Residential Resale Price
The average price of an existing residential unit sold over a given time period.
- The average price of a residential resale unit sold in Peel Region increased by 22.8 per cent to $1,025,035 in Q1 2021.
- The average price of resale units increased by 18.3 per cent in the Greater Toronto Area (GTA) during the same period.
- Average price of a residential resale unit in Peel was comparable to the GTA average price of $1,053,585 in Q1 2021.
The average price of a residential resale units sold in Peel has shown sustained increase since June 2018 and continued to increase in Q1 2021.
The monthly increases registered during Q1 2021 were as follows:
- January: 21.4 per cent;
- February: 18.8 per cent; and
- March: 26.3 per cent.
Reflecting these monthly increases, the price of a residential resale unit in Peel in Q1 2021 was 22.8 per cent higher than in Q1 2021, at $1,025,035.
The average price of a unit sold in the Greater Toronto Area (GTA) increased by 18.3 per cent in Q1 2021.
The highest increase in average price (+36.3 per cent) was observed in Durham Region.
Although the price increase in Peel was above that of the GTA, Peel maintained its place as one of the most price competitive locations in the GTA.