Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$734,417
MoM +$21,794 +3.1% up $21,794, 3.1% versus February 2019 YoY +2.7% up 2.7% versus March 2018
Source: TRREB MarketWatch, March 2019
3 areas
Peel Region
March 2019
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$687,000
MoM +$19,500 +2.9% up $19,500, 2.9% versus February 2019 YoY +3.3% up 3.3% versus March 2018
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
—
MoM n/a not available, prior month not on file versus February 2019 YoY n/a not available, prior month not on file versus March 2018
Sales — Firm transactions reported through the MLS® System during the month.
1,537
MoM +482 +45.7% up 482, 45.7% versus February 2019 YoY −0.6% down 0.6% versus March 2018
Dollar volume — Total value of all sales in the month.
$1.13B
MoM +$376,981,261 +50.1% up $376,981,261, 50.1% versus February 2019 YoY +2.1% up 2.1% versus March 2018
New listings — Properties newly listed during the month.
2,791
MoM +990 +55.0% up 990, 55.0% versus February 2019 YoY −6.1% down 6.1% versus March 2018
Active listings — Listings available at month end.
2,527
MoM +475 +23.1% up 475, 23.1% versus February 2019 YoY −9.7% down 9.7% versus March 2018
Avg. DOM — Average days on market. Editions before 2020 report this single figure rather than splitting it into LDOM and PDOM.
18
MoM −3 days −14.3% down 3 days, 14.3% versus February 2019 YoY −5.3% down 5.3% versus March 2018
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
98%
MoM no change no change versus February 2019 YoY no change no change versus March 2018
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
55.1%
MoM −3.5 pp −6.0% down 3.5 pp, 6.0% versus February 2019 YoY +5.8% up 5.8% versus March 2018
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
1.6
MoM −0 −15.5% down 0, 15.5% versus February 2019 YoY −9.1% down 9.1% versus March 2018
Trend
13 months to March 2019
Average price
| Month | Average price |
|---|---|
| Mar '18 | 715158 |
| Apr '18 | 725598 |
| May '18 | 735690 |
| Jun '18 | 720215 |
| Jul '18 | 716077 |
| Aug '18 | 703342 |
| Sep '18 | 726414 |
| Oct '18 | 712798 |
| Nov '18 | 719649 |
| Dec '18 | 701427 |
| Jan '19 | 696690 |
| Feb '19 | 712623 |
| Mar '19 | 734417 |
Sales
| Month | Sales |
|---|---|
| Mar '18 | 1546 |
| Apr '18 | 1689 |
| May '18 | 1807 |
| Jun '18 | 1693 |
| Jul '18 | 1466 |
| Aug '18 | 1446 |
| Sep '18 | 1315 |
| Oct '18 | 1457 |
| Nov '18 | 1228 |
| Dec '18 | 782 |
| Jan '19 | 894 |
| Feb '19 | 1055 |
| Mar '19 | 1537 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 1,537 | +482 +45.7% up 482, 45.7% versus February 2019 | $734,417 | +$21,794 +3.1% up $21,794, 3.1% versus February 2019 | $687,000 | 55.1% | 1.6 |
| Detached | 687 | +227 +49.3% up 227, 49.3% versus February 2019 | $932,197 | +$18,244 +2.0% up $18,244, 2.0% versus February 2019 | $851,000 | 47.5% | 2.2 |
| Semi-detached | 259 | +112 +76.2% up 112, 76.2% versus February 2019 | $684,560 | −$3,439 −0.5% down $3,439, 0.5% versus February 2019 | $685,000 | 68.3% | 1.0 |
| Att/row/townhouse | 133 | +26 +24.3% up 26, 24.3% versus February 2019 | $640,852 | +$2,262 +0.4% up $2,262, 0.4% versus February 2019 | $640,000 | 60.7% | 1.3 |
| Condo townhouse | 186 | +89 +91.8% up 89, 91.8% versus February 2019 | $546,505 | −$8,054 −1.5% down $8,054, 1.5% versus February 2019 | $547,500 | 66.0% | 1.2 |
| Condo apartment | 264 | +27 +11.4% up 27, 11.4% versus February 2019 | $446,566 | +$10,214 +2.3% up $10,214, 2.3% versus February 2019 | $425,500 | 59.2% | 1.4 |
| Link | 3 | −1 −25.0% down 1, 25.0% versus February 2019 | $696,667 | −$35,833 −4.9% down $35,833, 4.9% versus February 2019 | $676,000 | 23.1% | 3.3 |
| Co-op apartment | 0 | no change no change versus February 2019 | — | n/a not available, prior month not on file versus February 2019 | — | — | — |
| Detached condo | 5 | +3 +150.0% up 3, 150.0% versus February 2019 | $842,180 | +$74,680 +9.7% up $74,680, 9.7% versus February 2019 | $729,900 | 83.3% | 1.2 |
| Co-ownership apartment | 0 | −1 −100.0% down 1, 100.0% versus February 2019 | — | n/a not available, prior month not on file versus February 2019 | — | — | — |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Caledon +10.4% up 10.4%
- Mississauga +3.7% up 3.7%
- Brampton +1.1% up 1.1%
Bottom 5
- Brampton +1.1% up 1.1%
- Mississauga +3.7% up 3.7%
- Caledon +10.4% up 10.4%
Sales, month-over-month
Top 5
- Caledon +86.4% up 86.4%
- Brampton +52.0% up 52.0%
- Mississauga +36.3% up 36.3%
Bottom 5
- Mississauga +36.3% up 36.3%
- Brampton +52.0% up 52.0%
- Caledon +86.4% up 86.4%
Peel Region
Caledon
Caledon, Peel Region
$940,997
+$88,261 +10.4% up $88,261, 10.4% versus February 2019
- Sales
- 82
- SP/LP
- 96%
- DOM
- 30
- SNLR
- 42.9%
Mississauga
Mississauga, Peel Region
$738,673
+$26,048 +3.7% up $26,048, 3.7% versus February 2019
- Sales
- 713
- SP/LP
- 99%
- DOM
- 17
- SNLR
- 54.5%
Brampton
Brampton, Peel Region
$707,497
+$7,509 +1.1% up $7,509, 1.1% versus February 2019
- Sales
- 742
- SP/LP
- 99%
- DOM
- 18
- SNLR
- 57.4%
All Peel Region areas
3 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Caledon Caledon, Peel Region | 82 | +38 +86.4% up 38, 86.4% versus February 2019 | $77.2M | $940,997 | +$88,261 +10.4% up $88,261, 10.4% versus February 2019 | $825,000 | 191 | 276 | 96% | 30 | — | 42.9% | 3.4 |
| Mississauga Mississauga, Peel Region | 713 | +190 +36.3% up 190, 36.3% versus February 2019 | $526.7M | $738,673 | +$26,048 +3.7% up $26,048, 3.7% versus February 2019 | $670,000 | 1,308 | 1,214 | 99% | 17 | — | 54.5% | 1.7 |
| Brampton Brampton, Peel Region | 742 | +254 +52.0% up 254, 52.0% versus February 2019 | $525.0M | $707,497 | +$7,509 +1.1% up $7,509, 1.1% versus February 2019 | $685,000 | 1,292 | 1,037 | 99% | 18 | — | 57.4% | 1.4 |