Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,062,171
MoM +$24,926 +2.4% up $24,926, 2.4% versus February 2024 YoY +0.8% up 0.8% versus March 2023
Source: TRREB MarketWatch, March 2024
3 areas
Peel Region
March 2024
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$977,000
MoM +$2,000 +0.2% up $2,000, 0.2% versus February 2024 YoY +0.6% up 0.6% versus March 2023
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,051,300
MoM +$19,100 +1.9% up $19,100, 1.9% versus February 2024 YoY +0.1% up 0.1% versus March 2023
Sales — Firm transactions reported through the MLS® System during the month.
1,161
MoM +166 +16.7% up 166, 16.7% versus February 2024 YoY −9.4% down 9.4% versus March 2023
Dollar volume — Total value of all sales in the month.
$1.23B
MoM +$201,121,977 +19.5% up $201,121,977, 19.5% versus February 2024 YoY −8.6% down 8.6% versus March 2023
New listings — Properties newly listed during the month.
2,406
MoM +397 +19.8% up 397, 19.8% versus February 2024 YoY +22.8% up 22.8% versus March 2023
Active listings — Listings available at month end.
2,113
MoM +264 +14.3% up 264, 14.3% versus February 2024 YoY +30.4% up 30.4% versus March 2023
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
19
MoM −5 days −20.8% down 5 days, 20.8% versus February 2024 YoY no change no change versus March 2023
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
28
MoM −11 days −28.2% down 11 days, 28.2% versus February 2024 YoY no change no change versus March 2023
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
100%
MoM +1.0 pp +1.0% up 1.0 pp, 1.0% versus February 2024 YoY no change no change versus March 2023
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
48.3%
MoM −1.3 pp −2.6% down 1.3 pp, 2.6% versus February 2024 YoY −26.2% down 26.2% versus March 2023
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.
1.8
MoM −0 −2.1% down 0, 2.1% versus February 2024 YoY +43.8% up 43.8% versus March 2023
Trend
13 months to March 2024
Average price
| Month | Average price |
|---|---|
| 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 |
| Dec '23 | 1020187 |
| Jan '24 | 1024926 |
| Feb '24 | 1037245 |
| Mar '24 | 1062171 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Dec '23 | 619 |
| Jan '24 | 829 |
| Feb '24 | 995 |
| Mar '24 | 1161 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 1,161 | +166 +16.7% up 166, 16.7% versus February 2024 | $1,062,171 | +$24,926 +2.4% up $24,926, 2.4% versus February 2024 | $977,000 | 48.3% | 1.8 |
| Detached | 503 | +76 +17.8% up 76, 17.8% versus February 2024 | $1,376,194 | +$24,800 +1.8% up $24,800, 1.8% versus February 2024 | $1,285,000 | 43.6% | 1.9 |
| Semi-detached | 175 | +30 +20.7% up 30, 20.7% versus February 2024 | $1,001,737 | +$3,577 +0.4% up $3,577, 0.4% versus February 2024 | $999,999 | 60.8% | 0.8 |
| Att/row/townhouse | 112 | +31 +38.3% up 31, 38.3% versus February 2024 | $936,551 | +$11,760 +1.3% up $11,760, 1.3% versus February 2024 | $923,000 | 51.4% | 1.3 |
| Condo townhouse | 162 | +25 +18.2% up 25, 18.2% versus February 2024 | $813,076 | +$38,728 +5.0% up $38,728, 5.0% versus February 2024 | $790,000 | 58.5% | 1.8 |
| Condo apartment | 205 | +5 +2.5% up 5, 2.5% versus February 2024 | $609,951 | −$10,581 −1.7% down $10,581, 1.7% versus February 2024 | $588,000 | 44.5% | 2.9 |
| Link | 2 | −1 −33.3% down 1, 33.3% versus February 2024 | $1,050,000 | +$113,333 +12.1% up $113,333, 12.1% versus February 2024 | $1,050,000 | 50.0% | 0.0 |
| Detached condo | 2 | no change no change versus February 2024 | $949,500 | −$235,500 −19.9% down $235,500, 19.9% versus February 2024 | $949,500 | 50.0% | 3.5 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 366.6 | $1,051,300 | +0.1% up 0.1% |
| Single-family detached | 370.9 | $1,358,900 | +1.0% up 1.0% |
| Single-family attached | 377.8 | $989,100 | +0.2% up 0.2% |
| Townhouse | 383.1 | $806,400 | +2.4% up 2.4% |
| Apartment | 366.5 | $599,300 | −0.5% down 0.5% |
Movers within Peel Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Mississauga +6.0% up 6.0%
- Caledon +3.0% up 3.0%
- Brampton −0.5% down 0.5%
Bottom 5
- Brampton −0.5% down 0.5%
- Caledon +3.0% up 3.0%
- Mississauga +6.0% up 6.0%
Sales, month-over-month
Top 5
- Mississauga +22.3% up 22.3%
- Brampton +14.6% up 14.6%
- Caledon −6.7% down 6.7%
Bottom 5
- Caledon −6.7% down 6.7%
- Brampton +14.6% up 14.6%
- Mississauga +22.3% up 22.3%
Peel Region
Caledon
Caledon, Peel Region
$1,357,700
+$39,687 +3.0% up $39,687, 3.0% versus February 2024
- Sales
- 70
- SP/LP
- 98%
- DOM
- 28
- SNLR
- 35.4%
Mississauga
Mississauga, Peel Region
$1,056,300
+$60,041 +6.0% up $60,041, 6.0% versus February 2024
- Sales
- 581
- SP/LP
- 100%
- DOM
- 20
- SNLR
- 53.3%
Brampton
Brampton, Peel Region
$1,028,297
−$5,376 −0.5% down $5,376, 0.5% versus February 2024
- Sales
- 510
- SP/LP
- 101%
- DOM
- 16
- SNLR
- 45.7%
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 | 70 | −5 −6.7% down 5, 6.7% versus February 2024 | $95.0M | $1,357,700 | +$39,687 +3.0% up $39,687, 3.0% versus February 2024 | $1,250,000 | 198 | 206 | 98% | 28 | 48 | 35.4% | 2.9 |
| Mississauga Mississauga, Peel Region | 581 | +106 +22.3% up 106, 22.3% versus February 2024 | $613.7M | $1,056,300 | +$60,041 +6.0% up $60,041, 6.0% versus February 2024 | $950,000 | 1,091 | 1,050 | 100% | 20 | 29 | 53.3% | 1.8 |
| Brampton Brampton, Peel Region | 510 | +65 +14.6% up 65, 14.6% versus February 2024 | $524.4M | $1,028,297 | −$5,376 −0.5% down $5,376, 0.5% versus February 2024 | $970,000 | 1,117 | 857 | 101% | 16 | 23 | 45.7% | 1.7 |