Brampton’s housing market cooled noticeably in November, with both sales and prices declining as buyers showed greater caution. New data from real estate website Zoocasa shows home sales fell 18.9 per cent from October, marking a “clear pullback in activity” across the city.
A total of 381 properties changed hands last month, and the slowdown was accompanied by a drop in pricing. The average sale price across all home types fell to $914,161 — down $20,084 from October’s average of $934,245, a decline of just over two per cent.
Supply also tightened, with new listings falling nearly 20 per cent and active listings down 10.4 per cent. One modest improvement came in the average time homes spent on the market, which decreased slightly from 55 days to 54.
The condo townhouse sector saw the steepest decline in sales, tumbling 35.7 per cent to just 18 transactions compared with 28 in October. Prices in the category also slipped, dropping to an average of $590,053 from $605,607. Detached homes recorded the second-largest downturn, with sales falling 22.3 per cent to 216 units and prices edging down 1.6 per cent to $1,047,585.
Condo apartments were the most resilient segment in terms of pricing. While sales dipped 7.1 per cent, the average price rose slightly by 0.4 per cent to $433,346. Semi-detached homes remained relatively steady, seeing a 1.3 per cent drop in sales and a 2.1 per cent decline in average price to $799,660. They were also the fastest-selling property type, spending just 24 days on the market.
Across Peel Region, the cooling trend was even more pronounced. Sales fell more than 23 per cent from October, marking the region’s slowest month since March. The average regional sale price also slipped, decreasing 0.32 per cent to $962,247. Despite the slowdown, supply remains strong, with 5.3 months of inventory available — slightly higher than the 5.2 months recorded in October.
Zoocasa says the latest figures indicate a slower and more balanced real estate environment in Brampton, reflecting increased prudence among buyers as the year draws to a close.