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Housing Statistics For Brampton and Mississauga

Market Watch and Economic Indicators For Brampton and Mississauga

 How Housing Statistics Affect You
 
When buying, selling or renting a home it is important that you are aware of housing statistical information for the neighborhood. Not knowing market statistics can cause you to pay more for a home than it's worth or sell your home for less.  Be informed!  Review housing stats below andconatct MyDaddyHomes  to help you Buy, Sell or rent a home or condo.
 
Summary Of Housing Activity To January 2018

 

April 4, 2018 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB's MLS® System in March 2018. This result was down by 39.5 per cent compared to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB's MLS® System totaled 14,866 – a 12.4 per cent decrease compared to March 2017 and a three per cent decrease compared to the average for the previous 10 years.

"TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017," said Mr. Syrianos. "The effects of the Fair Housing Plan, the new OSFI mandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year."

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3 per cent compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

"Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven't seen prices climb back to last year's peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings," said Jason Mercer,

Brampton And Mississauga Housing Statistics to Decmeber 2017:

Legend:

Avg. SP/LP: Average sale price to list price

Avg. DOM: Average days on the market before being sold

Summary By House Type:

Detached 

City:

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$823,000

$780,000

98%

25

Mississauga

$1,140,000

$916,000

95%

35

Semi-Detached  

City

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$638.000

$635,000

98%

25

Mississauga

$680,000

$672,000

98%

21

 Freehold Townhouse 

City

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$601,000

$604,000

99%

21

Mississauga

$672,000

$654,000

97%

20

 Condo Townhouse 

City

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$465,000

$451,000

99%

27

Mississauga

$519,000

$528,000

98%

25

Condo Apartment  

City

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$346,000

$345,000

98%

29

Mississauga

$401,000

$373,000

99%

23


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Cell:  416-258-3079,  Off: 905-456-1177 or E-Mail Us 

 

Mydaddyhomes.com is where smart buyers and sellers visit when they are looking to buy or sell Brampton or mississauga Real Estate. A Brampton or Mississauga home, house  or condo.  Mydaddyhomes.com is a state of the art  home buying and selling system for Brampton and Mississauga Real Estate and Brampton Homes and Brampton condos and Mississauga Homes and condos for sale.  With information on trades and professional people, homes for sale and service directories MydaddyHomes.com is a good place to start your house hunting.  Contact Brampton and Mississauga Real Estate agents, Edison and Arlene Samuel we will be there for you.

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One of the best investment decisions you can make is to buy Mississauga or Brampton Real Estate, buying Mississauga or Brampton Real Estate is a sound investment, based on the yearly increase in Mississuaga and Brampton, Buying Mississauga or Brampton real Estate is a good retirement fund.
 
When buying Mississauga or Brampton real estate, a Mississuaga or Brampton House or Home you must have trust and confidence in your real estate agent. The MyDaddyHomes team is commitment to ensuring their clients are satisfied with the level of service they receive. The MyDaddyHomes team is committed to provide you with Real Estate Services second to none. Call us first and see what quality service is.
 
Buying a Brampton or Mississauga home is a great investment. With a Brampton or Mississauga home you have piece of the rock. When comparing Brampton and Mississauga homes to other homes in the GTA, Brampton and Mississauga has the best to offer. Mississauga and Brampton homes come in all different type, You can get a starter Brampton home for around $210,000, a semi-detached Brampton home for around 240-270,000, a newer Brampton town home for around 260-280,000, a newer semi-detached for around $280-310,000. In the detached Brampton homes, you can get a 2000, sq, ft home for around $350.000 and then bigger Brampton homes from 350-600,000. So is a Brampton home a great investment? yes it is, Come join us and enjoy comfort and a great lifestyle in a Brampton home. Contact Brampton Real Estate agents, Edison and Arlene Samuel today.

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