2021 Brampton Housing Market Outlook

Brampton housing market to favour sellers in 2021, prices expected to rise 5%

The Brampton housing market is expected to see continued seller’s market conditions in 2021, impacted by lack of housing supply that’s prompting rising average prices. Low inventory has been a common trend across many Ontario housing markets, with price growth reported in most markets. Indeed, Brampton real estate saw average prices rise to $835,088 in 2020 (Jan. 1-Oct. 31) compared to $727,035 in 2019 (Jan. 1-Dec. 31). It is anticipated that the market will see further growth during the first few months of the year. Thus, the RE/MAX outlook for Brampton real estate is an increase of 5% in average price to $876,830 across all property types.