CEM Newsletter

CEM Newsletter

JUNE 2022

CENTRAL ERIN MILLS NEIGHBOURHOOD NEWSLETTER

GTA REALTORS Release May 2022 Stats

Greater Toronto Area (GTA) housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a month-over-month and year-over-year basis. More balanced market conditions have provided buyers with more negotiating power. As a result, while benchmark and average home prices were up substantially compared to last year, selling prices trended lower on a month-over-month basis. ''Bank of Canada rate hikes, including the 50-basis point hike on June 1, are impacting home buyers in the short term. There is now a psychological aspect where potential buyers are waiting for a bottom in price. This will likely continue through the summer. However, as home buyers adjust to higher borrowing costs, housing demand will be supported by extremely low unemployment, high job vacancies, rising incomes and record immigration,'' said TRREB President Kevin Crigger. ''Price trends observed over the past three months - both in terms of moderating annual growth rates and the recent month-over-month dips - are in line with TRREB's forecast for 2022. After a strong start to the year, the current rate tightening cycle has changed market dynamics, with many potential home buyers putting their purchase on hold. This has led to more balance in the market, providing buyers with more negotiating power,'' said TRREB Chief Market Analyst Jason Mercer.

Freehold Activity Report: Central Erin Mills January - May 2022

Low

Average

High

Total Sales Total Listed

37

49 Detached $1,787,871 $1,300,000 $2,440,000

Market Activity Report: Central Erin Mills May 2022

Tune In for Your Central Erin Mills Monthly Market Reports

Email us for your market report if you're not on social media Peter Scarcella [email protected] 416-518-9613

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YOGA AT PHEASANT RUN PARK JOIN US FOR OUR OUTDOOR YOGA SESSIONS ON: Wednesday July 6 @ 6:30pm Wednesday August 3 @ 6:30pm

Please help us support The Mississauga Humane Society with a Twoonie Donation

Register at: [email protected] 905-271-5141

Located at 4160 Pheasant Run

Client Referral Breakfast The Hanlon Team would like to thank everyone that came out to our client referral breakfast at the Apricot Tree Café on Saturday June 11th. It was lovely to spend time with everyone and share a wonderful meal together. Thank you for your continued support and confidence in our services. We truly appreciate all your referrals.

Are you an animal lover who wants to help cats and dogs in need? It's kitten season and The Mississauga Humane Society has many kittens available for adoption. If you are interested you can access the adoption application at: MississaugaHumaneSociety.ca/animals

Sponsor a pet in 2022 and help save a precious life visit:

MississaugaHumaneSociety.ca

www.facebook.com/groups/ERINMILLS What's Happening in Erin Mills?

Get connected by joining our community hub for local businesses and residents of Erin Mills. We would love to see you engage, share, comment and post about all great things happening in Erin Mills.

Save 10% JULIA'S BISCOTTIS Choose Colours and Flavours. Parties, Events, Weddings, Home Delivery [email protected]

Champagne Floral Designs Your Neighbourhood Florist [email protected] Champagnefloraldesigns.ca

Instagram @juliasbiscotti

$25 OFF

https://www.erincentrechiropractic.ca 905-607-5447 2690 Erin Centre Blvd, Mississauga *Discount Applies To First Visit Only

[email protected] 647-216-7605 B.PHED (HON) B.ED M.ED OCT Certified Discount on first session

Amazing experience! Our agent was attentive, accommodating and positive all around. They understood our requirements and worked closely with us in finding our dream home. We were initially overwhelmed with our options and direction, but they provided the guidance to ensure that we make the right decision. I would highly recommend working with The Hanlon Team for your real estate needs. - Rogine

The process from start to finish was so well organized and professional. Over the course of 3.5 weeks our home was ready, listed and sold over asking. The Hanlon Team had arranged everything and treated our home like it was their very own. I can’t say enough for how much the team used their expertise to maximize the sale of our home while making it truly painless on our end. This was a big life decision and trusting a professional was a must! - Elaine

EXPERIENCE OUR EXCEPTIONAL SERVICE TODAY! CALL US AT 905-271-5141

Find Out Your Home's Worth Scan The Code TODAY!

OUR TEAM IS HONOURED TO SERVE THE ERIN MILLS COMMUNITY FOR OVER 35 YEARS!

OUR FEATURED LISTINGS

SOLD OVER ASKING!

895 MISSISSAUGA HEIGHTS DR

FOR SALE 76 HERITAGE RD, INNISFIL

sold!

sold!

sold!

2475 BURNFORD TRAIL

2207 COUNCIL RING RD RD RD

69-2676 FOLKWAY DR

TheHanlonTeam.com 905-271-5141