Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,145,515
MoM +$3,453 +0.3% up $3,453, 0.3% versus May 2023 YoY +4.0% up 4.0% versus June 2022
Source: TRREB MarketWatch, June 2023
3 areas
Peel Region
June 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.
$1,035,000
MoM −$27,750 −2.6% down $27,750, 2.6% versus May 2023 YoY +3.6% up 3.6% versus June 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,118,700
MoM +$9,000 +0.8% up $9,000, 0.8% versus May 2023 YoY −4.3% down 4.3% versus June 2022
Sales — Firm transactions reported through the MLS® System during the month.
1,383
MoM −300 −17.8% down 300, 17.8% versus May 2023 YoY +18.0% up 18.0% versus June 2022
Dollar volume — Total value of all sales in the month.
$1.58B
MoM −$337,843,004 −17.6% down $337,843,004, 17.6% versus May 2023 YoY +22.8% up 22.8% versus June 2022
New listings — Properties newly listed during the month.
3,166
MoM +241 +8.2% up 241, 8.2% versus May 2023 YoY −3.4% down 3.4% versus June 2022
Active listings — Listings available at month end.
2,659
MoM +555 +26.4% up 555, 26.4% versus May 2023 YoY −13.8% down 13.8% versus June 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
13
MoM no change no change versus May 2023 YoY −18.8% down 18.8% versus June 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
19
MoM +1 day +5.6% up 1 day, 5.6% versus May 2023 YoY −24.0% down 24.0% versus June 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
102%
MoM −2.0 pp −1.9% down 2.0 pp, 1.9% versus May 2023 YoY +3.0% up 3.0% versus June 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
43.7%
MoM −13.9 pp −24.1% down 13.9 pp, 24.1% versus May 2023 YoY +22.2% up 22.2% versus June 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.
1.9
MoM +1 +53.8% up 1, 53.8% versus May 2023 YoY −27.0% down 27.0% versus June 2022
Trend
13 months to June 2023
Average price
| Month | Average price |
|---|---|
| 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 |
| Jun '23 | 1145515 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Jun '23 | 1383 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 1,383 | −300 −17.8% down 300, 17.8% versus May 2023 | $1,145,515 | +$3,453 +0.3% up $3,453, 0.3% versus May 2023 | $1,035,000 | 43.7% | 1.9 |
| Detached | 653 | −121 −15.6% down 121, 15.6% versus May 2023 | $1,469,239 | +$5,807 +0.4% up $5,807, 0.4% versus May 2023 | $1,350,000 | 41.6% | 2.1 |
| Semi-detached | 199 | −63 −24.0% down 63, 24.0% versus May 2023 | $1,059,982 | −$7,707 −0.7% down $7,707, 0.7% versus May 2023 | $1,027,500 | 46.9% | 1.4 |
| Att/row/townhouse | 119 | −29 −19.6% down 29, 19.6% versus May 2023 | $956,566 | −$44,372 −4.4% down $44,372, 4.4% versus May 2023 | $955,000 | 44.7% | 1.7 |
| Condo townhouse | 172 | −35 −16.9% down 35, 16.9% versus May 2023 | $826,330 | −$10,635 −1.3% down $10,635, 1.3% versus May 2023 | $810,000 | 47.1% | 1.6 |
| Condo apartment | 227 | −54 −19.2% down 54, 19.2% versus May 2023 | $632,360 | +$9,021 +1.4% up $9,021, 1.4% versus May 2023 | $606,500 | 43.3% | 2.4 |
| Link | 7 | +2 +40.0% up 2, 40.0% versus May 2023 | $1,063,619 | +$11,419 +1.1% up $11,419, 1.1% versus May 2023 | $993,333 | 77.8% | 0.4 |
| Detached condo | 6 | no change no change versus May 2023 | $1,157,847 | −$150,486 −11.5% down $150,486, 11.5% versus May 2023 | $1,170,450 | 85.7% | 0.7 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 390.1 | $1,118,700 | −4.3% down 4.3% |
| Single-family detached | 392.1 | $1,436,600 | −3.6% down 3.6% |
| Single-family attached | 402.3 | $1,053,100 | −2.9% down 2.9% |
| Townhouse | 400.5 | $843,000 | −6.1% down 6.1% |
| Apartment | 385.4 | $630,100 | −6.9% down 6.9% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Caledon +14.2% up 14.2%
- Brampton +0.3% up 0.3%
- Mississauga −2.4% down 2.4%
Bottom 5
- Mississauga −2.4% down 2.4%
- Brampton +0.3% up 0.3%
- Caledon +14.2% up 14.2%
Sales, month-over-month
Top 5
- Caledon −8.3% down 8.3%
- Mississauga −18.4% down 18.4%
- Brampton −18.6% down 18.6%
Bottom 5
- Brampton −18.6% down 18.6%
- Mississauga −18.4% down 18.4%
- Caledon −8.3% down 8.3%
Peel Region
Caledon
Caledon, Peel Region
$1,560,145
+$193,855 +14.2% up $193,855, 14.2% versus May 2023
- Sales
- 100
- SP/LP
- 96%
- DOM
- 22
- SNLR
- 44.0%
Brampton
Brampton, Peel Region
$1,113,948
+$2,881 +0.3% up $2,881, 0.3% versus May 2023
- Sales
- 604
- SP/LP
- 103%
- DOM
- 13
- SNLR
- 39.8%
Mississauga
Mississauga, Peel Region
$1,112,531
−$27,797 −2.4% down $27,797, 2.4% versus May 2023
- Sales
- 679
- SP/LP
- 102%
- DOM
- 13
- SNLR
- 47.8%
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 | 100 | −9 −8.3% down 9, 8.3% versus May 2023 | $156.0M | $1,560,145 | +$193,855 +14.2% up $193,855, 14.2% versus May 2023 | $1,318,000 | 227 | 259 | 96% | 22 | 31 | 44.0% | 2.6 |
| Brampton Brampton, Peel Region | 604 | −138 −18.6% down 138, 18.6% versus May 2023 | $672.8M | $1,113,948 | +$2,881 +0.3% up $2,881, 0.3% versus May 2023 | $1,045,000 | 1,517 | 1,175 | 103% | 13 | 17 | 39.8% | 1.9 |
| Mississauga Mississauga, Peel Region | 679 | −153 −18.4% down 153, 18.4% versus May 2023 | $755.4M | $1,112,531 | −$27,797 −2.4% down $27,797, 2.4% versus May 2023 | $995,000 | 1,422 | 1,225 | 102% | 13 | 19 | 47.8% | 1.8 |