Brampton stats only
Number of houses sold in April 2009 = 714
Number of houses sold in April 2008 = 845
New listings in April = 1252
Total active listings = 2108
Average days on the market = 38
Breakdown:
Detacheds sold = 402
Semi detacheds = 171
Freehold townhouses = 62
Condo townhouses = 35
Condo apartments = 30
Monthly solds ??????????? ?????? ? ??????????
March 2009 = 551
March 2008 = 627
February 2009 = 401
February 2008 = 556
January 2009 = 263
January 2008 = 516
Active listings breakdown:
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Detacheds = 1291
Semi detacheds = 330
Freehold townhouses = 141
Condo townhouses = 161
Condo apartments = 122
Brampton is a city in the Greater Toronto Area of Ontario, Canada and the seat of Peel Region. As of the 2006 census, Brampton ‘s population stood at 433,806. As one of Canada’s fastest growing municipalities, the city has found it difficult to cope with such significant growth, in terms of the provision of adequate public infrastructure and services.
It celebrated its sesquicentennial anniversary in 2003, marking 150 years since its incorporation as a village in 1853, taking its name from the rural town of Brampton, England. Brampton was once known as The Flowertown of Canada, a title it earned due to the city’s large greenhouse industry, which included Dale’s Flowers, a company that won many international rose awards for nearly half a century.
The city is home to Canadian Forces Army Reserve unit The Lorne Scots (Peel, Dufferin and Halton Regiment). Brampton ‘s recent exponential growth in population is due primarily to immigration. The City of Brampton has a fast growing South Asian presence. Between 1996 and 2001, the South Asian population grew from 34,000 to 63,000, including a significant share of Punjabi Sikhs. Visible minorities comprise 40.16% of Brampton ‘s population. A lot of them have settled into two different parts of Brampton. One is close to Hwy 10 / Ray Lawson. You will find a very large Sikh population here as well as a Sikh temple. Second location where a large Sikh population can be found is in Springdale (Close to Trinity Common Mall).
Major companies in Brampton include Brafasco, Ford, Rogers Communications, Nortel, Para Paints, Coca-Cola, Nestlé, DaimlerChrysler Canada Ltd., Maple Lodge Farms, Zellers, Loblaw Companies Ltd., Frito Lay Canada, MD Robotics, Parkinson Coach Line, and Canadian Tire. The city is also investing in Recreation centres. One recently opened up by Dixie / Sandalwood. The other new one that is being enjoyed by hundreds is located by Chinguacousy / Sandalwood. Two huge Walmart stores can also be found in Brampton, one of them staying open 24 hours a day!
The prices however in Brampton are still very reasonable when compared to it’s sister city Mississauga. Condos around the Bramalea City Centre start from $125,000. A condo townhouse around Hwy 10 / Bovaird (excellent location) can be purchased for around $240,000. A similar townhouse in Mississauga would cost atleast $30,000 more!
To buy a house in Brampton click here. Have Brampton real estate to sell? Give me a call for great service and affordable commissions.
I went to check out the inventory today because I had a couple of hours to spare. Just wanted to stay up to date on the market. I was in North Brampton right by Chinguacousy and Sandalwood area. Last year I sold a 1500 square foot house for $315,000 and on the same street an exact same house is now selling for $290,000!
Looking for Eric psp
For under $325,000 you can now get a decent size house that’s less than six years old. One year ago these houses were selling for around $340,000. I noticed some owners are still listing at last year’s prices. I realize it is frustrating to see all that equity disappear but asking a high price will not make it worth that much. If they are unwilling to budge on price I suspect these houses will be on the market for a long time and usually the realtor will get blamed for the house not selling.
I was stuck in the same situation myself just recently. The owners needed to get a certain amount out for their next home purchase. I was hesitant to list it over market value and my instincts were correct; but priority one is always customer service. Despite using my all my techniques to get maximum exposure for the listing, the house sat on the market for two months. The reason being that the builder was selling the exact same house with the same closing date including upgrades for $25,000 less.
I showed the home owners all the market statistics and the builder’s price sheets but that still didn’t convince them to be flexible on the price. As a result the house did not sell and they eventually listed with another agent at the same price.
No realtor is a magician when these types of scenarios occur. If a house is worth $350,000 a buyer wont pay $30,000 to $40,000 more just because it is listed with a certain agent or company. Buyers aren’t concerned with who the listing agent is or how much the listing agent is getting paid. They are concerned with the price and market value, especially in today’s market.
If you put your Brampton home up for sale please be sure to go through all the comparable sales in your area with your Brampton Realtor and base your price on hard facts.
