Brampton Townhouses

The Brampton real estate offers very affordable housing when compared to it’s sister city Mississauga. For example, the townhouses in Brampton have sold as low as $135,000! That’s for a 3 bedroom townhouse with 2 washrooms. You can’t even find a 1 bedroom condo in Mississauga for that price.

In 2007 a total of 653 condo townhouses were sold in Brampton. The prices ranged from $135,000 to $350,000. The most affordable townhouses in Brampton were located around the Bramalea City Centre and close to Kennedy and Steeles. The most expensive townhouses were located in various neighbourhoods including Hwy 10 / County court, Hwy 410 / Sandalwood, and some areas of Castlemore.To get a decent condo townhouse in Brampton where you don’t have to pay too much maintenance fees you can expect to pay around $240,000. This will get you a 3-4 bedroom place in a family oriented neighbourhood and the maintenance fees will usually be around $70-$90 per month.

This year the Brampton townhouse market is even busier then last year. So far (up to April 20/2008) over 170 townhouses have already sold. At any time of the year there are around 130 townhouses for sale in Brampton. For those who are not yet able to afford a Semi detached or a Detached house and don’t want to live in a highrise condo a townhouse is the perfect choice. This allows you to buy land in Brampton.

Condo Townhouse Ownership
Townhouse owners hold title to their units and the land beneath them, so townhouse units cannot be stacked on top of each other. As with condos, common areas are owned jointly by all townhouse owners. A property owners’ association usually manages the townhouse complex and collects fees from all owners in order to maintain common areas.The biggest difference between townhouses and condos is ownership of ground space. Condo owners do not own the ground underneath their living area. In Brampton the townhouses are generally adjoin to each other but in general they can also be freestanding. It is important to find out what the maintenance fees will cover and what repairs you will be responsible for.

Why buy a townhouse in Brampton?
1. Low maintenance: Life is busy for everyone. Some people do not mind yard work while other people loathe it. How about snow shovelling? No one likes that! Paying a maintenance fee allows you to leave all this work to someone else. This is especially helpful is you are too busy at work.2. Affordability: It is impossible to buy a house for the same price as a condo townhouse, atleast in Brampton. Even if buying a townhouse in Brampton might not be your first choice atleast it allows you to enter the real estate market rather then renting somewhere

Affordable housing

The Government of Canada, the Government of Ontario and the Region of Peel today celebrated the announcement of more than $17 million in funding for affordable housing in Peel Region. The funding will help create 269 new affordable rental units in two Brampton projects.

“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said Minister Solberg. “Here in Brampton, these new apartments will help low-income families and individuals, including seniors and people with special needs, access safe, affordable and quality housing, helping them to build a stronger future.”

Today’s announcement was made at the Canadian Legion in Brampton, a future affordable rental project sponsored by Peel Housing Corporation. The $35.7 million project, which includes $11.3 million from the Canada – Ontario Affordable Housing Program, will result in 175 apartment units for low-income families and individuals, including seniors and people with special needs.