Options Mississauga - Celebrating 25 years!

06 December 2018
Larose Team

Celebrating 25 years! 

Options Mississauga in Port Credit celebrated their 25th anniversary last night with friends, family, and community members.

Joined by the new Mississauga ward 1 councillor, Stephen Dasko, Options had a ceremonial ribbon cutting to also acknowledge the new renovations!

Consider Options Mississauga for all your printing needs, for more details visit
Optionsmississauga.com

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From our October Market Report

Options Mississauga is a federally registered charity operating a social enterprise in the form of a retail printing and office services store in Port Credit. They support intellectually disabled adults in an inclusive community setting as they acquire the job skills they need to obtain employment.

This unique arrangement allows trainees to become familiar with business etiquette, serving customers and working with staff on a variety of jobs they do. The ultimate goal is to provide the tools: hard skills, familiarity with business operation and, perhaps most importantly, the confidence they need to become vocationally involved, where few other options exist.

Options Mississauga has been in business for 25 years and has consistently provided quality printing products at competitive prices. They also provide the kind of individual customer service that is rare in today’s retail environment. But best of all, by using them for your printing needs you are not only get the printing products you want, but every dollar you spend directly supports their mission.

Options has currently undergone a transition now offering a new intensive employment training program and more importantly, employment to their trainees.


Christmas at the Lighthouse

27 November 2018
Larose Team

Christmas at the Lighthouse is on Saturday, December 1st in the parking lot just south of the lighthouse.  A family event that features pictures with Santa, interactive ice sculptures, kids crafts, a storyteller, live entertainment, festive artisan market vendors and more.

The lighthouse lighting ceremony will feature carol singing and greetings from Dignitaries.

Christmas at the Lighthouse event that will be held as a fundraiser for The Compass.

Bring a non-perishable food item and help build a mountain of food for The Compass

  Events

November Market Report

21 November 2018
Larose Team

October 2018-  Greater Toronto Area REALTORS® reported 7,492 sales through TREB’s MLS® system in October 2018 – a 6% per cent increase over October 2017. The average selling price for all housing types was 807,300 - up 3.5%. There were 14,431 new Listings entered into TREB’s MLS® System in October 2018 – down 2.7 per cent compared to October 2017. The fact that sales were up and new listings were down year-over-year suggests that market conditions have become tighter. Sales growth has outstripped growth in new listings for the last five months according to treb stats.

Mississauga numbers fared somewhat similar with unit sales and average price flat to last year. Condo apartments continue to lead the way with a 10% increase in units sold for October. The number of new listings were down 14% for the month compared to last year for all home types. The sales to new listing ratio is a balanced 55% with 2.1 months of inventory- these numbers are all indicators of a balanced and stable market. “Mississauga has 46 new condo projects waiting to built- all at various stages of approval with several here along the Lakeshore corridor. This will bring more families here and put pressure on detached and infill developments.’

Economists predict a strong regional economy and steady population growth will continue to support the demand for housing ownership as we move into 2019. Interest rates continue to climb- the Bank of Canada made it clear in recent weeks that it wants to get the banks key interest rate back up to the ‘neutral’ target of 2.5% from 1.75%. This is before the recent Alberta oil crisis that they forecast could cause a .5% decrease in GDP for 2019. ‘With these issues looming, we may not see any further rate increases in the short term” says Kevin Larose of the Larose Team. The central bank says housing risks are hedging lower in a number of respects owing to the combination of higher interest rates and stricter mortgage lending rules as the quality of new mortgages improves.The next few months will be important as we set expectations for next year. Right now it’s a good time to buy- or sell.’

For a confidential and professional market evaluation, please contact us at 905.278.7355 or email info@laroseteam.com

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TANU - Bespoke condos & towns in Port Credit

bespoke collection of only two hundred and four residences, including six townhomes, TANU weaves together all the right elements for modern urban life: sophistication, convenience, connectivity, and inside/outside amenities. Just a stroll away: riverside trails, the harbour and Port Credit’s own thriving village life with all its colourful independent stores and cafes, not to mention fast commuter connections to the city and throughout the GTA. Intimately tucked away on a residential street and beautifully crafted inside and out, TANU addresses the needs of the out and about nature lover, the community minded, as well as all those modern urbanists who, like TANU, artfully combine everything in one.