If you’re interested in selling your house use my complimentary Brampton home evaluation or start here if you’re ready to buy a Brampton house. Contact Brampton Real Estate Agent Vic Singh and you can expect a reply within 15 minutes.
Number of houses sold in March 2009 = 509
Number of houses sold in March 2008 = 627
Breakdown:
Detacheds = 280
Semi-detacheds = 106
Freehold townhouses = 45
Condo townhouses = 41
Condo apartments = 35
In December and January the Brampton real estate market was down about 52% but in March things seem to have picked a little bit. By no means should this be considered a full recovery but it is a sign of hope.
Consider hiring one of the hardest working Brampton realtors or view the unique process I use to sell Brampton Homes.
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I’ve noticed in the past few weeks I have started getting a lot more showings on my Brampton listings. Brampton real estate market had pretty much collapsed in November 2008. If you saw the statistics the amount of activity was down by about 50% in November, December and January (2009) when compared to 2007 numbers.
2007 WAS a recording breaking year so that should be taken into account but 50% decrease in real estate activity is huge. Generally my listings used to sell within 2 to 3 weeks but now it is taking over a month. Only good news is February 2009 was only down about 38% compared to February 2008. Hopefully that’s the start of a recovery. March statistics should be out in a couple of days and I’ll be sure to post them as many readers have already requested for them. In March I noticed a lot more showings on my listings and a lot more people making offers.
There were a few “low ball” offers because buyers now feel the sellers might be about to lose the house and will get rid of it any price. Luckily all my sellers were in good financial position which allowed them to wait out for a fair offer. Weather seems to be finally getting better so hopefully that brings out the buyers.
Smokin Aces buy
If you’re interested in selling your house use my complimentary Brampton home evaluation or start here if you’re ready to buy a Brampton house. Contact Brampton Real Estate Agent Vic Singh and you can expect a reply within 15 minutes!
Talk to you soon!
TORONTO, March 19, 2009 – Greater Toronto REALTORS® announced 2,565 transactions in the first half of March compared to 3,183 during the same period last year. The annual rate of MLS® sales decline was the smallest in five months.
Mid-month March MLS® sales increased compared to the 2,044 sales experienced in the first half of February. MLS® sales follow a recurring seasonal trend, with transactions generally increasing between January and May and then decreasing between June and December.
“As we move into the spring market, it appears that we are seeing stronger demand for ownership housing in the Greater Toronto Area,” said TREB President Maureen O’Neill. “Buyers are reacting to the market’s strong foundation of affordability.”
The average price for MLS® sales was $365,499 compared to $385,405 last year. “Affordability has improved over the past few months due to a combination of lower home prices, near record lows for mortgage rates and rising earnings,”1 according to Jason Mercer, TREB’s Senior Manager of Market Analysis.
Source: Toronto Real Estate Board
If you have Brampton real estate to sell consider using the services of Vic Singh and view the unique process I use to sell Brampton Houses.
A message from the president of the Toronto Real Estate Board.
March 6, 2009 — As we approach the spring season and see real estate activity picking up, Realtors remain optimistic about the future of the GTA resale housing market. With reports such as RBC’s Homeownership Survey highlighting that Canadians believe in the long-term value of a home, now is a great opportunity to invest in that Canadian dream.
Toronto Real Estate Board Members reported 4,120 sales in February 2009, compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month, compared to $382,048 during the same month last year. It is very important to note that a considerable number of transactions continued to take place in February 2009. Motivated buyers and sellers, who were aware that market conditions changed over the past few months, were able to negotiate transactions acceptable to both parties.
On a month-over-month basis, sales and average price were above January levels of 2,670 and $343,632, respectively. The housing market is seasonal. Traditionally, sale volumes and average price climb in the first half of the year, reaching their highest levels in late spring before trending lower from July onward.
Now, while the economic downturn has had an impact, the GTA housing market is resting on a solid foundation. Current home prices and mortgage rates suggest that GTA homes have become more affordable on average. A greater number of homebuyers could take advantage of this affordability once their positioning in the economy becomes more certain.
Beyond spring’s real estate market, which typically experiences more activity, the demand for ownership housing will remain strong in the GTA over the long term because of steady population growth driven by immigration. The Toronto area is Canada’s single greatest beneficiary of immigration. According to Statistics Canada, this country welcomed 247,202 permanent residents in 2008 — 70,000 more than in 1998, and well within the government’s planned range of 240,000 to 265,000 new permanent residents for 2009.
Source: Toronto Real Estate Board
If you have Brampton real estate to sell consider using the services of Vic Singh.
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