May Market Report

22 May 2019
Larose Team

With new listings spiking in April, May is starting off to be a brisk month for real estate sales. In the GTA, sales jumped 16.8% in April and the average sales price was up 1.9%. Here in Mississauga, while sales have been below record levels year to date, there should still be enough activity in 2019 for moderate year over year average price growth. Projections are the average sales price in the Mississauga market will be up 4% for 2019 according to TREB.

Detached home sales, which have been down in 2019 rose 22 percent in April compared to last year. “Expect May to be a hectic month for both new listings and sales after a quiet start to the year” says Kevin Larose from the Larose Team.

“Buying or selling a home is a stressful process says Kevin and the growing complexity of the market is a factor. In addition to the obvious financial stresses, interpreting the sea of data available online is also stressful. Many sellers want a bidding war but that only happens if the conditions are right, the property is unique and there is a void in that portion of the market. This is where the experience of a professional Realtor comes in. A real estate transaction is complex and experience counts. The best Realtors have been in the business for awhile and have developed a large database of contacts. They are excellent communicators and negotiators and most work with large reputable companies such as Keller Williams. 

“KW is now the largest real estate company in the world surpassing Century 21 and Remax in 2017. Their focus moving forward is technology used by tech savvy agents to connect buyers and sellers and create custom experiences according to their clients needs. 

“The tech savvy agent has become a must in the fast changing world of real estate today” says Kevin. We at the Larose Team leverage technology to our clients advantage.” 

Contact Kevin for a professional consultation on the value of your home  at 905 278-7355



When is the best time to sell?

If you are a Seller looking to sell quickly and get the highest price, the best time to sell is April to end June according to historical data from the Canadian Real Estate Association. The metric used is ‘Number of months of inventory’ and data shows the optimal time to sell is spring when there are more buyers in the market. “The peak timing usually lines up with the greening of the grass and when homes show their best” says Marlene Larose, broker with the Larose Team.
“In the prime areas of South Mississauga, we see a spike in detached home sales now in the 2nd quarter as closings for detached homes line up with the school year. We expect sales should continue strong to the end of July this year as we got off to a later start.” Blame it on the weather.

If you are a Seller looking to make a move this year- Contact us for a Confidential
Evaluation of your home. 905 278-7355.

RED Day 2019

Each year on the second Thursday of May we celebrate Keller Williams’ RED Day as part of our legacy worth leaving. Making a difference in the lives of others and bettering the communities that we serve lies at the heart of the Keller Williams culture. 
This year we joined forces again with the City of Mississauga to clean up Woodland Meadows Park & continue our Tree Stewardship as part of Mississauga’s ‘One Million Trees program’.For more information regarding the tree program visit


Pre-Construction Condos & Towns Update


Stride's low-rise condo is now available! Rise is a mid-rise condo with only 12 floors, plus a penthouse level. Tucked away just off Lakeshore Rd E, the building will have only 132 suites ranging in size from 750 sq ft to over 1300 sq ft.
Contact our team today to gain the latest exclusive incentives!




A boutique collection of only two hundred and four residences, including six townhomes, TANU weaves together all the right elements for modern urban life. There are still suites available!
Contact our team today to gain the latest exclusive incentives!

April Market Report

24 April 2019
Larose Team

Federal Budget 2019 - Help for first-time buyers

Toronto- Sales in the GTA were flat in March compared to March 2018 as many buyers remained on the sidelines and new listings declined. Strong areas continue to experience multiple offers which have resulted in a very small average price decline of 2.4 percent for detached homes.

Big news with the details of the 2019 Federal Budget being released on March 19th.  Although we had hoped for a change in the mortgage stress test rules or even the return of 30-year amortization for insured mortgages, the government took a different approach.  They have announced an “Equity Share” program which will come into effect this Fall.  Under the program, CMHC will provide first time home buyers with 5% of the down payment on re-sale homes and 10% on new construction.  This is essentially given by way of an interest free loan which will eventually need to be paid back.  The idea is that it will reduce monthly costs for the borrower and make it easier to get into the market.

