** July 18, 2010 – UPDATE: This community has now been SOLD OUT**
Brampton Real Estate Update
As the Brampton real estate market grows, new subdivisions continue to pop up around the city. By now, you’ve probably heard that Daniels is set to introduce a new townhouse community in Brampton. Here is a brief overview of what to expect for this new corner of Brampton and how you can register for the preview.
Where will it be located?
You’ll find this new neighbourhood on Bramalea Rd., just north of Sandalwood Parkway.
What kind of homes will be available for purchase?
150 townhouses will be available in 1 bedroom, 2 bedroom, and 3 bedroom layouts. The square footage will range from 529 – 1305 square feet.
How much will these homes cost?
Pricing will start at $159,900. More pricing will be determined soon. If you would like to be updated on pricing, please leave me a comment at the end of this article.
How much deposit will be required?
$2,500 upon signing the Agreement of Purchase and Sale
An additional $2,500 10 days after purchasing the home
$1,000 each month until you reach 5% of the purchase price
What about HST?
The HST will be included in the price already.
How soon can you move into your home?
Anywhere between 30-90 days of the purchase.
I’ve heard that lining up for registration is insane! What’s it like?
If you’re interested in purchasing one of these homes, contact me first to find out more about the process and what it entails! Always be informed and have sound real estate advice. In the meantime, check out this video from the recent registrations for Daniel’s FirstHome in Mississauga.
Shubhpreet Hi Lang,
I'm looking for a home in GTA area, I'm looking for a small habitat in under my budget just over 200k.
Daniels looking good opportunity.
What will be the benefit if i go through you rather I go directly to Daniels.
Freddy Vas Rodrigues Pl. let me know the cost of two bedroms end condo unit as ent replyrgwell as three bedrom condo unit at the earliest & sent an invitation what is availble with a complete layout to our puchase as comfortable & easy as possible awaiting.Awaiting for your reply.Freddy & Amber.
I just wanted to update everyone on another house I have available in Brampton for sale. This beautiful semi-detached home is only 1.5 years old and is located in the northwest corner of Brampton, in a very popular neighbourhood. The house is sunny and inviting, and is in move-in condition. The great room is spacious and perfect for entertaining the family, while the kitchen features gleaming ceramic tiles and new appliances. The breakfast area is very sunny and walks out onto the patio in the backyard. The entire house has brand new carpeting.
The master bedroom features an ensuite bathroom with a glass shower door and a walk-in closet.
If you’d like more information about this property or would like to see it, please leave a comment after this post.
Rhonda Hi Lang,
I just read your home prices for 2009, very interesting. I will be on the hunt for a detached 4 bedroom approx. 2400 sq ft home in the Springdale area in another year or so, what are the current market value for these homes, possibly with a finished basement, do you think the prices will go up within the next year, is this a good area to invest in the future ?.
I’ve just finished compiling the final selling prices for all homes in the W23 district of Brampton (that’s anywhere West of Highway 410) for 2009. I’ll be working on the numbers for W24 and have them posted shortly.
Hope this chart will provide useful for some of you!
One of the most frequent questions I get from clients is about the upcoming Harmonized Sales Tax (HST) and how it will affect the purchase of a home. Here is the breakdown of the rules:
When does the HST take effect?
July 1, 2010.
How much tax will I be paying in total?
13% (That’s 5% GST + 8% PST).
I’m buying a resale home, so will I have to pay this HST?
Good news! The answer is NO! If you’re buying a resale home, you simply pay the purchase price as usual.
I’m thinking of buying a new home from the builder, so will I have to pay this HST?
Ouch, yes you do!
But wait, I heard there is some sort of rebate program in place if I bought a brand new home?
The Province is proposing a rebate so that new homes across all price ranges would receive a 75 per cent rebate of the provincial portion of the single sales tax on the first $400,000. For new homes under $400,000, this would mean, on average, no additional tax amount compared to the current system.
Is there anything else that I would have to pay HST on?
Unfortunately, they’re hitting you everywhere. You’ll be paying HST on legal fees, moving costs, home inspection fees, and real estate commissions.
Where can I find out the full details of this tax and how it works?
Adam Hello
My closing date is on July 24, 2010. However, house agreements of purchase and sale were done back on Aug. 2009. The sale price of the new home is $330,000. Do I have to pay HST?
nanette ouimette Hi I am very concerned about the hst and now wondering if I have been had I purchsed a home for a price of 450,000 closing date is july 5 2010 the home is 30 yrs old please reply very nervous ....thank you 9 i have already paid in full )
December sales across the GTA showed a 17% increase over the same month of 2008. Overall in 2009, home prices increased by 4%.
