Detached 76 Torrance Wood, Brampton, ON, List $1,599,955, Sold $1,565,000, Sold 18 days from the date inclusion on Homes.pk on Homes.pk, 4 Bed,5 Bath, 3000–3501 sqft, W8040364 • RE/MAX REAL ESTATE CENTRE INC. Zacoosa
Brampton Stats for Feb/Mar 2024

In Brampton, the average home sold price has dipped to $982,514, marking a 1.9% decrease from the previous year. Although Brampton’s benchmark home price as of January 2024 stood at $999,200, reflecting a modest 0.4% increase year-over-year, the average home prices still show a lag.

Here’s a breakdown of the average prices for different types of homes:

Detached homes have experienced a 2.9% decrease year-over-year, now averaging $1.16 million.
Semi-detached homes have seen a 1.2% decline year-over-year, settling at an average price of $905,000.
Freehold townhouses, on the other hand, have seen a slight uptick of 0.7% year-over-year, with an average price of $871,000.
Condo townhouses have dipped by 1.2% year-over-year to an average price of $662,000.
Condo apartments have witnessed the most significant decrease, dropping by 6.7% year-over-year to an average of $536,000.
Despite the rebound in home sales compared to last January, the average home prices in Brampton continue to show a downward trend.

As of today, the lowest mortgage rate available in Brampton is 4.54% for a 5-Year Fixed term.