Source: TRREB MarketWatch, May 2022

3 areas

Peel Region

May 2022

Headline indicators

All home types

Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.

$1,180,883

MoM −$61,460 −4.9% YoY +11.8%

Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.

$1,058,300

MoM −$74,200 −6.6% YoY +12.0%

MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.

$1,240,900

MoM −$51,100 −4.0% YoY +28.7%

Sales — Firm transactions reported through the MLS® System during the month.

1,377

MoM −158 −10.3% YoY −42.1%

Dollar volume — Total value of all sales in the month.

$1.63B

MoM −$280,919,503 −14.7% YoY −35.3%

New listings — Properties newly listed during the month.

3,676

MoM −217 −5.6% YoY −1.4%

Active listings — Listings available at month end.

2,952

MoM +388 +15.1% YoY +35.5%

Avg. LDOM — Average days on market for the current listing. Not reported before 2020.

MoM +2 days +20.0% YoY +9.1%

Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.

MoM +4 days +26.7% YoY +26.7%

Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.

102%

MoM −4.0 pp −3.8% YoY −1.9%

SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.

37.5%

MoM −2.0 pp −5.0% YoY −41.3%

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.

2.1

MoM +0 +28.3% YoY +134.1%

Trend

13 months to May 2022

Average price

Peel Region average selling price over the 13 months ending May 2022.
Month	Average price
May '21	1055907
Jun '21	1041440
Jul '21	1008584
Aug '21	1039500
Sep '21	1087321
Oct '21	1065595
Nov '21	1114138
Dec '21	1189424
Jan '22	1291955
Feb '22	1317192
Mar '22	1269242
Apr '22	1242343
May '22	1180883

Sales

Peel Region sales over the 13 months ending May 2022.
Month	Sales
May '21	2379
Jun '21	2281
Jul '21	1980
Aug '21	1805
Sep '21	1829
Oct '21	1920
Nov '21	1716
Dec '21	1236
Jan '22	1166
Feb '22	1874
Mar '22	2107
Apr '22	1535
May '22	1377

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	1,377	−158 −10.3% down 158, 10.3% versus April 2022	$1,180,883	−$61,460 −4.9% down $61,460, 4.9% versus April 2022	$1,058,300	37.5%	2.1
Detached	632	−48 −7.1% down 48, 7.1% versus April 2022	$1,524,568	−$101,461 −6.2% down $101,461, 6.2% versus April 2022	$1,400,500	36.5%	2.2
Semi-detached	224	−46 −17.0% down 46, 17.0% versus April 2022	$1,074,004	−$70,945 −6.2% down $70,945, 6.2% versus April 2022	$1,050,000	41.7%	1.8
Att/row/townhouse	133	+8 +6.4% up 8, 6.4% versus April 2022	$994,969	−$45,559 −4.4% down $45,559, 4.4% versus April 2022	$975,000	40.3%	1.8
Condo townhouse	160	−40 −20.0% down 40, 20.0% versus April 2022	$846,222	−$49,221 −5.5% down $49,221, 5.5% versus April 2022	$847,000	36.1%	2.3
Condo apartment	221	−33 −13.0% down 33, 13.0% versus April 2022	$661,237	−$40,035 −5.7% down $40,035, 5.7% versus April 2022	$645,000	35.9%	2.5
Link	3	no change no change versus April 2022	$1,089,333	+$85,333 +8.5% up $85,333, 8.5% versus April 2022	$1,113,000	21.4%	3.0
Detached condo	4	+3 +300.0% up 3, 300.0% versus April 2022	$1,211,250	+$211,251 +21.1% up $211,251, 21.1% versus April 2022	$1,240,000	100.0%	0.3

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	477.6	$1,240,900	+28.7% up 28.7%
Single-family detached	431.6	$1,580,000	+27.7% up 27.7%
Single-family attached	430.2	$1,147,800	+28.1% up 28.1%
Townhouse	443.9	$938,800	+29.8% up 29.8%
Apartment	429.1	$735,100	+35.1% up 35.1%

Movers within Peel Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Caledon −1.6% down 1.6%
Mississauga −1.8% down 1.8%
Brampton −7.7% down 7.7%

Bottom 5

Brampton −7.7% down 7.7%
Mississauga −1.8% down 1.8%
Caledon −1.6% down 1.6%

Sales, month-over-month

Top 5

Brampton −6.4% down 6.4%
Mississauga −12.5% down 12.5%
Caledon −22.2% down 22.2%

Bottom 5

Caledon −22.2% down 22.2%
Mississauga −12.5% down 12.5%
Brampton −6.4% down 6.4%

Peel Region

Caledon

Caledon, Peel Region

$1,743,139

−$28,751 −1.6% down $28,751, 1.6% versus April 2022

Sales: 77
SP/LP: 98%
DOM: 13
SNLR: 29.2%

Full history →

Mississauga

Mississauga, Peel Region

$1,148,784

−$21,427 −1.8% down $21,427, 1.8% versus April 2022

Sales: 630
SP/LP: 103%
DOM: 12
SNLR: 35.7%

Full history →

Brampton

Brampton, Peel Region

$1,146,449

−$95,209 −7.7% down $95,209, 7.7% versus April 2022

Sales: 670
SP/LP: 102%
DOM: 12
SNLR: 40.7%

Full history →

All Peel Region areas

Home type

3 areas

Area	Sales	MoM	$ volume	Average	MoM	Median	New	Active	SP/LP	LDOM	PDOM	SNLR	MOI
Caledon Caledon, Peel Region	77	−22 −22.2% down 22, 22.2% versus April 2022	$134.2M	$1,743,139	−$28,751 −1.6% down $28,751, 1.6% versus April 2022	$1,330,000	264	240	98%	13	19	29.2%	3.1
Mississauga Mississauga, Peel Region	630	−90 −12.5% down 90, 12.5% versus April 2022	$723.7M	$1,148,784	−$21,427 −1.8% down $21,427, 1.8% versus April 2022	$1,027,500	1,766	1,444	103%	12	17	35.7%	2.3
Brampton Brampton, Peel Region	670	−46 −6.4% down 46, 6.4% versus April 2022	$768.1M	$1,146,449	−$95,209 −7.7% down $95,209, 7.7% versus April 2022	$1,051,000	1,646	1,268	102%	12	21	40.7%	1.9