Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
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Ritz Towers is a 28-storey, 222-unit condo at 8 Lisa Street, about 0.7 km from Bramalea City Centre in Brampton, completed in 1986 by Bramalea Ltd. Suites run about 948 to 1,268 sq ft, and November 2026 fees of about $1,122 to $1,355 a month include heat, hydro and water. Brampton condo medians fell 12.6% in 2026.
This guide is for buyers and renters looking at Ritz Towers, the 28-storey condo at 8 Lisa Street, a short walk from Bramalea City Centre in Brampton. You will get the building facts I could verify, what the fee covers, Brampton condo prices and rents, what is planned around the mall, and the checks I would make before buying or renting in 2027.
Where is Ritz Towers and what is nearby?
Ritz Towers sits at 8 Lisa Street, near Clark Boulevard and Lisa Street in the Bramalea area of Brampton. By my straight-line measurement on OpenStreetMap, it is about 0.7 km from the centre of Bramalea City Centre, about 1.1 km from Bramalea Terminal, Brampton Transit’s bus hub at the mall, and about 2.9 km from Bramalea GO station.
Bramalea City Centre is one of the largest enclosed malls in Ontario, with more than 300 stores and services, as insauga reported. The Toronto Metropolitan University School of Medicine lists its address at 150 Central Park Drive, beside the mall, which brings students, staff and health-care jobs to the area.
- Shopping: Bramalea City Centre, about 0.7 km to its centre.
- Bus: a stop at Clark Boulevard and Lisa Street with Queen and South Industrial routes (building-data website); Bramalea Terminal about 1.1 km away.
- GO train: Bramalea GO, about 2.9 km away.
- Nearby campus: TMU School of Medicine, 150 Central Park Drive.
Who built Ritz Towers and when was it finished?
A building-data website says Bramalea Ltd. completed Ritz Towers in 1986. The corporation is Peel Condominium Corporation No. 260, registered on 22 January 1986, and FirstService Residential is listed as the manager. The tower has 28 storeys and 222 units, which makes it one of the taller buildings in the area.
| Fact | Ritz Towers |
|---|---|
| Address | 8 Lisa Street, Brampton |
| Builder | Bramalea Ltd. (per a building-data website) |
| Height and size | 28 storeys, 222 units |
| Registered | 22 January 1986 (PCC No. 260) |
| Suite sizes | About 948 to 1,268 sq ft |
| Fee covers (listed) | Heat, hydro, water, air conditioning, building insurance, common elements |
Source: building-data website pages, read November 2026. Confirm every figure in the status certificate.
What suite types and sizes does Ritz Towers have?
Suites are big. A building-data website lists a range of about 948 to 1,268 square feet. Listings in November 2026 were one-bedroom-plus-dens, two-bedrooms and two-bedroom-plus-dens, in size brackets from 900 to 999 square feet up to 1,200 to 1,399 square feet. Many two-bedroom suites in new Brampton towers are well under 900 square feet, so you get much more room here for the money.
Expect 1980s layouts: separate rooms, more hallway, and kitchens that may or may not have been updated. Renovated suites and original suites can sit side by side at very different prices.
What amenities does Ritz Towers have?
Ritz Towers has a long amenity list for its age. A building-data website lists an indoor pool and an outdoor pool, a gym, a sauna, a squash court, guest suites, a security guard, a security system and a parking garage. Two pools and a squash court cost money to run and repair, so look at what the reserve fund study plans for them over the next ten years.
What are the maintenance fees at Ritz Towers?
Fees are high, but they cover a lot. On listings shown on a building-data website in November 2026, monthly fees ranged from about $1,122 to $1,355. A building-data website lists heat, hydro, water, air conditioning, building insurance and common elements as included, so most owners have no separate utility bills.
Even so, the fee is often more than $1 per square foot, which is a lot by Brampton standards. It is the first thing buyers and lenders notice, and it affects resale. My post on whether high maintenance fees lower a condo’s value explains how buyers weigh an all-inclusive fee against a lower fee plus utilities.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
What do condos at Ritz Towers sell and rent for?
I do not publish individual sale prices. Here is the city-level picture for Brampton condo apartments.
| Brampton condo apartments | Jan–Oct 2024 | Jan–Oct 2025 | Jan–Oct 2026 |
|---|---|---|---|
| Median sold price | $540,000 | $475,000 | $415,000 |
| Sales | 274 | 228 | 241 |
| Average days on market | 34 | 45 | 53 |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025 and 2024. City-wide Brampton figures, not Ritz Towers figures.
