It is quite natural for investors of real estate to invest in flashy big cities like Toronto but it is much more logical to explore the smaller cities which are well-connected to the big ones as let’s face it we need to commute there for work & recreation.
Brampton is one such city, it is the 4th largest in Canada. Since its incorporation, the city has grown continuously and established itself as a preferred location in the Canadian real estate market. It is home to the greenhouse industry giving birth to its name – “The Flower Town of Canada” So, if you’re looking to invest in real estate you may want to consider having a look at New Houses for Sale in Brampton but before you do that we have created a list of why should you invest here:
- Steady real estate growth: The area is a bit expensive but the rentals are study and the market has been growing exponentially. For example, a Townhouse for Sale in Brampton would cost you around $850 k for a two-bedroom similarly if you go for bigger houses the cost would go up. A steady rental income is what attracts investors to invest here. Your realtor may use Home Value Estimator to come up with the exact price of the unit of your choice.
- Cultural Diversity: The city has been evolving constantly thanks to the immigrants from South Asia, they have truly transformed the area into what is it now. This means more income from renting as there is an ever-increasing need for housing. There was a population boom with 50% growth in the area from 2001 to 2020.
- Economic Opportunities: Big companies like Coca-Cola, Rogers Communications, Loblaw, and more are headquartered here. There are diverse industries functioning here making it immune to any economic slump.
- Beautiful Parks and nature trails: If you’re a nature lover and would rather prefer to reside in the lap of nature then Brampton is a good fit for you. The region is filled with bio-diversity parks such as the Eldorado Park, Claireville conservation area, and Heart Lake conservation parks to name a few.
- Shopping Experience & Restaurants: The trinity commons offers a great outdoor shopping experience during summer it is a great experience. It is well-connected to Highway 410. Many Flea markets are open the entire year. There are vast varieties of restaurants to choose from be it Mandarin cuisine or Pakistani cuisine. It is filled with the best restaurants in all of Canada.