Erin

established 1820

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About Erin

Erin is a town in Wellington County, approximately 80 kilometres northwest of Toronto, Ontario, Canada. The amalgamated town is composed of the former Villages of Erin and Hillsburgh, both urban centres now, as well as the former Township of Erin.

At the headwaters of the Credit and Grand Rivers, Erin’s tree-lined downtown is a pedestrian paradise. Picturesque and historic, you can stroll with a locally roasted coffee from the Tin Roof Café in hand, purchase a gourmet treat from Debora’s Chocolates, and meet friends for lunch on the patio at The Busholme.

Nature is at your doorstep in Erin. Grab a friend and enjoy a hike through the Elora Cataract Trailway. Surrounded by more than 500 trails, including the Grand Valley Trail and Bruce Trails, the opportunities to explore the outdoors are endless in Erin.

market update
market update

Comparative Analysis

  2022 Y/Y M/M
Sales 2 -81.8% -71.4%
New Listings 11 -26.7% -15.4%
Average Sale Price $1,478,000 15.6% -19.9%
Median Sale Price $1,478,000 13.8% -10.4%
SNLR* 18.2% -55.2% -35.7%

Source: TRREB Market Watch Report – Summary of Existing Home Transactions (Detached)

*SNLR (Sales-to-New-Listings-Ratio)

  • SNLR at 55% or more indicates a seller’s market; more buyers than properties for sale
  • SNLR between 34% and 54% indicates a balanced market; about the same number of properties for sale as there are buyers
  • SNLR at 35% or less indicates a buyer’s market; more properties for sale than there are buyers
erin
erin

April 2022

The Toronto Regional Real Estate Board (TRREB) has released its latest market stats, which show a 30 percent decline in sales compared to the record result of 15,628 in March 2021. Month-over-month the average selling price dipped slightly to $1.3 million for all housing types.

New listings were also down on a year-over-year basis, but by a much lesser annual rate than sales. This suggests that while market conditions remained very tight, homebuyers did not experience the same level of competition from other buyers compared to a year earlier.

“Competition between homebuyers in the GTA remains very strong in most neighbourhoods and market segments. However, we did experience more balance in the first quarter of 2022 compared to last year. If this trend continues, it is possible that the pace of price growth could moderate as we move through the year,” said TRREB Chief Market Analyst Jason Mercer.

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listings

Area listings

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