Peel Region in Ontario includes Mississauga, Brampton and Caledon and is home to roughly 1.5 million residents. Mississauga and Brampton rank among Canada’s largest municipalities by population. This page highlights the best neighbourhoods to consider for real estate purchases across Peel, based on benchmark home prices, recent growth and local neighbourhood scores.
- Best places to buy real estate in Mississauga, Brampton and Caledon
- How to read the table
- What happened in the Peel real estate market?
- What’s next for real estate in Peel?
- Peel Region’s top three neighbourhoods
- Methodology
Best places to buy real estate in Mississauga, Brampton and Caledon, Ont.
Below is a data table of the top neighbourhoods across Peel Region for purchasing property. The rankings incorporate benchmark prices at the end of 2022, one-, three- and five-year price growth, and neighbourhood scores that reflect value, local economics, accessibility and share of households with children. Use the table to compare neighbourhoods by price, recent performance and liveability.
| wdt_ID | Rank | Neighbourhood | City | Benchmark price 2022 | 1-year growth | 3-year | 5-year | Value | Economics | Accessibility | Children |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Bramalea West Industrial | Brampton | $816,700 | 49% | 98% | 158% | 5.0 | 0.0 | 2.8 | 52% |
| 2 | 2 | Queen Street Corridor | Brampton | $491,584 | -1% | 31% | 48% | 3.4 | 0.0 | 2.8 | 52% |
| 3 | 3 | City Centre | Mississauga | $536,323 | -9% | 11% | 35% | 2.9 | 1.3 | 4.9 | 43% |
| 4 | 4 | Gore Industrial North | Brampton | $965,193 | -7% | 89% | 29% | 2.9 | 2.9 | 2.7 | 54% |
| 5 | 5 | Downtown Brampton | Brampton | $708,942 | -11% | 27% | 42% | 2.7 | 3.0 | 2.0 | 59% |
Source: Zoocasa
How to read the table:
- Benchmark price 2022: Composite benchmark price as of Dec. 31, 2022, representing all property types (detached, semi-detached, townhouses and apartment units).
- 1-year, 3-year and 5-year growth: Percentage change in the composite benchmark price over each timeframe.
- Value, economics and accessibility: Each scored from 0 to 5. Higher scores indicate stronger value relative to price, stronger local economic indicators (incomes, education) and better walk/bike/transit accessibility.
- Children: Percentage of households with children in the neighbourhood.
- Read the detailed methodology for full ranking criteria.
Answer a few quick questions to get a personalized rate quote*
I’m renewing/refinancing
You will be leaving MoneySense. Just close the tab to return.
What happened in the Peel Region real estate market?
Peel’s housing market mirrored broader trends across the Greater Toronto Area in 2022. Prices reached record highs early in the year before multiple interest rate increases reduced borrowing power. That shift slowed demand: listings that once drew multiple offers and sold well above asking began to spend more time on the market.
Local agents reported rapid sales at the market peak, with homes selling in an average of about 15 days—faster than the Toronto Region average earlier in 2022. By December, however, the average days on market had stretched to roughly 40 days and sales volume had fallen significantly.
While many Canadian markets stabilized through winter, Peel continued to see price declines late in 2022. Caledon, where single-family detached homes predominate, saw some of the highest average prices in the region and experienced a notable pullback from spring peaks to year-end levels. Mississauga and Brampton also saw average prices drop below the $1-million mark by year’s end, reflecting the broader cooling trend driven by higher interest rates.
What’s next for real estate in Peel Region?
Despite the pullback in 2022, home prices in the GTA, including Peel, have risen substantially over the past decade. Prices remain well above pre-pandemic levels and historically have recovered over time after downturns. Past cycles show that rebounds can take time—sometimes several years—but the market has tended to recover.
Outlook for Peel will hinge on mortgage affordability. Falling bond yields can lead to lower fixed mortgage rates and ease monthly payment pressure. If affordability improves, more buyers who had paused may re-enter the market, supporting demand and stabilizing prices.
Top neighbourhoods in other regions
Alberta
Calgary • Edmonton
Nova Scotia
Halifax
British Columbia
Burnaby, New Westminster, Richmond • Coquitlam, Port Coquitlam, Port Moody • Langley, Pitt Meadows, Maple Ridge • North Shore • Vancouver
Ontario
Durham Region • Halton Region • Peel Region • Toronto • York Region
Peel Region’s top three neighbourhoods
1. Bramalea West Industrial, Brampton
Bramalea West Industrial sits close to Downtown Brampton and the Queen Street Corridor, offering access to many of the city’s amenities. Its average benchmark home price was $816,700 at the end of 2022, reflecting strong growth—49% year over year and 158% over five years—which earned it a top value score. This neighbourhood is family-friendly, with more than half of households including children, though transit and walkability scores are moderate.
View Bramalea West Industrial real estate listings on Zoocasa.
2. Queen Street Corridor, Brampton
The Queen Street Corridor and Downtown Brampton form the city’s civic and commercial core. The neighbourhood’s average price was $491,584 at the end of 2022, up nearly 48% over five years but slightly down year-over-year. Queen Street Corridor earned a mid-range value score and shows stronger family presence, while accessibility is average.
View Queen Street Corridor real estate listings on Zoocasa.
3. City Centre, Mississauga
Mississauga’s City Centre is the city’s downtown hub, home to major civic amenities such as the Central Library and transit connections. The average benchmark price was $536,323 at the end of 2022—35% higher than five years earlier but down 9% from the prior year. City Centre scores highly for accessibility and offers a mix of housing types attractive to buyers seeking transit and amenities, though its value and economic indicator scores are moderate.
View City Centre real estate listings on Zoocasa.
Read more about buying a home:
- The complete guide for first-time home buyers in Canada
- Can I afford to buy a second home?
- What to know about the new first home savings account (FHSA)
- Mortgage renewal calculator
What does the * mean?
Affiliate links or sponsored placements may generate revenue that helps keep this site free to users. If a link is marked with an asterisk (*) or labelled “Featured,” it is an affiliate link. Sponsored placements are paid. Editorial coverage remains independent and rankings are not driven by compensation.
What type of article am I reading?
This content package was produced in collaboration with Zoocasa and presented with financial support from Ratehub.ca. The editorial content was independently produced by MoneySense.