Source: TRREB MarketWatch, December 2022

3 areas

Peel Region

December 2022

Headline indicators

All home types

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

$989,873

MoM −$49,833 −4.8% YoY −16.8%

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

$910,000

MoM −$46,250 −4.8% YoY −17.3%

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

$1,035,700

MoM −$8,600 −0.8% YoY −10.2%

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

578

MoM −170 −22.7% YoY −53.2%

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

$572.1M

MoM −$205,553,733 −26.4% YoY −61.1%

New listings — Properties newly listed during the month.

808

MoM −785 −49.3% YoY −27.8%

Active listings — Listings available at month end.

1,581

MoM −550 −25.8% YoY +315.0%

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

MoM +4 days +18.2% YoY +160.0%

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

MoM +5 days +14.3% YoY +233.3%

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

97%

MoM no change YoY −11.8%

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

71.5%

MoM +24.6 pp +52.3% YoY −35.2%

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.

2.7

MoM −0 −4.0% YoY +787.4%

Trend

13 months to December 2022

Average price

Peel Region average selling price over the 13 months ending December 2022.
Month	Average price
Dec '21	1189424
Jan '22	1291955
Feb '22	1317192
Mar '22	1269242
Apr '22	1242343
May '22	1180883
Jun '22	1101178
Jul '22	1066973
Aug '22	1062984
Sep '22	1044385
Oct '22	1036140
Nov '22	1039706
Dec '22	989873

Sales

Peel Region sales over the 13 months ending December 2022.
Month	Sales
Dec '21	1236
Jan '22	1166
Feb '22	1874
Mar '22	2107
Apr '22	1535
May '22	1377
Jun '22	1172
Jul '22	886
Aug '22	1058
Sep '22	936
Oct '22	902
Nov '22	748
Dec '22	578

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	578	−170 −22.7% down 170, 22.7% versus November 2022	$989,873	−$49,833 −4.8% down $49,833, 4.8% versus November 2022	$910,000	71.5%	2.7
Detached	255	−93 −26.7% down 93, 26.7% versus November 2022	$1,275,095	−$75,991 −5.6% down $75,991, 5.6% versus November 2022	$1,169,000	64.7%	3.1
Semi-detached	85	−15 −15.0% down 15, 15.0% versus November 2022	$929,411	−$17,332 −1.8% down $17,332, 1.8% versus November 2022	$923,000	78.7%	1.5
Att/row/townhouse	46	−14 −23.3% down 14, 23.3% versus November 2022	$883,837	−$18,581 −2.1% down $18,581, 2.1% versus November 2022	$880,000	79.3%	2.0
Condo townhouse	79	−18 −18.6% down 18, 18.6% versus November 2022	$755,387	+$9,720 +1.3% up $9,720, 1.3% versus November 2022	$740,000	102.6%	2.1
Condo apartment	111	−29 −20.7% down 29, 20.7% versus November 2022	$593,606	+$1,189 +0.2% up $1,189, 0.2% versus November 2022	$568,000	66.1%	3.6
Link	1	no change no change versus November 2022	$890,000	−$225,000 −20.2% down $225,000, 20.2% versus November 2022	$890,000	100.0%	3.0
Detached condo	1	−1 −50.0% down 1, 50.0% versus November 2022	$885,000	−$275,000 −23.7% down $275,000, 23.7% versus November 2022	$885,000	100.0%	3.0

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	398.7	$1,035,700	−10.2% down 10.2%
Single-family detached	357.6	$1,309,200	−12.5% down 12.5%
Single-family attached	361.9	$965,500	−12.1% down 12.1%
Townhouse	374.3	$791,700	−4.5% down 4.5%
Apartment	364.9	$625,000	+3.0% up 3.0%

Movers within Peel Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Brampton −1.8% down 1.8%
Mississauga −4.4% down 4.4%
Caledon −13.8% down 13.8%

Bottom 5

Caledon −13.8% down 13.8%
Mississauga −4.4% down 4.4%
Brampton −1.8% down 1.8%

Sales, month-over-month

Top 5

Brampton −5.3% down 5.3%
Mississauga −31.5% down 31.5%
Caledon −46.4% down 46.4%

Bottom 5

Caledon −46.4% down 46.4%
Mississauga −31.5% down 31.5%
Brampton −5.3% down 5.3%

Peel Region

Caledon

Caledon, Peel Region

$1,180,922

−$188,345 −13.8% down $188,345, 13.8% versus November 2022

Sales: 30
SP/LP: 96%
DOM: 32
SNLR: 46.9%

Full history →

Brampton

Brampton, Peel Region

$981,920

−$17,711 −1.8% down $17,711, 1.8% versus November 2022

Sales: 268
SP/LP: 97%
DOM: 24
SNLR: 65.5%

Full history →

Mississauga

Mississauga, Peel Region

$977,016

−$45,296 −4.4% down $45,296, 4.4% versus November 2022

Sales: 280
SP/LP: 96%
DOM: 28
SNLR: 83.6%

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	30	−26 −46.4% down 26, 46.4% versus November 2022	$35.4M	$1,180,922	−$188,345 −13.8% down $188,345, 13.8% versus November 2022	$1,110,000	64	177	96%	32	60	46.9%	5.9
Brampton Brampton, Peel Region	268	−15 −5.3% down 15, 5.3% versus November 2022	$263.2M	$981,920	−$17,711 −1.8% down $17,711, 1.8% versus November 2022	$937,500	409	677	97%	24	36	65.5%	2.5
Mississauga Mississauga, Peel Region	280	−129 −31.5% down 129, 31.5% versus November 2022	$273.6M	$977,016	−$45,296 −4.4% down $45,296, 4.4% versus November 2022	$850,000	335	727	96%	28	42	83.6%	2.6