July Newsletter

July Newsletter

ERIN MILLS SUMMER 2022 NEIGHBOURHOOD NEWSLETTER GTA REALTORS RELEASE JULY 2022 STATS

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Pizza & refreshments served in the party room upstairs afterwards! "With significant increases to lending rates in a short period, there has been a shift in consumer sentiment, not market fundamentals. The federal government has a responsibility to not only maintain confidence in the financial system, but to instill confidence in homeowners that they will be able to stay in their homes despite rising mortgage costs. Longer mortgage amortization periods of up to 40 years on renewals and switches should be explored," said TRREB President Kevin Crigger. Bring your own skates. Half ice for Stick and puck. 3205 Unity Drive, Mississauga There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 – down by 47 per cent compared to July 2021. Following the regular seasonal trend, sales were also down compared to June. New listings also declined on a year-over-year basis in July, albeit down by a more moderate four per cent. The expectation is that the trend for new listings will continue to follow the trend for sales, as we move through the second half of 2022 and into 2023. "Many GTA households intend on purchasing a home in the future, but there is currently uncertainty about where the market is headed. Policymakers could help allay some of this uncertainty. As higher borrowing costs impact housing markets, TRREB maintains that the OSFI mortgage stress test should be reviewed in the current environment," said TRREB CEO John DiMichele.

Market Activity Report: Erin Mills May - July 2022

Total Listings Total Sales

118 71

Average Days on Market Average % Ask to Sale Price

13 104

Average Sale Price Lowest Sale Price Highest Sale Price

Detached Semi Detached / Link Townhouse

$1,443,379 $1,039,972 $891,750

$976,000 $780,000 $762,000

$2,200,000 $1,325,000 $1,055,000

905-271-5141

YOGA AT ARBOUR GREEN PARK JOIN US FOR OUR OUTDOOR YOGA SESSIONS ON: Wednesday September 21 @ 6:30pm Wednesday September 28 @ 6:30pm Located at ARBOUR GREEN PARK Register at [email protected] 905-271-5141 *New location: 4145 Treetop Cres, Happy Summer From The Hanlon Team!

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

Shirley & Stephen with Abbey on the Rideau Lakes

Oresta enjoyed the circus

Andrew at the cottage

Sean and his fiancé have been

attending weddings

Trina paddling the canal

Pamela took a family trip to Dominican

Shauna and her fiancé were on a cruise

Lisa paddling with her daughter

Peter enjoyed the Canadian Open

Dorothy golfing Vic Valley Guelph

Meet & Greet Pet Adoptions: August 12th-14th 1:00pm-5:00pm Ren's Heartland August 27th 1:00-3:00pm

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

Global Pet Foods Burnhamthorpe

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. We want to hear from you! If there is a business you rave about and would ❤️ to give them a shout out, let us know! We would ❤️ to give them a free featured spot in our upcoming newsletters. We are looking for 10 fabulous local businesses to support. Reach out today at [email protected]

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Our Featured Listings

126 Maple Sugar Lane, Vaughan

76 Heritage Road, Innisfil

sold!

sold!

7180 Triumph Lane

1008-1800 The Collegeway

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

Answers will be reveled in our September Issue. Send us your completed crossword before September 1st for an entry into our crossword raffle contest. Winners will be drawn from all entries between August and November on December 1st for a $100 Walmart Gift Card. Crossword Contest

REAL ESTATE

Down 1. Stay warm in the winter 2. Our team name 3. Open the door 5. Home that is movable 6. Unit in a high rise

7. Prepares legal documents 10. Keeps the car snow free 11. Hold ownership of your home

Across 4. Loan from the bank 7. Take care of the lawn 8. Summer getaways 9. Helps sell your home

HOME SWEET HOME

sold!

sold!

SENIOR'S

& TEA MEET UP Starting this fall! Call us for details and to register interest 905-271-5141

TheHanlonTeam.com 905-271-5141