Condo prices dropped 26% in this Brampton riding since last federal election: report

Condo prices have come down some 26 per cent in one Brampton riding since the last federal election, according to a new report.

The numbers come from real estate website Wahi’s analysis of home prices in different election ridings across the GTA compared to the third quarter of 2021, when the last federal election took place.

And while some ridings in Mississauga saw condo prices spike some 14 per cent, condo prices in one Brampton riding dropped some 26 per cent since 2021.

Brampton South saw condo prices take a steep drop with a median price of $551,250 for a condo making for the largest drop in the GTA, the report reads.

In Toronto, prices for condos declined in 16 ridings, stayed flat in four, and went up in three ridings since the 2021 election.

Etobicoke Centre, Etobicoke North, and Humber River—Black Creek all saw condo prices increase, while the median price of a Toronto condo as of the first quarter has fallen 4 per cent to $630,000 since the last election.

But there were also some price surges in the 905,with Oakville West seeing single-family home prices spike 10 per cent to a median price of $1,595,000.

The most expensive ridings for single-family homes in Toronto were concentrated in and around Midtown Toronto, and Don Valley West had the highest median single-family home price at $2,303,607.

To see homes and condos for sale in Brampton you can visit www.wahi.com.