The Brampton real estate market kicked off 2018 with an increase in average prices over the same month the previous year.

That statement might have seemed rhetorical just a year ago, but not many GTA municipalities could report the same in January 2018.

According to monthly tracking data from the Toronto Real Estate Board (TREB), the average price for all home types across its territory, which includes the GTA, fell by 4.4 per cent compared to January 2017.

Brampton, however, saw a slight 0.02 per cent year-over-year increase last month for all types of homes to an average of $671,332. That was compared to $670,078 the same month last year.

Its Peel Region counterpart in Mississauga did not fare so well, seeing a year-over-year decline of 9.8 per to an average sale price of $631,372 last month.

That represents the third time since February 2017 where the average monthly price in Brampton surpassed the average price in Mississauga. For perspective, that had not occurred in any month prior in the six years of monthly TREB data collected by The Brampton Guardian.

Brampton also outpaced its neighbour in sales in the first month of 2018, with 430 total sales compared to 409 in Mississauga.

Where Brampton saw growth in all sectors of its market over last January, Mississauga experienced more of a mixed bag.

While detached homes in Brampton climbed 1.4 per cent over January 2017 to an average of $796,731, the same sector in Mississauga fell by 13.4 per cent to $1,022,125.

Similarly, a small 1.4 per cent gain in Brampton’s semi-detached segment to an average of $621,995 last month, was met by 6.4 per cent decrease in that sector for Mississauga to $686,115.