Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,055,907
MoM +$20,566 +2.0% up $20,566, 2.0% versus April 2021 YoY +30.7% up 30.7% versus May 2020
Source: TRREB MarketWatch, May 2021
3 areas
Peel Region
May 2021
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$945,000
MoM +$10,000 +1.1% up $10,000, 1.1% versus April 2021 YoY +25.2% up 25.2% versus May 2020
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$958,200
MoM +$2,400 +0.3% up $2,400, 0.3% versus April 2021 YoY +18.8% up 18.8% versus May 2020
Sales — Firm transactions reported through the MLS® System during the month.
2,379
MoM −354 −13.0% down 354, 13.0% versus April 2021 YoY +156.6% up 156.6% versus May 2020
Dollar volume — Total value of all sales in the month.
$2.51B
MoM −$317,582,782 −11.2% down $317,582,782, 11.2% versus April 2021 YoY +235.5% up 235.5% versus May 2020
New listings — Properties newly listed during the month.
3,728
MoM −496 −11.7% down 496, 11.7% versus April 2021 YoY +111.6% up 111.6% versus May 2020
Active listings — Listings available at month end.
2,179
MoM +68 +3.2% up 68, 3.2% versus April 2021 YoY +9.8% up 9.8% versus May 2020
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
11
MoM +1 day +10.0% up 1 day, 10.0% versus April 2021 YoY −52.2% down 52.2% versus May 2020
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
15
MoM +2 days +15.4% up 2 days, 15.4% versus April 2021 YoY −54.5% down 54.5% versus May 2020
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
104%
MoM −1.0 pp −1.0% down 1.0 pp, 1.0% versus April 2021 YoY +6.1% up 6.1% versus May 2020
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
63.8%
MoM −0.9 pp −1.4% down 0.9 pp, 1.4% versus April 2021 YoY +21.3% up 21.3% versus May 2020
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 +18.6% up 0, 18.6% versus April 2021 YoY −57.2% down 57.2% versus May 2020
Trend
13 months to May 2021
Average price
| Month | Average price |
|---|---|
| May '20 | 807724 |
| Jun '20 | 866830 |
| Jul '20 | 902257 |
| Aug '20 | 897391 |
| Sep '20 | 904963 |
| Oct '20 | 897749 |
| Nov '20 | 889302 |
| Dec '20 | 894581 |
| Jan '21 | 952183 |
| Feb '21 | 1023552 |
| Mar '21 | 1061015 |
| Apr '21 | 1035341 |
| May '21 | 1055907 |
Sales
| Month | Sales |
|---|---|
| May '20 | 927 |
| Jun '20 | 1778 |
| Jul '20 | 2339 |
| Aug '20 | 2301 |
| Sep '20 | 2363 |
| Oct '20 | 2198 |
| Nov '20 | 1865 |
| Dec '20 | 1486 |
| Jan '21 | 1453 |
| Feb '21 | 2270 |
| Mar '21 | 3185 |
| Apr '21 | 2733 |
| May '21 | 2379 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 2,379 | −354 −13.0% down 354, 13.0% versus April 2021 | $1,055,907 | +$20,566 +2.0% up $20,566, 2.0% versus April 2021 | $945,000 | 63.8% | 0.9 |
| Detached | 1,136 | −187 −14.1% down 187, 14.1% versus April 2021 | $1,361,014 | +$35,018 +2.6% up $35,018, 2.6% versus April 2021 | $1,240,000 | 62.1% | 0.9 |
| Semi-detached | 402 | −24 −5.6% down 24, 5.6% versus April 2021 | $927,740 | +$4,155 +0.4% up $4,155, 0.4% versus April 2021 | $924,000 | 71.7% | 0.6 |
