A recent Bank of Canada study highlights a challenge I often see in Brampton’s real estate market: while lower interest rates can make mortgages more accessible, they also tend to fuel demand right away—yet it takes around two years for new housing supply to catch up. The result? Home prices can rise even as borrowing becomes less expensive, and construction costs remain stubbornly high. As a local real estate professional with HomeLife G1 Realty Inc., I know that true affordability depends on more than just rate cuts. It’s a complex balance of supply, demand, and costs that shapes the real opportunities for buyers and sellers in our community.
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