June Newsletter

June Newsletter

JUNE 2022

ERIN MILLS NEIGHBOURHOOD NEWSLETTER GTA REALTORS RELEASE MAY 2022 STATS

RSVP to 905-271-5141 or [email protected] Twin Rinks Erin Mills 3205 Unity Drive, Mississauga Sunday April 3, 2022 Ice Time 11:30-12:30 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. Pizza & refreshments served in the party room upstairs afterwards! Bring your own skates. Half ice for Stick and puck.

Market Activity Report: Erin Mills January - May 2022

7 115

146 118

Average Days on Market Average % Ask to Sale Price

Total Listings Total Sales

Average Sale Price Lowest Sale Price Highest Sale Price

$3,010,000 $1,480,000 $1,200,000

$1,684,000 $1,182,421 $970,387

$1,020,000 $965,000 $830,000

Detached Semi Detached / Link Townhouse

BrokerBay Stats For All Property Types In Erin Mills May 2020-2021-2022

New Listings

Sold

Avg. Sale Price

Days On Market

May 2020

May 2021

May 2022

WE ARE IN THE MIDST OF A MARKET SHIFT. WHAT DOES THIS MEAN FOR YOUR BUY/SELL DECISIONS? WE CAN HELP WITH A PERSONAL MARKET STRATEGY LET'S CHAT TODAY! 905-271-5141

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 1008-1800 THE COLLEGEWAY

sold!

sold!

FOR SALE 1505 SAFEWAY CRES

2207 COUNCIL RING RD RD RD

69-2676 FOLKWAY DR

TheHanlonTeam.com 905-271-5141