Book your exclusive preview appointment today with The Larose Team

As a priority registrant you will have access to exclusive preview pricing and incentives not available to the public!

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Home sales and prices rose this October in the Greater Toronto Area across the board, according to data recently released by the Toronto Real Estate Board.

In Toronto, condo units continue to outpace all other market segments in price growth, rising 7.5 percent year over year, with an average price of $562,523. In comparison, detached houses grew only 1 percent from last October, but are still almost twice as expensive at $1,019,416.

It remains far cheaper to buy a property in the 905 area than the 416. All market types are more affordable in this region, which surrounds the City of the Toronto to the east, west and north. Mississauga condos sold for an average of $442,007 this October while a condo in central Toronto sold for $674,252 — 52 per cent more.

For the Mississauga condo market, there were 242 condo sales in October 2018 compared to 218 condo sales in October 2017. There was a year over year drop in both new and active listings, with 309 new and 284 active, compared to 364 new listings and 433 active listings in October the previous year.

The average days on market period for Mississauga condos was 25 days, which was the same amount of days on market that month last year.

The condo market is continuing to outpace all other property types, and many speculate that the popularity will stay even into the winter months, and continue to be a more affordable option for first-time homebuyers.

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LIVE IN THE SOUTH MISSISSAUGA COMMUNITIES?

Download our November Newsletter to see TREB's community 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!


Mega Agent Mastermind

05 November 2018
Larose Team

November 15 | Thursday | 6:30PM

Are you looking to accelerate your business? Do you want to learn the proven mindsets, systems and strategies that some of the most successful agents are utilizing in today’s industry?

If the answer is yes, come out and attend this MASTERMIND on November 15th at 6:30pm to learn from this mega agent panel! Find out how they got to the top!

Join us for this wine & cheese event  - open to all Realtors including outside brokerages! It is an opportunity to grow your profit share, network with other agents, recruit new team members and learn from some of the best in the business!
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Mark your calendar: Thursday, November 15 at 6:30 PM
Location:  Keller Williams Realty Solutions, 1270 Central Parkway #101 - Training Room
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If you are interested in attending the event, please kindly RSVP to info@laroseteam.com

  Events

October Market Report

24 October 2018
Larose Team


Why ‘Options Mississauga’ should be your choice for printing

Options Mississauga is a federally registered charity operating a social enterprise in the form of a retail printing and office services store in Port Credit. They support intellectually disabled adults in an inclusive community setting as they acquire the job skills they need to obtain employment.

This unique arrangement allows trainees to become familiar with business etiquette, serving customers and working with staff on a variety of jobs they do. The ultimate goal is to provide the tools: hard skills, familiarity with business operation and, perhaps most importantly, the confidence they need to become vocationally involved, where few other options exist.

Options Mississauga has been in business for 25 years and has consistently provided quality printing products at competitive prices. They also provide the kind of individual customer service that is rare in today’s retail environment. But best of all, by using them for your printing needs you are not only get the printing products you want, but every dollar you spend directly supports their mission.

Options has currently undergone a transition now offering a new intensive employment training program and more importantly, employment to their trainees.

Check out Options at 113 Lakeshore Rd. West, Mississauga next to Starbucks -  www.OptionsMississauga.com




October 3, 2018 -- Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 6,455 sales through TREB's MLS® System in September 2018 – up 1.9 per cent compared to September 2017. The average selling price for September 2018 sales was up by 2.9 per cent over the same period to $796,786. The MLS® HPI composite benchmark price was up by two per cent year-over-year.

New listings entered into TREB's MLS® System in September 2018 amounted to 15,920 – down by 3.1 per cent compared to September 2017. With sales up year-over-year and new listings down, market conditions became tighter. Many buyers may have found it more difficult to find a home meeting their needs.

