Source: TRREB MarketWatch, November 2023

3 areas

Peel Region

November 2023

Headline indicators

All home types

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

$1,031,654

MoM −$48,562 −4.5% YoY −0.8%

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

$950,000

MoM −$20,000 −2.1% YoY −0.7%

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

$1,029,300

MoM −$16,400 −1.6% YoY −0.5%

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

728

MoM −79 −9.8% YoY −2.7%

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

$751.0M

MoM −$120,689,814 −13.8% YoY −3.4%

New listings — Properties newly listed during the month.

1,870

MoM −623 −25.0% YoY +17.4%

Active listings — Listings available at month end.

3,001

MoM −528 −15.0% YoY +40.8%

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

MoM +4 days +18.2% YoY +18.2%

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

MoM +7 days +20.0% YoY +20.0%

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

97%

MoM −1.0 pp −1.0% YoY no change

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

38.9%

MoM +6.6 pp +20.3% YoY −17.1%

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.

4.1

MoM −0 −5.7% YoY +44.7%

Trend

13 months to November 2023

Average price

Peel Region average selling price over the 13 months ending November 2023.
Month	Average price
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
Nov '23	1031654

Sales

Peel Region sales over the 13 months ending November 2023.
Month	Sales
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
Nov '23	728

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	728	−79 −9.8% down 79, 9.8% versus October 2023	$1,031,654	−$48,562 −4.5% down $48,562, 4.5% versus October 2023	$950,000	38.9%	4.1
Detached	329	−70 −17.5% down 70, 17.5% versus October 2023	$1,309,832	−$58,535 −4.3% down $58,535, 4.3% versus October 2023	$1,205,000	39.6%	4.3
Semi-detached	111	−8 −6.7% down 8, 6.7% versus October 2023	$988,595	+$46,660 +5.0% up $46,660, 5.0% versus October 2023	$962,000	47.8%	2.4
Att/row/townhouse	57	−9 −13.6% down 9, 13.6% versus October 2023	$892,195	−$8,117 −0.9% down $8,117, 0.9% versus October 2023	$870,000	36.1%	4.1
Condo townhouse	100	−2 −2.0% down 2, 2.0% versus October 2023	$752,025	−$18,620 −2.4% down $18,620, 2.4% versus October 2023	$737,500	46.1%	3.4
Condo apartment	126	+8 +6.8% up 8, 6.8% versus October 2023	$635,255	+$19,608 +3.2% up $19,608, 3.2% versus October 2023	$585,000	29.9%	5.8
Link	3	+1 +50.0% up 1, 50.0% versus October 2023	$800,333	−$228,667 −22.2% down $228,667, 22.2% versus October 2023	$731,000	50.0%	1.0
Detached condo	2	+1 +100.0% up 1, 100.0% versus October 2023	$937,500	+$2,500 +0.3% up $2,500, 0.3% versus October 2023	$937,500	40.0%	3.5

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	358.9	$1,029,300	−0.5% down 0.5%
Single-family detached	360.5	$1,321,000	+0.7% up 0.7%
Single-family attached	367	$960,900	−0.7% down 0.7%
Townhouse	381	$802,100	+1.2% up 1.2%
Apartment	370.9	$606,500	−0.9% down 0.9%

Movers within Peel Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Caledon +7.4% up 7.4%
Brampton +0.3% up 0.3%
Mississauga −10.2% down 10.2%

Bottom 5

Mississauga −10.2% down 10.2%
Brampton +0.3% up 0.3%
Caledon +7.4% up 7.4%

Sales, month-over-month

Top 5

Caledon −3.9% down 3.9%
Mississauga −9.8% down 9.8%
Brampton −10.7% down 10.7%

Bottom 5

Brampton −10.7% down 10.7%
Mississauga −9.8% down 9.8%
Caledon −3.9% down 3.9%

Peel Region

Caledon

Caledon, Peel Region

$1,506,143

+$104,192 +7.4% up $104,192, 7.4% versus October 2023

Sales: 49
SP/LP: 94%
DOM: 28
SNLR: 33.3%

Full history →

Brampton

Brampton, Peel Region

$1,002,482

+$3,024 +0.3% up $3,024, 0.3% versus October 2023

Sales: 302
SP/LP: 98%
DOM: 24
SNLR: 37.2%

Full history →

Mississauga

Mississauga, Peel Region

$993,352

−$112,911 −10.2% down $112,911, 10.2% versus October 2023

Sales: 377
SP/LP: 96%
DOM: 26
SNLR: 41.3%

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	49	−2 −3.9% down 2, 3.9% versus October 2023	$73.8M	$1,506,143	+$104,192 +7.4% up $104,192, 7.4% versus October 2023	$1,215,000	147	286	94%	28	44	33.3%	5.8
Brampton Brampton, Peel Region	302	−36 −10.7% down 36, 10.7% versus October 2023	$302.7M	$1,002,482	+$3,024 +0.3% up $3,024, 0.3% versus October 2023	$950,500	811	1,235	98%	24	40	37.2%	4.1
Mississauga Mississauga, Peel Region	377	−41 −9.8% down 41, 9.8% versus October 2023	$374.5M	$993,352	−$112,911 −10.2% down $112,911, 10.2% versus October 2023	$910,000	912	1,480	96%	26	42	41.3%	3.9