There are still details to be worked out but for now we know the following criteria to qualify:

• Must be a first-time home buyer
• Maximum household income cannot exceed $120,000
• Maximum mortgage amount cannot exceed 4 times your gross household income

The government has also proposed changes to the Home Buyers Plan.  They are now going to allow you to draw $35,000 from your RRSP’s to use towards the purchase of a home!  This is up from the current limit of $25,000.
They also said they will amend the rules to allow those who have been through family crisis to access the program.

Mortgage Rate Updates:

Bond yields continue to drop and that means that fixed rate mortgages are dropping as well.  We can likely expect fixed rates to continue to slowly decrease as we continue into the spring market. Chances are that by the time you are reading this the best 5-year fixed rate of 3.19% will likely be lower.

Variable mortgage rates change with the Bank of Canada overnight rate.  The last time the Bank of Canada increased its overnight rate was October 2018.  The last Bank of Canada rate announcement was March 6, 2019 and the overnight rate was maintained at 1.75% and correspondingly the prime rate for majority of lenders remained at 3.95%.  While original predictions thought the economy would be strong in 2019, the year has started out with a lot of economic uncertainties.  Most experts are predicting there will not be any more increases this year and potentially even a rate drop at some point. The next Bank of Canada announcement is scheduled for April 24, 2019.

  If you are looking for mortgage financing, please contact Amiel Jelinek from Mortgage Alliance at

Considering a move this year, please contact Kevin at 905-278-7355 or




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

Buying a home? 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.

  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

Call us today and put the power of our experienced, client focused team on your side.



Gain access to exclusive incentives before the public. Sign up today to receive access to the latest developments as they become available to the public!

March Market Report

19 March 2019
Larose Team

February Market - 'Blame it on the weather'

TREB reported February sales in the GTA slipped 2.4% from last year and new listings were down 6.2 percent. The average price was up 1.6% overall. “This varies greatly by area” says Kevin Larose of the Larose Real Estate Team. “If you have a well-priced house that has been nicely renovated in a coveted neighbourhood, it will sell quickly and most often, in multiple offers. Our job as professional real estate consultants is to assess how your property measures up to these 3 factors.”

Weak sales in the GTA in February were also driven by unusually bad weather. “We will have to wait and see what March brings to get a better feel for how the market is going to shape up” says Kevin.

“The important factors to watch right now are what will happen with interest rates, and if parameters around the stress test will change.”

Interest rates aren’t expected to rise again this year. On March 6th, the Bank Of Canada decided to hold its key interest rate at 1.75% - a complete reversal of what was expected from the end of 2018. The BOC is evaluating its ‘new neutral’ – the level at which interest rates neither stimulate or dampen economic growth. This rate has historically been set around 2.5 to 3.5 %. The next BOC rate announcement is scheduled for April 24th and given the current economic outlook, the BOC may need to strike quickly with a rate cut this spring.

Toronto realtors have made a point of calling out for changes to the federal stress test rules which have already helped cool the market and bring down home prices. Approximately 10% of buyers no longer qualify for a mortgage with the big banks and home buyers desperate to enter the market are seeking out unsecured lenders.  It has also created a shortage of rental properties as buyers not able to qualify are looking to rent. According to data from CMHC- homes in the GTA area are 5.3% less expensive than they were last year at this time. This adds up to a $40,000 average cost decrease.  The context in which the stress test was introduced is no longer relevant as interest rates have already increased by 1 percentage point. Home buyers- especially first time buyers have had to prove they can afford to purchase a home based on a 2 per cent higher than actual rate on a 25 year amortization period. “The qualifying standards need to be adjusted to reflect the rate increases that have already taken place. This would only make sense- especially for first time buyers who have finally saved up enough to buy” according to Kevin.

