• Larose Team
  • 16 June 2017

Our home of the week is a spectacular 6000+ Sq Ft estate home on a one acre in prime West Mineola!

This private contemporary custom-built home features hardwood flooring, two-storey vaulted ceilings, 6 bedrooms, 7 baths, a finished lower level with a gym, in-law nanny suite, games room, and sauna. Enjoy summer night in the private backyard with award-winning inground pool, hot tub and custom deck overlooking the property. For a private showing contact Kevin today! 

Be sure to check out our amazing aerial video of the property above!

  • Larose Team
  • 09 June 2017

TORONTO, June 5, 2017 -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 – down by 20.3 per cent compared to 12,790 sales reported in May 2016.  Sales of detached homes were down by 26.3 per cent.  Sales of condominium apartments were down by 6.4 per cent.

The supply of listings was up strongly over the same period.  Active listings – the number of properties available for sale – at the end of May were up by 42.9 per cent compared to the record low a year earlier.  The number increased considerably for low-rise home types including detached and semi-detached houses and townhouses.  Active listings for condominium apartments were down compared to May 2016.

“Home buyers definitely benefitted from a better supplied market in May, both in comparison to the same time last year and to the first four months of 2017.  However, even with the robust increase in active listings, inventory levels remain low.  At the end of May, we had less than two months of inventory.  This is why we continued to see very strong annual rates of price growth, albeit lower than the peak growth rates earlier this year,” said Mr. Cerqua.

Selling prices continued to increase strongly in May compared to the same month in 2016.  The MLS® HPI Composite Benchmark price was up by 29 per cent year-over-year.  The average selling price for all home types combined for the TREB Market Area as a whole was up by 14.9 per cent to $863,910.  Year-over-year price increases were greater for condominium apartments compared to low-rise home types.  This likely reflects the fact that the low-rise market segments benefitted most from the increase in listings.

“The actual, or normalized, effect of the Ontario Fair Housing Plan remains to be seen.  In the past, some housing policy changes have initially led to an overreaction on the part of homeowners and buyers, which later balanced out.  On the listings front, the increase in active listings suggests that homeowners, after a protracted delay, are starting to react to the strong price growth we’ve experienced over the past year by listing their home for sale to take advantage of these equity gains,” said Jason Mercer, TREB’s Director of Market Analysis.

Source: http://trebhome.com/

  • Larose Team
  • 02 June 2017

Our home of the week is one our newest listings, 1171 Sienna Street in Lorne Park's Watercolours community. This immaculate, well-designed home on a 57 x 129 ft. landscaped lot, showcases an abundance of windows, elegant finishes, and all the luxuries of a new build. Enjoy recent updates including newer hardwood flooring, an open concept living space, a gourmet eat-in kitchen with a breakfast area, a spacious master bedroom with a 5 piece ensuite and a grand backyard with multiple outdoor entertaining areas including lounges, a pavilion, and a hot tub. This is an idyllic retreat for friends and loved ones.

Enjoy all of Lorne Park’s amenities nearby, including schools, trails, and the lakeshore just moments away. 

Book your private showing today, contact Kevin at 905.278.7355

  • Larose Team
  • 26 May 2017

The Bank of Canada is sticking with its trendsetting interest rate of 0.5 per cent, saying uncertainties continue to overshadow the economy's stronger-than-expected start to the year.

In explaining its decision Wednesday to hold the rate, the central bank once again highlighted weak wage growth and the softening rate for underlying inflation as examples the economy still has room for improvement.

The bank's scheduled rate announcement comes after it raised its 2017 growth projection last month following a surprisingly healthy start to the year in areas such as employment, consumer spending and the housing markets. In Wednesday's statement, the bank added better business investment numbers to the list.

"Recent economic data have been encouraging,'' the bank said.

"Consumer spending and the housing sector continue to be robust on the back of an improving labour market, and these are becoming more broadly based across regions.''

The bank's statement, however, also predicted that the ``very strong growth'' over the first three months of the year will be followed by some moderation in the second quarter, even though at the same time it expects the U.S. economy to rebound.