"It is healthy to see sales and prices in many areas across the Greater Toronto Area up a bit, compared to last year's lows. At the same, however, it is important to remember that TREB's market area is made up of over 500 communities. Market conditions have obviously unfolded differently across these communities. This is why it's important to work with a REALTOR® who is familiar with local market conditions in your areas of interest," said Mr. Bhaura.

"While higher borrowing costs and tougher mortgage qualification rules have kept sales levels off the record pace set in 2016, many households remain positive about home ownership as a quality long-term investment. As the GTA population continues to grow, the real challenge in the housing market will be supply rather than demand. The Toronto Real Estate Board is especially concerned with issues affecting housing supply as we move towards municipal elections across the region," added Mr. Bhaura.

On a monthly basis, after preliminary seasonal adjustment, sales edged up by 0.2 per cent in September 2018 compared to August 2018. The average selling price, after preliminary seasonal adjustment, edged lower by 0.5 per cent month-over-month.

"Generally speaking, annual rates of price growth have been stronger for higher density home types in 2018, including condominium apartments, townhouses and semi-detached houses. In many neighbourhoods, these home types provide more affordable home ownership options. This is why a policy focus on increasing mid-density housing options throughout the GTA is important," said Jason Mercer, TREB's Director of Market Analysis.

Source: Toronto Real Estate Board

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September Market Report

26 September 2018
Larose Team

‘Sales were up in August and we forecast a strong fall season’ says Kevin Larose for the Larose Team. We are experiencing some inventory shortages in some of our key areas and are working on digging up private deals for buyers that we have looking for a good property here in Port Credit.  ‘There just haven’t been enough good properties for sale this year’ says Kevin.

In Mississauga, overall unit sales were up 12% in August and the average price was up 10%. This is  a significant change from what we have been experiencing this spring as markets last year started to level off in the 2nd quarter. Active listings are down 6% to last year which has accounted for some of the price gains. The market is very balanced right now with about 2.2 months of supply and a days on market average of 25. This bodes well for both buyers and sellers.

Looking ahead, buyers will continue to face higher interest rates and tighter policies surrounding mortgages. This will keep home sales activity in check for the balance of this year and into 2019 predicts RBC Chief Economist Dawn Desjardin. We continue to see a large influx of immigration here in Ontario which is keeping the demand for housing high. Mortgage rate increases will be the deciding factor on how the housing market will fare next year. Uncertainty around the NAFTA agreement also plays a factor.

‘We have to understand the housing market is affected more by what is going on locally in our community’ says Kevin. With a strong economy and many housing projects planned here along the Lakeshore corridor, we don’t see prices decreasing anytime soon.

What does this mean for sellers? Home prices have appreciated 37% over the past 3 years here in the GTA. We don’t anticipate any increases like this over the next 2 years. It’s a great time to sell.

For Buyers- interest rates are expected to increase once more this year and by a half a point next year. This will mean more interest payments on mew mortgages- time to buy is right.

For a confidential and professional market evaluation, please contact us at 905.278.7355 or email info@laroseteam.com

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The hot topic over the past few weeks in the media is the new Supreme Court ruling that forces the Toronto Real Estate Board, the largest board in the world, to grant access to past sales data to brokerages all across the GTA via a new data feed.

The major difference is up until now, Realtors have had to pull this data manually and email it to our clients. Just to clarify- the data has been available for many years on other websites such as Geowarehouse or Teranet- but for a fee.

What this means is 2 years worth of past sold data will be available via a new data feed to all Treb members who will now be allowed to use the feed to post data on password protected websites. This feed in being made available as this newsletter is bring published- although access is coming slowly due to high demand. With over 50,000 members, you can expect there will delays in obtaining archived data from transactions back to September 2016.

Understand you will only be able to get this sold data by accessing a Realtor password protected site. We will have the data shortly and will make past sales available through our site at www.homesoldprices.ca.

As you can imagine, TREB was inundated with requests and we are processing them in the order that we receive them. We expect to roll out solds to the public over the coming weeks. We ask your patience as we work through the details of this new process with TREB.

Interested in signing on to our password protected VOW site--- sign up at www.homesoldprices.ca

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Condo price gains continue upward trend

The real estate market in the GTA has seen demand move high throughout the summer, especially in the month of August, which is known to show less real estate activity.

