• Larose Team
  • 12 June 2018

YOU ARE INVITED...


THURSDAY, JUNE 14  3-730PM

Join us for an exclusive VIP viewing of this stately home in the prestigious Mineola West neighbourhood.

Cocktails and Hors D'oeuvres will be served 

Your opportunity to visit this fabulous custom built estate home in prime West Mineola- over 5000 SqFt.- multiple walkouts, exquisite details, custom backyard renovation with over 800K spent including pool, waterfall, outdoor kitchen- Stunning!

For more information about 151 Veronica - go here


  • Larose Team
  • 28 May 2018



May 2018 – Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® system in April 2018- down 32.1% on a year-over-year basis. The average selling price was $804,584 - down by 12.4 per cent. As a comparison, unit sales in Mississauga were 1,127 in April - down 42% and the average price of $721,160 fared a little better than Toronto down 10.4% over last year.

Canada’s housing markets have been adjusting to measures meant to cool them down- from taxes on foreign buyers primarily in the GTA and Vancouver, to new mortgage ‘stress test’ rules. This has eliminated some buyers who were perhaps not properly pre-qualified to buy in the price range they wanted to buy in. “Buyers will soon adjust their expectations to a less expensive home” says Kevin Larose from the Larose team.

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Another major factor in declining sales in April was a reduction in new listings as sellers have sat on the sidelines waiting for the market to strengthen. The stats show for April, the number of new listings in Mississauga fell by 36% (736 units) - a factor that has helped keep prices relatively stable as the volume of sales has declined.

Changes in the type and price point of homes being purchased has also impacted the overall results. This is especially clear at the higher end of the market where detached home sales for $2 million plus accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017. The luxury market in the GTA has experienced a steep 68% decline in unit sales for the first quarter of 2018.

Recent polling conducted for TREB shows that the great majority of buyers are purchasing a home within which to live. It looks like the speculators have gone to Montreal as the city is experiencing a mini boom” says Kevin Larose of the Larose Team. This means these buyers are treating home ownership as a long-term investment which is a good sign for both buyers and sellers. “Buyers are looking at ‘community first’ when making their purchasing decision now and coveted neighbourhoods here in south Mississauga will only continue to become more desirable.”

If you are considering a move, timing couldn’t be better as we are entering the height of the Spring market. Sales and prices peak at this time of the year- see the graph below.
Contact us today for a Confidential Market Appraisal at 905 278-7355 or kevin@laroseteam.com

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Steady Growth Continues in the Mississauga Condo Market

As we head into what is traditionally the busiest real estate season of the year, we are continuing to see a steady growth, though we aren’t seeing the increase in month-to-month numbers we saw earlier this year. But as we’ve seen since January, this is definitely the condominium’s year.

Mississauga condo sales and prices have been steadily rising. And it seems that purchasing a condo is the more preferred choice for homebuyers and as it’s still the more affordable housing option.
Although month-to-month average pricing stayed relatively the same, apartment style condominiums gained 5.6 percent at an average sale price of $435,254 compared to $412,241 a year before.

There were 249 condominium sales in April compared to 360 condominium sales in April the year before, and the amount of listings was lower, with 372 new listings compared to 497 new listings from the previous April.
“The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types,” said Jason Mercer, TREB’s director of market analysis.

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LIVE IN THE SOUTH MISSISSAUGA COMMUNITIES?

Download our April Newsletter to see the first quarter year-over-year stats for number of houses sold, average price, says on market, and sale-to-list price.



Port Credit

Mineola 

Lorne Park

Lakeview

Lakeshore Condos

Don't live in one of these areas? We can still provide you with up to the minute market stats. Visit homesoldprices.com to get started!


  • Larose Team
  • 24 May 2018

We take care of you.

This has been Kevin Larose’s philosophy and his north star ever since he started in real estate 18 years ago.

The Larose Team was founded on that very tenet of integrity and taking care of people, and for a good reason. After almost two decades in the industry, we know a thing or two about the expectations and goals clients have when working with a real estate team.

That’s why our customer journey is all about you—and all your housing needs—first.

Kevin had a clear vision of what “taking care of you” would look like from the early days. He also knew that in order to achieve that vision he wanted the best of the best on his team and worked tirelessly to build that dream team. It’s no surprise then that he has one strong team behind him today.

