Rent in Brampton shot up three times faster over the last year than the national average in Canada, according to a rental report.
The report also shows Brampton boasts some of the most costly rental prices, as it is among the top five most expensive in the country for one-bedroom units at $2,274 per month – though still $346 less each month than what it costs in Toronto. The rental cost of an average two-bedroom unit in Brampton is also significantly cheaper than in Toronto, going for $763 less at $2,650 per month.
Broker and co-owner of Re/Max Realty Services, Gurinder Sandhu, who oversees four offices throughout Peel Region, told CTV News Toronto Thursday a few reasons are contributing to increasing prices. “Brampton has always been one of those kind of suburban communities where the affordability, whether it was a rental or purchase, was a lot better than the core of the city . We’re ever-increasing our population so now Brampton’s almost becoming part of the city,” Sandhu said.
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