Last Updated on July 27, 2024
The Peel region stretches west from Toronto and is home to the vibrant cities of Mississauga, Brampton, and Caledon. It has a diverse population and offers plenty of shopping, restaurants, and parks. It also has a robust transit network and is a great place to live with children.
Real estate in Peel is characterized by single-family detached homes and condo apartments. Its housing market followed a similar path as the GTA in 2022, peaking early in the year and falling throughout the year as interest rates increased.
During the month of June, the average days on market for a property in Peel was 21 days, up from 19 days the previous month. This means that it is a seller’s market with less supply and higher demand.
The MLS HPI measures changes in a neighbourhood’s home prices and the number of homes sold. It is a powerful indicator of a local real estate market, and is used by many industry professionals. It is calculated by the Toronto Real Estate Board (TREB) and CREA and is the most accurate way to measure a neighbourhood’s house price trends.
Your message have been sent succesfully!