If you are considering a move this spring, contact us at 905 278-7355 or email


'Generating vision' in Lakeview

Earlier last year, Argo Land Development emerged as the winner of an auction that saw Ontario Power Generation sell off the former 177 hectre Lakeview Generating Station lands for $275-million. Lakeview Community Partners, the development consortium Argo heads, will spend the next 10 to 15 years cleaning up the site and building a lakefront hub with up to 8,000 residential units as well as hundreds of thousands of square feet of commercial, institutional and cultural amenities, all huddled on a striking but derelict swath of Mississauga’s waterfront.

The project – unprecedented in scale for the western GTA – will feature a range of residential formats, including mid-rise condos, towers up to 25 stories and townhouses, as well as retail and other commercial uses. During extensive local consultations, area residents signed on to a plan that proposes significantly more density than would normally be found on a traditional suburban site, but also less than the cluster of high-rise towers that have sprung up around the mouth of the Humber River. The first occupancies are expected in 2023.

The property is about halfway between two GO stations that have been targeted for intensification. This will accommodate for a significant amount of Mississauga’s future growth.

Part of the Lakeview deal involves a dedication of 67 acres of parkland to the municipality, including the pier, as well as land along the water’s edge and a former canal that served as a cooling structure for the generating plant. Peel Region and two conservation authorities are also building a wetland immediately to the east of the property, just south of a large water-treatment plant. A waterfront bike path, long routed around the generating-station site, will traverse the water’s edge and link to waterfront parks both to the east and the west.

Initiall a community group organized by Jim Tovey, a future south Mississauga city councillor, pushed hard to reclaim and redevelop the Lakeview lands – a process that led to an ambitious official plan amendment that lays out not only new urban uses but also allows for the possibility of sustainable infrastructure, such as district energy.

Tragically, Mr. Tovey died last January, just months before OPG completed the land sale. His successor, a former political aide named Stephen Dasko, is seen as fully supportive of the project. The wetland park will bear Mr. Tovey’s name.

Source: The Globe & Mail


Condo Market Update

The Toronto Real Estate Board (TREB) just released their February stats, and while sales are down year-over-year, new listings have also declined, and this could be a sign that a tighter market usually means a more expensive one. 

But while the market is still tight, things did pick up month-over-month in Mississauga. In Mississauga’s condo market this past February, the average price was $445,854, compared to $411,561 from the previous year.

There were 199 condo sales in February 2019, compared to 197 condo sales in February 2018. There was the same exact amount of new Mississauga condo listings -272- this year and last year. There was just a slight decrease in active listings, with 239 active listings last month compared to 263 active listings in February 2018.

There was a definite change in the amount of average days on market for Mississauga condos, which was 17 average days this year compared to 23 days last February.

The late-winter market generally saw more action than in January, with sales improving throughout Mississauga. Many speculate that the lack of new listings is limiting buyer choice and driving competition, as sellers are likely waiting for warmer temperatures before listing their homes.

Source: TREB


Should YOU Love It or List It?

11 March 2019
Larose Team

Despite what real estate reality shows might have led you to believe, the decision to sell your home isn’t simple — and it definitely isn’t a decision that you can reach in 30 minutes. This is true even if you never really loved your property in the first place, or it’s become a daily cause of stress. Maybe the commute is awful, your neighbours live to find new ways to annoy you, or the “fixer upper” kitchen is still an avocado-coloured nightmare.

That’s because parting with a home falls into the “major life change” category. Cue the second-guessing, polling all friends and family for opinions, obsessive list-making and mentally running through all scenarios as soon as your head hits the pillow. If you feel like this describes how you feel about parting with your home, it’s time to take a deep breath and consider the signs life has been throwing your way. Here’s how to know if it’s time to sell, refinance, or just stay put.

The Scenario:
You're Paying PMI
It’s A Sign To… Refinance or Do Nothing

If your down payment was less than 20%, your loan likely came with private mortgage insurance that has added a little extra to your monthly payment. If you now have at least 20% equity in your home, you can refinance your loan in order to remove the PMI. If you don’t have at least 20% equity yet, it might be worth waiting a little bit longer.


