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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 October 2019 Stats  For Homes

November 5, 2019 -- Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB's MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types.

The trend of annual growth in sales versus annual decline in new listings continued in October 2019, with new listings down by 9.6 per cent compared to October 2018. The resulting tighter market conditions compared to a year ago resulted in positive annual rates of price growth across all major market segments, from a GTA-wide perspective.

The MLS® Home Price Index Composite Benchmark was up by 5.8 per cent on a year-over-year basis in October 2019 – the strongest annual rate of growth since December 2017. The average selling price for all home types combined was up by 5.5 per cent to $852,142, compared to $807,538 in October 2018.

"As market conditions in the GTA have steadily tightened throughout 2019, we have seen an acceleration in the annual rate of price growth. While the current pace of price growth remains moderate, we will likely see stronger price growth moving forward if sales growth continues to outpace listings growth, leading to more competition between home buyers," said Jason Mercer, TREB's Chief Market Analyst.

 

TREB Releases Q3 2019 Condo Market Statistics:

October 16, 2019 -- Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 6,407 condominium apartment sales through TREB's MLS® System in the third quarter of 2019. This result was up by 11.1 per cent compared to Q3 2018.

New condominium apartment listings entered into TREB's MLS® System were down by one per cent compared to Q3 2018, with 9,538 listings added in 2019 compared to 9,636 listings added in 2018.

"As economic conditions continue to be favourable for job growth in the Greater Toronto Area, people have continued to come to the city for work. Home ownership is important to many Canadians, and, as a relatively affordable housing option, condos in the GTA offer prospective buyers the chance to achieve their dreams of owning property," said Mr. Collins.

The average price of a condominium apartment increased by 5.8 per cent from $552,766 in Q3 2018 to $584,564 in Q3 2019. Year-over-year price growth in the City of Toronto, which accounted for nearly 70 per cent of transactions, was slightly lower at 5.6 per cent, resulting in an average price of $628,074.

Strong price growth above the rate of inflation was driven by tightening market conditions, with sales up and listings down relative to last year. One factor underpinning the dip in listings may be the fact that, according to CMHC data, new condominium apartment completions were down year-to-date through August relative to the same time frame in 2018. This may have translated into fewer investor-owned units being listed for sale in Q3 2019 compared to Q3 2018.

"Condominium apartments are obviously a popular choice amongst first-time home-buyers. Moreover, it is also important to remember that condominium apartments owned by investors represent a huge component of the GTA rental stock and certainly account for most additions to the rental stock, on net, over the past decade. With this in mind, a well-supplied condo segment will be important moving forward to ensure that we can keep up with population growth driven by a strong and diverse regional economy," 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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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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