| Att/row/townhouse | 223 | −24 −9.7% down 24, 9.7% versus April 2021 | $846,334 | −$9,883 −1.2% down $9,883, 1.2% versus April 2021 | $835,000 | 70.3% | 0.8 |
| Condo townhouse | 292 | −12 −3.9% down 12, 3.9% versus April 2021 | $737,800 | +$10,510 +1.4% up $10,510, 1.4% versus April 2021 | $730,000 | 66.1% | 0.9 |
| Condo apartment | 315 | −106 −25.2% down 106, 25.2% versus April 2021 | $564,062 | −$1,102 −0.2% down $1,102, 0.2% versus April 2021 | $549,000 | 57.0% | 1.4 |
| Link | 8 | −1 −11.1% down 1, 11.1% versus April 2021 | $988,750 | +$24,750 +2.6% up $24,750, 2.6% versus April 2021 | $992,500 | 53.3% | 0.9 |
| Co-op apartment | 0 | no change no change versus April 2021 | $0 | no change no change versus April 2021 | — | 0.0% | — |
| Detached condo | 3 | no change no change versus April 2021 | $1,060,129 | +$174,962 +19.8% up $174,962, 19.8% versus April 2021 | $851,500 | 33.3% | 2.7 |
| Co-ownership apartment | 0 | no change no change versus April 2021 | $0 | no change no change versus April 2021 | — | — | — |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 338.1 | $958,200 | +18.8% up 18.8% |
| Single-family detached | 334.4 | $1,184,300 | +23.1% up 23.1% |
| Single-family attached | 345.7 | $883,400 | +22.9% up 22.9% |
| Townhouse | 339.8 | $718,500 | +18.4% up 18.4% |
| Apartment | 332.3 | $568,200 | +6.8% up 6.8% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Caledon +9.1% up 9.1%
- Mississauga +3.9% up 3.9%
- Brampton −0.8% down 0.8%
Bottom 5
- Brampton −0.8% down 0.8%
- Mississauga +3.9% up 3.9%
- Caledon +9.1% up 9.1%
Sales, month-over-month
Top 5
- Brampton −11.8% down 11.8%
- Mississauga −13.8% down 13.8%
- Caledon −15.7% down 15.7%
Bottom 5
- Caledon −15.7% down 15.7%
- Mississauga −13.8% down 13.8%
- Brampton −11.8% down 11.8%
Peel Region
Caledon
Caledon, Peel Region
$1,496,215
+$125,231 +9.1% up $125,231, 9.1% versus April 2021
- Sales
- 134
- SP/LP
- 101%
- DOM
- 11
- SNLR
- 57.3%
Mississauga
Mississauga, Peel Region
$1,064,630
+$40,169 +3.9% up $40,169, 3.9% versus April 2021
- Sales
- 1,071
- SP/LP
- 104%
- DOM
- 11
- SNLR
- 63.5%
Brampton
Brampton, Peel Region
$997,693
−$7,712 −0.8% down $7,712, 0.8% versus April 2021
- Sales
- 1,174
- SP/LP
- 104%
- DOM
- 10
- SNLR
- 64.9%
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 | 134 | −25 −15.7% down 25, 15.7% versus April 2021 | $200.5M | $1,496,215 | +$125,231 +9.1% up $125,231, 9.1% versus April 2021 | $1,317,500 | 234 | 178 | 101% | 11 | 15 | 57.3% | 1.3 |
| Mississauga Mississauga, Peel Region | 1,071 | −172 −13.8% down 172, 13.8% versus April 2021 | $1.14B | $1,064,630 | +$40,169 +3.9% up $40,169, 3.9% versus April 2021 | $945,000 | 1,686 | 1,041 | 104% | 11 | 15 | 63.5% | 1.0 |
| Brampton Brampton, Peel Region | 1,174 | −157 −11.8% down 157, 11.8% versus April 2021 | $1.17B | $997,693 | −$7,712 −0.8% down $7,712, 0.8% versus April 2021 | $920,000 | 1,808 | 960 | 104% | 10 | 15 | 64.9% | 0.8 |