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Brampton and Bramalea Price Statistics for 2020

Posted January 19th, 2021 under market updates.

This chart summarizes the average 2020 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 2019, prices rose between 13% and 14.5%, much faster than the previous three years. Apartments continue to sell for around 48% the price of detached homes. 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.

Bramalea Area Only

type lowest highest average vs. 2019
Apartment one bedroom $352,000 $460,000 $397,100 +19.9%
two bedrooms $340,000 $550,000 $446,400 +18.2%
three bedrooms $392,000 $590,000 $478,600 +14.8%
Townhouse no garage $435,000 $579,000 $505,800 +17.8%
with garage $423,000 $600,000 $527,900 +16.4%
luxury $533,700 $625,000 $582,300 +13.8%
Semi-Detached no garage $541,000 $843,000 $694,300 +13.8%
with garage $627,000 $879,000 $730,900 +13.4%
Detached zero lot line $457,800 $780,000 $610,900 +14.2%
no garage $680,000 $835,100 $755,200 +12.8%
with garage $577,600 $1,810,000 $858,700 +16.0%

All of Brampton

average vs. 2019
Apartment $459,700 +13.3%
Townhouse $567,000 +14.3%
Semi-Detached $762,400 +13.5%
Detached $970,800 +14.6%

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. However, this gap is slowly closing.

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

--Peter

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