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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.
 

Toronto Real Estate Board Summary Of Housing Activity 

 

GTA REALTORS® Release November 2019 Housing Statistics
 

TORONTO, December 4, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018.  On a GTA-wide basis, sales were up year-over-year for all major market segments.  Annual sales growth in ground-oriented home types, including detached houses, led the way.

 New listings entered into TREB’s MLS® System in November and the active listings count at the end of the month went in the opposite direction compared to last year, with new listings down 17.9 per cent year-over-year and active listings down 27.2 per cent.

 “An increasing number of home buyers impacted by demand-side policies over the past three years, including the 2017 Ontario Fair Housing Plan and the OSFI mortgage stress test, have moved back into the market for ownership housing.  Based on affordability and stricter mortgage qualification standards, many buyers may have likely adjusted their preferences, changing the type and/or location of home they ultimately chose to purchase,” said Mr. Collins.

 “The Greater Toronto Area needs flexible housing market policies that will help sustain balanced market conditions over the long term.  All levels of government in Canada plus reputable international bodies have acknowledged that we have a housing supply problem.  In 2020, policy makers need to translate their acknowledgment of supply issues into concrete solutions to bring a greater array of ownership and rental housing online.  As always, TREB will be there to help policy makers in this regard,” said TREB CEO, John DiMichele.

As market conditions continued to tighten in November 2019, with increased sales up against an increasingly constrained supply of listings, the annual rate of price growth continued to accelerate.  The MLS® Home Price Index Composite Benchmark increased by 6.8 per cent year-over-year.  The average selling price increased by 7.1 per cent yearover-year to $843,637.  Both the MLS® HPI and the average selling price for the TREB market area as a whole experienced the strongest annual rates of price growth for the year in November.

 “Strong population growth in the GTA coupled with declining negotiated mortgage rates resulted in sales accounting for a greater share of listings in November and throughout the second half of 2019.  Increased competition between buyers has resulted in an acceleration in price growth.  Expect the rate of price growth to increase further if we see no relief on the listings supply front,” said Jason Mercer, TREB’s Chief Market Analyst.

 

Brampton And Mississauga Average and Median Housing Statistics:

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

$843,000

$800,000

98%

20

Mississauga

$1,105,000

$975,000

97%

21

Semi-Detached  

City

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$669.000

$667,000

100%

16

Mississauga

$751,000

$740,000

100%

15

 Freehold Townhouse 

City

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$631,000

$634,000

99%

19

Mississauga

$740,000

$721,000

100%

19

 Condo Townhouse 

City

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$491,000

$482,000

99%

21

Mississauga

$597,000

$590,000

99%

18

Condo Apartment  

City

Average

Price

Median

Price

Avg.

SP/LP

Avg.

DOM

Brampton

$402,000

$400,000

99%

21

Mississauga

$475,000

$455,000

99%

21


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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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