• 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


Vegfest Mississauga

Mississauga Veg Fest is the city's first inaugural Vegan food festival
May 12, 2018  |  11am-6pm


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


Mississauga Waterfront Festival

One the best family friendly Mississauga events!
June 15, 16, 17 - 2018


Canada Day Parade & Memorial Park Celebration

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

  • 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.



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


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.


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



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



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



Sales-to-new Listings Ratio

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



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



% 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.



Average Days-on-Market

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



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




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


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


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!


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.


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.

  • Larose Team
  • 22 February 2018

Although most of the recent articles in the Globe and Mail and The Star seem somewhat gloomy, market results last January were highly unusual due to the spike in activity for the first few months of last year coupled with low inventory. Sales in January posted by the Toronto Real Estate Board were down 22%, new listings up 17.4 percent, with days on market stretching to a healthy 32 from 19 a year ago. The average price was down 4.1%.

“In analyzing the data compared to 2016, we are seeing more typical results in both the number of new and active listings as well as unit sales and days on market” says Kevin Larose from The Larose Team.

Although down from last year, the average price for January 2018 is still up 16.6 percent over January 2016 which is in line to growth levels over the past 10 years. We have had a cold start to the year here in the GTA - a harsh winter that is keeping many buyers from coming out to see new properties with the exception of condos. The condo market continues to experience a surge of activity as first time buyers jump in to buy. A good sign of things to come.

Treb forecasts the overall sales units for 2018 should end up close to 90,000- just slightly less than the 92,394 recorded in 2017. What will most likely change is the mix of property types as prices continue their upward climb.

For example- in Mississauga, overall unit sales in January were down 24% with the average price down 11%- primarily due to the lack of sales in single family homes. Sales of condos and townhouses are up in units and in average price as first time home buyers step into the market. “We are experiencing more activity in single family homes as we move in to February and new inventory arrives on the market says Kevin. We expect those who get their homes listed now may end up ahead of the surge.” Again, a good sign of things to come.

If you have decided to sell your property this spring, contact us for more information and a complimentary market evaluation.

You can reach us at 905 278-7355 or email info@laroseteam.com

  • Larose Team
  • 01 February 2018

Winter can be a dark time, both literally and figuratively. From yoga studios to cafés, however, recognition is growing of how light can be used to set an internal scene.

When architect Monica Adair arrived at the hospital for the births of her two sons, she insisted on bringing a set of Japanese paper lanterns into the delivery room both times. "I was like, 'There's no way a baby is going to go from this darkness, this translucent environment, into fluorescent lighting,'" she says. The nurses laughed, but Adair says the lights set a precious, intimate stage as she recovered, and the family bonded. "That really mattered to me: I wanted them to come out and experience this world as beautiful, not cold, or hard."

Like Adair, a wave of designers and artists, alongside medical professionals and wellness entrepreneurs, are increasingly using light to reset our mental landscapes and help us perceive our environments in new ways. From cheeky neon signage to medical-grade light boxes, twinkling fairy lights to high-tech preset mood lighting – this most visible of invisible forces gives us another way of seeing life more clearly. For many Canadians, winter is a dark time, both literally and figuratively: It's typically when seasonal affective disorder (SAD) occurs, in the form of fatigue, carbohydrate cravings, irritability and depression. According to the Canadian Mental Health Association, those who experience SAD make up around 10 per cent of all cases of depression, and about 2 per cent to 3 per cent of us will experience the disorder in our lifetimes.

And the culprit isn't necessarily winter's washed-out colour scheme of snow and salt on pavement. It's the lack of bright light early in the morning that disrupts our mood, says Robert Levitan, the Cameron Parker Holcombe Wilson Chair in depression studies at Toronto's Centre for Addiction and Mental Health. "Many people will have changes. Once it prevents people from going to work, or functioning at home, that's when we call it SAD," Levitan says. "But there's tons of people who have less severe versions."

But, he says exposure to an ultraviolet-filtered light for a half-hour in the morning has been clinically shown to improve mood and have a stimulating effect on our circadian rhythms. The Toronto Public Library also introduced light therapy lamps at some of its branches last year, and Levitan says some cafés in Europe even offer ultraviolet-filtered lighting as a draw.

