Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$861,537
MoM +$77,197 +9.8% up $77,197, 9.8% versus January 2020 YoY +20.9% up 20.9% versus February 2019
Source: TRREB MarketWatch, February 2020
3 areas
Peel Region
February 2020
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$790,000
MoM +$60,000 +8.2% up $60,000, 8.2% versus January 2020 YoY +18.4% up 18.4% versus February 2019
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$785,400
MoM +$17,900 +2.3% up $17,900, 2.3% versus January 2020 YoY +12.0% up 12.0% versus February 2019
Sales — Firm transactions reported through the MLS® System during the month.
1,516
MoM +511 +50.8% up 511, 50.8% versus January 2020 YoY +43.7% up 43.7% versus February 2019
Dollar volume — Total value of all sales in the month.
$1.31B
MoM +$517,828,059 +65.7% up $517,828,059, 65.7% versus January 2020 YoY +73.7% up 73.7% versus February 2019
New listings — Properties newly listed during the month.
2,127
MoM +585 +37.9% up 585, 37.9% versus January 2020 YoY +18.1% up 18.1% versus February 2019
Active listings — Listings available at month end.
1,408
MoM +212 +17.7% up 212, 17.7% versus January 2020 YoY −31.4% down 31.4% versus February 2019
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
13
MoM −9 days −40.9% down 9 days, 40.9% versus January 2020 YoY n/a not available, prior month not on file versus February 2019
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
19
MoM −10 days −34.5% down 10 days, 34.5% versus January 2020 YoY n/a not available, prior month not on file versus February 2019
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
102%
MoM +2.0 pp +2.0% up 2.0 pp, 2.0% versus January 2020 YoY +4.1% up 4.1% versus February 2019
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
71.3%
MoM +6.1 pp +9.4% up 6.1 pp, 9.4% versus January 2020 YoY +21.7% up 21.7% versus February 2019
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.
0.9
MoM −0 −22.0% down 0, 22.0% versus January 2020 YoY −52.2% down 52.2% versus February 2019
Trend
13 months to February 2020
Average price
| Month | Average price |
|---|---|
| Feb '19 | 712623 |
| Mar '19 | 734417 |
| Apr '19 | 752576 |
| May '19 | 754155 |
| Jun '19 | 758444 |
| Jul '19 | 761487 |
| Aug '19 | 745901 |
| Sep '19 | 764232 |
| Oct '19 | 790406 |
| Nov '19 | 769434 |
| Dec '19 | 781973 |
| Jan '20 | 784340 |
| Feb '20 | 861537 |
Sales
| Month | Sales |
|---|---|
| Feb '19 | 1055 |
| Mar '19 | 1537 |
| Apr '19 | 1925 |
| May '19 | 2162 |
| Jun '19 | 1902 |
| Jul '19 | 1809 |
| Aug '19 | 1709 |
| Sep '19 | 1631 |
| Oct '19 | 1690 |
| Nov '19 | 1369 |
| Dec '19 | 920 |
| Jan '20 | 1005 |
| Feb '20 | 1516 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 1,516 | +511 +50.8% up 511, 50.8% versus January 2020 | $861,537 | +$77,197 +9.8% up $77,197, 9.8% versus January 2020 | $790,000 | 71.3% | 0.9 |
| Detached | 726 | +286 +65.0% up 286, 65.0% versus January 2020 | $1,073,866 | +$90,566 +9.2% up $90,566, 9.2% versus January 2020 | $980,000 | 66.3% | 1.2 |