Analysts had widely predicted governor Stephen Poloz to keep the rate locked at its very low level of 0.5 per cent, as significant unknowns underlined by the bank in the past continue to swirl around the U.S. agenda on trade and taxation.

"The uncertainties outlined in the April (monetary policy report) continue to cloud the global and Canadian outlooks,'' said the bank, without making any specific mentions this time about the potential policy path of Canada's largest trading partner.

With no monetary policy report released Wednesday, observers will scrutinize the commentary in the bank's one-page statement for clues about its thinking on the trajectory of the economy.

The bank's statement also said while recent government policy measures on real estate have contributed to more sustainable outlooks for household debt, the rules have yet to have a substantial cooling effect on hot housing markets.

On core inflation, the bank noted that recent readings for its three measures, which reduce the influence of some more volatile consumer items like gasoline, have stayed below its ideal target of two per cent. That signals the entire economy has yet to catch up to the recent momentum.

Source: http://www.repmag.ca/

  • Larose Team
  • 19 May 2017

Finding a reliable mover can be daunting, but knowing the right questions to ask will help you through the process. We reached out to one of our preferred movers, Rawlinson Moving & Storage Ltd, to find out what top 5 questions you should be asking, key answers to their long term success, and why we refer them to our clients. 

  1. Ask friends, neighbours and co-workers for personal recommendations and warnings.

  2. Talk to the mover: Spend some time talking with your prospective movers. It’s a good sign if they take the time to understand your moving needs.

  3. Hourly rates: Be careful with low hourly rates. A professional moving company ultimately saves you money. The lowest hourly rate for a local move is not necessarily the final price.

  4. Claims: Occasionally, no matter how careful a moving company is, an item may be damaged. It’s important to review their claims policy.

  5. Deposit: Professional companies don’t require a significant deposit before moving. Ask about the upfront costs.

  • Larose Team
  • 16 May 2017


The prospect of buying your first home can be exciting and overwhelming at the same time. Your purchase could well be the biggest financial investment of your life as well as one of the most rewarding. That’s why it’s important to connect with an expert, the Larose Team can help! Read the testimonial of our most recent first time buyer clients Eric & Diandra, and their experience with the Larose Team.


Having Chris Hillier on our side throughout our home buying adventure was made into a positive experience by his friendly nature and expertise. My fiancé and I were first time home buyers looking for a condo and Chris did everything necessary to cater to our needs. One major factor that stood out was how kind and genuine Chris was to us. Throughout the whole process it felt as if Chris was our friend and not just our realtor. He was always available to answer any questions that we had at any time. Chris was able to turn our first home buying experience from something that was frightening into something that was extremely enjoyable. We would like to thank Chris for his hard work and dedication to our needs and would never hesitate to work with him again in the future!

- Eric & Diandra

  • Larose Team
  • 05 May 2017

The Toronto Real Estate Board announced that GTA REALTORS® entered 33.6 per cent more new listings into TREB's mls® system in April 2017,compared to the same month in 2016. New listings totaled 21,630 units T/Y over 16,190 L/Y.  New listings were up by double-digits for all home types, including detached, semi-detached houses and townhouses. New listings for condominium apartments were flat to last year.

Total unit sales in April for the TREB GTA market were down 3.2 per cent from April 2016;  Average price was 920,791 over 739,762 L/Y (up 24.5%)  and average days on market averaged a brisk ‘9’.

 The fact that new listing inventory is up substantially in April has resulted in more choice for buyers  in the marketplace. It is too early to tell whether the increase in new listings was simply due to sellers reacting to the abnormally high price gains reported over the past few months,  or if some of the increase was also a reaction to the Ontario government's recently announced Fair Housing Plan. ‘ We feel it is a combination of both factors’ says Kevin Larose from The Larose Team at Keller Williams Realty Solutions.

