The Brampton real estate market saw renewed activity last month, with semi-detached home prices dipping significantly even as overall sales spiked, signaling a shift in buyer behaviour heading into the fall.
According to real estate platform Zoocasa, overall home sales in Brampton rose by more than 4 per cent in September compared to August, while the average asking price across all property types remained stable, inching up by just 0.4 per cent to $928,542.
The most notable movement came in the semi-detached housing segment, where sales jumped by over 12 per cent, but average prices dropped sharply by 7.2 per cent, landing at $806,081. New listings for semi-detached homes increased by 11 per cent, with properties spending an average of 25 days on the market.
Detached properties also saw a rise in activity, with sales up 11.7 per cent. Prices in this segment edged down by 1 per cent to $1,067,688.
Meanwhile, townhouse and condo sales declined, suggesting buyers may be shifting their focus toward larger properties as affordability conditions improve. Townhouse sales dropped by 17.1 per cent, though prices ticked up slightly by just over 1 per cent to $789,146. Condo townhouses saw sales fall by 6.3 per cent and prices dip by 1.7 per cent, while apartment condos remained the smallest segment of the market, with fewer than 20 transactions recorded. Average apartment condo prices rose marginally by 0.5 per cent to $471,547.
Across Peel Region, overall real estate activity strengthened in September. Region-wide sales climbed nearly 9 per cent month-over-month, while the average selling price held steady, slipping just 0.1 per cent to $959,313. Homes also sold slightly faster, with average days on market falling from 54 in August to 53 in September.
These trends point to a more active fall market, with buyers capitalizing on price drops in semi-detached and detached homes, and a gradual shift toward larger, more spacious properties as affordability shows signs of improvement.