The Scenario:
You’ve Suddenly Noticed 100 Things You Dislike About Your Home
It’s A Sign To… Stay Put and Update or Sell

After the honeymoon phase with your home is over, you may grow to dislike certain features about it that you once loved. However, who is to say that the pattern won’t repeat with a different property? If you’ve only just settled in a short while ago, you haven’t yet learned to live with the home you have. Fight that FOMO (fear of missing out) by making improvements like upgrading the kitchen or bath, fixing up the exterior for a little curb appeal, or even just trying simple fixes like repainting the rooms or adding new furniture. 


The Scenario: 
You’ve Just Made A Big Investment
It’s A Sign To… Stay Put

Whether you’ve put a lot of money into your home through renovations or upgrades, or you made another big investment in your life (you started a business, went back to school, bought a boat, etc.), you could be stretched a little too thin to sell your home right now. While renovations often add to the value of a home, they don’t guarantee a higher sales price and shouldn’t be the sole motivation for selling. This is especially true if you made highly personal choices in your improvements, like going for fire engine red kitchen cabinetry. Instead, enjoy the new scenery. 


The Scenario: 
You’ve Got Debt (But Also Equity)
It’s A Sign To… Refinance

Sure, you might profit from the sale of your home, which could help you pay off lingering loans, credit card balances and other types of debt. But that’s not a guarantee. Plus, in order to get the highest offers, you could end up having to invest in making repairs and upgrades. If you’ve built equity, you can refinance to a lower interest rate and a lower monthly payment, thus freeing up more money in your budget. Another option to consider is a cash-out refinance to consolidate your debt. This pays off the balances up front, then you’d make fixed payments on the refinanced loan. 


The Scenario: 
You Really Can’t Stand Your Neighbourhood Anymore
It’s A Sign To… Sell

What was once a quiet suburban road became a popular cut-through for speeding traffic. Your neighbours really leaned into urban farming and now you can’t even enjoy your backyard without constant noise and smells. There isn’t any parking, ever, so you have to walk a mile just to get to your front door. While there are many things you can do to improve your home’s interior and exterior, you can’t change the location. If the idea of heading home makes you miserable, it’s time to find new surroundings. Here’s an extra tip: Make sure to visit potential neighbourhoods on weekdays during rush hour and weekend nights to get a true sense of the lifestyle. 


The Scenario: 
You’ve Run Out Of Space
It’s A Sign To… Sell

Maybe your family has expanded since you bought your one-bedroom, or you decluttered repeatedly but you’d need to become a minimalist to make your space work. Instead of drastically changing your lifestyle, change your home. If budget is a concern, prioritize space over other items on your real estate wish list like a specific neighbourhood, high-end amenities, new construction or a newly-updated home.


Struggling to make a decision? We can help.
Contact the Larose Team today!

Schedule a Call

5 Tips for Downsizing and Decluttering

08 March 2019
Larose Team

We've all seen or heard about Marie Kondo's Kon Marie method about tidying up and decluttering your home (unless you've been living under a rock). Spark a new joy in your life by clearing out the clutter to prepare for downsizing!

1. Hone in on the benefits

When you begin the process of decluttering and downsizing, you should constantly remind yourself of the freedom this will actually bring you. You won’t have an excess in physical things weighing you down or taking up valuable space - both in your home and mentally in your mind. Don't focus on what you're losing. Look at what you're gaining. Downsizing can equal a lower mortgage or rent per month, freeing up your budget for things like traveling and other experiences.

2. Focus on your needs, not wants

This is a tough one but when deciding to downsize, you need to focus on the things that are absolutely essential.

Follow the one year rule. If you haven’t used something in over a year, chances are you’re not going to use it this year either.

Begin by sorting your items by category, not location. Go through clothing, appliances, shoes, books and then focus on sentimental items last.