Beyond its use as a medical treatment, light also adds an aesthetic element to how we see the world. As American artist James Turrell once said of his work, "I want to create an atmosphere that can be consciously plumbed with seeing, like the wordless thought that comes from looking into the fire." Famed for using vibrant colour washes and elaborate visual illusions to disorient and re-engage our sense of sight, Turrell's work simultaneously tackles both the human exterior and interior, intended to set an internal scene as much as an exterior one.

And it's light's primal power to set a mood and hijack our sense of space or time – speaking directly to our primordial, reptilian brains – that appeals to artists Nina Ryner, founder of London's ChromaYoga. Housed in a soundproofed space in the city's eclectic Shoreditch neighbourhood, the studio uses a shifting colour spectrum as the backdrop for a wide range of yoga classes: from an active, energetic red class to a pink-washed yin class Ryner says evokes feelings of "nurturing and love." This month's classes are packed with the New Year's resolution crowd, and she plans to open another location in London by the end of the year.

Ryner, who hopes to eventually export the concept to North America or Europe, cites Turrell, along with artists Liz West and Dan Flavin, as major influences on her colour-drenched sensibility. Similar to how a heated yoga studio can help focus in the mind, Ryner says her modern studio uses light to help attendees access a new level of mental clarity. While most initially come to the studio for the physical benefits, she says yoga-goers are increasingly showing interest in how a room bathed in a single colour impacts their mental geography.

Lucky for those of us looking for design – and wallet-friendly ways to brighten or lift a space closer to home – designers and retailers are increasingly selling beautiful and functional fixtures, even branching into once prohibitively expensive materials such as neon. When planning lighting, Adair recommends thinking carefully about what mood you're trying to set. Lighting companies are increasingly selling electrical panels that use pre-set levels, from romantic to business meeting, and she says dimmers are always a good investment. And as LED technology improves and evolves, a white light can become red, yellow, or blue with a simple touch of a button.

Then there's always cheap-and-cheerful twinkle of Christmas and patio lights. In the airy top-floor office in Saint John, where Adair and her husband, Stephen Kopp, run Acre Architects, strands of sparkling orbs provide more ambiance than illumination. The pair also like using small, ground-level lights to help brighten walls, for instance. "There's a difference between atmospheric lighting and lighting a space to be able to dust or clean," Adair says. "Think of it like this: It's not necessarily about seeing light, but eliminating darkness."


SOURCE: www.theglobeandmail.com

  • Larose Team
  • 24 January 2018

TORONTO, ONTARIO, January 2018 – The Toronto Real Estate Board recorded 92,394 sales through TREB’s MLS® System in 2017 which is is down 18.3 per cent in units compared to the record set in 2016. Record sales in Q1 were followed by a decline in Q2 and Q3. The average selling price for 2017 was $822,681 – up 12.7% over 2016. The annual growth was driven by extremely tight market conditions during the first four months of the year. Of note, home price growth in the second half of 2017 differed dramatically depending on home type. The detached segment experienced the lowest increase while the condominium apartment segment experienced double-digit growth.

Much of the sales volatility in 2017 was brought about by government policy decisions. The Ontario Fair Housing Plan, which included a foreign buyer tax, had a definite psychological impact on the market. Some areas in GTA such as Oakville have seen prices fall on a year over year as they they had a higher level of foreign investment in the spring which has largely concentrated at the high end of the market. We experienced the same run up as well in the prime south Mississauga areas. Wealthy foreign buyers continue to price local affluent buyers out of high end neighbourhoods.

In the first few months of 2018, government policy could continue to influence consumer behavior as changes to federal mortgage lending guidelines came into effect on Jan 1st. New mortgage rules have been expanded to apply to uninsured mortgages as well, (those with a downpayment in excess of 20%) “What it means for buyers is more money down, a less expensive property- or seek a mortgage from a mortgage lender not governed by the federal banking regulator” says Kevin Larose of The Larose team. “Some but not all pre-approvals were subject to 2017 rules- check with your lender before you purchase.”

A growing supply of inventory has kept price increases in check. The central bank raised its key lending rate by .25% this month to 1.25%. And Canada’s 6 largest banks have announced they will raise the prime lending rates to 3.45% “What will have more of an affect on the market than anything else is rising interest rates” says Kevin Larose. We can expect a steady spring market and those that go to market early could end up the big
winners this year.”

The economy is healthy and there is much building and growth planned here in the south Mississauga areas. If you are looking to make a move in 2018, contact us at 905 278-7355.