The already popular market is being targeted by both international as well as home-grown developers.
According to the city, developers continue to show increasing interest in Brampton’s downtown core,.
“Available land is only one of the reasons that downtown Brampton is now so attractive to business and investors,” Anthony Wong, the Manager of the Central Area, said. “We are seeing major public investments in healthcare, education and amenities like Riverwalk.”
Brampton which is already a popular and well-performing market is poised for even more growth. This it seems is principally due to the increasing interest from developers both home and abroad.
In May the average price for a home in the city sold for $733,590– This is an increase of 31.7% from the $557,009 just last year.
The $530 million Peel Memorial Centre for Integrated Health and Wellness will be opening this this month.
There are plans for the city to build a sprawling health and sciences community around the center, which will not only create jobs but will also further boost residential development and, of course, interest from real estate investors.
Brampton was chosen by Atlas Healthcare because it believes it’s an up-and-coming market.
The building of the center was facilitated by Paul Aldunate, city of Brampton Expeditor. He fills a newly created role which aims at working across all sectors in facilitating the cooperation of municipal services and the business community.
“We needed to find out the needs of this community and what the shortcomings were in order to better service the City of Brampton,” Domenic Trotta of Atlas Healthcare, said. “Through Paul’s role, he was able to bring this information to us, to help us better understand how our new medical center can make up for these drawbacks, and play a role in providing better healthcare for Brampton.”