Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,142,062
MoM +$39,710 +3.6% up $39,710, 3.6% versus April 2023 YoY −3.3% down 3.3% versus May 2022
Source: TRREB MarketWatch, May 2023
3 areas
Peel Region
May 2023
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$1,062,750
MoM +$27,750 +2.7% up $27,750, 2.7% versus April 2023 YoY +0.4% up 0.4% versus May 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,109,700
MoM +$18,800 +1.7% up $18,800, 1.7% versus April 2023 YoY −9.7% down 9.7% versus May 2022
Sales — Firm transactions reported through the MLS® System during the month.
1,683
MoM +299 +21.6% up 299, 21.6% versus April 2023 YoY +22.2% up 22.2% versus May 2022
Dollar volume — Total value of all sales in the month.
$1.92B
MoM +$396,435,228 +26.0% up $396,435,228, 26.0% versus April 2023 YoY +18.2% up 18.2% versus May 2022
New listings — Properties newly listed during the month.
2,925
MoM +851 +41.0% up 851, 41.0% versus April 2023 YoY −20.4% down 20.4% versus May 2022
Active listings — Listings available at month end.
2,104
MoM +405 +23.8% up 405, 23.8% versus April 2023 YoY −28.7% down 28.7% versus May 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
13
MoM −2 days −13.3% down 2 days, 13.3% versus April 2023 YoY +8.3% up 8.3% versus May 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
18
MoM −4 days −18.2% down 4 days, 18.2% versus April 2023 YoY −5.3% down 5.3% versus May 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
104%
MoM +2.0 pp +2.0% up 2.0 pp, 2.0% versus April 2023 YoY +2.0% up 2.0% versus May 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
57.5%
MoM −9.2 pp −13.8% down 9.2 pp, 13.8% versus April 2023 YoY +53.6% up 53.6% versus May 2022
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 +0 +1.8% up 0, 1.8% versus April 2023 YoY −41.7% down 41.7% versus May 2022
Trend
13 months to May 2023
Average price
| Month | Average price |
|---|---|
| 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 |
| Apr '23 | 1102352 |
| May '23 | 1142062 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Apr '23 | 1384 |
| May '23 | 1683 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 1,683 | +299 +21.6% up 299, 21.6% versus April 2023 | $1,142,062 | +$39,710 +3.6% up $39,710, 3.6% versus April 2023 | $1,062,750 | 57.5% | 1.3 |
| Detached | 774 | +132 +20.6% up 132, 20.6% versus April 2023 | $1,463,432 | +$63,469 +4.5% up $63,469, 4.5% versus April 2023 | $1,367,000 | 51.5% | 1.4 |
| Semi-detached | 262 | +48 +22.4% up 48, 22.4% versus April 2023 | $1,067,689 | +$31,844 +3.1% up $31,844, 3.1% versus April 2023 | $1,050,000 | 69.3% | 0.7 |
| Att/row/townhouse | 148 | +35 +31.0% up 35, 31.0% versus April 2023 | $1,000,938 | +$33,548 +3.5% up $33,548, 3.5% versus April 2023 | $980,500 | 57.1% | 1.0 |
| Condo townhouse | 207 | +44 +27.0% up 44, 27.0% versus April 2023 | $836,965 | +$20,264 +2.5% up $20,264, 2.5% versus April 2023 | $832,000 | 68.1% | 1.0 |
| Condo apartment | 281 | +33 +13.3% up 33, 13.3% versus April 2023 | $623,339 | −$17,185 −2.7% down $17,185, 2.7% versus April 2023 | $594,000 | 60.0% | 1.6 |
| Link | 5 | +3 +150.0% up 3, 150.0% versus April 2023 | $1,052,200 | +$116,700 +12.5% up $116,700, 12.5% versus April 2023 | $920,000 | 83.3% | 0.6 |
| Detached condo | 6 | +4 +200.0% up 4, 200.0% versus April 2023 | $1,308,333 | +$283,333 +27.6% up $283,333, 27.6% versus April 2023 | $1,127,500 | 85.7% | 0.8 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 386.9 | $1,109,700 | −9.7% down 9.7% |
| Single-family detached | 389 | $1,425,200 | −9.1% down 9.1% |
| Single-family attached | 400.2 | $1,047,800 | −8.3% down 8.3% |
| Townhouse | 396 | $833,600 | −10.5% down 10.5% |
| Apartment | 378.9 | $619,500 | −13.2% down 13.2% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Mississauga +5.9% up 5.9%
- Brampton +2.1% up 2.1%
- Caledon −4.8% down 4.8%
Bottom 5
- Caledon −4.8% down 4.8%
- Brampton +2.1% up 2.1%
- Mississauga +5.9% up 5.9%
Sales, month-over-month
Top 5
- Caledon +39.7% up 39.7%
- Mississauga +28.8% up 28.8%
- Brampton +12.4% up 12.4%
Bottom 5
- Brampton +12.4% up 12.4%
- Mississauga +28.8% up 28.8%
- Caledon +39.7% up 39.7%
Peel Region
Caledon
Caledon, Peel Region
$1,366,290
−$69,561 −4.8% down $69,561, 4.8% versus April 2023
- Sales
- 109
- SP/LP
- 100%
- DOM
- 17
- SNLR
- 44.7%
Mississauga
Mississauga, Peel Region
$1,140,328
+$63,898 +5.9% up $63,898, 5.9% versus April 2023
- Sales
- 832
- SP/LP
- 104%
- DOM
- 14
- SNLR
- 60.1%
Brampton
Brampton, Peel Region
$1,111,067
+$22,756 +2.1% up $22,756, 2.1% versus April 2023
- Sales
- 742
- SP/LP
- 104%
- DOM
- 11
- SNLR
- 57.2%
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 | 109 | +31 +39.7% up 31, 39.7% versus April 2023 | $148.9M | $1,366,290 | −$69,561 −4.8% down $69,561, 4.8% versus April 2023 | $1,292,000 | 244 | 245 | 100% | 17 | 27 | 44.7% | 2.3 |
| Mississauga Mississauga, Peel Region | 832 | +186 +28.8% up 186, 28.8% versus April 2023 | $948.8M | $1,140,328 | +$63,898 +5.9% up $63,898, 5.9% versus April 2023 | $1,034,500 | 1,384 | 1,029 | 104% | 14 | 19 | 60.1% | 1.2 |
| Brampton Brampton, Peel Region | 742 | +82 +12.4% up 82, 12.4% versus April 2023 | $824.4M | $1,111,067 | +$22,756 +2.1% up $22,756, 2.1% versus April 2023 | $1,050,000 | 1,297 | 830 | 104% | 11 | 16 | 57.2% | 1.1 |