Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,032,286
MoM +$39,135 +3.9% up $39,135, 3.9% versus January 2023 YoY −21.6% down 21.6% versus February 2022
Source: TRREB MarketWatch, February 2023
3 areas
Peel Region
February 2023
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$950,000
MoM +$43,500 +4.8% up $43,500, 4.8% versus January 2023 YoY −24.6% down 24.6% versus February 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,034,400
MoM +$6,500 +0.6% up $6,500, 0.6% versus January 2023 YoY −20.7% down 20.7% versus February 2022
Sales — Firm transactions reported through the MLS® System during the month.
832
MoM +256 +44.4% up 256, 44.4% versus January 2023 YoY −55.6% down 55.6% versus February 2022
Dollar volume — Total value of all sales in the month.
$858.9M
MoM +$286,806,819 +50.1% up $286,806,819, 50.1% versus January 2023 YoY −65.2% down 65.2% versus February 2022
New listings — Properties newly listed during the month.
1,404
MoM +45 +3.3% up 45, 3.3% versus January 2023 YoY −51.6% down 51.6% versus February 2022
Active listings — Listings available at month end.
1,589
MoM −17 −1.1% down 17, 1.1% versus January 2023 YoY +34.7% up 34.7% versus February 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
24
MoM −3 days −11.1% down 3 days, 11.1% versus January 2023 YoY +300.0% up 300.0% versus February 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
35
MoM −7 days −16.7% down 7 days, 16.7% versus January 2023 YoY +337.5% up 337.5% versus February 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
98%
MoM +1.0 pp +1.0% up 1.0 pp, 1.0% versus January 2023 YoY −14.8% down 14.8% versus February 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
59.3%
MoM +16.9 pp +39.8% up 16.9 pp, 39.8% versus January 2023 YoY −8.2% down 8.2% versus February 2022
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.
1.9
MoM −1 −31.5% down 1, 31.5% versus January 2023 YoY +203.3% up 203.3% versus February 2022
Trend
13 months to February 2023
Average price
| Month | Average price |
|---|---|
| Feb '22 | 1317192 |
| Mar '22 | 1269242 |
| Apr '22 | 1242343 |
| May '22 | 1180883 |
| Jun '22 | 1101178 |
| Jul '22 | 1066973 |
| Aug '22 | 1062984 |
| Sep '22 | 1044385 |
| Oct '22 | 1036140 |
| Nov '22 | 1039706 |
| Dec '22 | 989873 |
| Jan '23 | 993151 |
| Feb '23 | 1032286 |
Sales
| Month | Sales |
|---|---|
| Feb '22 | 1874 |
| Mar '22 | 2107 |
| Apr '22 | 1535 |
| May '22 | 1377 |
| Jun '22 | 1172 |
| Jul '22 | 886 |
| Aug '22 | 1058 |
| Sep '22 | 936 |
| Oct '22 | 902 |
| Nov '22 | 748 |
| Dec '22 | 578 |
| Jan '23 | 576 |
| Feb '23 | 832 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 832 | +256 +44.4% up 256, 44.4% versus January 2023 | $1,032,286 | +$39,135 +3.9% up $39,135, 3.9% versus January 2023 | $950,000 | 59.3% | 1.9 |
| Detached | 364 | +123 +51.0% up 123, 51.0% versus January 2023 | $1,347,653 | +$44,224 +3.4% up $44,224, 3.4% versus January 2023 | $1,270,000 | 55.6% | 2.2 |
| Semi-detached | 119 | +44 +58.7% up 44, 58.7% versus January 2023 | $962,332 | +$27,681 +3.0% up $27,681, 3.0% versus January 2023 | $955,000 | 66.1% | 1.1 |
| Att/row/townhouse | 83 | +18 +27.7% up 18, 27.7% versus January 2023 | $917,016 | +$33,198 +3.8% up $33,198, 3.8% versus January 2023 | $916,000 | 86.5% | 0.9 |
| Condo townhouse | 98 | +34 +53.1% up 34, 53.1% versus January 2023 | $769,184 | +$13,298 +1.8% up $13,298, 1.8% versus January 2023 | $761,500 | 59.8% | 1.8 |
| Condo apartment | 161 | +32 +24.8% up 32, 24.8% versus January 2023 | $598,206 | −$19,661 −3.2% down $19,661, 3.2% versus January 2023 | $580,000 | 53.1% | 2.5 |
| Link | 5 | +4 +400.0% up 4, 400.0% versus January 2023 | $979,000 | −$170,777 −14.9% down $170,777, 14.9% versus January 2023 | $860,000 | 166.7% | 0.2 |
| Co-op apartment | 1 | n/a not available, prior month not on file versus January 2023 | $370,000 | n/a not available, prior month not on file versus January 2023 | $370,000 | — | 0.0 |
| Detached condo | 1 | no change no change versus January 2023 | $730,000 | −$420,000 −36.5% down $420,000, 36.5% versus January 2023 | $730,000 | 33.3% | 3.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 398.2 | $1,034,400 | −20.7% down 20.7% |
| Single-family detached | 358.5 | $1,312,400 | −22.4% down 22.4% |
| Single-family attached | 361.5 | $964,600 | −22.4% down 22.4% |
| Townhouse | 371.5 | $785,800 | −14.8% down 14.8% |
| Apartment | 360.9 | $618,200 | −12.8% down 12.8% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Mississauga +9.7% up 9.7%
- Brampton +2.6% up 2.6%
- Caledon −25.1% down 25.1%
Bottom 5
- Caledon −25.1% down 25.1%
- Brampton +2.6% up 2.6%
- Mississauga +9.7% up 9.7%
Sales, month-over-month
Top 5
- Caledon +139.3% up 139.3%
- Mississauga +46.2% up 46.2%
- Brampton +33.6% up 33.6%
Bottom 5
- Brampton +33.6% up 33.6%
- Mississauga +46.2% up 46.2%
- Caledon +139.3% up 139.3%
Peel Region
Caledon
Caledon, Peel Region
$1,184,146
−$397,425 −25.1% down $397,425, 25.1% versus January 2023
- Sales
- 67
- SP/LP
- 96%
- DOM
- 31
- SNLR
- 59.3%
Brampton
Brampton, Peel Region
$1,028,192
+$26,174 +2.6% up $26,174, 2.6% versus January 2023
- Sales
- 382
- SP/LP
- 98%
- DOM
- 23
- SNLR
- 62.6%
Mississauga
Mississauga, Peel Region
$1,009,803
+$89,216 +9.7% up $89,216, 9.7% versus January 2023
- Sales
- 383
- SP/LP
- 98%
- DOM
- 24
- SNLR
- 56.2%
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 | 67 | +39 +139.3% up 39, 139.3% versus January 2023 | $79.3M | $1,184,146 | −$397,425 −25.1% down $397,425, 25.1% versus January 2023 | $1,093,000 | 113 | 186 | 96% | 31 | 44 | 59.3% | 2.8 |
| Brampton Brampton, Peel Region | 382 | +96 +33.6% up 96, 33.6% versus January 2023 | $392.8M | $1,028,192 | +$26,174 +2.6% up $26,174, 2.6% versus January 2023 | $955,000 | 610 | 635 | 98% | 23 | 32 | 62.6% | 1.7 |
| Mississauga Mississauga, Peel Region | 383 | +121 +46.2% up 121, 46.2% versus January 2023 | $386.8M | $1,009,803 | +$89,216 +9.7% up $89,216, 9.7% versus January 2023 | $880,000 | 681 | 768 | 98% | 24 | 36 | 56.2% | 2.0 |