Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,079,553
MoM −$65,962 −5.8% down $65,962, 5.8% versus June 2023 YoY +1.2% up 1.2% versus July 2022
Source: TRREB MarketWatch, July 2023
3 areas
Peel Region
July 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.
$995,000
MoM −$40,000 −3.9% down $40,000, 3.9% versus June 2023 YoY +3.6% up 3.6% versus July 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,108,200
MoM −$10,500 −0.9% down $10,500, 0.9% versus June 2023 YoY −0.9% down 0.9% versus July 2022
Sales — Firm transactions reported through the MLS® System during the month.
893
MoM −490 −35.4% down 490, 35.4% versus June 2023 YoY +0.8% up 0.8% versus July 2022
Dollar volume — Total value of all sales in the month.
$964.0M
MoM −$620,207,041 −39.1% down $620,207,041, 39.1% versus June 2023 YoY +2.0% up 2.0% versus July 2022
New listings — Properties newly listed during the month.
2,771
MoM −395 −12.5% down 395, 12.5% versus June 2023 YoY +13.4% up 13.4% versus July 2022
Active listings — Listings available at month end.
3,049
MoM +390 +14.7% up 390, 14.7% versus June 2023 YoY +0.5% up 0.5% versus July 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
17
MoM +4 days +30.8% up 4 days, 30.8% versus June 2023 YoY −5.6% down 5.6% versus July 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
24
MoM +5 days +26.3% up 5 days, 26.3% versus June 2023 YoY −20.0% down 20.0% versus July 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
100%
MoM −2.0 pp −2.0% down 2.0 pp, 2.0% versus June 2023 YoY +3.1% up 3.1% versus July 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
32.2%
MoM −11.5 pp −26.2% down 11.5 pp, 26.2% versus June 2023 YoY −11.1% down 11.1% versus July 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.
3.4
MoM +1 +77.6% up 1, 77.6% versus June 2023 YoY −0.3% down 0.3% versus July 2022
Trend
13 months to July 2023
Average price
| Month | Average price |
|---|---|
| Jul '22 | 1066973 |
| Aug '22 | 1062984 |
| Sep '22 | 1044385 |
| Oct '22 | 1036140 |
| Nov '22 | 1039706 |
| Dec '22 | 989873 |
| Jan '23 | 993151 |
| Feb '23 | 1032286 |
| Mar '23 | 1053738 |
| Apr '23 | 1102352 |
| May '23 | 1142062 |
| Jun '23 | 1145515 |
| Jul '23 | 1079553 |
Sales
| Month | Sales |
|---|---|
| Jul '22 | 886 |
| Aug '22 | 1058 |
| Sep '22 | 936 |
| Oct '22 | 902 |
| Nov '22 | 748 |
| Dec '22 | 578 |
| Jan '23 | 576 |
| Feb '23 | 832 |
| Mar '23 | 1281 |
| Apr '23 | 1384 |
| May '23 | 1683 |
| Jun '23 | 1383 |
| Jul '23 | 893 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 893 | −490 −35.4% down 490, 35.4% versus June 2023 | $1,079,553 | −$65,962 −5.8% down $65,962, 5.8% versus June 2023 | $995,000 | 32.2% | 3.4 |
| Detached | 398 | −255 −39.1% down 255, 39.1% versus June 2023 | $1,387,546 | −$81,693 −5.6% down $81,693, 5.6% versus June 2023 | $1,270,000 | 30.1% | 3.8 |
| Semi-detached | 135 | −64 −32.2% down 64, 32.2% versus June 2023 | $1,002,372 | −$57,610 −5.4% down $57,610, 5.4% versus June 2023 | $980,000 | 35.6% | 2.5 |
| Att/row/townhouse | 77 | −42 −35.3% down 42, 35.3% versus June 2023 | $946,540 | −$10,026 −1.0% down $10,026, 1.0% versus June 2023 | $937,000 | 29.1% | 3.2 |
| Condo townhouse | 113 | −59 −34.3% down 59, 34.3% versus June 2023 | $792,199 | −$34,131 −4.1% down $34,131, 4.1% versus June 2023 | $782,500 | 37.7% | 2.8 |
| Condo apartment | 164 | −63 −27.8% down 63, 27.8% versus June 2023 | $657,811 | +$25,451 +4.0% up $25,451, 4.0% versus June 2023 | $599,000 | 33.5% | 3.8 |
| Link | 3 | −4 −57.1% down 4, 57.1% versus June 2023 | $904,333 | −$159,286 −15.0% down $159,286, 15.0% versus June 2023 | $840,000 | 100.0% | 1.0 |
| Detached condo | 3 | −3 −50.0% down 3, 50.0% versus June 2023 | $1,160,300 | +$2,453 +0.2% up $2,453, 0.2% versus June 2023 | $1,220,000 | 23.1% | 2.7 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 386.4 | $1,108,200 | −0.9% down 0.9% |
| Single-family detached | 388.7 | $1,424,200 | +0.1% up 0.1% |
| Single-family attached | 396.4 | $1,037,800 | +0.5% up 0.5% |
| Townhouse | 400.4 | $842,800 | −2.8% down 2.8% |
| Apartment | 384.8 | $629,200 | −3.9% down 3.9% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Mississauga −4.9% down 4.9%
- Brampton −5.6% down 5.6%
- Caledon −10.9% down 10.9%
Bottom 5
- Caledon −10.9% down 10.9%
- Brampton −5.6% down 5.6%
- Mississauga −4.9% down 4.9%
Sales, month-over-month
Top 5
- Mississauga −31.5% down 31.5%
- Caledon −35.0% down 35.0%
- Brampton −39.9% down 39.9%
Bottom 5
- Brampton −39.9% down 39.9%
- Caledon −35.0% down 35.0%
- Mississauga −31.5% down 31.5%
Peel Region
Caledon
Caledon, Peel Region
$1,389,854
−$170,291 −10.9% down $170,291, 10.9% versus June 2023
- Sales
- 65
- SP/LP
- 98%
- DOM
- 23
- SNLR
- 35.1%
Mississauga
Mississauga, Peel Region
$1,057,640
−$54,891 −4.9% down $54,891, 4.9% versus June 2023
- Sales
- 465
- SP/LP
- 100%
- DOM
- 17
- SNLR
- 37.8%
Brampton
Brampton, Peel Region
$1,052,059
−$61,889 −5.6% down $61,889, 5.6% versus June 2023
- Sales
- 363
- SP/LP
- 101%
- DOM
- 15
- SNLR
- 26.8%
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 | 65 | −35 −35.0% down 35, 35.0% versus June 2023 | $90.3M | $1,389,854 | −$170,291 −10.9% down $170,291, 10.9% versus June 2023 | $1,310,000 | 185 | 272 | 98% | 23 | 34 | 35.1% | 4.2 |
| Mississauga Mississauga, Peel Region | 465 | −214 −31.5% down 214, 31.5% versus June 2023 | $491.8M | $1,057,640 | −$54,891 −4.9% down $54,891, 4.9% versus June 2023 | $957,860 | 1,229 | 1,376 | 100% | 17 | 24 | 37.8% | 3.0 |
| Brampton Brampton, Peel Region | 363 | −241 −39.9% down 241, 39.9% versus June 2023 | $381.9M | $1,052,059 | −$61,889 −5.6% down $61,889, 5.6% versus June 2023 | $980,000 | 1,357 | 1,401 | 101% | 15 | 22 | 26.8% | 3.9 |