According to the Toronto Real Estate Board (TREB), in Mississauga, condo apartments saw the biggest price gains with an average price of $418,474- up 9.7% compared to August 2017, when the average price of condo apartments was $381,154.

There were 224 condo sales in August 2018 which didn’t waver too far from the 226 condo sales in August 2017. There was a year over year drop in both new and active listings, with 326 new and 350 active, compared to 388 new listings and 477 active listings in August 2017.

The average days on market period for Mississauga condos was 24 days, which didn’t differ too strongly from 23 days on market the previous year.

Comparatively, in Toronto, TREB numbers show condo apartment prices reached an all-time high in August. TREB reported for a typical condo, a benchmark price of $505,500, in August, up 9.94% from the year before.

“Market conditions in the summer of 2018, including this past August, were tighter than what was experienced in the summer of 2017,” said Jason Mercer, TREB’s Director of Market Analysis, “In August, the annual rate of sales growth outpaced the annual rate of new listings growth.

If you are looking to make a move this fall, please contact us at 905 278-7355 or email info@laroseteam.com

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LIVE IN THE SOUTH MISSISSAUGA COMMUNITIES?

Download our August Newsletter to see TREB's community 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!



Sold prices now available

29 August 2018
Larose Team


In the news last week, the Supreme Court has mandated a  new ruling for TREB that will make home sales data publicly available through password protected websites. Displaying sold information on line has been available in the U.S. for over a decade-  and this should level the playing field with the websites that were offering this feature under the radar here in the GTA.

‘We will be able to provide more insight to consumers without them having to contact us directly’ says Kevin Larose of the Larose Team. We view this as a positive step forward as we will now be able to publicly display the information on our website.

Interested in receiving SOLD prices in your area?  SIGN UP HERE


August Market Report

20 August 2018
Larose Team



Mississauga- No doubt 2018 has been off to a cautious start as buyers have been waiting on the sidelines for the market to stabilize. ‘In the past 3 weeks, we have noticed more hits on our website and more showing appointments booked on our listings’ says Kevin Larose of the Larose Team.

After a cautious spring market, it looks like buyers are feeling more confident the market won’t fall any further. This coupled with the fact that interest rates are up and all indications point to further rate increases has helped buyers to get moving on their decisions to purchase. Buyers who had moved to the sidelines because of the psychological impact of the Ontario Fair Housing Plan and stricter lending criteria have re-entered the market. ‘Most years, we wouldn’t be seeing buyers hovering over properties in July and August- but this year is different’ according to Kevin.

Sales in Mississauga in July jumped 9% from July 2017 for all home types. The average price for all property types rose 2% to $706,570 from last July. Months of supply are a balanced 2.2% and the average days on market is 30 here in Mississauga compared to 25 in the GTA.

The mix of homes selling in the GTA has also shifted recently with buyers showing a renewed interest in detached homes. ‘This is typical as the cycle lines up with the school year’ says Kevin.

‘Looking ahead to the fall market- things are shaping up strongly as we have signed up several Exclusive listings over the past few weeks adds Kevin. We expect a strong fall market compared to last year and have qualified buyers looking to purchase in the prime pockets of Mineola.

If you are looking to make a move this fall, please contact us at 905 278-7355 or email kevin@laroseteam.com

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In the real estate business, it has become common to see listings inch onto the market in a variety of ways.  What are the main differences and how do we at the Larose Team handle each option?

‘EXCLUSIVE LISTING’

An exclusive listing with the Larose Team is a level of service created to get your property in front of interested buyers- quality vs quanitity. Our team of professional agents work on finding the buyer for your property by prospecting our database, doing exclusive on line marketing and and pre-qualifying potential interested buyers. We start with a personalized marketing plan which we roll out to our database and visitors to our website.

When you list exclusively with us, we will have the sole right to showcase your property for the duration of the listing. We make concessions for agents within our brokerage only - the goal is to sell the property ourselves resulting in a higher net for you, the seller.