Kevin Larose - Team Leader

For one, his wife and champion broker, Marlene, is an arbiter of high standards, and she’s never met a client whose goal she can’t beat. When you work with us, Marlene, along with Tina and Rebecca ensure that your property is expertly packaged to maximize the selling price.

Marlene Baur Larose - Broker

The same goes for Kelly Attrell- Kelly gets that passion. She grew up showing horses competitively outside of her native Guelph, so imagine the kind of expectations she has. We can say the same about Phil Wright, another one of our acclaimed agents, who’s love for Port Credit harkens back to his childhood. He’s a community man, the kind people say hi to on the street when he is walking his dog, Barkley. We love that, too.

               

Kelly Attrell - Sales Representative    Phil Wright - Sales Representative

Katrina Dauphinee and our newest agent Natasha Jelinek round out our world-class sales team, and both are experts in their respective communities.

                             

Katrina Dauphinee - Sales Representative      Natasha Jelinek - Sales Representative

Krista Kendy and Liz Little run the administrative side of our operation, and both are beacons of client support. They are there for every family—from the moment they first shake our hands to the day they move in. They check in with our clients regularly and ensure all their needs are met - and then some.

                             

Krista Kendy - Administrative Manager      Liz Little - Senior Administrator

Last, but not least is Chris Hillier, our marketing arm. Good thing we’ve got him, too. He makes sure every single listing detail represents your home in the best possible light for a quick sale. His passion for technology, social marketing and keen eye for detail are crucial in how we remain leading edge.

                

Chris Hillier - Marketing Director / Sales Representative    

All that said, there’s only one lynchpin that keeps our team’s bond strong, and that is our philosophy—we’re not in this to push homes. We’re here to serve you.

Like we say: We’re not number one- You are.

To read more about the Larose team head over to our team page here and let us take you home, happy.

- Larose Team


  • Larose Team
  • 14 May 2018

If you haven’t heard, a lot’s abuzz in Mississauga’s most charming (not to mention up and coming) neighbourhood this season. From farmers markets like no other to an epic art fest you have to see, here are a few good reasons to put Port Credit in your home buying plans.

We’re going to let you in on some insider info—Port Credit’s the next place to be.

And remember—you heard it here first.

And with home prices downtown not budging anytime soon, we’re continung to see that slow, but steady exodus to outlying, yet newly sought-after GTA neighbourhoods continue unabated. One of those areas is Port Credit, and with Lake Ontario at arm’s reach, it’s little wonder why the waterside neighbourhood community is attracting more attention. Not to mention, an abundance of acclaimed boutiques, cafes, and restaurants that dot Port Credit’s legendary strip of Lakeshore Road.




Events are a mainstay in Port Credit, and the place is teeming with them. There’s the annual Waterfront Festival*, a big hit that runs from June 15th to the 17th. For fans of live, local country music and tribute bands that have no business being as awesome as they are, then this is the festival for you. Also, don’t miss the farmers market* each and every Saturday which run from June to October - located in the parking lot at the corner of Lakeshore Road East and Cayuga.

Plus there’s the mettle-testing Mississauga Marathon* on May 4th (don’t worry, they’ve got short circuits), and new for this year Mississauga’s ‘Vegfest’*, a festival for vegetarians on May 12th at the Port Credit Memorial Arena. Not to be missed is this year’s Canada Day Parade* on Lakeshore Road and Memorial Park Celebration* on July 1st.

Don’t just take it from us, though. Ask anyone in this neighbourhood and they’ll tell you—it’s hard to beat lakeside living!

--

Spring/Summer Event List

Mississauga Marathon

Celebrating 15 years running!
May 4-6, 2018
http://mississaugamarathon.com/

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Vegfest Mississauga

Mississauga Veg Fest is the city's first inaugural Vegan food festival
May 12, 2018  |  11am-6pm
https://www.facebook.com/mississaugavegfest/


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Port Credit Farmers Market

Mississauga Veg Fest is the city's first inaugural Vegan food festival
Every Saturday from June – October, at 8:00am until 1:00pm
http://www.portcredit.com/farmers-market/

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Mississauga Waterfront Festival

One the best family friendly Mississauga events!
June 15, 16, 17 - 2018
http://www.themwf.com/


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Canada Day Parade & Memorial Park Celebration

