BRANTFORD HOME PRICES ARE BOOMING!

September 14, 2021

How long will it last?

House prices have surged to record levels in one of Ontario’s largest cities, resulting in home sellers making big money. 

In Brantford, a city 110 kilometres south of Toronto, the median home price has risen more than 40 per cent within the last 12 months. These homes sold for $777,026 on average in July 2021. Further, you could save one million dollars on a detached home that currently costs about $1.7 million in Toronto.

COVID-19, according to one real estate expert, is playing a bit part in this booming market. 

Although Brantford housing prices may seem like a steal to Toronto buyers, Mayor Kevin Davis warns that escalating prices have a major downside. He states that, “Young families who are trying to break into the housing market may find it difficult to buy a home in their own city, and due to that, there could be a rethink after a while for some out-of-town buyers”. This could become the issue when the restrictions currently in place come to an end.

As soon as the out-of-office lifestyle ends, and everyone is forced back into their previous working environments, living in Brantford could create a long, and tedious commute for those who work in the city.