‘COMING SOON’

This has become another way of marketing  ‘EXCLUSIVE’ listings. A coming soon listing must be signed up just like an exclusive listing. We place a coming soon sign on the property which notifies the general public that the property will be coming to mls shortly. The new treb rules stipulate the sign rider must include ‘COMING SOON TO MLS®’ for it to be valid. A coming soon listing is usually up for no longer than 3 weeks while the property is being prepared.

MLS®

A full listing which gets placed on treb and populates out to Realtor.ca and numerous other web listing portals. For a listing to get accepted onto TREB, it must be signed up for a minimum of 60 days and be ready to show to the general public within 24 hours.

If you are thinking of selling your home in the next few months, please contact Kevin and we will provide you with all the details and help you choose which strategy will work best for your property.

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Condo Market - Mississauga - 11% Price gains year-over-year

It comes as a relief to some people looking to get into the market that home prices have remained fairly stable over the past few months, with some home types becoming slightly less expensive month over month.

In Mississauga, the average price in July 2018 across all home types edged up slightly year over year by 1 percent. Condo apartments saw the biggest price gains with an average price of $434,061- up 11 percent, compared to July 2017 when the average price of condo apartments was $389,811.

The average price of condo townhomes was $573,095- up 9 percent from July 2017, when the average price was $527,267.

Sales of all home types in Mississauga were up 9 percent from last year. Condo apartments saw the biggest rise at 16 percent to 244 sales from 211 last July.

There was a year over year drop in both new listings and active listings. Condo townhomes saw the biggest drop in both new and active listings, with 189 new and 226 active, compared to 301 new and 321 active in July 2017. Condo apartments fared better but there was still a drop- with 364 new listings and 392 active listings, compared to 443 new and 483 in July of last year.

“We have certainly experienced an increase in demand for ownership housing so far this summer,” Jason Mercer, TREB’s Director of Market Analysis says, “home buyers in the GTA recognize that ownership housing is a quality long-term investment.”

‘Looking ahead to the fall market- things are shaping up strongly as we have signed up several Exclusive listings over the past few weeks adds Kevin. We expect a strong fall market compared to last year and have qualified buyers looking to purchase a condo in the prime pockets along the lakeshore.

If you are looking to make a move this fall, please contact us at 905 278-7355 or email kevin@laroseteam.com

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LIVE IN THE SOUTH MISSISSAUGA COMMUNITIES?

Download our August Newsletter to see TREB's community 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!


Recognizing Jim Tovey

20 July 2018
Larose Team

Mississauga’s Music Walk of Fame in Port Credit Memorial Park was established in 2012 by the late Councillor Jim Tovey. This inaugural ceremony recognizes the amazing musical talents that have come out of Mississauga. 


In the past, four inductees had their names forever engraved on granite plaques that are installed in the walking path of Port Credit Memorial Park. Port Credit has a reputation as the musical hub of Mississauga. Therefore, it was fitting to establish the Music Walk of Fame there as well. 

This year, to honour the late Councillor Jim Tovey, Jim will be the sole inductee for the Mississauga Music Walk of Fame. 

The ceremony will be held this Sunday, July 22 2018. In Port Credit Memorial Park from 3:00-4:00 PM.

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From our February newsletter:

Kevin Larose


We were very sad to hear of the passing of Jim Tovey-our Ward councillor and friend.
'Jim always had time for people and their issues. I remember meeting him for the first time at our door and spending several hours discussing his vision for Mississauga's waterfront'. 

Jim was passionate about our community and his commitment to the future plans and growth for Ward 'Wone-derful' as he affectionately called it. We were lucky to have him - he will not be forgotten.


June/July Market Report

03 July 2018
Larose Team

Selling or buying a home is one of life’s biggest decisions. The foundation of the Larose real estate team is based on a strong belief in ‘our client’s needs come first’. For us, the most satisfying feeling is the knowledge that we have been instrumental in helping our clients make the best real estate choice for their family.

The Larose team has been assisting clients for almost 20 years with their real estate needs and we can be counted on for our sound advice, expertise, unsurpassed market knowledge and client focused approach.

