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’m interested in registering, what do I do?
You can either contact me here or call me directly at 416-917-7770.
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.
There was a dramatic difference between January of this year compared to last year when we were emerging from our real estate downturn. The average sale price increased by 19% compared to the same month last year.
The average time it took to sell a home continues to hover around 27 – 28 days, which is great for the winter months. The Brampton real estate market has done considerably well.
In January of 2010, Brampton had only 967 active listings on the market, 917 of which were new listings. There were 499 recorded sales in this month. Here is the break down according to areas in Brampton.
Brampton Real Estate Market Report
W23 (Any area in Brampton west of Highway 410)
Overall
Average sale price: $335,417
Median sale price: $327,625
Average number of days it took to sell a property: 28 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 170
Average sale price: $379,195
Median sale price: $370,000
Average % of listing price a home sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 71
Average sale price: $294,357
Median sale price: $289,000
Average % of listing price a home sold for: 98% of asking price
Condo Apartment
Number of properties sold: 8
Average sale price: $190,244
Median sale price: $186,000
Average % of listing price a condo sold for: 96% of asking price
Condo Townhouse Number of properties sold: 14
Average sale price: $228,507
Median sale price: $239,000
Average % of listing price a home sold for: 98% of asking price
Attached/Row/Townhouse Number of properties sold: 35
Average sale price: $280,671
Median sale price: $279,900
Average % of listing price a home sold for: 98% of asking price
Brampton Real Estate Market Report
W24 (Any area in Brampton east of Highway 410)
Overall
Average sale price: $367,424
Median sale price: $349,900
Average number of days it took to sell a property: 27 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 115
Average sale price: $455,193
Median sale price: $451,000
Average % of listing price a home sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 28
Average sale price: $303,214
Median sale price: $295,250
Average % of listing price a home sold for: 98% of asking price
Condo Apartment Number of properties sold: 20
Average sale price: $167,185
Median sale price: $171,000
Average % of listing price a condo sold for: 97% of asking price
Condo Townhouse Number of properties sold: 15
Average sale price: $197,633
Median sale price: $194,000
Average % of listing price a home sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 20
Average sale price: $285,195
Median sale price: $289,000
Average % of listing price a home sold for: 98% of asking price
If you are looking for specific Brampton real estate sales numbers for your neighbourhood or street, please contact me!
If you’re thinking of buying a home in Brampton soon and are worried about coming up with a down payment, there is still a zero down mortgage program available for you to explore. Essentially, what you would be getting is a cash back from the lender that you would apply as your down payment.
This mortgage program is a lifesaver for those who want to take advantage of the low interest rates and brisk real estate market in Brampton, but don’t have enough cash in the bank as a down payment. The interest rate will not be as low as a regular mortgage with 5% down, but it does get home buyers into a position where they can own their own home at an affordable monthly mortgage payment.
Here are some quick details:
A minimum of 650 credit score is required
Maximum cash back from this program is $25,000
Amortization is 35 years
Mortgage is calculated on a 5 year at the posted rate (currently 5.39%)
If you’re currently renting and am considering owning a home, but don’t have the cash for a down payment, this program may be for you. Don’t let this strong Brampton real estate market pass you by!
For more details, visit my thread on my message board. If you would like to see if you can qualify for this mortgage program, leave me a comment here or email me!
In a previous post, I covered Park Place Condos. Here’s a quick start guide to the other big condo development that is coming up in Brampton. Blade Condos is currently under construction. Read ahead to find out more details on this condo project!
Where is it located?
The official address of this building will be 45 Railroad St., and it will be located in the heart of Brampton, directly across from the GO Station and will be occupying the former Dominion Skate Factory. Below is a picture of the site before contruction:
joe i want to know how much are the maintenance fees and what they cover and if that rate is guaranteed and for how long. also taxes, and parking is it underground is there a security gate and how many parking spots you get and if you get any extra ones and for how much. thanks for taking the time.
joe hawkins I'm interested in pricing for 1 bedrooms and/or +dens. Requesting pricing list if possible. Thanks.
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!
Here’s a quick start guide to one of the new condos that are coming up in Brampton. Park Place is currently under construction. Read ahead to find out more details on this condo project!
Where is it located?
The official address of this building will be 4 James St., and it will be located in the heart of Brampton close to City Hall and Rose Theatre.
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?
lang Hi Brent
Yes, in this case you would.
Generally, sales of new homes under written agreements of purchase and sale entered into on or before June 18, 2009 would not be subject to the provincial portion of the single sales tax, even if both ownership and possession are transferred on or after July 1, 2010. The tax would also not apply to sales of new homes under written agreements of purchase and sale entered into after June 18, 2009 where ownership or possession is transferred before July 1, 2010.
Hope that helps!
Lang
Brent If I purchase a new home before July 2010 but completion date is Summer of 2011, would I still have to pay the HST tax?
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, [...]
This is probably the most popular topic of conversation on my blog, as well as the most asked about topic in my emails. Hopefully the information I provide below will be clear, concise, and answer all your questions as thoroughly as possible. If you haven’t already done so, please read my previous article on basement [...]
Seasons greetings, everyone!
As the holiday season is now upon us, despite the fact that we’ve still yet to see snow, you might be dreading all the cash you’ll soon be dropping on gifts for your friends and family. And if you’re planning on selling your house this winter, what makes matters worse is thinking [...]
So maybe you’re thinking of selling your home soon, but your friends are telling you to wait until the spring time to take advantage of the spring market. After all, wouldn’t it be better to sell in a busy market rather than through the quieter winter months?
Not necessarily.
Here are some great reasons why you [...]
The average price for October transactions increased by 20% compared to October of last year. Houses valued over $750,000 experienced the largest jump in sales. Inventory is extremely low and demand is high.
The average time it took to sell a home also dropped substantially to an average of 27 days.
In October of 2009, Brampton [...]
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Hi everyone.
I have a very lovely and recently renovated semi-detached home on a quiet street in the Heartlake area of Brampton. It’s a 3 bedroom, 3 bathroom home in a great neighbourhood with fantastic neighbours.
The home has been freshly painted and has a myriad of recent renovations. Among them:
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.
i want to know how much are the maintenance fees and what they cover and if that rate is guaranteed and for how long. also taxes, and parking is it underground is there a security gate and how many parking spots you get and if you get any extra ones and for how much. thanks for taking the time.
I'm interested in pricing for 1 bedrooms and/or +dens. Requesting pricing list if possible. Thanks.