Canada Day in Port Credit! There`s nothing better!
July 1, 2018  |  Parade: 10am-3pm   Fireworks: 10:15pm
http://paintthetownred.ca/


  • Larose Team
  • 11 May 2018

Yesterday was Keller Williams annual day of service – Each year on the second Thursday of May we celebrate RED Day as part of our legacy worth leaving. Making a difference in the lives of others and bettering the communities we serve. And today, we make a couple parks in Mississauga a little greener by planting trees as part of the '1 Million Trees' initiative

One Million Trees Mississauga was launched to help conserve and enhance the City’s open spaces and forested areas for future generations to enjoy! Trees will be planted by City staff, partners and volunteers on public and private property. Residents who plant a tree on their private residential property can add it to our tree planting total and have it count towards our One Million Trees goal.

Looking to register a planted tree? visit: https://www.onemilliontrees.ca/


  • Larose Team
  • 04 May 2018



This Spring, Port Credit will be the host of Mississauga’s inaugural VegFest, a festival celebrating everything involving the vegetarian lifestyle. Over 60 vendors and exhibitors will be present to display delicious food, body care products, clothing, treats for animals, children’s activities (a KidSanctuary) and more!

The event, which aims to draw thousands of visitors from Mississauga and beyond, will be at Port Credit Memorial Arena (40 Stavebank Rd.) on Saturday, May 12th, from 11:00am-6:00pm. Admission is free. Everyone is welcome to join in -from vegans to carnivores, to the health conscious or junk food-foodies. Whether you love to try new dishes, or you want to indulge in a treat, or if you want a day of fun with friends and family- there is something for everyone!

For more information about the event - visit: http://www.mississaugavegfest.ca/


  • Larose Team
  • 23 April 2018

In the first quarter of 2018, sales in the Mississauga area have followed those in the GTA with unit sales plunging more than 29% and the average sales price down 11% compared to 2017. Average days on market are back to a normal 24 from 11 and sales to list price is a sustainable 98% from 109% in the first quarter of 2017.

At this time last year ‘the fear of missing out’ prevailed as prices continued to spike and inventory was at an all time low. Some of the dip in average selling price was also reflective of the type of properties sold this March- unit sales of detached homes which generally represent the highest price points, declined by 66% which was significantly more than other home types. Condo sales are outperforming the average partially due to the fact that 48% of GTA condos are bought by investors who rent the units. As baby boomers look to make changes in their living arrangements, purchasing a condo here in Mississauga and buying a vacation or second home has become an important lifestyle change.

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This year is bringing a new set of mortgage rules and a different mindset of potential buyers and sellers as the market presses the reset button and we move into 2nd quarter. Sales and prices have started to climb as we exit March and with 2-3 months of inventory we are in a good position to see sales rise in the 2nd quarter which is typically the strongest quarter for home sales. “We are still experiencing a shortage of good properties in high demand areas fuelling predictions of stronger growth in the next several months” says Kevin Larose of the Larose Team.


The fundamental economic drivers in the GTA are strong- low unemployment rates, increased immigration and higher minimum wages. In March, the number of new mls listings in the GTA posted on Treb totaled 14,866 – a 12.4 per cent decrease compared to March 2017 and a three per cent decrease compared to the average for the previous 10 years.


For more information regarding your community and or sold prices in your area contact us at 905.278.7355 or info@laroseteam.com

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Mississauga Condo Market Sees Small Price Gain, But Numbers Down Year Over Year

The Mississauga real estate market has experienced declines both in terms of average price and sales. The average sale price for a detached home in Mississauga in March 2018 came in at $1,076,183, representing a 14.2 percent decline over the same month the previous year. Sales of detached homes fell from 409 in March 2017 to 246 last month.


The Mississauga condo market fared better- the condo townhome segment saw a small 3.5 percent year over year decline in average price from $601,923 last March to $580,614 in March of this year.


The condo apartment segment increased in value last month compared to March 2017, climbing from $402,344 to $435,036 or an 8.1 percent year over year increase.


Both sales of condo townhomes and apartments saw declines in total sales. Sales of townhome condos fell from 192 in March 2017 to 133 in March 2018 while condo apartment sales fell year over year from 367 to 251.
According to CBC, a current new condo market trend that has sparked attention is that nearly half of all new condo sales last year in the GTA were for rental purposes.


Rental investors accounted for 48 percent of new condo closings in 2017. Many investors believe buying and holding on to condos may reap benefits down the road, given fast-rising property prices in recent years.

