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?
The whole ugly mess is threadrolled here.
Seems the bigger Canadian banks won’t touch the mortgages there! Wonder why?
Crime doesn’t pay? Ah, but in our country it does.
A lot of Doctors and Engineers are going to be financially wiped out.
And truck drivers, and car stealers and drug dealers. Diversity is a strength!
I’m sure the Liberal government is working on a way to quietly bring in another million people from Pakistan, India and Bangladesh to help the party’s property development donors.
I didn’t read the whole thing but did the word “sh*thole” ever get mentioned?
The word Brampton did come up…
Good one!
B-Dot, Brown Town, Bramptonistan, etc..
And the notable sociological characteristic of Brampton? People don’t want to buy into the city of Punjabi?
They should be so lucky to come from the Punjab. It’s not called Bramladesh for nothing.
There’re so many people …
https://youtu.be/Tby39qh9Lts?si=H1vcMs1tsheU69gC
Bangladesh, Bangladesh
Where so many people are dying fast
And it sure looks like a mess
I’ve never seen such distress
When the color of money is brown, you know things are shitty.
But the money still has to be laundered.
That curry smell hangs around quite a lot and devalues the house?
Can’t ever get that smell out of the carpets
There are not one but two unmentioned elephants in this article.
First, proper, legal landlords CAN’T COLLECT RENT from deadbeats, and they can’t kick the deadbeats out. So they can’t pay the mortgage, so the bank forecloses, and then has to sell. And nobody wants to buy a bank-owned property that still has DEADBEATS living in it. Because the bank can’t kick them out either. 100% government created and maintained problem.
Second, the government jacked the interest rates to the stars, and a lot of guys couldn’t cover the difference, so they bank foreclosed and now has to sell fast.
There is a third elephant of course, which is “who wants to live in Bramladesh?” but other people are covering that nicely.
His podcast “Angry Mortgage” is a solid follow.
Probably another 30 or 40% to go…
Calgary is overbuilding….we saw the same thing in the mid 1970’s which resulted in a horrible crash. We don’t need the garbage they are building due to city wide rezoning…..we need skilled people and not people to live in hovels.
Not quite the same thing Joey. Interest rates peaked at around 22 % in the early 80’s … I know I had a nice 18.5 % one year mortgage on a Calgary house in 1982. I gave the house back to the TD bank in 1985!
What is amazing me is all the 3 to 8 million dollar houses … many full gut job renos on the market. The high end is already showing signs of falling, except for the best locations.
It will get interesting IMO!
I have friends in the building trades, they do those large houses all the time and say the interior layouts are for density, the maximum amount of bathrooms and bedrooms, they are inter-generational, full family homes, or slum landlords packing them in! They say its almost always “South Asian” owners..