Brampton’s housing market hit a near five-year low in July, with prices for most dwelling types at their weakest since December 2020, according to Toronto Regional Real Estate Board (TRREB) data.
The combined average price for houses and condos in the city fell to $909,448 — a 10% drop from July 2024’s $1,010,044 and the lowest monthly figure since the $869,107 recorded during the height of the COVID-19 pandemic.
Detached homes averaged $1,072,451, down 8.1% year over year and 35% below the January 2022 peak of $1,652,088. Semi-detached units slid to $845,650, while townhouse condos averaged $630,137 and condo apartments $490,500, both showing year-over-year declines.
While prices have softened, sales volumes saw a 12.3% increase compared to July 2024, with 438 homes sold. Still, activity remains far below the pandemic-era surge, when July 2020 sales hit 1,167.
TRREB says improved affordability from lower prices and borrowing costs is encouraging more buyers, though further rate relief is needed to sustain momentum.