Brampton Housing Market
Sharing a border with Toronto means Brampton’s housing market rises and falls with Toronto’s. After the record highs of 2017, the Brampton housing market has seen a pullback from the March, 2017 highs, when the average home price was $765,165. Now, home prices are up 0.02 per cent from January 2017, so it’s accurate to say that house prices have remained steady. By remaining steady, Brampton is outperforming other GTA cities who have seen declines since January of 2017. This places Brampton is a slightly more advantageous position when it comes to selling real estate for the rest of 2018.
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Brampton is a city in the Greater Toronto Area just west of Toronto and north of Mississauga. The city has a population of 593,638 as of the Canada 2016 Census. Brampton is Canada's ninth-most populous municipality and the third most populous city in the Greater Golden Horseshoe Region, behind Toronto and Mississauga.Mass immigration has greatly increased Brampton's population from 10,000 in the 1950s to 50,000 in the 1970s, when it was incorporated as a city, to 250,000 in the early 1990s to over 600,000 today. Today "visible minorities" make up the vast majority (73.3%) of Brampton's population, which is 45% South Asian and 20% Sikh.
The city was once known as "The Flower Town of Canada", a title based on its large greenhouse industry. Today, Brampton's major economic sectors include advanced manufacturing, retail administration and logistics, information and communication technologies, food and beverage, life sciences and business services.