This is likely due to the high prices of freeholds in the last few years. Historically, apartments have sold at around 55% of the price of detached homes, until 2000 when interest rates dropped drastically and detached homes became more affordable. Apartment prices started to lag behind, reaching a low of 39.5% of detached home prices in 2010. They then started to catch up again, and are now back to about 48% of the price of detached homes.

Bramalea Area Only

type lowest highest average vs. 2018
Apartment one bedroom $293,000 $367,000 $331,100 +9.8%
two bedrooms $300,000 $465,000 $377,600 +9.6%
three bedrooms $345,000 $475,000 $416,900 +13.3%
Townhouse no garage $372,000 $495,000 $429,500 +6.7%
with garage $350,000 $519,900 $453,600 +3.8%
luxury $450,500 $545,000 $511,900 +6.0%
Semi-Detached no garage $517,000 $748,000 $610,100 +7.2%
with garage $510,000 $750,000 $644,300 +6.7%
Detached zero lot line $440,000 $635,000 $534,900 +7.5%
no garage $519,100 $805,000 $669,400 +4.5%
with garage $515,000 $1,065,000 $740,400 +5.3%

All of Brampton

average vs. 2018
Apartment $405,700 +11.0%
Townhouse $495,900 +5.1%
Semi-Detached $671,600 +5.7%
Detached $846,800 +6.1%

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 current market trends? Just ask me, I'll be happy to help.

--Peter

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