Branthaven queens lane price released - $1.4M

sameer12 wrote: ↑ I’ve been eyeing the Queens Lane project by Branthaven for over a year. They were originally $800’s, then $900’s, and went up half a mil starting at $1.4M!!!

I understand the market is hot, but this seems extremely out of line for a ~ 1650 sqft townhome.

What are your thoughts? Is this in line? Out of line? Love to hear feedback.

JayLove06 wrote: ↑ Builders are really going for broke it seems. They probably feel like the party is ending soon.

VictoryBoyxx wrote: ↑ you really think builders with 20-30-40 years experience in Canadian construction going to broke?
It is sad that we are not agreeing to the reality that we are going to face in the next 2-3 years.

sameer12 wrote: ↑ I’ve been eyeing the Queens Lane project by Branthaven for over a year. They were originally $800’s, then $900’s, and went up half a mil starting at $1.4M!!!

I understand the market is hot, but this seems extremely out of line for a ~ 1650 sqft townhome.

What are your thoughts? Is this in line? Out of line? Love to hear feedback.

sameer12 wrote: ↑ Branthaven released similar designs in Burlington, right off the 407 and near a new plaza starting at $1.3M. I understand that these back a golf course, but not sure how that makes them more premium in price vs being walking distance from dozens of stores, restaurants etc.

Mattamy’s the nine started at $1.2 and those were at a prime spot worth the price, so again, not sure if $1.4M for this, imo, is justifiable.

vprime77 wrote: ↑ That's market price, especially for a brand new townhome in Mississauga which I think is where these are located. There were some rear lanes released by Mattamy in Oakville recently that were even higher ($1.4 - $1.5).

gc99 wrote: ↑ Just googled this project
https://www.branthaven.com/communities/queens-lane/

Its actually in west Brampton, not Mississauga

zsj495 wrote: ↑ I know plenty of people that live in west Brampton but they always refer to it as “north Mississauga” or “Mississauga Road and Financial Drive” or basically anything else without saying they live in Brampton lol.

Singh_21 wrote: ↑ Yet they bought in west Brampton and not mississauga.

zsj495 wrote: ↑ It was because it was cheaper at the time. Not sure about now as I don’t follow the area but it was definitely cheaper to buy North of the 407. It wasn’t because they wanted to, it was because their wallet told them to.

This was years ago. It was a relatively cheap way to get into the market back then. Since then, most have moved out of Brampton or are looking to get out. Some even went so far as to put their kids in private school in Mississauga as they don’t want their kids going to the public school there.