| Semi-detached | 254 | +104 +69.3% up 104, 69.3% versus January 2020 | $774,353 | +$29,207 +3.9% up $29,207, 3.9% versus January 2020 | $760,000 | 80.1% | 0.5 |
| Att/row/townhouse | 146 | +52 +55.3% up 52, 55.3% versus January 2020 | $723,585 | +$16,000 +2.3% up $16,000, 2.3% versus January 2020 | $730,000 | 83.9% | 0.5 |
| Condo townhouse | 136 | +8 +6.3% up 8, 6.3% versus January 2020 | $640,631 | +$62,373 +10.8% up $62,373, 10.8% versus January 2020 | $629,000 | 68.3% | 0.9 |
| Condo apartment | 243 | +55 +29.3% up 55, 29.3% versus January 2020 | $528,851 | −$51 −0.0% down $51, 0.0% versus January 2020 | $519,900 | 73.9% | 0.8 |
| Link | 8 | +4 +100.0% up 4, 100.0% versus January 2020 | $801,013 | −$2,362 −0.3% down $2,362, 0.3% versus January 2020 | $822,000 | 61.5% | 0.8 |
| Co-op apartment | 1 | +1 up 1 versus January 2020 | $421,000 | +$421,000 up $421,000 versus January 2020 | $421,000 | — | 0.0 |
| Detached condo | 2 | +1 +100.0% up 1, 100.0% versus January 2020 | $834,000 | +$174,000 +26.4% up $174,000, 26.4% versus January 2020 | $834,000 | — | 0.0 |
| Co-ownership apartment | 0 | no change no change versus January 2020 | $0 | no change no change versus January 2020 | — | — | — |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 277 | $785,400 | +12.0% up 12.0% |
| Single-family detached | 267.6 | $944,800 | +10.7% up 10.7% |
| Single-family attached | 276.6 | $708,100 | +11.8% up 11.8% |
| Townhouse | 273 | $586,100 | +12.1% up 12.1% |
| Apartment | 297 | $509,200 | +16.0% up 16.0% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Mississauga +13.4% up 13.4%
- Brampton +8.1% up 8.1%
- Caledon −1.7% down 1.7%
Bottom 5
- Caledon −1.7% down 1.7%
- Brampton +8.1% up 8.1%
- Mississauga +13.4% up 13.4%
Sales, month-over-month
Top 5
- Mississauga +56.5% up 56.5%
- Brampton +47.0% up 47.0%
- Caledon +41.5% up 41.5%
Bottom 5
- Caledon +41.5% up 41.5%
- Brampton +47.0% up 47.0%
- Mississauga +56.5% up 56.5%
Peel Region
Caledon
Caledon, Peel Region
$972,052
−$17,111 −1.7% down $17,111, 1.7% versus January 2020
- Sales
- 75
- SP/LP
- 99%
- DOM
- 21
- SNLR
- 54.4%
Mississauga
Mississauga, Peel Region
$887,218
+$104,803 +13.4% up $104,803, 13.4% versus January 2020
- Sales
- 687
- SP/LP
- 101%
- DOM
- 15
- SNLR
- 71.3%
Brampton
Brampton, Peel Region
$827,144
+$62,318 +8.1% up $62,318, 8.1% versus January 2020
- Sales
- 754
- SP/LP
- 102%
- DOM
- 11
- SNLR
- 73.6%
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 | +22 +41.5% up 22, 41.5% versus January 2020 | $72.9M | $972,052 | −$17,111 −1.7% down $17,111, 1.7% versus January 2020 | $925,000 | 138 | 171 | 99% | 21 | 29 | 54.4% | 2.3 |
| Mississauga Mississauga, Peel Region | 687 | +248 +56.5% up 248, 56.5% versus January 2020 | $609.5M | $887,218 | +$104,803 +13.4% up $104,803, 13.4% versus January 2020 | $800,000 | 964 | 694 | 101% | 15 | 22 | 71.3% | 1.0 |
| Brampton Brampton, Peel Region | 754 | +241 +47.0% up 241, 47.0% versus January 2020 | $623.7M | $827,144 | +$62,318 +8.1% up $62,318, 8.1% versus January 2020 | $777,000 | 1,025 | 543 | 102% | 11 | 16 | 73.6% | 0.7 |