Once home to a mere 50 residents, Brampton has turned into a densely populated city in southern Ontario. With a population of around 600,000; Brampton is the ninth most populous municipality of Canada. And due to the rapid growth and development of the city, the population is projected to rise dramatically over the next decade or so.
If you want to buy a condo in Brampton or have started thinking about it, you’re definitely on the right path. Brampton is known for its thriving economy and quality of lifestyle – key reasons behind mass immigration in Brampton. The lifestyle Brampton offers is unparalleled in the Greater Toronto Area (GTA). In 2007, it became the first city in the GTA to be to be selected an International Safe Community by the World Health Organization. This pretty much explains why people with diverse backgrounds chose to reside in Brampton.
As far as the condos are concerned, it’s definitely a good time to buy a condo in Brampton. The average resale price of a condo gave stupendous returns to the investors. Compared to 2016, the average condo price rose by 36.76 percent. Feeling as if you missed the train? Well, the condo prices in Brampton are estimated to go much higher, making this an excellent opportunity to buy a condo in Brampton.