Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$902,257
MoM +$35,427 +4.1% up $35,427, 4.1% versus June 2020 YoY +18.5% up 18.5% versus July 2019
Source: TRREB MarketWatch, July 2020
3 areas
Peel Region
July 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.
$820,000
MoM +$30,350 +3.8% up $30,350, 3.8% versus June 2020 YoY +16.8% up 16.8% versus July 2019
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$816,200
MoM +$14,700 +1.8% up $14,700, 1.8% versus June 2020 YoY +10.9% up 10.9% versus July 2019
Sales — Firm transactions reported through the MLS® System during the month.
2,339
MoM +561 +31.6% up 561, 31.6% versus June 2020 YoY +29.3% up 29.3% versus July 2019
Dollar volume — Total value of all sales in the month.
$2.11B
MoM +$569,156,669 +36.9% up $569,156,669, 36.9% versus June 2020 YoY +53.2% up 53.2% versus July 2019
New listings — Properties newly listed during the month.
3,553
MoM +505 +16.6% up 505, 16.6% versus June 2020 YoY +22.6% up 22.6% versus July 2019
Active listings — Listings available at month end.
2,521
MoM +187 +8.0% up 187, 8.0% versus June 2020 YoY −16.1% down 16.1% versus July 2019
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
16
MoM no change no change versus June 2020 YoY n/a not available, prior month not on file versus July 2019
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
24
MoM −2 days −7.7% down 2 days, 7.7% versus June 2020 YoY n/a not available, prior month not on file versus July 2019
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
100%
MoM +1.0 pp +1.0% up 1.0 pp, 1.0% versus June 2020 YoY +2.0% up 2.0% versus July 2019
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
65.8%
MoM +7.5 pp +12.9% up 7.5 pp, 12.9% versus June 2020 YoY +5.4% up 5.4% versus July 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.
1.1
MoM −0 −17.9% down 0, 17.9% versus June 2020 YoY −35.1% down 35.1% versus July 2019
Trend
13 months to July 2020
Average price
| Month | Average price |
|---|---|
| Jul '19 | 761487 |
| Aug '19 | 745901 |
| Sep '19 | 764232 |
| Oct '19 | 790406 |
| Nov '19 | 769434 |
| Dec '19 | 781973 |
| Jan '20 | 784340 |
| Feb '20 | 861537 |
| Mar '20 | 840355 |
| Apr '20 | 802155 |
| May '20 | 807724 |
| Jun '20 | 866830 |
| Jul '20 | 902257 |
Sales
| Month | Sales |
|---|---|
| Jul '19 | 1809 |
| Aug '19 | 1709 |
| Sep '19 | 1631 |
| Oct '19 | 1690 |
| Nov '19 | 1369 |
| Dec '19 | 920 |
| Jan '20 | 1005 |
| Feb '20 | 1516 |
| Mar '20 | 1597 |
| Apr '20 | 520 |
| May '20 | 927 |
| Jun '20 | 1778 |
| Jul '20 | 2339 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 2,339 | +561 +31.6% up 561, 31.6% versus June 2020 | $902,257 | +$35,427 +4.1% up $35,427, 4.1% versus June 2020 | $820,000 | 65.8% | 1.1 |
| Detached | 1,217 | +353 +40.9% up 353, 40.9% versus June 2020 | $1,114,829 | +$51,385 +4.8% up $51,385, 4.8% versus June 2020 | $997,000 | 70.8% | 1.0 |