The Brampton condo apartment median fell 12.6% from 2025 to 2026. TRREB’s October 2026 Market Watch showed 23 Brampton condo apartment sales, 174 active listings and sales averaging 95% of asking. The MLS Home Price Index benchmark for a Brampton apartment was $398,400, down 9.89% from a year earlier.
At the building level, a building-data website showed an average of about $309 per square foot at Ritz Towers in November 2026, and 10 suites listed for sale. That low price per square foot reflects the age of the building and the high fees as much as the size of the suites. My post on how much a Brampton condo is worth shows how to price a suite against close comparables.
Rents
TRREB’s Q2 2026 Rental Market Report put the average Brampton condo lease at $2,052 for a one-bedroom, $2,408 for a two-bedroom and $2,800 for a three-bedroom (from only 10 leases). Large suites with utilities included should rent toward the top of the two-bedroom range, but test it against current listings. See my Brampton rent guide for 2027 for other sources.
How do you get around from Ritz Towers?
Buses are the main option. A building-data website lists a stop at Clark Boulevard and Lisa Street served by the Queen and South Industrial routes. Bramalea Terminal at the mall is a short walk away. Brampton Transit runs the Züm Queen Street express route from the Downtown Terminal to York University, and the Züm Steeles Avenue and Züm Bovaird Drive routes cross the city to the south and north.
For trips into Toronto, Bramalea GO is on the GO Kitchener line, about 2.9 km from the building in a straight line. Most residents will take a bus or drive to the station. Check GO and Brampton Transit schedules for the times you travel.
What is planned around Bramalea City Centre?
In September 2022, insauga reported a proposal from the mall’s co-owners, Morguard Corporation and BCC Equities Inc., to replace the closed Sears store with four rental apartment buildings, a commercial building and an urban plaza, with about 1,000 new units. I could not confirm its current status, so treat it as a proposal. If it goes ahead, it would bring more renters and services to the area, and more rental competition for owners on Lisa Street.
What are the pros and cons of living at Ritz Towers?
Pros
- Large suites, often 1,000 square feet or more.
- A fee that, as listed, covers heat, hydro, water and air conditioning.
- Two pools, a squash court, a gym, guest suites and on-site security.
- A short walk to Bramalea City Centre and the bus terminal.
- A low price per square foot compared with newer Brampton condos.
Cons
- A 40-year-old building, with costly systems to maintain.
- High monthly fees that shrink your buyer and investor pool.
- Rising energy costs flow straight into the fee.
- No GO station within walking distance.
- Plenty of competing listings in the building and city.
A 40-year-old tower with two pools needs a well-funded reserve. Before you offer, read the reserve fund study, the latest audited statements and a year of board minutes. Look for large items due soon, such as elevators, windows, balcony repairs, the garage and mechanical systems, and for any talk of a special assessment or a loan. My guide on why condo fees rise and how special assessments happen shows what the warning signs look like.
Who is Ritz Towers best for?
Ritz Towers suits buyers who want space and simplicity: downsizers moving from a Bramalea house, families who need two bedrooms and a den, and first-time buyers who prefer one predictable monthly bill. People who work at the mall, the medical school or nearby employers will like the short trip. It is a weaker fit for investors who need a low fee to make the rent work, and for daily GO commuters who want to walk to the train.
I look at buildings like Ritz Towers in terms of total monthly cost, not fee alone. Add the fee, your mortgage and property tax, then compare that with a newer condo where you also pay hydro and heat. Often the older, bigger suite wins on space per dollar. The building’s finances are the deciding factor. A strong reserve fund makes this one of the better values around Bramalea. A weak one can wipe out the savings. If you want help reading the documents or comparing nearby towers, my guide to choosing a realtor in Bramalea explains what to ask.
Should you buy or rent at Ritz Towers in 2027?
Buyers have room to negotiate. With 174 Brampton condo apartments listed in October 2026 against 23 sales, and 10 suites listed in this building alone, there is no rush. Rates rose, though. The Bank of Canada raised its policy rate to 2.50% on 28 October 2026, prime moved to 4.70%, and the next decision is on 9 December 2026. Lenders count condo fees when they work out how much you can borrow, so get pre-approved with the real fee for the suite you want.
Renters get guideline protection. The building was first occupied in 1986, so Ontario’s rent increase guideline applies: 1.9% for 2027, once every 12 months, with at least 90 days’ written notice. For the wider picture, see my Brampton housing market outlook for 2027.
