Caledon market report · September 2024
Caledon housing market: September 2024
Caledon housing market in September 2024: $1,273,708 average sale price (down 6.6% year over year), 62 homes sold, 4.8 months of supply — a buyer's market. Figures from the Toronto Regional Real Estate Board.
What happened in Caledon in September 2024
Caledon recorded 62 sales in September 2024, 37.8% more than the same month a year earlier. Sellers brought 221 new listings to market, leaving 402 properties in inventory — 11.4% more than a year ago. At the month's pace of sales that is 4.8 months of supply, which puts Caledon in a buyer's market. 33% of the month's new listings sold.
The average sale price across all property types was $1,273,708, down 6.6% year over year and up 4.2% on the month. Detached homes averaged $1,424,511 against $832,475 for condo apartments — the gap that decides which side of the $1.5 million insured-financing cap a purchase here falls on.
The two years to September 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,424,511 | -2.5% | 45 | 186 | 346 |
| Semi-detached | $932,168 | -1.7% | 0 | 8 | 16 |
| Row / townhouse | $887,462 | -8.0% | 13 | 23 | 36 |
| Apartment | $832,475 | +30.1% | 4 | 3 | 1 |
| All types | $1,273,708 | -6.6% | 62 | 221 | 402 |
Source: the Toronto Regional Real Estate Board, Caledon, September 2024.
What this means if you're buying in Caledon
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. Rural and acreage properties are a distinct lending category. Many lenders will only finance a limited number of acres and will value the house and that portion of land, disregarding the rest — so the appraised lending value can come in below the purchase price on a large parcel even when nothing is wrong. Well and septic generally require potability and inspection reports, outbuildings usually add no lending value, and a property zoned agricultural rather than residential narrows the lender list considerably. None of this is a barrier; all of it needs to be handled before the financing condition expires rather than during the last week.
Read the full Caledon area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Caledon?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.