Yes, unfortunately (or fortunately – depending on which side you are on) average price for a detached home is up approximately $201,000 in just 1 year. This is comparing February 2016 to February 2017.
Don’t shoot the messenger. I’m just posting the stats provided by The Toronto Real Estate Board.
If this keeps up a lot of first time home buyers are going to get squeezed out of the market and only wealthy industrialists, philanthropists and bicyclists will be able to afford homes in Brampton.
See the statistics below comparing 2015, 2016 and 2017 average prices. You can hover over the bars to get the exact prices.
If you would like more specifics statistics (for example: your street or neighbourhood) send me a quick message.
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