Brampton is home to over 600,000 people, and the population growth rate shows no signs of slowing down. The city ranks as the 9th highest population in Canada, with a population growth rate of 4.2%. That means about 14,000 choose to move to Brampton each year. As a result, Brampton’s real estate market is continually expanding, with townhomes in the pre-construction and completion stage to accommodate the people who choose to call the city home every year.
Population in Brampton is steadily increasing, and the real estate market is also expanding to accommodate the new additions to the city. In recent years, there have been about more new townhome developments in Brampton, with some having a condominium element to them. If you are considering investing in the Brampton real estate market, know that the city ranks 7th fastest-selling townhouse and 9th highest turnover in Canada.