JUNE 2022
ERIN MILLS NEIGHBOURHOOD NEWSLETTER GTA REALTORS RELEASE MAY 2022 STATS
RSVP to 905-271-5141 or info@thehanlonteam.com 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
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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
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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
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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
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