Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,071,480
MoM −$34,566 −3.1% down $34,566, 3.1% versus April 2024 YoY −6.2% down 6.2% versus May 2023
Source: TRREB MarketWatch, May 2024
3 areas
Peel Region
May 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.
$985,000
MoM −$10,000 −1.0% down $10,000, 1.0% versus April 2024 YoY −7.3% down 7.3% versus May 2023
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,055,500
MoM −$6,500 −0.6% down $6,500, 0.6% versus April 2024 YoY −4.9% down 4.9% versus May 2023
Sales — Firm transactions reported through the MLS® System during the month.
1,197
MoM −24 −2.0% down 24, 2.0% versus April 2024 YoY −28.9% down 28.9% versus May 2023
Dollar volume — Total value of all sales in the month.
$1.28B
MoM −$67,920,415 −5.0% down $67,920,415, 5.0% versus April 2024 YoY −33.3% down 33.3% versus May 2023
New listings — Properties newly listed during the month.
3,341
MoM +296 +9.7% up 296, 9.7% versus April 2024 YoY +14.2% up 14.2% versus May 2023
Active listings — Listings available at month end.
3,820
MoM +645 +20.3% up 645, 20.3% versus April 2024 YoY +81.6% up 81.6% versus May 2023
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
19
MoM −1 day −5.0% down 1 day, 5.0% versus April 2024 YoY +46.2% up 46.2% versus May 2023
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
29
MoM no change no change versus April 2024 YoY +61.1% up 61.1% versus May 2023
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
100%
MoM no change no change versus April 2024 YoY −3.8% down 3.8% versus May 2023
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
35.8%
MoM −4.3 pp −10.7% down 4.3 pp, 10.7% versus April 2024 YoY −37.7% down 37.7% versus May 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.
3.2
MoM +1 +22.7% up 1, 22.7% versus April 2024 YoY +155.3% up 155.3% versus May 2023
Trend
13 months to May 2024
Average price
| Month | Average price |
|---|---|
| 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 |
| Mar '24 | 1062171 |
| Apr '24 | 1106046 |
| May '24 | 1071480 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Mar '24 | 1161 |
| Apr '24 | 1221 |
| May '24 | 1197 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 1,197 | −24 −2.0% down 24, 2.0% versus April 2024 | $1,071,480 | −$34,566 −3.1% down $34,566, 3.1% versus April 2024 | $985,000 | 35.8% | 3.2 |
| Detached | 576 | +10 +1.8% up 10, 1.8% versus April 2024 | $1,362,473 | −$75,410 −5.2% down $75,410, 5.2% versus April 2024 | $1,265,500 | 34.7% | 3.3 |
| Semi-detached | 155 | −39 −20.1% down 39, 20.1% versus April 2024 | $972,279 | −$31,187 −3.1% down $31,187, 3.1% versus April 2024 | $970,000 | 41.5% | 2.1 |
| Att/row/townhouse | 97 | +3 +3.2% up 3, 3.2% versus April 2024 | $914,035 | −$21,454 −2.3% down $21,454, 2.3% versus April 2024 | $910,000 | 35.3% | 2.9 |
| Condo townhouse | 148 | +3 +2.1% up 3, 2.1% versus April 2024 | $787,024 | +$486 +0.1% up $486, 0.1% versus April 2024 | $757,500 | 35.4% | 2.9 |
| Condo apartment | 212 | −3 −1.4% down 3, 1.4% versus April 2024 | $630,104 | +$17,662 +2.9% up $17,662, 2.9% versus April 2024 | $585,000 | 35.4% | 3.9 |
| Link | 6 | +1 +20.0% up 1, 20.0% versus April 2024 | $1,026,667 | −$5,133 −0.5% down $5,133, 0.5% versus April 2024 | $992,250 | 60.0% | 1.3 |
| Detached condo | 2 | no change no change versus April 2024 | $933,250 | −$641,750 −40.7% down $641,750, 40.7% versus April 2024 | $933,250 | 66.7% | 3.5 |
| Co-ownership apartment | 1 | n/a not available, prior month not on file versus April 2024 | $325,000 | n/a not available, prior month not on file versus April 2024 | $325,000 | — | 0.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 368.3 | $1,055,500 | −4.9% down 4.9% |
| Single-family detached | 375.9 | $1,359,200 | −4.0% down 4.0% |
| Single-family attached | 379.5 | $988,300 | −5.2% down 5.2% |
| Townhouse | 386.5 | $812,100 | −2.3% down 2.3% |
| Apartment | 372.6 | $604,300 | −2.0% down 2.0% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Brampton −2.3% down 2.3%
- Mississauga −2.7% down 2.7%
- Caledon −9.2% down 9.2%
Bottom 5
- Caledon −9.2% down 9.2%
- Mississauga −2.7% down 2.7%
- Brampton −2.3% down 2.3%
Sales, month-over-month
Top 5
- Mississauga +3.3% up 3.3%
- Brampton −6.4% down 6.4%
- Caledon −12.4% down 12.4%
Bottom 5
- Caledon −12.4% down 12.4%
- Brampton −6.4% down 6.4%
- Mississauga +3.3% up 3.3%
Peel Region
Caledon
Caledon, Peel Region
$1,298,078
−$131,280 −9.2% down $131,280, 9.2% versus April 2024
- Sales
- 78
- SP/LP
- 98%
- DOM
- 25
- SNLR
- 30.2%
Mississauga
Mississauga, Peel Region
$1,096,142
−$29,918 −2.7% down $29,918, 2.7% versus April 2024
- Sales
- 635
- SP/LP
- 100%
- DOM
- 19
- SNLR
- 38.0%
Brampton
Brampton, Peel Region
$1,002,608
−$23,974 −2.3% down $23,974, 2.3% versus April 2024
- Sales
- 484
- SP/LP
- 100%
- DOM
- 18
- SNLR
- 34.3%
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 | 78 | −11 −12.4% down 11, 12.4% versus April 2024 | $101.3M | $1,298,078 | −$131,280 −9.2% down $131,280, 9.2% versus April 2024 | $1,195,000 | 258 | 371 | 98% | 25 | 37 | 30.2% | 4.8 |
| Mississauga Mississauga, Peel Region | 635 | +20 +3.3% up 20, 3.3% versus April 2024 | $696.0M | $1,096,142 | −$29,918 −2.7% down $29,918, 2.7% versus April 2024 | $995,000 | 1,671 | 1,846 | 100% | 19 | 28 | 38.0% | 2.9 |
| Brampton Brampton, Peel Region | 484 | −33 −6.4% down 33, 6.4% versus April 2024 | $485.3M | $1,002,608 | −$23,974 −2.3% down $23,974, 2.3% versus April 2024 | $963,250 | 1,412 | 1,603 | 100% | 18 | 29 | 34.3% | 3.3 |