Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$840,355
MoM −$21,182 −2.5% down $21,182, 2.5% versus February 2020 YoY +14.4% up 14.4% versus March 2019
Source: TRREB MarketWatch, March 2020
3 areas
Peel Region
March 2020
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$780,000
MoM −$10,000 −1.3% down $10,000, 1.3% versus February 2020 YoY +13.5% up 13.5% versus March 2019
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$806,100
MoM +$20,700 +2.6% up $20,700, 2.6% versus February 2020 YoY +13.0% up 13.0% versus March 2019
Sales — Firm transactions reported through the MLS® System during the month.
1,597
MoM +81 +5.3% up 81, 5.3% versus February 2020 YoY +3.9% up 3.9% versus March 2019
Dollar volume — Total value of all sales in the month.
$1.34B
MoM +$35,957,536 +2.8% up $35,957,536, 2.8% versus February 2020 YoY +18.9% up 18.9% versus March 2019
New listings — Properties newly listed during the month.
2,986
MoM +859 +40.4% up 859, 40.4% versus February 2020 YoY +7.0% up 7.0% versus March 2019
Active listings — Listings available at month end.
1,889
MoM +481 +34.2% up 481, 34.2% versus February 2020 YoY −25.2% down 25.2% versus March 2019
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
10
MoM −3 days −23.1% down 3 days, 23.1% versus February 2020 YoY n/a not available, prior month not on file versus March 2019
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
13
MoM −6 days −31.6% down 6 days, 31.6% versus February 2020 YoY n/a not available, prior month not on file versus March 2019
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
102%
MoM no change no change versus February 2020 YoY +4.1% up 4.1% versus March 2019
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
53.5%
MoM −17.8 pp −25.0% down 17.8 pp, 25.0% versus February 2020 YoY −2.9% down 2.9% versus March 2019
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.
1.2
MoM +0 +27.4% up 0, 27.4% versus February 2020 YoY −28.1% down 28.1% versus March 2019
Trend
13 months to March 2020
Average price
| Month | Average price |
|---|---|
| Mar '19 | 734417 |
| Apr '19 | 752576 |
| May '19 | 754155 |
| Jun '19 | 758444 |
| Jul '19 | 761487 |
| Aug '19 | 745901 |
| Sep '19 | 764232 |
| Oct '19 | 790406 |
| Nov '19 | 769434 |
| Dec '19 | 781973 |
| Jan '20 | 784340 |
| Feb '20 | 861537 |
| Mar '20 | 840355 |
Sales
| Month | Sales |
|---|---|
| Mar '19 | 1537 |
| Apr '19 | 1925 |
| May '19 | 2162 |
| Jun '19 | 1902 |
| Jul '19 | 1809 |
| Aug '19 | 1709 |
| Sep '19 | 1631 |
| Oct '19 | 1690 |
| Nov '19 | 1369 |
| Dec '19 | 920 |
| Jan '20 | 1005 |
| Feb '20 | 1516 |
| Mar '20 | 1597 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 1,597 | +81 +5.3% up 81, 5.3% versus February 2020 | $840,355 | −$21,182 −2.5% down $21,182, 2.5% versus February 2020 | $780,000 | 53.5% | 1.2 |
| Detached | 698 | −28 −3.9% down 28, 3.9% versus February 2020 | $1,063,333 | −$10,533 −1.0% down $10,533, 1.0% versus February 2020 | $960,500 | 47.0% | 1.6 |
