Brampton, the Flower City and dubbed one of the fastest-growing cities in Canada. The strategically located town is home to one of the largest transportation ports in Canada, connecting Brampton to all the major cities in the surrounding areas. The city is also rich in culture and history. Brampton is undoubtedly considered an excellent real estate market to invest in condos. The booming population has made it the location of choice for individuals looking for a fresh start and good opportunities, as well as people looking for a serene place to start a family.
The real estate market has witnessed a hike in construction and prices of condos. There are about 40 new development condominiums in Brampton in new construction neighbourhoods like Downtown Brampton, Madoc and Sandringham-wellington North. Since the city’s population seems to be growing at lightning speed, with an average growth rate of 4.2%, the real estate market is growing to match the population expansion. In addition, the city has several condominium buildings that are either planned, pre-construction, or completed.
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According to the proposal put forward by RioCan REIT, the mall will be replaced by an entire neighbourhood brimming with new mid-rise, high-rise and townhome buildings. These buildings will offer residents superior life quality supported by a wide range of modern amenities and luxuries. The entire neighbourhood will enjoy transit and commuting advantages. It will be connected by a new network of roads and a wide range of public spaces.
The entire site is expected to host around 5000 units, comprising both residential and non-residential spaces. The 5000 units will be spread across several buildings erected across the property, ranging between three to twenty-eight stories in height. Shoppers World is a truly one of its kind project, and it puts forward an impressive model that allows sustainable urbanization with attention towards preserving natural and cultural heritage.
Reports reveal that a large portion of the residential projects will be constructed as rental housing. This will allow tenants in the area greater flexibility and convenience of finding premium quality rentals that support modern-day luxuries. The exact breakdown between ownership and rentals will be subjected to change throughout the development and planning processes.
Shoppers World Brampton offers its residents superior quality living with a wide variety of one, two and three bedroom apartments and townhouses. The proposed neighbourhood envisions an ideal community that will attract a wide range of investors from all walks of life. The neighbourhood is ideal to support the lifestyles and housing requirements of singles, young professionals, families, retirees and more.
Sprawling over 21 ha/58 acres, the site is expected to alter the architectural landscape of the area and transform it into a strikingly fast-paced neighbourhood. The community will undoubtedly be self-sufficient as residents will enjoy easy access to retail, entertainment, leisure and food outlets, amongst much more.
The design reveals that the project will also include the construction of four new public streets, surrounded by the high-rise and mid-rise urban developments. The streets will create a grid that frames eight development blocks consisting of residential and mixed-use projects. The project also includes one public park block.
Shoppers World Brampton is envisioned to be a remarkable neighbourhood that will allow urbanization without cutting ties with the bounties of nature. The proposed plan offers an impressive strategy for incorporating the natural landscape and adding beauty to the nearby sites.
The neighbourhood is located along the western banks of Etobicoke Creek, and the community will also be tied with a delightful expansion of the Kaneff Park. Residents will also enjoy a central square, multiple green courtyards, pocket parks and aesthetically pleasing landscaping along the newly constructed streets. The project includes a wide range of green spaces and parks that will allow residents to recuperate in nature.
Looking for the ultimate suburb? Growing Community? Access To Highways, Education, Transit and Airports? Brampton has the best places to live.
Brampton’s undisputed Luxury epicentre, plenty of space to grow with vast retail and employment emerging in every corner.
With so many different condo developments and neighbourhoods to choose from, you’ll have plenty of options when it’s time to narrow down your selection for new Brampton condos
In 2024, a new condo in Brampton would start in the $500,000 range. Newer developments and listings now maintain a price of $900-$1,000 per square foot. Primarily thanks to economic growth and increased demand, the average price of condos in Brampton has doubled within the past 5 years.
The vacancy rate in Brampton still stands very low, indicating that there is still a strong need for new condo developments in the Brampton area.
Brampton was viewed primarily as a suburban community for families to prosper, large single family homes soon became opportunities for basement apartment rentals since condominiums were released very rarely. With the sell out of high rises between 2020 and 2022 there is a strong indication that more affordable condominiums are needed in the area.
There is a lot to enjoy in Brampton. People taking advantage of the new development in the city can enjoy its small-town charm, new schools, and varied entertainment options. Art lovers can explore the city’s 25+ art installations throughout Brampton. Participate in annual festivals such as the National Indigenous People Day, Winter Lights Festival, and Doors Open Brampton, which are massive celebrations that make the city feel like one big family.
The city is very accessible, with an intricate and extensive transit system, a ZUM transit service, and Go Station that have over 74 routes and 2,680 bus stops that help residents get around quickly. The city also has about 3 major Malls (Shoppers World Brampton, Bramalea City Centre and Centennial Mall)
If you invest in a new development condo in Brampton, consider its significant population growth, prime location, local amenities, and rich culture. The city is wealthy and culturally diverse, with over 110 ethnicities and spoken languages, making it an all-inclusive place to invest. You will begin to appreciate the value of your investments and enjoy returns in the coming years.
The city is well on its way to becoming one of the country’s economic centres alongside significant cities such as Mississauga and Toronto. With many affordable investment options in every corner, there’s yet to be a better time to invest in Brampton.
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