Condos accounted for a record high of 80 percent of all new home sales in the GTA in 2017, and some investment brokers feel that buyers are looking for more than rising equity.

Brokers said investors were generally confident that interest rates will remain low, while rents and condo prices would continue to rise.

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Live in the South Mississauga Communities?

Download our April Newsletter to see the first quarter year-over-year stats for number of houses sold, average price, says on market, and sale-to-list price.

Don't live in one of these areas? We can still provide you with up to the minute market stats. Visit homesoldprices.com to get started!


  • Larose Team
  • 19 March 2018

Market Data: What's important for you to know

As professional realtors in our neighbourhoods, understanding the market data and our role as information interpreters becomes more important than ever.

Everyday there are new headlines about the market- one week the headlines focus on ‘The Market is down 32% from February 2017’ to the next week- ‘Markets are Up 4.2% Month over Month’ and showing smart gains.

Lets be clear, you can use numbers to interpret the data in whatever way you want to use them- the issue is what are the important metrics in which to focus in order to forecast where the market is headed. Our interpretations below:

Here's how we see it: Mississauga Stats - February

 2018

 2017

Unit Sales 

Down 62% in units- Buyers and sellers try and assess impact of new mortgage rules and rising interest rates; not an excuse but the weather was partially
to blame

491

779

Average Price

Down 10.5% year over year; as prices started to spike; Noteworthy - Feb 2018 average prices still up 15.3% over February 2016

655

724

Sales-to-new Listings Ratio

50 percent suggests a balanced supply- last year we were in a very short supply

51.3

77.4

Months of Supply

Last years shortage of inventory with only one month of supply resulted in prices spiking quickly. In perspective, there were 1.8 months of supply in February 2016

1.9

1.0

% to Ask

This number highlights that last year, the average sale was 8% over asking price. Multiple offers were the norm. We are back in line.

97%

108%

Average Days-on-Market

Historical average is closer to 25 days - 2018 is on target - last year was unsustainable

23

12

The stats here in Mississauga are similar to the numbers we are seeing across the GTA. They can vary by area- as in some of the prime areas of Mississauga, the inventory levels for detached homes are still low and we have buyers just waiting for more properties to come up. Recent data indicates home prices in the GTA have risen 41% since 2013. In general, increase in house values are being driven by strong economic and population growth - and low mortgage rates.

Three factors are important to consider when selling in the current market: the location of your property, move-in condition, and of course price. If you have a well priced house that has been nicely renovated in a coveted neighbourhood, it will sell quickly. As professional real estate consultants, our job is to assess how your property measures up to these 3 factors. Without specific knowledge of the local market, this can be difficult to evaluate and can result in you leaving money on the table.

Contact us if you are considering a move. We won’t be able to change the location of your property - but we are experts in packaging and
preparing homes for market and will help you maximize the value of your home.

You can reach us anytime at 905.278.7355 or info@laroseteam.com


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New High-Rise Proposed Development Local Residents


There has been a new development proposed for the City of Mississauga, and many residents are uneasy about it. The Planning and Development Committee meeting on February 26th had many of its members of the community attend to discuss a potential high-rise building that could be on its way to Port Credit.

An application submitted to council has asked the city to permit a 15-storey apartment building with 207 units and three levels of underground parking on the south side of Park St. East, just east of Stavebank Rd. The proposed development would be next to the heritage designated Vimy Park.

The development would be located in an area of Port Credit that is marked as “residential high density” and already permits high-rise buildings. There are a variety of different properties in the area, including high-rise and mid-rise apartment buildings, detached homes and three storey rental units. Currently the land use is not zoned for a 15 storey building, so building it would require an amendment to the by-law.

Several members of the community spoke about ongoing difficulties with traffic in the area, and how the addition of a large complex could cause more congestion. Port Credit is already marketed as a tourist destination and is known for hosting Canada Day celebrations, music festivals and art shows. Some say the building could add more crowding to the popular neighbourhood.

Councillor, Nando Iannica, suggested the addition of the LRT and the existing Port Credit Go station would help ease the congestion and encourage people to use transit instead of cars. There were also concerns regarding the height of the building. With many senior citizens living in lower storey residential buildings, some said the 15-storey building might eliminate the community feel and appear out of place.