“ If new listings continue to outpace sales growth moving forward, we will start to see more balanced market conditions including average price gains. “

  • Larose Team
  • 28 April 2017

The provincial government has announced a 16- point plan intended to improve housing affordability. Here are a few highlights:

  • Introduction of a 15 per cent Non-Resident Speculation Tax (NRST) on the price of homes in the Greater Golden Horseshoe (GGH) purchased by individuals who are not citizens or permanent residents of Canada or by foreign corporations.  This tax would be effective as of April 21, 2017, upon the enactment of the amending legislation. Binding agreements of purchase and sale signed on or before April 20, 2017 are not subject to the tax.
  • A vacant homes property tax to encourage property owners to sell unoccupied units or rent them out. This will address concerns about residential units potentially being left vacant by speculators.
  • More comprehensive reporting requirements so that correct federal and provincial taxes are paid on purchases and sales of real estate in Ontario.
  • The province will work to understand and tackle practices that may be contributing to tax avoidance and excessive speculation in the housing market such as "paper flipping," a practice that includes entering into a contractual agreement to buy a residential unit and assigning it to another person prior to closing.

We are already seeing effects the new measures are having on the market. Coupled with the fact that more new listings are coming up as we approach the peak spring market, this should help level off the multiple offer frenzy we have been experiencing and return the market to a more balanced state.

We don’t anticipate any immediate changes to home prices, particularly in the prime school neighborhoods.

We feel these initiatives are long overdue and will help us avoid a steep market correction.


  • Larose Team
  • 24 April 2017

With Ontario taking aim at cooling the housing market, a series of measures were introduced yesterday by Premiere Kathleen Wynne, along with Finance Minister Charles Sousa, and Ontario housing minister Chris Ballard. Will this really address the housing bubble? Kevin weighs in below.

Are the foreign buyers upsetting our markets so much that we have seen some 30+% gains year-over-year in real estate values? Will the 15% foreign tax make purchasing a home more affordable and available for Canadians ?

I am not convinced.

There have been a few silent factors that have encouraged our current market conditions: Recent Canadian and American elections. Our Prime Minister has from the start supported an open border policy encouraging immigration, as Canada is a safe and compassionate country. The US has not. We have been opening our real estate markets to foreign buyers for some time, but the United States and the state of their politics makes Canada a more attractable place to live and invest in real estate.

Finally, the British Columbia Government, who imposed a 15% foreign tax last year, has since brought non-resident buyers to the GTA’s front doors who otherwise wouldn’t be if Vancouver weren’t dealing with shadow-flipping and empty properties.

I believe that a larger challenge has been our interest rate policies. The buyers have been purchasing the payment, not the selling price, and have been for several years. My opinion is: Increase interest rates and let the markets level themselves out.


To review the entire list, visit the Globe link below:

  • Larose Team
  • 20 April 2017

The real estate market in the GTA is on fire as sales hit record highs with record low inventory levels. Toronto and the GTA’s hot housing market continues its rapid ascension with the number of resale home transactions up 17.7 percent. The average sale price for March was up 33.2 percent over March 2016 while the number of active listings was down 35.2%. Days on Market are a brisk ’10’ vs ’16’ last year.

Where will this end?

Many believe speculation by investors - both domestic and foreign- has been a factor that has merged on top of strong domestic demand and a lack of supply. This has also created a ‘spillover’ effect into markets just outside of the GTA. With the April budget just around the corner, several policy options on how to curb speculation are being reviewed. Some of the more noteworthy ideas include dealing with speculation on single family homes i.e. a speculation tax on property flipping; a tax that would be imposed on single family homes that are flipped within a short time period - up to 2 years. For foreign buyers, a property tax to be paid by people who are not paying income tax in Canada is one idea.

Vacant homes and rental properties are on the rise- as many as 3 in 10 properties are being bought by speculators a recent study has concluded.

In Mississauga, the overall supply is currently running near record lows as well- see the graphs below. Active residential listings numbered just 683 units at the end of March 2017. This was down a whopping 42.4% from the end of March 2016. This is the prime indicator of an ‘unbalanced market’ as number of months supply are less than one. (10 year average is two months supply).

The allure of record-high prices should eventually entice more sellers onto the market if they have decided to downsize. “ If anyone is thinking about a move this year or next- you might want to consider the time is now. We haven’t seen a sellers market like this before and we know the current conditions are not sustainable” says Kevin Larose from the Larose Real Estate team. “Your home is absolutely worth more than you think.”

Where to go? Contact us and we will show you how we can get you the most out of the current market and help you find your next home.