Source: TRREB MarketWatch, October 2023

3 areas

Peel Region

October 2023

Headline indicators

All home types

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

$1,080,216

MoM +$30,248 +2.9% YoY +4.3%

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

$970,000

MoM −$8,000 −0.8% YoY +2.8%

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

$1,045,700

MoM −$28,300 −2.6% YoY +0.3%

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

807

MoM −1 −0.1% YoY −10.5%

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

$871.7M

MoM +$23,360,422 +2.8% YoY −6.7%

New listings — Properties newly listed during the month.

2,493

MoM −445 −15.1% YoY +30.7%

Active listings — Listings available at month end.

3,529

MoM −28 −0.8% YoY +53.0%

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

MoM +1 day +4.8% YoY no change

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

MoM +2 days +6.1% YoY −2.8%

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

98%

MoM −1.0 pp −1.0% YoY +1.0%

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

32.4%

MoM +4.9 pp +17.7% YoY −31.5%

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.

4.4

MoM −0 −0.7% YoY +71.0%

Trend

13 months to October 2023

Average price

Peel Region average selling price over the 13 months ending October 2023.
Month	Average price
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
Jul '23	1079553
Aug '23	1050925
Sep '23	1049968
Oct '23	1080216

Sales

Peel Region sales over the 13 months ending October 2023.
Month	Sales
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
Jul '23	893
Aug '23	974
Sep '23	808
Oct '23	807

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	807	−1 −0.1% down 1, 0.1% versus September 2023	$1,080,216	+$30,248 +2.9% up $30,248, 2.9% versus September 2023	$970,000	32.4%	4.4
Detached	399	+9 +2.3% up 9, 2.3% versus September 2023	$1,368,367	+$51,208 +3.9% up $51,208, 3.9% versus September 2023	$1,225,000	32.6%	4.3
Semi-detached	119	+9 +8.2% up 9, 8.2% versus September 2023	$941,935	−$40,902 −4.2% down $40,902, 4.2% versus September 2023	$925,000	41.3%	3.0
Att/row/townhouse	66	+8 +13.8% up 8, 13.8% versus September 2023	$900,312	−$9,462 −1.0% down $9,462, 1.0% versus September 2023	$897,500	32.5%	4.1
Condo townhouse	102	+9 +9.7% up 9, 9.7% versus September 2023	$770,645	−$2,453 −0.3% down $2,453, 0.3% versus September 2023	$768,298	35.2%	3.8
Condo apartment	118	−32 −21.3% down 32, 21.3% versus September 2023	$615,647	−$16,943 −2.7% down $16,943, 2.7% versus September 2023	$584,500	24.7%	6.4
Link	2	−3 −60.0% down 3, 60.0% versus September 2023	$1,029,000	+$5,780 +0.6% up $5,780, 0.6% versus September 2023	$1,029,000	33.3%	3.0
Detached condo	1	−1 −50.0% down 1, 50.0% versus September 2023	$935,000	−$15,000 −1.6% down $15,000, 1.6% versus September 2023	$935,000	20.0%	7.0

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	364.6	$1,045,700	+0.3% up 0.3%
Single-family detached	365.9	$1,340,700	+1.3% up 1.3%
Single-family attached	373.1	$976,800	+1.1% up 1.1%
Townhouse	390.5	$821,900	+2.8% up 2.8%
Apartment	372.4	$608,900	−1.7% down 1.7%

Movers within Peel Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Mississauga +8.3% up 8.3%
Caledon +2.8% up 2.8%
Brampton −4.1% down 4.1%

Bottom 5

Brampton −4.1% down 4.1%
Caledon +2.8% up 2.8%
Mississauga +8.3% up 8.3%

Sales, month-over-month

Top 5

Caledon +13.3% up 13.3%
Mississauga +8.3% up 8.3%
Brampton −10.3% down 10.3%

Bottom 5

Brampton −10.3% down 10.3%
Mississauga +8.3% up 8.3%
Caledon +13.3% up 13.3%

Peel Region

Caledon

Caledon, Peel Region

$1,401,951

+$38,098 +2.8% up $38,098, 2.8% versus September 2023

Sales: 51
SP/LP: 97%
DOM: 24
SNLR: 24.9%

Full history →

Mississauga

Mississauga, Peel Region

$1,106,263

+$84,939 +8.3% up $84,939, 8.3% versus September 2023

Sales: 418
SP/LP: 98%
DOM: 21
SNLR: 34.2%

Full history →

Brampton

Brampton, Peel Region

$999,458

−$42,371 −4.1% down $42,371, 4.1% versus September 2023

Sales: 338
SP/LP: 98%
DOM: 21
SNLR: 31.7%

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	51	+6 +13.3% up 6, 13.3% versus September 2023	$71.5M	$1,401,951	+$38,098 +2.8% up $38,098, 2.8% versus September 2023	$1,300,000	205	358	97%	24	42	24.9%	7.0
Mississauga Mississauga, Peel Region	418	+32 +8.3% up 32, 8.3% versus September 2023	$462.4M	$1,106,263	+$84,939 +8.3% up $84,939, 8.3% versus September 2023	$970,000	1,222	1,734	98%	21	32	34.2%	4.2
Brampton Brampton, Peel Region	338	−39 −10.3% down 39, 10.3% versus September 2023	$337.8M	$999,458	−$42,371 −4.1% down $42,371, 4.1% versus September 2023	$935,000	1,066	1,437	98%	21	38	31.7%	4.3