Brantford Pre Construction Homes. Why should you consider moving to Brantford?
Brantford is thriving. lots of first time home buyers are flocking to Brantford to buy their first Pre Construction homes. Investing in real estate is a popular choice among business owners who seek long-term profitability. Brantford is an ideal metropolitan area for real estate investments, as it has experienced rapid growth and demonstrated its full potential over the past decade. In fact, Brantford was ranked first on MoneySense magazine's highly anticipated "Where to Buy Real Estate" list last year.
List of upcoming Pre Construction homes for sale in Brantford
Currently, there is a wide selection of Brantford homes for sale on the market, providing excellent opportunities for real estate investors to acquire valuable assets. Many of these properties consist of new construction homes in Brantford. If you are considering purchasing or investing in real estate, here are some compelling reasons to explore pre-construction projects in Brantford.
Active Pre Construction Home Builders in Brantford, Ontario.
The number of homes sold through the MLS® System of the Brantford Regional Real Estate Association totaled 208 units in June 2023. This was an increase of 10.1% from June 2022.
Home sales were 12.1% below the five-year average and 15.1% below the 10-year average for the month of June.
On a year-to-date basis, home sales totaled 1,054 units over the first six months of the year. This was a large decline of 19.8% from the same period in 2022.
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $698,600 in June 2023, a moderate decrease of 7.7% compared to June 2022.
The benchmark price for single-family homes was $725,500, falling by 6.6% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $592,500, a sharp decrease of 17.3% compared to a year earlier, while the benchmark apartment price was $360,600, down sharply by 19.5% from year-ago levels.
The average price of homes sold in June 2023 was $735,413, edging down 0.4% from June 2022.
Brantford has a strong Housing Market
Brantford has been a go to place for lots of homebuyers looking for affordable or cheaper options. However, looking for cheapest prices alone isn’t everything. Low prices can be indicative of neighbourhoods with a lack of amenities or low appreciation. Instead, MoneySense looks for relative value compared to neighbouring communities among other factors. The top-ranked cities have strong economies, solid rental markets, great value and robust price appreciation.
Brantford may not have seen the skyrocketing property values of Toronto, but someone who bought in 2007 would have generated an annual rate of return of 8.5% over 10 years, better than the 7.1% generated by the average single-family home in the GTA.