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Housing Statistics For Brampton and Mississauga

Market Watch and Economic Indicators For Brampton and Mississauga

 The Importance Of Housing Statistical Information
 
When you are 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 and Contact MyDaddyHomes today  to help you Buy, Sell or rent a home or condo.
 

Click On The Banner For Rental Information
 
Rental Statistics
Click Here For Rental Statistics Information. Average prices and other.

 
Summary Of Housing Activity To May 2017:

 

TORONTO, June 5, 2017 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 – down by 20.3 per cent compared to 12,790 sales reported in May 2016.  Sales of detached homes were down by 26.3 per cent.  Sales of condominium apartments were down by 6.4 per cent.

Active listings – the number of properties available for sale at the end of May – were up by 42.9 per cent compared to the lowest level in 15 years recorded in May 2016, but remained below the average and peak during that period.  The number increased considerably for low-rise home types including detached and semi-detached houses and townhouses.  Active listings for condominium apartments were down compared to May 2016.

“Home buyers definitely benefitted from a better supplied market in May, both in comparison to the same time last year and to the first four months of 2017.  However, even with the robust increase in active listings, inventory levels remain low.  At the end of May, we had less than two months of inventory.  This is why we continued to see very strong annual rates of price growth, albeit lower than the peak growth rates earlier this year,” said Mr. Cerqua.

Selling prices continued to increase strongly in May compared to the same month in 2016.  The MLS® HPI Composite Benchmark price was up by 29 per cent year-over-year.  The average selling price for all home types combined for the TREB Market Area as a whole was up by 14.9 per cent to $863,910.  Year-over-year price increases were greater for condominium apartments compared to low-rise home types.  This likely reflects the fact that the low-rise market segments benefitted most from the increase in listings.

“The actual, or normalized, effect of the Ontario Fair Housing Plan remains to be seen.  In the past, some housing policy changes have initially led to an overreaction on the part of homeowners and buyers, which later balanced out.  On the listings front, the increase in active listings suggests that homeowners, after a protracted delay, are starting to react to the strong price growth we’ve experienced over the past year by listing their home for sale to take advantage of these equity gains,” said Jason Mercer, TREB’s Director of Market Analysis.
 

Brampton And Mississauga Housing Statistics 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

$902,211

$845,000

108%

8

Mississauga

$1,237,499

$1,120.900

110

9

Semi-Detached  

City

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$681,472

$672,000

109%

6

Mississauga

$781,000

$780,000

110%

8

 Freehold Townhouse 

City

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$654,000

$651,000

110%

8

Mississauga

$783,000

$775,000

111%

6

 Condo Townhouse 

City

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$509,000

$499,000

109%

8

Mississauga

$603,000

$615,000

112%

8

Condo Apartment  

City

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$363,000

$358,000

107%

8

Mississauga

$412,000

$397,000

109%

9


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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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