What to do next
- Get a starting value from the condo estimator on this page, then compare it with recent sales of similar suites on Lisa Street.
- Ask for the status certificate, the reserve fund study and a year of board minutes.
- Work out your total monthly cost, including the fee, and compare it with a newer condo plus utilities.
- Check whether the suite you want has been renovated, and price it against original-condition suites.
- Book a call with me if you would like help comparing towers around Bramalea City Centre.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
What are the condo fees at Ritz Towers, 8 Lisa Street?
Condo fees at Ritz Towers in Brampton ranged from about $1,122 to $1,355 a month on a building-data website listings in November 2026. A building-data website lists heat, hydro, water, air conditioning, building insurance and common elements as included. Because suites are large, fees often exceed $1 per square foot, so compare total monthly cost with a newer condo plus utilities.
When was Ritz Towers in Brampton built?
Ritz Towers at 8 Lisa Street in Brampton was completed in 1986 by Bramalea Ltd., according to a building-data website, and registered as Peel Condominium Corporation No. 260 in January 1986. It has 28 storeys and 222 units. By 2027 the building is more than 40 years old, so the reserve fund study matters a great deal.
How big are the suites at Ritz Towers?
Suites at Ritz Towers in Brampton range from about 948 to 1,268 square feet, according to a building-data website. Listings in November 2026 were one-bedroom-plus-dens, two-bedrooms and two-bedroom-plus-dens. That is larger than most new two-bedroom condos in Brampton, which helps explain both the high fees and the low price per square foot.
Are there condos near Bramalea City Centre?
Yes, several condo towers sit near Bramalea City Centre in Brampton, including Ritz Towers at 8 Lisa Street, about 0.7 km from the mall’s centre by straight line. In 2022 the mall’s owners also proposed four rental apartment buildings with about 1,000 units on the former Sears site, but that plan’s current status is unconfirmed.
How much do condos near Bramalea City Centre cost?
There is no official figure for the Bramalea City Centre area alone. Across Brampton, the median condo apartment sold for $415,000 from January to October 2026, down 12.6% from 2025 (TRREB MLS data via REALM). A building-data website showed an average of about $309 per square foot at Ritz Towers in November 2026, a rough guide only.
Is Ritz Towers close to a GO station?
Ritz Towers is about 2.9 km from Bramalea GO station by straight line, so most residents take a bus or drive to the train. Bramalea GO is on the GO Kitchener line to Union Station. Bramalea Terminal, Brampton Transit’s bus hub at Bramalea City Centre, is about 1.1 km from the building.
How much is rent near Bramalea City Centre?
TRREB’s Q2 2026 report put average Brampton condo leases at $2,052 for a one-bedroom, $2,408 for a two-bedroom and $2,800 for a three-bedroom. TRREB does not report the Bramalea City Centre area separately. Large suites with utilities included, like those at Ritz Towers, should rent toward the upper end of the two-bedroom range.
Is rent controlled at Ritz Towers in 2027?
Yes, rent increases at Ritz Towers are capped by Ontario’s rent increase guideline because the Brampton building was first occupied in 1986, long before the 15 November 2018 exemption date. The 2027 guideline is 1.9%. Landlords can raise rent once every 12 months and must give at least 90 days’ written notice.
Does Ritz Towers in Brampton have a pool?
Yes, Ritz Towers in Brampton lists both an indoor pool and an outdoor pool on a building-data website as of November 2026, plus a gym, a sauna, a squash court, guest suites, a security guard and a parking garage. These add to running costs in a 40-year-old building, so check the reserve fund plan for each one.
Sources
- Ritz Towers, 8 Lisa St (building-data website)
- About Züm (City of Brampton)
- Terminals and Facilities (Brampton Transit)
- TMU School of Medicine contact and address
- New apartment towers could be coming to Brampton shopping mall (insauga, 2022)
- Kitchener line (Wikipedia, background)
- Rental Market Report, Q2 2026 (TRREB)
- Market Watch, October 2026 (TRREB)
Related reading
- Living at Exchange District Condos, Mississauga: 2027 Buyer and Renter Guide
- Living at Pinnacle Uptown, Mississauga: 2027 Buyer and Renter Guide
- Living at The Grand Residences at Parkside Village, Mississauga: 2027 Buyer and Renter Guide
- Living at The Condominiums at Square One District, Mississauga: 2027 Buyer and Renter Guide
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.