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Residential Resale Price

Key Highlights

  • For the first time since 2012, the average price of a residential resale unit sold in Peel declined in 2018.
  • The fall in average price in Peel was less than that fall in other Regions in the Greater Toronto Area (GTA), but Peel remained a relatively price competitive location among GTA Regions in 2018.

Average Prices

In 2018, and for the first since 2012, the average price of a residential resale unit sold in Peel fell; down by 1.3 per cent from a year earlier to approximately $713,200.

This was a lower rate of decline when compared with than the 4.3 per cent drop recorded in the Greater Toronto Area (GTA) during the same one-year period.

As a result, Peel remained a relatively price competitive location in the GTA in 2018.

Median Prices

The median price of a residential resale unit sold in the GTA also declined, (-1.5 per cent) reflecting the net impact of lower prices across most of the GTA Regions as follows: