Brampton’s real estate market hit a record last month. According to monthly tracking data from the Toronto Real Estate Board (TREB), the average price for a Condo in the city hit $401,776. This is the first time that it’s ever crossed past $400,000.
Real Estate in Brampton proved to be impressive in May as the total sales for all homes surpassed 1,000 for the first time since April 2017 with 1,014 units. Compared to May of 2018 which only saw 684 units sold, last month’s sale total was a huge increase by 42.2%.
Townhouse-style condos reached an average price high last month at $498,535 while the average sale price was $723,421 for all types of houses which was the highest average since May 2017.
Detached homes sold a lot more from 372 units in May 2018 to 523 units this year. The average price for a detached unit was $845,085 last month.
“After a sluggish start to 2019, the second quarter appears to be reflecting a positive shift in consumer sentiment toward ownership housing,” says TREB president Garry Bhaura. “However, sales activity continues to be below the longer-term norm, as potential home buyers come to terms with the OSFI mortgage stress test and the fact that listings continue to be constrained relative to sales.”
I would've given six stars if I could but this thing only let's me give 5 stars. Excellent brokerage in town Harry gives you the right advice, you can count on him for all your financing needs.
Exceptional customer service. Very friendly and caring people to work with. They reaiect your time and your hard earned money so you will be getting honest advise that protects you and your wealth.
Working with Harry was an absolute pleasure. Our mortgage approval was a bit of a process, as we were selling our present home and then using it as our down payment. But unfortunately, the market didn’t allow us to do so and Harry helped us through all of it. He went above and beyond to answer any questions we might have. What we appreciated the most was how hard he worked for us and made our purchase happen.
In today’s market not a lot of brokers can work on a deal like ours. We did our homework to find originators of our debts, but it was a daunting task and we were just going in circles until we called Harry at Majestic Mortgage. Harry answered all our questions in a professional and prompt manner and worked on our debts, he was focused 100% on providing us the best solution. Thanks Harry for all the effort and making the process quick and painless. We couldn't be happier with the service we received, and will definitely be returning to Harry.
-A. Baliswadi & K. Mahabir
It was great to have Harry Saund as our mortgage broker as first time buyers. He was very professional and everything went very smoothly with him. I would definitely recommend him to people looking to get a mortgage.