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Residential Resale Price

Key Highlights

  • The average price of a residential unit sold in Peel showed sustained increases between 2011 and 2017.
  • Average price fell by 1.3 per cent in 2018 in response to new policies implemented in April 2017.
  • After declining in 2018, the average price of a residential resale unit in Peel increased by 4.7 per cent in the first nine months (January – September) of 2019.

Prices

In 2018, and for the first time since 2011, the average price of a residential resale unit sold in Peel fell.

In 2019, the average price of residential resale units sold in Peel rebounded, increasing by 4.7 per cent in the first nine months to approximately $747,000.

Peel remained a price competitive location in the GTA.

In January – September 2019, the average price of a unit sold in the Greater Toronto Area (GTA) increased at a faster pace (6.0 per cent) than that recorded in Peel.