3. Does is spark joy?

Marie Kondo’s catchphrase is “does it spark joy?” The idea behind this concept is that if an item doesn’t bring you joy, you shouldn’t hold on to it. Focus on the easy items to get rid of first and then work your way up to the items you’ve been hoarding. While our possessions can act as an extension of ourselves, sometimes we hold on to items we haven’t used in years leading to clutter. 

4. Utilize creative yet effective storage options

Challenge your creativity with different storage configurations in order to maximize your living space. Think hide-away bins underneath your bed (if it’s too low, considering buying risers!), storage benches in entryways, closet shelves, and shoe racks, and storage ottomans.  

5. Everything should have its place

“Everyone has a place in their house for forks. If you found a random fork in the bathroom or under the couch, you’d immediately know it didn’t belong there and would return it to its drawer without another thought. Everything in your life should be this easy to put away. If an item occupies no specific location when not in use, it becomes clutter.” 

- Steve McClatchy, author of Decide: Work Smarter, Reduce Your Stress, and Lead By Example

Are you considering downsizing your home?

Our team can help you take that next step.

Schedule a Call

GTA Home Sales Expect To Rebound In 2019

25 February 2019
Larose Team

January 2019- Mississauga fared better than Toronto in January according to TREB data just released this week.

Unit sales in Mississauga were up approximately 7% compared to a decrease in detached and condo sales for the City of Toronto. TREB analysts are predicting 83,000 homes will be sold in the GTA in 2019- a 7.3% increase over 2018.  In the opening weeks of 2019, listings for good properties are hard to come by and buyers are having to compete. Buyers are displaying confidence in the market that hasn’t been there since 2017.

‘It’s no surprise that real estate continues to be a solid investment now and into the future’ according to Kevin Larose of the Larose Real Estate Team. Sales in South Mississauga are showing strong growth so far- here are our
predictions for 2019:

For Sellers- prices are up more than 55% over the past 5 years in Mississauga. In Jan 2019, unit sales are up 11.7% which is quite a significant difference from the downtown core. ‘Buyers are looking in South Mississauga as a great alternative to raise their families or downsize says Kevin.

With many new detached, condo and townhome communities planned for Lakeview, Port Credit and Clarkson, there will be great options for downtown buyers. “An easy commute, proximity to the lake- and don’t forget we only have the one land transfer tax $ which is half of what you will need to close a property in the 416 area. It makes this area a very attractive option.”

A recent Ipsos-Reid survey found 45% of buyers have adjusted the type of home they intend to purchase due to price, and 31% said they would shop in a different location. According to Treb, we aren’t going to get back to a record level of home sales until we see more activity on the first time home buyer front.

What can we expect from mortgage rates? The mortgage industry has complained the stress test sets and unnecessarily high bar especially now that interest rates have increased. ‘We don’t see rates climbing in the first half of 2019’ says Kevin Larose. ‘Quite the opposite- there is a very good chance we will see rates fall in the short term.’ This should set the stage for a balanced spring market with buyers already pre approved for what they can afford’ says Kevin. It will leave some room for price increases in the prime locations.

The next BOC rate adjustment is set for March 6th.

If you are considering a move this spring or are looking to purchase a home in the south Mississauga area, contact us at  905-278-7355 or email




February Condo Update

The Toronto Real Estate Board (TREB) just released a their January stats, and though the inclement weather took its toll during the last week of that month, there was still an increase in transactions compared to last year.

There were 4,009 home sales through TREB’s MLS in January 2019, up by 0.6 percent compared to the previous year. The MLS HPI Composite Benchmark price was up by 2.7 percent compared to January 2018, with the Toronto condo apartment market segment in particular showing the most price growth- up 8.8 percent on a year over year basis with the average sale price of $591,444.  

In Mississauga’s condo market this past January, the average price was $441,669, up 10.04 percent compared to $401,358 from the previous year.

There were 149 condo sales in January 2019, compared to 161 condo sales in January 2018. There was a year over year growth in new listings, with 268 new compared to 239 in January the previous year. There was just a slight decrease in active listings, with 241 active listings last month compared to 253 active listings in January 2018.

