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Residential Resale Price

Key Highlights

  • The average price of a residential unit sold in Peel in the first half of the year showed sustained increases between 2010 and 2017.
  • After declining in January – June 2018, the average price of Peel’s residential resale units increased by 4.0 per cent in January – June 2019.

Prices

In the half-year of 2018, and for the first time since 2009, the average price of a residential resale unit sold in Peel fell (by 5.8 per cent) to approximately $713,000.

In January – June 2019, the average price of residential resale units sold in Peel rebounded, increasing by 4.0 per cent to approximately $741,000.

At 4.0 per cent, the increase in the average price of units sold in Peel was higher than the 2.6 per cent increase in the Greater Toronto Area (GTA) during the same period.

Peel remained a relatively price competitive location in the GTA.