Brampton House Prices Down 31% From Peak: Will It Go Lower? Why Did It Happen?
The TRREB system says Brampton house prices have fallen 31% from Feb 2022 to October 2025
$1.346M to $934K
That's a shit ton of losses, likely another 10% to 15% more to go
WTF Happened?
2/
The TRREB system says Brampton house prices have fallen 31% from Feb 2022 to October 2025
$1.346M to $934K
That's a shit ton of losses, likely another 10% to 15% more to go
WTF Happened?
2/
Power Of Sales Happened
Lenders are taking alot of homes from Borrowers who cannot make mortgage payments & those homes need to be sold FAST
Why so fast?
Because lenders, half of them Private or Alternative Lenders (not banks) need the money back
And don't have a choice
3/
Lenders are taking alot of homes from Borrowers who cannot make mortgage payments & those homes need to be sold FAST
Why so fast?
Because lenders, half of them Private or Alternative Lenders (not banks) need the money back
And don't have a choice
3/
Once you are in the process of Court Ordered Power of Sale proceedings, the rule is you sell it, no changing your mind & rent for a year: the lender must sell
And most Lenders also realize the prices will NOT recover in 2026: so just SELL
Brampton = Lots of Power of Sales
4/
And most Lenders also realize the prices will NOT recover in 2026: so just SELL
Brampton = Lots of Power of Sales
4/
And that means a death spiral for prices
Every lower sale creates a Comparable that drops the whole region down & down
Why is it happening?
- Student Rentals / Rooming Houses Gone Wrong
- Fake Income documents for mortgages
Which creates an over leveraged disaster
5/
Every lower sale creates a Comparable that drops the whole region down & down
Why is it happening?
- Student Rentals / Rooming Houses Gone Wrong
- Fake Income documents for mortgages
Which creates an over leveraged disaster
5/
As 400K Foreign Students & 250K Temporary Foreign Workers poured into Ontario in 2022 - 2023 the need for accommodation exploded & because many of the newcomers were from India, Community ties brought them to Brampton
Massive Gowth of illegal Rooming Houses & Student Housing
6/
Massive Gowth of illegal Rooming Houses & Student Housing
6/
Ultra profitable: 3200 sqft Single Family with 15 people X $800 = $12K a month
And Fake Income Documents help get the mortgage
Students down 90% = Total Bust
More Power of Sales to come in 2026 means another 10% to 15% of price reductions
Yeah, some 50% loss disasters
And Fake Income Documents help get the mortgage
Students down 90% = Total Bust
More Power of Sales to come in 2026 means another 10% to 15% of price reductions
Yeah, some 50% loss disasters
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