There was a slight change in the amount of average days on market for Mississauga condos, which was 26 days this year compared to 29 days last January.

Many speculate that as far as the entire GTA goes in 2019, home price growth will largely be driven by the condo market segment- as condos are the most affordable home types and the most in-demand.



Gain access to exclusive incentives before the public. Sign up today to receive access to the latest developments as they become available to the public!

Best Date Night Spots For Valentine's Day

04 February 2019
Larose Team

Whether you’re looking for a romantic date night out with your significant other this Valentine’s Day, or if you are avoiding the holiday entirely and plan on staying cozy on the couch, we’ve got you covered!

We’ve put together our favourite romantic and fun things to do in Toronto with your significant other, best friend, or family.


Explore Museums

Royal Ontario Museum:  Art. Culture. Nature. Remixed. February 15th, Join us on the dance floor as we celebrate a special Friday Night Live Encore -  #FNLROM: Love, featuring free access to the new exhibition Wildlife Photographer of the Year.

Art Gallery of Ontario:  Are you a member of the Art Gallery of Ontario? February 12, 13, 14 & 15 - AGO Members are invited to join the exclusive Members’ Preview for Impressionism in the Age of Industry: Monet, Pissarro and more. Be among the first to experience this groundbreaking exhibition exploring how French Impressionist artists and their contemporaries captured the spirit of the industrial age.

Spend the day underwater

If you and your significant other both love animals, then a trip to the Ripley's Aquarium of Canada is the perfect activity for you both! Located right in the heart of Toronto, you'll be able to visit an array of sea life and even touch a stingray

Watch your favourite team

One of our favourite pastimes in Toronto is - you guessed it - our local sports teams! Take your partner or friends on a date night to watch your favourite team at the Scotiabank Arena, whether it's the Raptors or the Leafs.

Try a new restaurant

What better time than Valentine's Day should you and your significant other (or family!) go outside your comfort zone and try out new food? 

Try escaping the inner city craze and venture out to our local spots right here in South Mississauga. For something organic and fresh, Raw Aura, for an italian dish Capra's Kitchen, a little pub fare with stellar cocktailsDoor Fiftyfive.

Don't forget about dessert! Dunk N' Dip

Lace up the skates

Ice skating is a great way to break the ice (pun intended) on a first date or enjoy a special evening with your special someone.

Grab some hot chocolate afterward to warm up, or head over to a nearby bar or restaurant to continue Valentine’s Day festivities.

Finding the love of your life isn't always easy.

But we've made finding a home you love even easier.

Schedule a Call


January 2019

30 January 2019
Larose Team

We can sum up the current real estate market in the GTA in 2 words- interest rates.  There has been a lot of talk over the past month about where the interest rates are headed for 2019. A short month ago, economists were predicting another rate hike by the Bank Of Canada. A week ago, we read the BOC was putting rate increases on hold- and a short week later the Royal Bank announced a rate cut to its 5 year mortgages to 3.74% from 3.89%.

Some of the reasons: BOC is forecasting a 1.7% growth in GDP- down from its previous projection of 2.1%. This coming from a few key factors- housing activity has been weaker than expected and is taking longer to stabilize- especially in the GTA. This is primarily due to the stress test measures sparked by policy changes that were put in place last year- as well as interest rate increases. The recent significant drop in oil prices and the unstable global trade issues are also key factors.  The BOC key interest rate sits at 1.75% now which is up a full point up from 2 years ago.  It makes it hard to predict how the season is going to start off.

What does this mean for us here in the GTA- and specifically in South Mississauga? The forecast is a 2% increase overall in unit sales for 2019- ‘there will be pockets that are strong and some weak’ is our prediction.

“We live in a stable and desirable area with planned intensification over the next 10 to 15 years”, says Kevin Larose of the Larose Team. “As many as 40 to 50 thousand new residents are going to be calling this area home over the next 2 decades- this is significant.”

