Why invest in Brampton Real Estate?
Brampton is among the fastest growing cities in Canada, with over 600,000 people the city is the 9th largest in the country, and 3rd in Greater Toronto Area. Its average growth is around 4.2% which means that 14,000 new residents come every year.
The city is home of the largest intermodal port in Canada, it’s located strategically in between Toronto and the U.S. border with a network of thoroughfares that connects the city to all major cities in the region.
Brampton counts on more than 8,000 businesses placing itself as a worldwide economic contender. Major business areas are wholesale trade, retail, manufacturing and trades work. Although other areas are splitting the pot of businesses in the city, manufacturing is still the industry with the highest employment rate.
List of New Homes in Brampton
City of Brampton
Brampton is known as the Flower city due to its large greenhouse industry. Its charm of having a small town and chill feel within a big city is one of the main characteristics of Brampton.
The city has the lowest average age amongst Canada’s largest cities, with an average age of 36.5 years. Also, population ethnic background is very diverse bringing many different cultures with over 110 different languages spoken. The top 3 non-official languages are Gujrati, Punjabi and Urdu.
Workforce in the city is very skilled as 50% of its residents have achieved Post-Secondary degree. Sheridan College Institute of Technology is located in the city, among other institutions such as Algoma University, 18 trade schools despite its innovative elementary and secondary schools giving a high level of skills for residents in the city. In addition to that, these institutions are an opportunity for Real estate as many students come to the city seeking for knowledge.
Brampton counts on public transit service to transport people within the city. It also has a GO station, Zum Transit with trains and buses.
A project is under development to connect Mississauga’s lakefront to downtown Brampton’s transit hub. This connection will benefit both cities and all the region as will link to centers in a fast track option with 23 kilometers connecting routes to York region, Toronto and the airport.