Brampton market report · October 2024
Brampton housing market: October 2024
Brampton housing market in October 2024: $1,019,645 average sale price (up 2.0% year over year), 498 homes sold, 3.2 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Brampton in October 2024
Brampton recorded 498 sales in October 2024, 47.3% more than the same month a year earlier. Sellers brought 1,196 new listings to market, leaving 1,805 properties in inventory — 25.6% more than a year ago. At the month's pace of sales that is 3.2 months of supply, which puts Brampton in a balanced market. 38% of the month's new listings sold.
The average sale price across all property types was $1,019,645, up 2.0% year over year and down 1.5% on the month. Detached homes averaged $1,183,059 against $534,175 for condo apartments — the gap that decides which side of the $1.5 million insured-financing cap a purchase here falls on.
The two years to October 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,183,059 | +3.2% | 287 | 666 | 979 |
| Semi-detached | $883,265 | -3.6% | 73 | 158 | 195 |
| Row / townhouse | $859,877 | +1.2% | 70 | 161 | 241 |
| Apartment | $534,175 | +2.9% | 28 | 105 | 206 |
| All types | $1,019,645 | +2.0% | 498 | 1,196 | 1,805 |
Source: the Toronto Regional Real Estate Board, Brampton, October 2024.
What this means if you're buying in Brampton
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. This is the area where I most often structure applications with more than two borrowers, and the details matter: everyone on title generally has to be on the mortgage, every applicant’s debts count against the total, and lenders differ on how many applicants they will accept at all. Secondary-suite income is also very common here — the same legal-versus-unregistered question applies as in Scarborough, and it is worth confirming the suite’s status with the city before you count on the rent.
Read the full Brampton area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Brampton?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.