There are numerous new developments planned for all the way from Lakeview to Clarkson- everyone wants to live near the lake. This should bode well for all housing types- especially single family as more of the planned developments include multi unit condos and townhouses.

Look for our  new ‘Lakeview Developments’ section in our newsletter- we will keep you posted on new and pre-construction activity on a monthly basis. Exciting times!


Mississauga - Condo Market Update

December real estate sales in Mississauga took a slight downturn for the second straight year.

The latest monthly sales tracking figures from the Toronto Real Estate Board (TREB), showed 7,746 total sales (detached and condo) in Mississauga which represented a 16.4 percent drop compared to December 2017 at 9,269 sales.

The best performing sector of the market last year came in townhome-style condos, which saw an average price increase of $569,397 compared to $519,483 in December 2017- a 9.6 percent annual spike. Apartment-style condos saw a year over year average price growth from $401,024 last year to $427,560 last month.

In Mississauga, there were 127 condo sales in December 2018 compared to 180 condo sales in December 2017. There was a year over year drop in both new and active listings, with 109 new and 199 active, compared to 187 new listings and 284 active listings in December the previous year.

There was a slight change in the amount of average days on market for Mississauga condos, which was 27 days this year compared to 23 days last December.

Looking ahead into 2019, many still predict that due to their lower price point and relative affordability (compared to the detached housing market), the condo market will continue its strength and modest price gains and continue to be the most desirable fit for homebuyers.


Pre-Construction Condos & Towns

Gain access to exclusive incentives before the public. Sign up today to receive access to the latest developments as they become available to the public!

How To Find The Right Neighbourhood For You

22 January 2019
Larose Team

It's not easy to choose the perfect neighbourhood for you or your family. Let's face it, your neighbourhood is just as important as your house. If you are not happy with your neighbourhood it will eventually lead to you not being satisfied with your home. Do your research to determine what a neighbourhood has to offer you. The greatest areas for families with children is not always the best place for a single person or empty nesters. This article will explain the things that you should be looking at in a neighbourhood during the buying process.


Location is everything. Imagine living in an amazing area, but you work over 50 km away. This will not leave you with much time to enjoy everything that your neighbourhood has to offer considering you will be spending most of your time commuting to work. Even though there may be a great neighbourhood available 50 km away from work, that does not mean you need to consider that home unless you are able to work from home. Commuting can be overwhelming and will create a dissatisfaction to the home you purchased.

Location plays a huge factor when it comes to the community and it's amenities. If you live in a rural area, you will most likely not find any gyms, retail stores, or things to do. However, if you enjoy the seclusiveness of a rural area, this may work for you. Drive around the surrounding area to see everything that is in proximity. 

Pro Tip: Drive or Walk around the Area's You Are researching.  Make sure to take note of distances and time that it takes to get to some of the places you may be going to often.

Interview the locals

Asking the locals in an area is a great way to see if you would enjoy it there. Locals will know the area best and can make you aware of the perks and issues. Most people love chatting about their neighbourhood and where they live.

How can you Get involved without physically going to every business or community centre?  


Join The local Facebook Community group to get a vibe of the neighbourhood.  You can even ask questions to get real feedback. Asking questions like:

1) I am moving to the area and was curious to hear what some of you love about living here?
2) I am curious to hear what some of the changes you are hoping for in the near future?                              
3) What is something  that you would only know if you lived here?

Pro Tip: You Can also Google: How is Living in (Neighbourhood).  This will reveal many other forums or blogs that give local insight.


If you have kids in your home then schools may be the most important factor to your neighbourhood. Some people are looking for a school nearby for their kids to walk to school and some are seeking schools for children with special needs. The best advice we could give is to decide on the schools you enjoy first, then begin looking for the neighbourhoods around the school. 

Pro Tip: There are many online resources such as where you can look up the schools in your area and their rating. Once you have decided on a school that you believe will be best for your family, visit the school.

