Peel is still the busiest market in the western GTA, and buyers there kept showing up in August. Prices are where Peel stands apart. Its benchmark fell further over the past year than Durham's or Halton's, and the decline reaches all the way up to detached homes.
We counted 922 sales in Peel that went firm in August, almost the same as the 928 in August 2025. Some late-reported sales are still arriving, so the final number will be a little higher. The median price was $839,400 (down from $890,000 a year earlier) and the average was $894,951. The typical home sold for 96.9 per cent of asking after a median of 26 days, and fewer than one sale in five went at or over asking.
The MLS® Home Price Index, which prices a typical home the same way every month, puts Peel's composite benchmark at $871,200, down 5.2 per cent on the year. That compares with −4.6% in Durham, −3.0% in Halton and −4.5% across the GTA.
Detached homes are not holding up here
In Durham and Halton, detached houses have lost roughly 3 to 4 per cent while townhouses and condos took the bigger hit. Peel is different. Its single-family detached benchmark is down 6.2 per cent, close to townhouses (−6.7%) and apartments (−7.6%). The biggest drop anywhere in Peel is Brampton apartments, down 13 per cent.
| City | Detached | Townhouse | Apartment |
|---|---|---|---|
| Brampton | $981,700 · −6.5% | $581,600 · −6.4% | $403,100 · −13.1% |
| Mississauga | $1,252,700 · −5.7% | $692,800 · −7.2% | $496,000 · −6.9% |
| Caledon | $1,179,800 · −6.6% | $794,900 · −6.4% | $613,500 · −4.1% |
MLS® HPI benchmark price, August 2026, and change from August 2025. "Detached" is TRREB's single-family detached benchmark.
City by city
Right-hand figure is the August MLS® HPI composite benchmark. Sales, median price and days are from sales that went firm in August 2026. Supply is homes for sale today divided by the average monthly sales from June to August.
Brampton is the tightest of the three and the quickest to sell, with under four months of supply. Mississauga is close to balanced, at almost five months. Caledon has turned into a buyers' market: nearly seven months of supply, homes taking a median of 34 days, and a benchmark down 6.7 per cent, the most in Peel.
What it means for you
If you're buying in Peel, you have more negotiating room than in most of the GTA, especially in Caledon and in Brampton's condo market. Sellers who have watched their neighbours' prices fall are more open to conditions and offers below asking.
If you're selling, there is plenty of competition. The homes that sell in the first two weeks are the ones priced at this month's comparables. Pricing high and waiting for the market to come back has not worked in Peel this year.
If you're moving up from a Brampton townhouse or condo to a detached home, both are down by a similar percentage, so the dollar gap between them has narrowed a little.
Sales counts, prices, sold-to-asking ratios, days on market and supply are produced by The Renavu Team from TRREB MLS® data for sales that went firm between 1 and 31 August 2026 (compared with August 2025) and from active listings on 22 September 2026. They are not official statistics of, or endorsed by, TRREB or PropTx, and are deemed reliable but not guaranteed. Benchmark prices are from the TRREB/Altus MLS® Home Price Index, August 2026. This article is general market information, not financial, mortgage or investment advice.