Toronto Suburbs Peel Region Real Estate Report

This is the second installment in a four part series chronicling Toronto Suburbs real estate activity for winter 2011. This second installment will focus on Peel Region which is located on the west border of the city of Toronto, and includes the following municipalities: Town of Caledon, City of Mississauga and City of Brampton.
We will start off with Mississauga - Canada’s sixth largest city – and the largest municipality in Peel region. In north Mississauga where there are a plethora of high density new home subdivisions prices start around $330,000. Approximately 300 sales were recorded in the $330,000-$525,000 price range. These were mostly 3 bedroom attached, semi-detached and detached homes. There were approximately 150 sales above $550,000 with five of these topping the $1 million dollar mark.
In central Mississauga prices start around $350,000 and top out around $795,000. Some of the highest prices recorded here were in the Sawmill Valley neighbourhood located at Mississauga Road and Burnhamthorpe. The neighbourhoods to the east around Etobicoke Creek and the border of Etobicoke also commanded higher prices.
The exclusive south end of Mississauaga near Lake Ontario and the Credit River accounted for approximately 190 sales. While prices here start around $300,000 the majority of houses sold surpassed the $500,000 mark with 24 sales in excess of $1 million dollars. Most of the high-end sales took place in the Lorne Park and Mineola neighbourhoods where large new custom homes sit on premium wooded lots that are among the nicest in the Toronto area. Some of these even enjoy beautiful views of Lake Ontario.
Brampton real estate was remarkably busy this winter with an amazing 900 sales in the $180,000-$450,000 price range. These sales were a mix of attached, semi-detached and detached houses. The bulk of these houses were 1500-2000 square foot in size while a smaller number were slightly larger in the 2000-2500 square foot range demonstrating you get a pretty good size house for your money in Brampton. In the $450,000 plus price range activity was still very good with 223 houses selling. Many of these were 2500-3500 square foot houses with 4 bedrooms and a double car garage. The highest sales in Brampton took place in the eastern part of the municipality where a handful of larger custom built homes either backing onto a golf course or having a ravine view sold in excess of $1 million dollars.
Caledon’s urban centres produced 100 sales in the $270,000-$550,000 price range with a large number of these sales taking place in Bolton. In the $550,000-$1,000,000 range, 34 houses were sold. These were mostly 4 bedroom houses on large lots with double car garages. Caledon is also known for its luxury real estate market with custom homes on sprawling multi acreage lots. So far in 2011 there have been 4 Caledon sales in excess of $1 million dollars.
Please note the aforementioned stats are based on Toronto Real Estate Board MLS sales and are approximate numbers only. For a more detailed analysis of your community please contact the Realtor Sponsor on this website for your area.