Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,024,926
MoM +$4,739 +0.5% up $4,739, 0.5% versus December 2023 YoY +3.2% up 3.2% versus January 2023
Source: TRREB MarketWatch, January 2024
3 areas
Peel Region
January 2024
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$940,786
MoM +$40,786 +4.5% up $40,786, 4.5% versus December 2023 YoY +3.8% up 3.8% versus January 2023
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,017,700
MoM +$6,500 +0.6% up $6,500, 0.6% versus December 2023 YoY +0.4% up 0.4% versus January 2023
Sales — Firm transactions reported through the MLS® System during the month.
829
MoM +210 +33.9% up 210, 33.9% versus December 2023 YoY +43.9% up 43.9% versus January 2023
Dollar volume — Total value of all sales in the month.
$849.7M
MoM +$218,167,339 +34.5% up $218,167,339, 34.5% versus December 2023 YoY +48.5% up 48.5% versus January 2023
New listings — Properties newly listed during the month.
1,426
MoM +644 +82.4% up 644, 82.4% versus December 2023 YoY +4.9% up 4.9% versus January 2023
Active listings — Listings available at month end.
1,734
MoM −193 −10.0% down 193, 10.0% versus December 2023 YoY +8.0% up 8.0% versus January 2023
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
34
MoM +2 days +6.3% up 2 days, 6.3% versus December 2023 YoY +25.9% up 25.9% versus January 2023
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
55
MoM +6 days +12.2% up 6 days, 12.2% versus December 2023 YoY +31.0% up 31.0% versus January 2023
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 December 2023 YoY +1.0% up 1.0% versus January 2023
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
58.1%
MoM −21.0 pp −26.6% down 21.0 pp, 26.6% versus December 2023 YoY +37.2% up 37.2% versus January 2023
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.
2.1
MoM −1 −32.8% down 1, 32.8% versus December 2023 YoY −25.0% down 25.0% versus January 2023
Trend
13 months to January 2024
Average price
| Month | Average price |
|---|---|
| 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 |
| Oct '23 | 1080216 |
| Nov '23 | 1031654 |
| Dec '23 | 1020187 |
| Jan '24 | 1024926 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Oct '23 | 807 |
| Nov '23 | 728 |
| Dec '23 | 619 |
| Jan '24 | 829 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 829 | +210 +33.9% up 210, 33.9% versus December 2023 | $1,024,926 | +$4,739 +0.5% up $4,739, 0.5% versus December 2023 | $940,786 | 58.1% | 2.1 |
| Detached | 360 | +78 +27.7% up 78, 27.7% versus December 2023 | $1,336,360 | +$17,547 +1.3% up $17,547, 1.3% versus December 2023 | $1,225,000 | 56.4% | 2.1 |
| Semi-detached | 130 | +30 +30.0% up 30, 30.0% versus December 2023 | $947,755 | +$27,511 +3.0% up $27,511, 3.0% versus December 2023 | $945,000 | 88.4% | 0.9 |
| Att/row/townhouse | 103 | +43 +71.7% up 43, 71.7% versus December 2023 | $885,117 | +$44,616 +5.3% up $44,616, 5.3% versus December 2023 | $870,000 | 93.6% | 0.9 |
| Condo townhouse | 82 | +5 +6.5% up 5, 6.5% versus December 2023 | $763,484 | +$28,195 +3.8% up $28,195, 3.8% versus December 2023 | $737,469 | 47.7% | 2.8 |
| Condo apartment | 149 | +50 +50.5% up 50, 50.5% versus December 2023 | $584,501 | −$19,631 −3.2% down $19,631, 3.2% versus December 2023 | $567,500 | 42.0% | 3.6 |
| Link | 4 | +3 +300.0% up 3, 300.0% versus December 2023 | $944,375 | +$234,375 +33.0% up $234,375, 33.0% versus December 2023 | $920,000 | 133.3% | 0.8 |
| Detached condo | 1 | n/a not available, prior month not on file versus December 2023 | $725,000 | n/a not available, prior month not on file versus December 2023 | $725,000 | 100.0% | 6.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 354.8 | $1,017,700 | +0.4% up 0.4% |
| Single-family detached | 356.6 | $1,306,500 | +1.8% up 1.8% |
| Single-family attached | 365.6 | $957,200 | +1.0% up 1.0% |
| Townhouse | 373.4 | $786,100 | +0.5% up 0.5% |
| Apartment | 360.6 | $589,500 | −1.8% down 1.8% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Mississauga +10.2% up 10.2%
- Brampton −0.5% down 0.5%
- Caledon −34.5% down 34.5%
Bottom 5
- Caledon −34.5% down 34.5%
- Brampton −0.5% down 0.5%
- Mississauga +10.2% up 10.2%
Sales, month-over-month
Top 5
- Caledon +48.7% up 48.7%
- Brampton +33.9% up 33.9%
- Mississauga +31.9% up 31.9%
Bottom 5
- Mississauga +31.9% up 31.9%
- Brampton +33.9% up 33.9%
- Caledon +48.7% up 48.7%
Peel Region
Caledon
Caledon, Peel Region
$1,159,912
−$611,821 −34.5% down $611,821, 34.5% versus December 2023
- Sales
- 58
- SP/LP
- 98%
- DOM
- 30
- SNLR
- 46.8%
Mississauga
Mississauga, Peel Region
$1,048,658
+$97,050 +10.2% up $97,050, 10.2% versus December 2023
- Sales
- 376
- SP/LP
- 97%
- DOM
- 36
- SNLR
- 56.3%
Brampton
Brampton, Peel Region
$982,514
−$4,571 −0.5% down $4,571, 0.5% versus December 2023
- Sales
- 395
- SP/LP
- 99%
- DOM
- 33
- SNLR
- 62.3%
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 | 58 | +19 +48.7% up 19, 48.7% versus December 2023 | $67.3M | $1,159,912 | −$611,821 −34.5% down $611,821, 34.5% versus December 2023 | $1,100,000 | 124 | 180 | 98% | 30 | 54 | 46.8% | 3.1 |
| Mississauga Mississauga, Peel Region | 376 | +91 +31.9% up 91, 31.9% versus December 2023 | $394.3M | $1,048,658 | +$97,050 +10.2% up $97,050, 10.2% versus December 2023 | $925,000 | 668 | 890 | 97% | 36 | 57 | 56.3% | 2.4 |
| Brampton Brampton, Peel Region | 395 | +100 +33.9% up 100, 33.9% versus December 2023 | $388.1M | $982,514 | −$4,571 −0.5% down $4,571, 0.5% versus December 2023 | $935,000 | 634 | 664 | 99% | 33 | 52 | 62.3% | 1.7 |