- Average price, Brampton, all property types
- $825,183As of October 2026.Source
- Median price, Brampton, all property types
- $800,000As of October 2026.Source
- Average days from listing to sale, Brampton
- 30 days at 98% of listAs of October 2026.Source
- Population of Brampton, and growth since 2016
- 656,480 (up 10.6%)As of 2021 Census.Source
On this page
Brampton is a city defined by growth and by price level. It has more people than it did five years ago and homes that cost less than most of its GTA neighbours, and each fact changes how much a second mortgage can reach.
A $825,183 average and an $800,000 median
TRREB’s October 2026 report lists 435 Brampton sales at an average of $825,183 and a median of $800,000. Over the first ten months of 2026 the average was $875,916 and the median $830,000, so the latest month sat below the year’s run. Compared with Mississauga’s $927,521 average that month, Brampton is about $102,000 lower.
Lower prices mean equity cushions are thinner for owners who bought in recent years. Someone who put 10% down at a higher price and has paid little principal may find that a drop in value takes a big bite of their room.
Brampton’s 2021 Census count was 656,480 people, up 10.6% from 2016, almost twice the 5.8% growth for Ontario overall. The same table counts 117,660 children under 15, which is 17.9% of residents. Growth like this explains why so much of the housing is recent, and recent housing often carries a recent, larger first mortgage.
Thirty days to sell and what a lender infers
October 2026 data shows Brampton homes sold in an average of 30 days at about 98% of list price, with 4.6 months of inventory. Among the Peel municipalities in TRREB’s table, that is the fastest and closest to asking. A lender uses figures like these as a rough gauge of how easily a home could be sold if a loan failed.
It is a rough gauge only. The lender’s appraiser will value your specific house, and a home on a busy road or with an unpermitted basement apartment can be judged very differently from the area average.
Where a Brampton owner with $190,000 of equity stands
The federal consumer agency’s rule of thumb is that a second mortgage reaches up to 80% of appraised value minus your first mortgage balance. The first example above shows a Brampton owner with $190,000 of equity who has only $30,000 of room. The second shows the same city with a smaller balance and $220,733 of room.
If your plan needs more than your room allows, do not stretch the number. Look at the consolidation page to see whether the savings survive the fees, or at self-employed options if income documents were the obstacle. If credit is the issue, read second mortgages with damaged credit before agreeing to any offer.
A $573,501 gap between detached and condo
TRREB’s October 2026 table splits Brampton by type. The 249 detached sales averaged $941,016 with a median of $922,500. The 23 condo apartment sales averaged $367,515 with a median of $352,000, a gap of $573,501 in the averages. Brampton’s 435 sales were 43% of Peel Region’s 1,017 that month.
The city-wide $825,183 average sits between those two worlds and matches neither. Owners of a Brampton condo will find that a lender looks closely at the building, and that a modest balance can still leave thin room.
Fees, and what CMHC says about arrears
Ontario’s land transfer tax is a cost of buying, and a second mortgage on a home you own is not a purchase. Expect a lender fee, a broker fee, legal costs, an appraisal and a registration fee. The Ontario page has the registration fee and what to ask.
CMHC says Ontario arrears hit 0.32% in the second quarter of 2026 and should keep rising through mid-2027, concentrated in the Greater Toronto and Hamilton Area. CMHC links part of that pressure to trade tensions affecting manufacturing, including automotive. It gives no Brampton-only number, and we will not guess one.
2.2 new listings for every sale
TRREB counted 960 new Brampton listings against 435 sales, about 2.2 new listings for every sale, with 1,617 homes active at month end. That is a market with choice for buyers, even though homes still sold quickly. If you are weighing a sale as the alternative to a loan, expect buyers to compare your home against several others.
Checking a licence before you share documents
Brokerages and Level 2 mortgage agents are the route to private lenders in Ontario, and the FSRA register shows who holds a licence. Look the number up before any documents change hands.
When your Brampton figures are in front of you, send them for a licensed professional’s read. You can also read how Mississauga and Vaughan compare.
A Brampton home at the October 2026 median, with a $40,000 loan
The $800,000 value is TRREB's October 2026 median for Brampton, all property types, as a stand-in for an appraisal. The $610,000 first mortgage and $40,000 loan are made up. The 80% ceiling is the one the Financial Consumer Agency of Canada describes.
- Home value used
- $800,000
- Equity before the loan
- $190,000
- 80% of the home value
- $640,000
- Combined loan-to-value with the loan
- 81.2%
- Room under an 80% ceiling before the loan
- $30,000
$800,000 minus $610,000
$800,000 times 0.8
$650,000 owed on $800,000
A Brampton owner with a lower first mortgage at the 2026 year-to-date average
The $875,916 value is TRREB's average Brampton price for January to October 2026, all property types, as a stand-in for an appraisal. The $480,000 first mortgage and $100,000 loan are made up.
- Home value used
- $875,916
- 80% of the home value
- $700,733
- Room under the ceiling
- $220,733
- Combined loan-to-value with a $100,000 loan
- 66.2%
- Equity left after the loan
- $295,916
$875,916 times 0.8, rounded
$700,733 minus $480,000
$580,000 owed on $875,916
Questions people ask
Do Brampton's quick sales help a second mortgage application?
They can help a lender feel comfortable about resale, since TRREB shows Brampton homes selling in an average of 30 days at about 98% of list in October 2026. A lender still orders its own appraisal and weighs your income, credit and first mortgage.
Is Brampton's price growth a reason to borrow more?
No. The city grew 10.6% in population between 2016 and 2021, but across the GTA TRREB's benchmark was 4.3% lower in October 2026 than a year earlier. Borrow against today's appraisal, never against the price you hope for.
What separates Brampton's average price from its median?
In October 2026 the average was $825,183 and the median $800,000, a gap of $25,183. That is smaller than in Toronto, which suggests fewer very expensive sales are pulling the average up. Your own appraisal still rules.
Will a lender in Brampton go above 80% combined?
Some private lenders may, at higher cost and risk. The consumer agency's description of a second mortgage is up to 80% of value minus your first mortgage. Anything above that is a conversation to have with a licensed agent, with the extra cost in writing.