Property Values

The value of a property plays a huge role on choosing a neighbourhood. If your desired neighbourhood has high value homes this means higher taxes  to provide services in the area. If a home has a declining property value, like we had in 2008, it can directly impact the value of the entire neighbourhood. An area that once was a great looking place to live can slowly turn into a run down location in need of some tender, love, and care.  

In terms of choosing a home in each respective neighbourhood I recommend to subscribe to the old adage of not choosing the most expensive home in the neighbourhood.  

Pro Tip: Don't Go For the Most Expensive Home in the neighbourhood if the home value is above the average it may appreciate slower or take longer to sell than those closer in value to the average.

Property Taxes

Taxes will vary by neighbourhoods, so you should definitely consider them when buying a home. Like we stated above with property values, areas that are appreciating in value are also going to have larger taxes. Many cities have specific times of the year where they reassess home values to ensure the local government is getting the proper amount of tax revenue to provide the city with services. Purchasing at the top of your budget can make the excitement of purchasing a home become a nightmare when all your other expenses roll in.

This is why it is important to make sure you consider all the expenses that come with owning a home. We can always help you with any questions you have, so do not be scared to give us a call. 

Pro Tip:  Don't purchase a home at the top of your price range if you are buying in a neighbourhood with increasing values because the taxes you pay will go up in cost as well.



While some consider safety to be the most important factor in a neighbourhood, not everyone can afford to live in a gated community, nor does everyone want to live in a community like that. However, you can look at the  local police  reports to see what mischief goes on in a specific area. You can even use online resources like crime maps to get an idea of the crime rate in certain areas.

*Realtors cannot discuss criminal Activity With Clients

Bottom Line

The neighbourhood that you live in can have a greater impact on your satisfaction than the home itself. The right house in the wrong area will leave you unhappy in the long-run. Research online, speak with locals, and drive around the surrounding area to determine the if the neighbourhood is right for you or your family.

Let us help you find the perfect neighbourhood.
Contact us today! 

December Market Report

20 December 2018
Larose Team

Mississauga- As we wind down 2018, the big story now is where interest rates are headed for 2019. As early as last month, all indicators were pointing towards 3 more rate hikes over the next 12 to 18 months according to the Bank of Canada. Fast forward to this month- with falling oil prices, trade war threats, a slowing housing market and reduced consumer spending - interest rates don’t look like they are going up anytime soon. ‘We may even see rates fall instead of increase during the next go around’ says Kevin Larose.

Previous rate hikes and tighter mortgage rules have shrunk the prime mortgage market and mortgage revenue is down across all the big banks. So what are the best rates right now- variable rates are looking good as we move into 2019. The best variable new mortgage rate for well qualified borrowers is currently 2.8 percent or less if the mortgage is insured.

This could change quickly again. Based on current mortgage lending rules,see belowfor an overview on mortgage qualification criteria and rates. 
*Rates as of December 2018


5-19% Downpayment
25 Year Max Amortization
Client Paid Insurance

Lowest Rates
3.39% - Fixed  2.85% - Variable

Conventional Insurable

20% or More Downpayment
25 Year Max Amortization
Lender Paid Insurance

In The Middle
3.59% - Fixed  3.1% - Variable

True Conventional

20% or More Downpayment
30 Year Max Amortization
No Insurance

In The Middle
3.84% - Fixed  3.35% - Variable

If you are looking at securing a mortgage- or want a second opinion, contact us at the Larose Team and we will put you in touch with our preferred Mortgage Lenders
905 278-7355 or email




On December 5th, 2018, Options Mississauga celebrated 25 years in business with a gathering of friends and local business owners. Joining in the festivities was our newly elected Ward 1 Councillor Stephen Dasko who participated in the ribbon cutting event launching the new renovations.

Options Mississauga is a registered charity supporting intellectually disabled adults now offering a new intensive training program and employment opportunities in the print business and in store.

For all your printing needs - and more info visit:

Visit Options at 113 Lakeshore Road West, Mississauga


The Larose Team wishes you and yours Merry Christmas and a Happy New Year!