Source: TRREB MarketWatch, February 2025

3 areas

Peel Region

February 2025

Headline indicators

All home types

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

$1,035,784

MoM +$1,664 +0.2% up $1,664, 0.2% versus January 2025 YoY −0.1% down 0.1% versus February 2024

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

$917,000

MoM −$13,000 −1.4% down $13,000, 1.4% versus January 2025 YoY −5.9% down 5.9% versus February 2024

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

$1,026,900

MoM +$5,500 +0.5% up $5,500, 0.5% versus January 2025 YoY −0.9% down 0.9% versus February 2024

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

649

MoM −100 −13.4% down 100, 13.4% versus January 2025 YoY −34.8% down 34.8% versus February 2024

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

$672.2M

MoM −$102,332,351 −13.2% down $102,332,351, 13.2% versus January 2025 YoY −34.9% down 34.9% versus February 2024

New listings — Properties newly listed during the month.

2,209

MoM −200 −8.3% down 200, 8.3% versus January 2025 YoY +10.0% up 10.0% versus February 2024

Active listings — Listings available at month end.

3,610

MoM +398 +12.4% up 398, 12.4% versus January 2025 YoY +95.2% up 95.2% versus February 2024

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

28

MoM −9 days −24.3% down 9 days, 24.3% versus January 2025 YoY +16.7% up 16.7% versus February 2024

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

45

MoM −9 days −16.7% down 9 days, 16.7% versus January 2025 YoY +15.4% up 15.4% versus February 2024

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

98%

MoM no change no change versus January 2025 YoY −1.0% down 1.0% versus February 2024

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

29.4%

MoM −1.7 pp −5.5% down 1.7 pp, 5.5% versus January 2025 YoY −40.7% down 40.7% versus February 2024

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.

5.6

MoM +1 +29.7% up 1, 29.7% versus January 2025 YoY +199.3% up 199.3% versus February 2024

Trend

13 months to February 2025

Average price

Peel Region average selling price over the 13 months ending February 2025.
Month Average price
Feb '24 1037245
Mar '24 1062171
Apr '24 1106046
May '24 1071480
Jun '24 1077628
Jul '24 1065043
Aug '24 1029214
Sep '24 1058346
Oct '24 1077093
Nov '24 1042887
Dec '24 982456
Jan '25 1034120
Feb '25 1035784

Sales

Peel Region sales over the 13 months ending February 2025.
Month Sales
Feb '24 995
Mar '24 1161
Apr '24 1221
May '24 1197
Jun '24 1120
Jul '24 938
Aug '24 934
Sep '24 907
Oct '24 1162
Nov '24 964
Dec '24 598
Jan '25 749
Feb '25 649

By home type

Home typeSalesMoMAverageMoMMedianSNLRMOI
All home types 649 −100 −13.4% down 100, 13.4% versus January 2025 $1,035,784 +$1,664 +0.2% up $1,664, 0.2% versus January 2025 $917,000 29.4% 5.6
Detached 280 −45 −13.8% down 45, 13.8% versus January 2025 $1,393,892 +$41,000 +3.0% up $41,000, 3.0% versus January 2025 $1,249,950 28.0% 5.8
Semi-detached 104 −1 −1.0% down 1, 1.0% versus January 2025 $944,495 −$34,739 −3.5% down $34,739, 3.5% versus January 2025 $930,950 39.7% 3.2
Att/row/townhouse 61 −33 −35.1% down 33, 35.1% versus January 2025 $863,101 −$33,357 −3.7% down $33,357, 3.7% versus January 2025 $864,000 28.0% 5.3
Condo townhouse 84 no change no change versus January 2025 $737,568 −$23,199 −3.0% down $23,199, 3.0% versus January 2025 $744,000 31.9% 4.9
Condo apartment 117 −19 −14.0% down 19, 14.0% versus January 2025 $567,179 −$12,269 −2.1% down $12,269, 2.1% versus January 2025 $549,900 26.2% 7.6
Link 2 −1 −33.3% down 1, 33.3% versus January 2025 $898,250 +$41,583 +4.9% up $41,583, 4.9% versus January 2025 $898,250 18.2% 5.5
Detached condo 1 −1 −50.0% down 1, 50.0% versus January 2025 $945,000 −$305,000 −24.4% down $305,000, 24.4% versus January 2025 $945,000 50.0% 5.0

MLS® Home Price Index

CategoryIndexBenchmarkYoY
Composite 358.3 $1,026,900 −0.9% down 0.9%
Single-family detached 366.1 $1,323,700 −0.5% down 0.5%
Single-family attached 366.6 $954,600 −1.9% down 1.9%
Townhouse 369.7 $776,800 −1.8% down 1.8%
Apartment 349.3 $566,600 −3.3% down 3.3%

Movers within Peel Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

  1. Caledon +3.4% up 3.4%
  2. Mississauga −0.7% down 0.7%
  3. Brampton −1.3% down 1.3%

Bottom 5

  1. Brampton −1.3% down 1.3%
  2. Mississauga −0.7% down 0.7%
  3. Caledon +3.4% up 3.4%

Sales, month-over-month

Top 5

  1. Caledon +4.2% up 4.2%
  2. Mississauga −3.8% down 3.8%
  3. Brampton −25.1% down 25.1%

Bottom 5

  1. Brampton −25.1% down 25.1%
  2. Mississauga −3.8% down 3.8%
  3. Caledon +4.2% up 4.2%

Peel Region

Caledon

Caledon, Peel Region

$1,346,373

+$44,369 +3.4% up $44,369, 3.4% versus January 2025

Sales
50
SP/LP
95%
DOM
27
SNLR
28.9%

Full history →

Mississauga

Mississauga, Peel Region

$1,039,951

−$7,074 −0.7% down $7,074, 0.7% versus January 2025

Sales
333
SP/LP
98%
DOM
28
SNLR
31.7%

Full history →

Brampton

Brampton, Peel Region

$972,185

−$13,136 −1.3% down $13,136, 1.3% versus January 2025

Sales
266
SP/LP
98%
DOM
28
SNLR
26.9%

Full history →

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 50 +2 +4.2% up 2, 4.2% versus January 2025 $67.3M $1,346,373 +$44,369 +3.4% up $44,369, 3.4% versus January 2025 $1,131,515 173 317 95% 27 40 28.9% 6.3
Mississauga Mississauga, Peel Region 333 −13 −3.8% down 13, 3.8% versus January 2025 $346.3M $1,039,951 −$7,074 −0.7% down $7,074, 0.7% versus January 2025 $895,000 1,049 1,695 98% 28 44 31.7% 5.1
Brampton Brampton, Peel Region 266 −89 −25.1% down 89, 25.1% versus January 2025 $258.6M $972,185 −$13,136 −1.3% down $13,136, 1.3% versus January 2025 $901,000 987 1,598 98% 28 47 26.9% 6.0