Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,050,925
MoM −$28,628 −2.7% down $28,628, 2.7% versus July 2023 YoY −1.1% down 1.1% versus August 2022
Source: TRREB MarketWatch, August 2023
3 areas
Peel Region
August 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 −$45,000 −4.5% down $45,000, 4.5% versus July 2023 YoY −2.1% down 2.1% versus August 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,085,500
MoM −$22,700 −2.0% down $22,700, 2.0% versus July 2023 YoY +0.6% up 0.6% versus August 2022
Sales — Firm transactions reported through the MLS® System during the month.
974
MoM +81 +9.1% up 81, 9.1% versus July 2023 YoY −7.9% down 7.9% versus August 2022
Dollar volume — Total value of all sales in the month.
$1.02B
MoM +$59,560,549 +6.2% up $59,560,549, 6.2% versus July 2023 YoY −9.0% down 9.0% versus August 2022
New listings — Properties newly listed during the month.
2,538
MoM −233 −8.4% down 233, 8.4% versus July 2023 YoY +19.9% up 19.9% versus August 2022
Active listings — Listings available at month end.
3,098
MoM +49 +1.6% up 49, 1.6% versus July 2023 YoY +17.1% up 17.1% versus August 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
20
MoM +3 days +17.6% up 3 days, 17.6% versus July 2023 YoY −9.1% down 9.1% versus August 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
30
MoM +6 days +25.0% up 6 days, 25.0% versus July 2023 YoY −14.3% down 14.3% versus August 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
99%
MoM −1.0 pp −1.0% down 1.0 pp, 1.0% versus July 2023 YoY +2.1% up 2.1% versus August 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
38.4%
MoM +6.2 pp +19.1% up 6.2 pp, 19.1% versus July 2023 YoY −23.2% down 23.2% versus August 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.
3.2
MoM −0 −6.8% down 0, 6.8% versus July 2023 YoY +27.2% up 27.2% versus August 2022
Trend
13 months to August 2023
Average price
| Month | Average price |
|---|---|
| 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 |
| Aug '23 | 1050925 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Aug '23 | 974 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 974 | +81 +9.1% up 81, 9.1% versus July 2023 | $1,050,925 | −$28,628 −2.7% down $28,628, 2.7% versus July 2023 | $950,000 | 38.4% | 3.2 |
| Detached | 401 | +3 +0.8% up 3, 0.8% versus July 2023 | $1,390,710 | +$3,164 +0.2% up $3,164, 0.2% versus July 2023 | $1,230,000 | 34.0% | 3.9 |
| Semi-detached | 159 | +24 +17.8% up 24, 17.8% versus July 2023 | $988,140 | −$14,232 −1.4% down $14,232, 1.4% versus July 2023 | $970,000 | 46.0% | 2.0 |
| Att/row/townhouse | 91 | +14 +18.2% up 14, 18.2% versus July 2023 | $907,402 | −$39,138 −4.1% down $39,138, 4.1% versus July 2023 | $905,000 | 38.7% | 2.6 |
| Condo townhouse | 124 | +11 +9.7% up 11, 9.7% versus July 2023 | $807,748 | +$15,549 +2.0% up $15,549, 2.0% versus July 2023 | $785,000 | 42.9% | 2.6 |
| Condo apartment | 193 | +29 +17.7% up 29, 17.7% versus July 2023 | $618,549 | −$39,262 −6.0% down $39,262, 6.0% versus July 2023 | $595,000 | 40.5% | 3.4 |
| Link | 2 | −1 −33.3% down 1, 33.3% versus July 2023 | $1,005,000 | +$100,667 +11.1% up $100,667, 11.1% versus July 2023 | $1,005,000 | 40.0% | 2.0 |
| Detached condo | 4 | +1 +33.3% up 1, 33.3% versus July 2023 | $1,171,975 | +$11,675 +1.0% up $11,675, 1.0% versus July 2023 | $1,120,000 | 80.0% | 1.3 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 378.5 | $1,085,500 | +0.6% up 0.6% |
| Single-family detached | 380.9 | $1,395,800 | +1.4% up 1.4% |
| Single-family attached | 386.9 | $1,013,000 | +1.8% up 1.8% |
| Townhouse | 398.2 | $838,200 | +1.3% up 1.3% |
| Apartment | 379.8 | $620,900 | −2.6% down 2.6% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Mississauga −0.0% down 0.0%
- Brampton −3.6% down 3.6%
- Caledon −3.8% down 3.8%
Bottom 5
- Caledon −3.8% down 3.8%
- Brampton −3.6% down 3.6%
- Mississauga −0.0% down 0.0%
Sales, month-over-month
Top 5
- Brampton +17.1% up 17.1%
- Mississauga +8.6% up 8.6%
- Caledon −32.3% down 32.3%
Bottom 5
- Caledon −32.3% down 32.3%
- Mississauga +8.6% up 8.6%
- Brampton +17.1% up 17.1%
Peel Region
Caledon
Caledon, Peel Region
$1,337,670
−$52,184 −3.8% down $52,184, 3.8% versus July 2023
- Sales
- 44
- SP/LP
- 96%
- DOM
- 25
- SNLR
- 24.7%
Mississauga
Mississauga, Peel Region
$1,057,232
−$408 −0.0% down $408, 0.0% versus July 2023
- Sales
- 505
- SP/LP
- 99%
- DOM
- 20
- SNLR
- 43.6%
Brampton
Brampton, Peel Region
$1,013,744
−$38,315 −3.6% down $38,315, 3.6% versus July 2023
- Sales
- 425
- SP/LP
- 100%
- DOM
- 20
- SNLR
- 35.4%
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 | 44 | −21 −32.3% down 21, 32.3% versus July 2023 | $58.9M | $1,337,670 | −$52,184 −3.8% down $52,184, 3.8% versus July 2023 | $1,105,000 | 178 | 292 | 96% | 25 | 32 | 24.7% | 6.6 |
| Mississauga Mississauga, Peel Region | 505 | +40 +8.6% up 40, 8.6% versus July 2023 | $533.9M | $1,057,232 | −$408 −0.0% down $408, 0.0% versus July 2023 | $947,500 | 1,158 | 1,387 | 99% | 20 | 30 | 43.6% | 2.8 |
| Brampton Brampton, Peel Region | 425 | +62 +17.1% up 62, 17.1% versus July 2023 | $430.8M | $1,013,744 | −$38,315 −3.6% down $38,315, 3.6% versus July 2023 | $940,000 | 1,202 | 1,419 | 100% | 20 | 31 | 35.4% | 3.3 |