Source: TRREB MarketWatch, March 2023

3 areas

Peel Region

March 2023

Headline indicators

All home types

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

$1,053,738

MoM +$21,452 +2.1% YoY −17.0%

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

$971,000

MoM +$21,000 +2.2% YoY −19.1%

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

$1,061,500

MoM +$27,100 +2.6% YoY −19.6%

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

1,281

MoM +449 +54.0% YoY −39.2%

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

$1.35B

MoM +$490,977,164 +57.2% YoY −49.5%

New listings — Properties newly listed during the month.

1,960

MoM +556 +39.6% YoY −52.3%

Active listings — Listings available at month end.

1,621

MoM +32 +2.0% YoY −14.5%

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

MoM −5 days −20.8% YoY +171.4%

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

MoM −7 days −20.0% YoY +211.1%

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

100%

MoM +2.0 pp +2.0% YoY −10.7%

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

65.4%

MoM +6.1 pp +10.3% YoY +27.3%

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.

1.3

MoM −1 −33.7% YoY +40.6%

Trend

13 months to March 2023

Average price

Peel Region average selling price over the 13 months ending March 2023.
Month	Average price
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
Jan '23	993151
Feb '23	1032286
Mar '23	1053738

Sales

Peel Region sales over the 13 months ending March 2023.
Month	Sales
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
Jan '23	576
Feb '23	832
Mar '23	1281

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	1,281	+449 +54.0% up 449, 54.0% versus February 2023	$1,053,738	+$21,452 +2.1% up $21,452, 2.1% versus February 2023	$971,000	65.4%	1.3
Detached	560	+196 +53.8% up 196, 53.8% versus February 2023	$1,377,970	+$30,317 +2.2% up $30,317, 2.2% versus February 2023	$1,300,000	59.8%	1.5
Semi-detached	175	+56 +47.1% up 56, 47.1% versus February 2023	$996,293	+$33,961 +3.5% up $33,961, 3.5% versus February 2023	$991,000	76.1%	0.7
Att/row/townhouse	122	+39 +47.0% up 39, 47.0% versus February 2023	$933,211	+$16,195 +1.8% up $16,195, 1.8% versus February 2023	$934,000	80.8%	0.5
Condo townhouse	162	+64 +65.3% up 64, 65.3% versus February 2023	$793,222	+$24,038 +3.1% up $24,038, 3.1% versus February 2023	$776,250	69.5%	1.2
Condo apartment	256	+95 +59.0% up 95, 59.0% versus February 2023	$606,159	+$7,953 +1.3% up $7,953, 1.3% versus February 2023	$590,000	64.7%	1.6
Link	3	−2 −40.0% down 2, 40.0% versus February 2023	$1,046,333	+$67,333 +6.9% up $67,333, 6.9% versus February 2023	$1,129,000	50.0%	1.0
Detached condo	3	+2 +200.0% up 2, 200.0% versus February 2023	$1,051,667	+$321,667 +44.1% up $321,667, 44.1% versus February 2023	$1,170,000	37.5%	1.7

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	408.6	$1,061,500	−19.6% down 19.6%
Single-family detached	370.5	$1,356,300	−20.3% down 20.3%
Single-family attached	372.1	$992,700	−20.1% down 20.1%
Townhouse	374.8	$792,600	−17.4% down 17.4%
Apartment	358.8	$614,700	−17.0% down 17.0%

Movers within Peel Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Caledon +11.8% up 11.8%
Mississauga +2.6% up 2.6%
Brampton +0.2% up 0.2%

Bottom 5

Brampton +0.2% up 0.2%
Mississauga +2.6% up 2.6%
Caledon +11.8% up 11.8%

Sales, month-over-month

Top 5

Brampton +58.1% up 58.1%
Mississauga +53.5% up 53.5%
Caledon +32.8% up 32.8%

Bottom 5

Caledon +32.8% up 32.8%
Mississauga +53.5% up 53.5%
Brampton +58.1% up 58.1%

Peel Region

Caledon

Caledon, Peel Region

$1,324,050

+$139,904 +11.8% up $139,904, 11.8% versus February 2023

Sales: 89
SP/LP: 97%
DOM: 28
SNLR: 56.7%

Full history →

Mississauga

Mississauga, Peel Region

$1,036,553

+$26,750 +2.6% up $26,750, 2.6% versus February 2023

Sales: 588
SP/LP: 100%
DOM: 17
SNLR: 59.6%

Full history →

Brampton

Brampton, Peel Region

$1,030,637

+$2,445 +0.2% up $2,445, 0.2% versus February 2023

Sales: 604
SP/LP: 100%
DOM: 18
SNLR: 73.9%

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	89	+22 +32.8% up 22, 32.8% versus February 2023	$117.8M	$1,324,050	+$139,904 +11.8% up $139,904, 11.8% versus February 2023	$1,280,000	157	169	97%	28	43	56.7%	1.9
Mississauga Mississauga, Peel Region	588	+205 +53.5% up 205, 53.5% versus February 2023	$609.5M	$1,036,553	+$26,750 +2.6% up $26,750, 2.6% versus February 2023	$916,000	986	858	100%	17	26	59.6%	1.5
Brampton Brampton, Peel Region	604	+222 +58.1% up 222, 58.1% versus February 2023	$622.5M	$1,030,637	+$2,445 +0.2% up $2,445, 0.2% versus February 2023	$974,750	817	594	100%	18	28	73.9%	1.0