Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,037,245
MoM +$12,319 +1.2% up $12,319, 1.2% versus January 2024 YoY +0.5% up 0.5% versus February 2023
Source: TRREB MarketWatch, February 2024
3 areas
Peel Region
February 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.
$975,000
MoM +$34,214 +3.6% up $34,214, 3.6% versus January 2024 YoY +2.6% up 2.6% versus February 2023
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,032,200
MoM +$14,500 +1.4% up $14,500, 1.4% versus January 2024 YoY +0.7% up 0.7% versus February 2023
Sales — Firm transactions reported through the MLS® System during the month.
995
MoM +166 +20.0% up 166, 20.0% versus January 2024 YoY +19.6% up 19.6% versus February 2023
Dollar volume — Total value of all sales in the month.
$1.03B
MoM +$182,395,209 +21.5% up $182,395,209, 21.5% versus January 2024 YoY +20.2% up 20.2% versus February 2023
New listings — Properties newly listed during the month.
2,009
MoM +583 +40.9% up 583, 40.9% versus January 2024 YoY +43.1% up 43.1% versus February 2023
Active listings — Listings available at month end.
1,849
MoM +115 +6.6% up 115, 6.6% versus January 2024 YoY +16.4% up 16.4% versus February 2023
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
24
MoM −10 days −29.4% down 10 days, 29.4% versus January 2024 YoY no change no change versus February 2023
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
39
MoM −16 days −29.1% down 16 days, 29.1% versus January 2024 YoY +11.4% up 11.4% versus February 2023
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% up 1.0 pp, 1.0% versus January 2024 YoY +1.0% up 1.0% versus February 2023
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
49.5%
MoM −8.6 pp −14.8% down 8.6 pp, 14.8% versus January 2024 YoY −16.4% down 16.4% versus February 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.
1.9
MoM −0 −11.2% down 0, 11.2% versus January 2024 YoY −2.7% down 2.7% versus February 2023
Trend
13 months to February 2024
Average price
| Month | Average price |
|---|---|
| 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 |
| Feb '24 | 1037245 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Feb '24 | 995 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 995 | +166 +20.0% up 166, 20.0% versus January 2024 | $1,037,245 | +$12,319 +1.2% up $12,319, 1.2% versus January 2024 | $975,000 | 49.5% | 1.9 |
| Detached | 427 | +67 +18.6% up 67, 18.6% versus January 2024 | $1,351,394 | +$15,034 +1.1% up $15,034, 1.1% versus January 2024 | $1,272,500 | 47.1% | 1.8 |
| Semi-detached | 145 | +15 +11.5% up 15, 11.5% versus January 2024 | $998,160 | +$50,405 +5.3% up $50,405, 5.3% versus January 2024 | $985,000 | 63.9% | 0.8 |
| Att/row/townhouse | 81 | −22 −21.4% down 22, 21.4% versus January 2024 | $924,791 | +$39,674 +4.5% up $39,674, 4.5% versus January 2024 | $898,000 | 48.2% | 1.4 |
| Condo townhouse | 137 | +55 +67.1% up 55, 67.1% versus January 2024 | $774,348 | +$10,864 +1.4% up $10,864, 1.4% versus January 2024 | $762,000 | 52.7% | 2.0 |
| Condo apartment | 200 | +51 +34.2% up 51, 34.2% versus January 2024 | $620,532 | +$36,031 +6.2% up $36,031, 6.2% versus January 2024 | $586,500 | 46.0% | 2.8 |
| Link | 3 | −1 −25.0% down 1, 25.0% versus January 2024 | $936,667 | −$7,708 −0.8% down $7,708, 0.8% versus January 2024 | $974,500 | 150.0% | 0.3 |
| Detached condo | 2 | +1 +100.0% up 1, 100.0% versus January 2024 | $1,185,000 | +$460,000 +63.4% up $460,000, 63.4% versus January 2024 | $1,185,000 | 20.0% | 4.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 359.9 | $1,032,200 | +0.7% up 0.7% |
| Single-family detached | 363.4 | $1,331,500 | +2.0% up 2.0% |
| Single-family attached | 370.6 | $970,300 | +0.8% up 0.8% |
| Townhouse | 377.2 | $794,100 | +1.6% up 1.6% |
| Apartment | 359.9 | $588,400 | −2.2% down 2.2% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Caledon +13.6% up 13.6%
- Brampton +5.2% up 5.2%
- Mississauga −5.0% down 5.0%
Bottom 5
- Mississauga −5.0% down 5.0%
- Brampton +5.2% up 5.2%
- Caledon +13.6% up 13.6%
Sales, month-over-month
Top 5
- Caledon +29.3% up 29.3%
- Mississauga +26.3% up 26.3%
- Brampton +12.7% up 12.7%
Bottom 5
- Brampton +12.7% up 12.7%
- Mississauga +26.3% up 26.3%
- Caledon +29.3% up 29.3%
Peel Region
Caledon
Caledon, Peel Region
$1,318,013
+$158,101 +13.6% up $158,101, 13.6% versus January 2024
- Sales
- 75
- SP/LP
- 98%
- DOM
- 27
- SNLR
- 43.6%
Brampton
Brampton, Peel Region
$1,033,673
+$51,159 +5.2% up $51,159, 5.2% versus January 2024
- Sales
- 445
- SP/LP
- 100%
- DOM
- 22
- SNLR
- 49.9%
Mississauga
Mississauga, Peel Region
$996,259
−$52,399 −5.0% down $52,399, 5.0% versus January 2024
- Sales
- 475
- SP/LP
- 99%
- DOM
- 26
- SNLR
- 50.3%
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 | 75 | +17 +29.3% up 17, 29.3% versus January 2024 | $98.9M | $1,318,013 | +$158,101 +13.6% up $158,101, 13.6% versus January 2024 | $1,240,000 | 172 | 189 | 98% | 27 | 49 | 43.6% | 2.5 |
| Brampton Brampton, Peel Region | 445 | +50 +12.7% up 50, 12.7% versus January 2024 | $460.0M | $1,033,673 | +$51,159 +5.2% up $51,159, 5.2% versus January 2024 | $987,000 | 892 | 707 | 100% | 22 | 33 | 49.9% | 1.6 |
| Mississauga Mississauga, Peel Region | 475 | +99 +26.3% up 99, 26.3% versus January 2024 | $473.2M | $996,259 | −$52,399 −5.0% down $52,399, 5.0% versus January 2024 | $900,000 | 945 | 953 | 99% | 26 | 42 | 50.3% | 2.0 |