After a volatile 2017, Brampton’s real-estate market has remained mostly steady through the first nine months of 2018.

While the average sale price in Canada’s ninth largest city has declined from its peak set in March in 2017, those declines have been far less pronounced than in other markets around the GTA.

According to the latest monthly market from the Toronto Real Estate Board (TREB), the average sale price for dwellings of all types came in at $691,269 in September.

That number represented a year-over-year gain of 4.2 per cent over September 2017. However, Brampton’s market is still off 9.6 per cent from its high-water market, which came in March 2017 at $765,156.

A near 10-per-cent drop in average market value certainly isn’t a positive sign, but Brampton has fared much better in this regard than some other GTA markets over that same 18-month period.

Since March 2017, the average price for a home in Newmarket, for example, has fallen 26.3 per cent from a monthly average of $1,050,658 to an average of $774,756 last month. Richmond Hill has seen a 25.2 per cent drop, while Vaughan has tumbled 19.2 over the same 18-month period.

Neighbouring Mississauga falls in the same category as Brampton, with last month’s average for all types of dwellings in that city clocking in at $734,901. That marks a 7.9 per cent decline from its market peak average of $798,670 in March of 2017. The declines have also been less pronounced in neighbouring Halton Region.

“It is healthy to see sales and prices in many areas across the Greater Toronto Area up a bit, compared to last year’s lows. At the same time, however, it is important to remember that TREB’s market area is made up of over 500 communities. Market conditions have obviously unfolded differently across these communities,” wrote TREB president Garry Bhaura in his monthly GTA market report.

While average prices have mostly remained stable through the first nine months of the year, fluctuating between $690K and $710K, the story for 2018 remains a significant decline in total sales across the whole GTA compared to recent years.

In Brampton, TREB has reported a total of 5836 sales between January and September. That represents a decline in total sales of 16.8 per cent compared to the first nine months of last year, and a 26.8 per cent decline with 7977 sales seen over the same period in 2016.