The proposed development has come to council during the transition of the newly-elected Dave Cook stepping into office. He is replacing former councillor Jim Rovey after his sudden passing. Cook will be critical to the approval or disapproval of the application, and he will be in attendance at the upcoming community meeting in relation to the property. The community meeting will be held on March 26th at Clarke Hall.

Source: Insauga

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GTA Condo Update

According to The Toronto Real Estate Board (TREB), the number of February sales was down by 34.9% compared to February 2017. The number of new listings has increased by 7.3%.

 GTA condos lead the 2018 market in term of demand and price growth. Comparatively over the last year, the average price of condo apartments increased 18.8% and condo townhomes by 3%. The overall average selling price for all house types was down by 12.4% over the last year.

 In Mississauga, the average price of a home (all housing types) was $655,804 and down by 6.4% compared to February 2017. In particular there was a high demand for condos in contrast to slower Mississauga real estate sales. Mississauga condos lead in the 2018 market in terms of price growth and demand.

 There were 197 condo sales in Mississauga compared to 282 condo sales the year before, and the average price was $411,561, compared to $326,125 in February 2017. The amount of new listings for February was 272 new listings compared to 293 listings from the previous year.

 Jason Mercer, TREB’s Director of Market Analysis, says “As we move further into the spring and summer months, growth in sales and selling prices is expected to pick up relative to last year. Expect stronger price growth to continue in the comparatively more affordable townhouse and condominium apartment segments.” 

Source: Treb

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Live in the South Mississauga Communities?

Download our March Newsletter to see last month's year-over-year stats for number of house sold, Average Price, Days on Market, & Sale-to-List Price.  


  • Larose Team
  • 19 March 2018

Join Kevin along with the best of the best this Thursday evening. Open to all, learn from this mega agent panel.
Looking to grow your business? Looking to join a team? Find out how they got to the top!

Want to attend? Email our team at info@laroseteam.com  Open to all brands & realtors!

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Thursday, March 22 at 6:30pm, Keller Williams Real Estate Associates
7145 West Credit Avenue, Mississauga
Building #3 Training Room


  • Larose Team
  • 13 March 2018

Looking for March Break activities to do with the family around Mississauga? Our favourite is ‘Maple Magic’ located at the Bradely Museum. There’s no better way to soak up Canadian heritage than feasting on and learning about our traditional maple syrup.

Below are a few of 'Insauga's' top march break activities in Mississauga.

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Maple Magic at the Bradley Museum

Who doesn't love maple syrup? There's no better way to soak up some Canadian heritage than by feasting on and learning about our traditional maple syrup, and the Bradley Museum has March Break activites every day from March 10-18! Some activities that families can indulge in?

  • Learn the Story of Maple with hands on interactive learning stations
  • Explore the Maple Trivia Trail
  • Oversize family games
  • Camp Lumperjack
  • Sample maple treats in the Bradley House
  • Pancake lunch at the Sugar Shack
  • Maple gift shop
  • Tours of the Historic Bradley House

This year, there’s also a petting zoo. Click here to learn more.

Indoor Skating Event at Erin Mills Town Centre

If you or your kids like to skate but don’t like to freeze in the great outdoors, you can head on over to Erin Mills Town Centre for an indoor skating event. EMTC says the event, which offers “prizes and fun,” will run from March 12-16. The week-long event boasts free skating for families and an evening skate with music and lights, free $5 food court gift cards for the first 50 families, free inflatable hockey shoot out, free giveaways and more.

Skates can be borrowed, but quantities are limited.
For more info, click here.

Skate on the Square

Although we’ve been experiencing some milder than normal temperatures, winter lovers should take comfort in the fact that it’s not going to be too warm next week. Weather permitting, the Celebration Square ice rink will be open to March Breakers for some of the final skate times this winter. For more information about skate times, you can visit this link.

Note that the Square skating hours are 10:00 a.m. to 10:30 p.m., so you'll have all day to enjoy the great outdoors.

Free Family Programs this March Break at The Riverwood Conservancy

If you love nature, you might want to check out some free family programs this March Break at The Riverwood Conservancy. Some activities on tap include the Party Safari Animal Meet & Greets (with exotic animals such as snakes, birds and lizards that kids can interact with), guided nature hikes and an informative look at Canadian animal skulls.

All children must be accompanied by an adult and registration is required.
Click here to register for an event.