Summer home sales heat up as prices dip below GTA average in Brampton

The temperature hasn’t been the only thing heating up in Brampton this summer as the city’s real estate market has seen an influx of sales with prices below the Greater Toronto Area-average.

The data comes from the latest Toronto Regional Real Estate Board (TRREB) report and shows homes across all markets are taking more time to change hands, with the average listing days-on-market climbing to 29 days in June from 26 days a year earlier.

As the summer market gets underway, TRREB says Peel and York regions are helping drive much of the suburban sales outside Toronto. Mississauga saw 592 sales at an average price of $1.19 million last month, while Brampton followed with 518 sales.

But Brampton’s average price of $966,024 comes in “notably below” both Mississauga’s average of $1.19 million and the GTA‑wide average of $1.06 million, the report says.

The lower prices in Brampton show how the city’s real estate marker is “reinforcing its role as a more affordable choice for families looking to trade up without crossing the million‑dollar mark on every purchase,” according to the report.

The TRREB says Peel and York regions accounted for the bulk of suburban transactions outside Toronto in June, “showing that early summer demand is clustering in these higher‑amenity hubs even as price points diverge sharply between more affordable markets like Brampton and top‑tier destinations such as Vaughan and Markham.”

“For buyers heading into the rest of the season, this split sets up a clear choice between stretching budgets to secure a home in the priciest pockets or targeting comparatively lower‑priced cities that still offer strong connectivity and family‑friendly neighbourhoods,” the board says.

Condo apartments continued to represent a significant share of GTA market activity in June, making up roughly 25 per cent of sales and ranking just behind detached homes for the number of transactions. Across all TRREB areas, 1,714 condos sold at an average price of $630,688 and a median of $540,000, with units spending about 38 days on the market.