| Semi-detached | 281 | +27 +10.6% up 27, 10.6% versus February 2020 | $790,035 | +$15,682 +2.0% up $15,682, 2.0% versus February 2020 | $782,000 | 57.4% | 0.7 |
| Att/row/townhouse | 122 | −24 −16.4% down 24, 16.4% versus February 2020 | $731,929 | +$8,344 +1.2% up $8,344, 1.2% versus February 2020 | $730,500 | 50.2% | 1.0 |
| Condo townhouse | 220 | +84 +61.8% up 84, 61.8% versus February 2020 | $634,027 | −$6,604 −1.0% down $6,604, 1.0% versus February 2020 | $633,250 | 71.9% | 0.6 |
| Condo apartment | 269 | +26 +10.7% up 26, 10.7% versus February 2020 | $533,074 | +$4,223 +0.8% up $4,223, 0.8% versus February 2020 | $525,000 | 60.3% | 1.0 |
| Link | 7 | −1 −12.5% down 1, 12.5% versus February 2020 | $808,914 | +$7,901 +1.0% up $7,901, 1.0% versus February 2020 | $750,000 | 53.9% | 1.1 |
| Co-op apartment | 0 | −1 −100.0% down 1, 100.0% versus February 2020 | $0 | −$421,000 −100.0% down $421,000, 100.0% versus February 2020 | — | — | — |
| Detached condo | 0 | −2 −100.0% down 2, 100.0% versus February 2020 | $0 | −$834,000 −100.0% down $834,000, 100.0% versus February 2020 | — | 0.0% | — |
| Co-ownership apartment | 0 | no change no change versus February 2020 | $0 | no change no change versus February 2020 | — | — | — |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 284.3 | $806,100 | +13.0% up 13.0% |
| Single-family detached | 274.3 | $968,500 | +11.6% up 11.6% |
| Single-family attached | 283.7 | $726,300 | +12.9% up 12.9% |
| Townhouse | 279.4 | $599,900 | +12.8% up 12.8% |
| Apartment | 304.7 | $522,400 | +17.1% up 17.1% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Caledon +1.2% up 1.2%
- Brampton −2.4% down 2.4%
- Mississauga −3.0% down 3.0%
Bottom 5
- Mississauga −3.0% down 3.0%
- Brampton −2.4% down 2.4%
- Caledon +1.2% up 1.2%
Sales, month-over-month
Top 5
- Mississauga +10.0% up 10.0%
- Brampton +1.7% up 1.7%
- Caledon −1.3% down 1.3%
Bottom 5
- Caledon −1.3% down 1.3%
- Brampton +1.7% up 1.7%
- Mississauga +10.0% up 10.0%
Peel Region
Caledon
Caledon, Peel Region
$983,569
+$11,517 +1.2% up $11,517, 1.2% versus February 2020
- Sales
- 74
- SP/LP
- 99%
- DOM
- 16
- SNLR
- 45.7%
Mississauga
Mississauga, Peel Region
$860,158
−$27,060 −3.0% down $27,060, 3.0% versus February 2020
- Sales
- 756
- SP/LP
- 102%
- DOM
- 11
- SNLR
- 55.8%
Brampton
Brampton, Peel Region
$807,019
−$20,125 −2.4% down $20,125, 2.4% versus February 2020
- Sales
- 767
- SP/LP
- 103%
- DOM
- 8
- SNLR
- 52.2%
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 | 74 | −1 −1.3% down 1, 1.3% versus February 2020 | $72.8M | $983,569 | +$11,517 +1.2% up $11,517, 1.2% versus February 2020 | $892,500 | 162 | 202 | 99% | 16 | 26 | 45.7% | 2.7 |
| Mississauga Mississauga, Peel Region | 756 | +69 +10.0% up 69, 10.0% versus February 2020 | $650.3M | $860,158 | −$27,060 −3.0% down $27,060, 3.0% versus February 2020 | $764,500 | 1,355 | 897 | 102% | 11 | 15 | 55.8% | 1.2 |
| Brampton Brampton, Peel Region | 767 | +13 +1.7% up 13, 1.7% versus February 2020 | $619.0M | $807,019 | −$20,125 −2.4% down $20,125, 2.4% versus February 2020 | $780,000 | 1,469 | 790 | 103% | 8 | 9 | 52.2% | 1.0 |