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The Price of Homes for Sale in Brampton is on the Rise

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Brampton, Ontario has become one of the most popular locations for homebuyers looking to invest in their first home. As the second-fastest growing city in all of Canada, Brampton’s diverse population, state-of-the-art recreational facilities, and overall connectivity make it a great place to conduct business or start a family. The real estate market in Brampton is red hot and homes for sale in Brampton don’t last on the market very long. With a newly built Peel Memorial Centre for Integrated Health and Wellness and the announcement of new University Campuses coming soon to the Brampton area, the future value of homes is expected to continue to rise through 2017 and beyond.
The city is conveniently located adjacent to Toronto Pearson International Airport, which is Canada’s largest international airport, and is also connected to the extensive 400 series highway network. Just a short commute away from Toronto and only 90 minutes from the U.S. Border, Brampton is one of the most well-connected cities in all of Canada.
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Shortage of Homes for Sale Keeping Prices on the Rise

Despite new mortgage rules and increasing mortgage insurance premiums, the price of property in cities around the GTA continues to rise. The number of homes listed on the market continues to approach record lows, but that hasn’t stopped the demand from homebuyers from rising. According to Canadian Real Estate Magazine, the median price of homes for sale in Brampton sits at about $588,900. The price of homes in Brampton has seen a steady increase since 2012, rising on average of about 6.6% per year. In comparison to a year ago, the sale price of homes in Brampton was up 22.7% as of November 2016.

The city of Brampton has a lot of features that homebuyers look for when looking to invest in residential property, including improving infrastructure, a higher than national average income, and a consistent population growth. These features help make cities around the GTA popular amongst residential home buyers