The average time it took to sell a home continued to stay brisk at an average of 27 days, contributing the trend of low inventory of homes in Brampton.
In December of 2009, Brampton had only 849 active listings on the market, 517 of which were new listings. There were 502 recorded sales in this month. Here is the break down according to areas in Brampton.
W23 (Any area in Brampton west of Highway 410)
Overall
Average sale price: $330,180
Median sale price: $315,250
Average number of days it took to sell a property: 26 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 180
Average sale price: $374,110
Median sale price: $359,500
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 60
Average sale price: $283,292
Median sale price: $285,450
Average % of listing price a property sold for: 99% of asking price
Condo Apartment
Number of properties sold: 5
Average sale price: $200,300
Median sale price: $205,000
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse Number of properties sold: 22
Average sale price: $209,345
Median sale price: $203,500
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse Number of properties sold: 32
Average sale price: $275,361
Median sale price: $266,000
Average % of listing price a property sold for: 98% of asking price
W24 (Any area in Brampton east of Highway 410)
Overall
Average sale price: $341,958
Median sale price: $333,000
Average number of days it took to sell a property: 27 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 103
Average sale price: $434,451
Median sale price: $428,000
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 32
Average sale price: $306,153
Median sale price: $301,750
Average % of listing price a property sold for: 98% of asking price
Condo Apartment Number of properties sold: 27
Average sale price: $165,541
Median sale price: $156,600
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse Number of properties sold: 18
Average sale price: $187,3725
Median sale price: $182,500
Average % of listing price a property sold for: 96% of asking price
Attached/Row/Townhouse
Number of properties sold: 18
Average sale price: $294,967
Median sale price: $293,250
Average % of listing price a property sold for: 98% of asking price
If you've found me through Google, you most likely used keywords such as brampton real estate, new homes in brampton, homes for sale in brampton, houses for sale in brampton, brampton homes, brampton condos, brampton real estate agent, and possibly one of many others.
My goal is to rank high on the #1 page of search results for these keywords so that I can get more exposure for your homes that are listed with me.
I believe the internet is unequivocally the best way to attract buyers to your home, as more and more home buyers are using MLS.ca (Realtor.ca) to search from the comfort of their own home, without the pressure of a real estate agent.
The purpose of this blog is to reach those internet savvy buyers and sellers and connect them here on my site.
Thanks for reading!
What Clients Say About Me
"Dear Lang, We just wanted to send our gratitude and extended thanks once again for your professionalism, on selling our home. We have dealt with many agents in the past and nobody comes close to the way you handled the complete transaction of selling our home.
You are one of the rarest real estate agents out there!!! One thing we hate are pushy sales people, that don't care about their clients and simply want to sell your house at the lowest possible price to sell fast and make their commission and leave.
You on the other hand were there anytime we needed you, and listened to exactly what we wanted and needed. You are very thoughtful, considerate and understanding, and on the ball at any time of the day we contacted you. And best of all you got us the price we wanted and deserved for our home.
We respect and appreciate all that you have done for our family, and we will definitely be contacting you for any real estate transactions we may make in the future." - Angela & Joe Clarke
"Congrats, Lang I wish you the best of luck! I like to thank you for what a great job you have done to help me and Tina sell and buy our home. You have gone way above and beyond your job functions. Not only are you honest and true, but you keep it real! You are down to earth and straight to the point kind of guy. Once again thank you for what you have done for us." - Daniel & Tina C.
"Lang, you did an awesome job selling our home and we're glad we called you back. Thanks for helping us out when we needed it the most. We recommend you anytime someone mentions real estate in Brampton." - Carrie L.
"We bought our first house with Lang and he actually helped us make informed decisions unlike other agents we talked to who were total jerks. If you're a first-time homebuyer, Lang does a really great job. And he's very honest!" - Kuljeet S.
Hi Lang, I'm looking for a home in GTA area, I'm looking for a small habitat in under my budget just over 200k. Daniels looking good opportunity. What will be the benefit if i go through you rather I go directly to Daniels.
Pl. let me know the cost of two bedroms end condo unit as ent replyrgwell as three bedrom condo unit at the earliest & sent an invitation what is availble with a complete layout to our puchase as comfortable & easy as possible awaiting.Awaiting for your reply.Freddy & Amber.