Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,049,968
MoM −$957 −0.1% down $957, 0.1% versus August 2023 YoY +0.5% up 0.5% versus September 2022
Source: TRREB MarketWatch, September 2023
3 areas
Peel Region
September 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.
$978,000
MoM +$28,000 +2.9% up $28,000, 2.9% versus August 2023 YoY +2.2% up 2.2% versus September 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,074,000
MoM −$11,500 −1.1% down $11,500, 1.1% versus August 2023 YoY +1.6% up 1.6% versus September 2022
Sales — Firm transactions reported through the MLS® System during the month.
808
MoM −166 −17.0% down 166, 17.0% versus August 2023 YoY −13.7% down 13.7% versus September 2022
Dollar volume — Total value of all sales in the month.
$848.4M
MoM −$175,227,398 −17.1% down $175,227,398, 17.1% versus August 2023 YoY −13.2% down 13.2% versus September 2022
New listings — Properties newly listed during the month.
2,938
MoM +400 +15.8% up 400, 15.8% versus August 2023 YoY +47.5% up 47.5% versus September 2022
Active listings — Listings available at month end.
3,557
MoM +459 +14.8% up 459, 14.8% versus August 2023 YoY +42.1% up 42.1% versus September 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
21
MoM +1 day +5.0% up 1 day, 5.0% versus August 2023 YoY −12.5% down 12.5% versus September 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
33
MoM +3 days +10.0% up 3 days, 10.0% versus August 2023 YoY −10.8% down 10.8% versus September 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
99%
MoM no change no change versus August 2023 YoY +2.1% up 2.1% versus September 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
27.5%
MoM −10.9 pp −28.3% down 10.9 pp, 28.3% versus August 2023 YoY −41.5% down 41.5% versus September 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.
4.4
MoM +1 +38.4% up 1, 38.4% versus August 2023 YoY +64.6% up 64.6% versus September 2022
Trend
13 months to September 2023
Average price
| Month | Average price |
|---|---|
| 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 |
| Sep '23 | 1049968 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Sep '23 | 808 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 808 | −166 −17.0% down 166, 17.0% versus August 2023 | $1,049,968 | −$957 −0.1% down $957, 0.1% versus August 2023 | $978,000 | 27.5% | 4.4 |
| Detached | 390 | −11 −2.7% down 11, 2.7% versus August 2023 | $1,317,159 | −$73,551 −5.3% down $73,551, 5.3% versus August 2023 | $1,226,250 | 27.1% | 4.5 |
| Semi-detached | 110 | −49 −30.8% down 49, 30.8% versus August 2023 | $982,837 | −$5,303 −0.5% down $5,303, 0.5% versus August 2023 | $975,000 | 32.3% | 3.3 |
| Att/row/townhouse | 58 | −33 −36.3% down 33, 36.3% versus August 2023 | $909,774 | +$2,372 +0.3% up $2,372, 0.3% versus August 2023 | $902,500 | 22.9% | 4.8 |
| Condo townhouse | 93 | −31 −25.0% down 31, 25.0% versus August 2023 | $773,098 | −$34,650 −4.3% down $34,650, 4.3% versus August 2023 | $761,000 | 27.6% | 4.4 |
| Condo apartment | 150 | −43 −22.3% down 43, 22.3% versus August 2023 | $632,590 | +$14,041 +2.3% up $14,041, 2.3% versus August 2023 | $593,000 | 27.3% | 4.8 |
| Link | 5 | +3 +150.0% up 3, 150.0% versus August 2023 | $1,023,220 | +$18,220 +1.8% up $18,220, 1.8% versus August 2023 | $1,000,100 | 41.7% | 1.6 |
| Detached condo | 2 | −2 −50.0% down 2, 50.0% versus August 2023 | $950,000 | −$221,975 −18.9% down $221,975, 18.9% versus August 2023 | $950,000 | 50.0% | 2.5 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 374.5 | $1,074,000 | +1.6% up 1.6% |
| Single-family detached | 376.5 | $1,379,500 | +2.8% up 2.8% |
| Single-family attached | 383.6 | $1,004,300 | +2.2% up 2.2% |
| Townhouse | 396.9 | $835,500 | +3.2% up 3.2% |
| Apartment | 377.8 | $617,700 | −2.0% down 2.0% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Brampton +2.8% up 2.8%
- Caledon +2.0% up 2.0%
- Mississauga −3.4% down 3.4%
Bottom 5
- Mississauga −3.4% down 3.4%
- Caledon +2.0% up 2.0%
- Brampton +2.8% up 2.8%
Sales, month-over-month
Top 5
- Caledon +2.3% up 2.3%
- Brampton −11.3% down 11.3%
- Mississauga −23.6% down 23.6%
Bottom 5
- Mississauga −23.6% down 23.6%
- Brampton −11.3% down 11.3%
- Caledon +2.3% up 2.3%
Peel Region
Caledon
Caledon, Peel Region
$1,363,853
+$26,183 +2.0% up $26,183, 2.0% versus August 2023
- Sales
- 45
- SP/LP
- 96%
- DOM
- 27
- SNLR
- 18.0%
Brampton
Brampton, Peel Region
$1,041,829
+$28,085 +2.8% up $28,085, 2.8% versus August 2023
- Sales
- 377
- SP/LP
- 99%
- DOM
- 22
- SNLR
- 30.3%
Mississauga
Mississauga, Peel Region
$1,021,324
−$35,908 −3.4% down $35,908, 3.4% versus August 2023
- Sales
- 386
- SP/LP
- 99%
- DOM
- 20
- 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 | 45 | +1 +2.3% up 1, 2.3% versus August 2023 | $61.4M | $1,363,853 | +$26,183 +2.0% up $26,183, 2.0% versus August 2023 | $1,315,000 | 250 | 361 | 96% | 27 | 34 | 18.0% | 8.0 |
| Brampton Brampton, Peel Region | 377 | −48 −11.3% down 48, 11.3% versus August 2023 | $392.8M | $1,041,829 | +$28,085 +2.8% up $28,085, 2.8% versus August 2023 | $990,000 | 1,245 | 1,488 | 99% | 22 | 35 | 30.3% | 4.0 |
| Mississauga Mississauga, Peel Region | 386 | −119 −23.6% down 119, 23.6% versus August 2023 | $394.2M | $1,021,324 | −$35,908 −3.4% down $35,908, 3.4% versus August 2023 | $940,000 | 1,443 | 1,708 | 99% | 20 | 32 | 26.8% | 4.4 |