*Review our complete list of services below

  1. Complimentary & Confidential Home Evaluation
  2. Team Approach - WE Cover all details
  3. Preparing YOUR PROPERTY - Network of preferred partners/trades
  4. Staging -Complimentary staging consult / accessorizing to maximize the value of your home
  5. Pre-Home Inspections
  6. Complimentary Home Cleaning services
  7. Branding - A Custom strategy for your home
  8. In House Marketing team
  9. Professional Photographer & Videographers
  10. Custom Floorplans & Virtual Photo Tours
  11. Professionally designed & printed property brochures
  12. ‘Coming Soon’ program - E-blast to our exclusive database
  13. Just Listed Mailer
  14. Agent Preview - E-blast to our exclusive database
  15. Targeted ‘Open House program’
  16. Online presence - includes video tours - social media channels,Google, Facebook, Instagram, YouTube, Vimeo
  17. Drone Photography
  18. International targeted ads to maximize exposure to the right buyers
  19. In House real estate lawyers
  20. Keller Williams preferred partnerships with CIBC & RBC Mortgage advisors
  21. Listed on Keller Williams International website with access to over 175,000 agents and their clients worldwide
  22. Relocation Services
  23. Inside sales prospecting the Larose buyer database
  24. Access to Larose Exclusive ‘Client Zone’ website for instant feedback
  25. Professional in house team handles all legal and fiduciary duties
  26. Experienced Negotiators - We represent your interests and deliver results

Buying a home? We will take the time you deserve to educate you about current market conditions, assist with the pre-approval process, closely analyze your wants and needs and guide you to homes that match your criteria. We also have programs to give you access to properties not yet on MLS. Our experienced sales representatives represent your interests only, and negotiate hard for your family.

The difference is in the details. Call us today and put the power of our experienced, client focused team on your side and receive the care and attention you deserve through every step of the process.

At the Larose Team, We’re not #1, you are.

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As the temperature heats up in the GTA, we can’t say the same for the real estate market. “Good properties in coveted neighborhoods are selling close to asking – but we aren’t seeing the same bidding wars here in Mississauga as they are in the downtown core” says Kevin Larose of the Larose Team. Buyers are definitively taking advantage of an uncertain climate as low ball bids become more prevalent.

Treb stats for May in Mississauga reported a 29% in drop in unit sales compared to last year and a 44% decline in new listings, both signals that many people are still on the fence waiting for evidence of a recovery of what they perceive to be a weak market here in the GTA.Sales to new listings ratio is back to a balanced 50.2% and the number of months of supply is 2.3 - which is normal for this time of year.

While the stress test imposed this year by Canada’s banking regulator has reduced the amount that borrowers qualify for, it has also brought with it an air of caution and “deals are harder to put together’ says Kevin. We are seeing borrowers look at alternative lenders and variable rates are still quite low.” It’s a hardworking market right now and we are doing everything we can to get buyers to the table. Putting deals together in these tight markets takes skill and experience” adds Kevin.

Talk to us if you are looking to sell- we have buyers waiting for the right property.

Call 905 278-7355 or email info@laroseteam.com

***June stats to be added shortly***

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Year over year - May sees condo average price up 4.9% 

There was a time when it wasn’t uncommon to hear skepticism about the condo boom in Mississauga and the around the GTA. But now in 2018, it doesn’t look like the condo market in Mississauga is experiencing a crash that some predicted.

As low-rise home prices have gone up, so has demand for more affordable housing, especially condo units, which have become the new ‘starter home’ in many corners of the GTA.
In May, apartment style condominiums’ average sale price was up 4.9% to $434,915 compared to $414,745 a year before. Condominiums were the only housing type to see an increase in price.

There were 254 condominium sales in May 2018 compared to 332 condominium sales in May of last year, and the amount of listings was lower, with 437 new listings compared to 608 new listings from the previous May.

Call us today and put the power of our experienced, client focused team on your side and receive the care and attention you deserve through every step of the process.

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LIVE IN THE SOUTH MISSISSAUGA COMMUNITIES?

Download our June/July Newsletter to see TREB's community 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!