| Semi-detached | 368 | +70 +23.5% up 70, 23.5% versus June 2020 | $789,762 | +$14,572 +1.9% up $14,572, 1.9% versus June 2020 | $789,000 | 70.8% | 0.7 |
| Att/row/townhouse | 203 | +22 +12.2% up 22, 12.2% versus June 2020 | $725,636 | −$4,647 −0.6% down $4,647, 0.6% versus June 2020 | $723,000 | 65.3% | 1.0 |
| Condo townhouse | 231 | +14 +6.5% up 14, 6.5% versus June 2020 | $625,220 | −$14,309 −2.2% down $14,309, 2.2% versus June 2020 | $618,500 | 68.3% | 1.0 |
| Condo apartment | 305 | +100 +48.8% up 100, 48.8% versus June 2020 | $525,101 | −$11,948 −2.2% down $11,948, 2.2% versus June 2020 | $508,000 | 47.1% | 1.9 |
| Link | 13 | +4 +44.4% up 4, 44.4% versus June 2020 | $753,846 | +$18,846 +2.6% up $18,846, 2.6% versus June 2020 | $735,000 | 92.9% | 0.5 |
| Co-op apartment | 0 | no change no change versus June 2020 | $0 | no change no change versus June 2020 | — | — | — |
| Detached condo | 2 | −2 −50.0% down 2, 50.0% versus June 2020 | $657,500 | −$275,500 −29.5% down $275,500, 29.5% versus June 2020 | $657,500 | 50.0% | 1.5 |
| Co-ownership apartment | 0 | no change no change versus June 2020 | $0 | no change no change versus June 2020 | — | — | — |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 287.8 | $816,200 | +10.9% up 10.9% |
| Single-family detached | 275.8 | $976,800 | +9.6% up 9.6% |
| Single-family attached | 286.7 | $732,600 | +11.1% up 11.1% |
| Townhouse | 296.7 | $626,800 | +12.9% up 12.9% |
| Apartment | 306.8 | $526,000 | +13.6% up 13.6% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Caledon +6.7% up 6.7%
- Brampton +5.1% up 5.1%
- Mississauga +1.6% up 1.6%
Bottom 5
- Mississauga +1.6% up 1.6%
- Brampton +5.1% up 5.1%
- Caledon +6.7% up 6.7%
Sales, month-over-month
Top 5
- Caledon +48.8% up 48.8%
- Mississauga +33.3% up 33.3%
- Brampton +27.8% up 27.8%
Bottom 5
- Brampton +27.8% up 27.8%
- Mississauga +33.3% up 33.3%
- Caledon +48.8% up 48.8%
Peel Region
Caledon
Caledon, Peel Region
$1,142,430
+$71,740 +6.7% up $71,740, 6.7% versus June 2020
- Sales
- 183
- SP/LP
- 98%
- DOM
- 22
- SNLR
- 87.1%
Mississauga
Mississauga, Peel Region
$905,599
+$14,587 +1.6% up $14,587, 1.6% versus June 2020
- Sales
- 989
- SP/LP
- 99%
- DOM
- 17
- SNLR
- 60.4%
Brampton
Brampton, Peel Region
$861,763
+$42,051 +5.1% up $42,051, 5.1% versus June 2020
- Sales
- 1,167
- SP/LP
- 100%
- DOM
- 14
- SNLR
- 68.4%
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 | 183 | +60 +48.8% up 60, 48.8% versus June 2020 | $209.1M | $1,142,430 | +$71,740 +6.7% up $71,740, 6.7% versus June 2020 | $1,001,000 | 210 | 191 | 98% | 22 | 36 | 87.1% | 1.0 |
| Mississauga Mississauga, Peel Region | 989 | +247 +33.3% up 247, 33.3% versus June 2020 | $895.6M | $905,599 | +$14,587 +1.6% up $14,587, 1.6% versus June 2020 | $815,000 | 1,637 | 1,316 | 99% | 17 | 24 | 60.4% | 1.3 |
| Brampton Brampton, Peel Region | 1,167 | +254 +27.8% up 254, 27.8% versus June 2020 | $1.01B | $861,763 | +$42,051 +5.1% up $42,051, 5.1% versus June 2020 | $805,000 | 1,706 | 1,014 | 100% | 14 | 21 | 68.4% | 0.9 |