Brampton and Mississauga’s real estate markets saw significant declines in sales and prices across most market segments in July after a bullish start to 2023.
Real estate sales and prices in Peel region and the Greater Toronto Area (GTA) saw steep declines through most of 2022 due to rapidly rising borrowing costs as the Bank of Canada (BoC) raised its benchmark interest rate to 4.5 basis points from 0.25 basis points to curb inflation not seen in decades.
Graph showing average sale price for Mississauga detached homes between July 2022 and July 2023.
Graph showing combined average sale price for all dwelling types in Brampton between July 2022 and July 2023.
