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Mario, Mimma & Peter Volpentesta

Real Estate News & Articles

7/15/2019 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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The bounce-back in single-detached home sales is contributing to an uptick in average price, with more than 50 per cent of neighbourhoods in the Greater Toronto Area reporting ... More

Rising detached home sales pull up average price in the GTA

8/14/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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The trend in housing starts was 208,970 units in July 2019, compared to 205,765 units in June 2019, according to Canada Mortgage and Housing Corporation (CMHC). ... More

Canadian housing starts trended higher in July

8/12/2019 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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Offices and apartments were the major commercial asset investment drivers in the GTA during Q2 2019, according to Altus Group. ... More

Offices and apartments are bolstering GTA commercial investment

8/9/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada. ... More

Canadians more likely to be homeowners, have a mortgage

8/6/2019 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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GTA REALTORS® reported 8,595 sales through TREB's MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018.  ... More

TREB Releases July Market Figures

8/2/2019 | Posted in Financial Health by Mario, Mimma & Peter Volpentesta
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The average Canadian household paid nearly $40,000 in taxes last year, more than the combined cost of clothing, food and shelter, according to a new report. ... More

Average Canadian household spent more on taxes than living costs in 2018, report finds

8/2/2019 | Posted in Canadian Economy and Housing Market by Mario, Mimma & Peter Volpentesta
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Here’s a look at how lower rates south of the border could ripple through our country, according to five experts. ... More

5 ways the U.S. Fed's rate cut affects Canadians

8/2/2019 | Posted in Recreational Properties by Mario, Mimma & Peter Volpentesta
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There are few things more Canadian than a weekend at the cottage, but given the leisure property’s appreciation potential, shielding it from capital gains taxes is ... More

How to avoid a capital gains tax on your cottage

7/31/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Housing in Canada is in “well-balanced territory” after a government tightening of mortgage-lending rules intended to cool a market that had become overheated, ... More

Canada's Housing Market Now Well-Balanced

7/29/2019 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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The market for condo apartments remained strong in the Greater Toronto Area in the second quarter. ... More

GTA condo apartment sales up 3.2% in the second quarter

7/28/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ... More

With fixed rates below variable ones, mortgage market is in the Upside Down

7/24/2019 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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The Greater Toronto Area’s surging industrial property market is largely impelled by sustained demand for e-commerce and logistics facilities. ... More

Dynamism in GTA industrial's segment fuelled by e-commerce, logistics

7/24/2019 | Posted in Recreational Properties by Mario, Mimma & Peter Volpentesta
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RE/MAX survey finds 74% of regions are seeing an uptick in prices ... More

Recreational homes prices are rising across most regions

7/21/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ... More

Central bank qualifying rate used in mortgage stress tests falls

7/19/2019 | Posted in Toronto Real Estate by Mario, Mimma & Peter Volpentesta
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Toronto has been ranked as Canada’s most attractive city to move to, according to a survey from finance planning website Finder.com. ... More

Toronto tops survey of country's most popular city to move to

7/18/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp. ... More

OREA calls for relaxed mortgage rules

7/18/2019 | Posted in Mortgage Interest Rates by Mario, Mimma & Peter Volpentesta
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. ... More

The era of higher mortgage rates was short-lived

7/18/2019 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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Relative to the sizes of their respective markets, new office building construction in Canada is at a pace nearly twice that in the United States, according to a recent report ... More

Office construction in Canada's major cities accelerates significantly

7/17/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid ... More

Alternative lenders increase share of slowing Canadian mortgage market: CMHC

7/15/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were little changed in June 2019 from the previous month. ... More

Canadian home sales hold steady in June

7/15/2019 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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Commercial real estate in the Greater Toronto Area saw a slower pace of activity in the second quarter of 2019 compared to a year earlier. ... More

CRE activity in the GTA dropped 15% year-over-year in Q2

7/15/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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The price of a Canadian home increased a modest 1.1 per cent in the second quarter of 2019, largely due to price appreciation in Ontario. ... More

Rising home prices in Ontario cities fuel slight increase in Canada overall

7/15/2019 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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Demand for offices in Toronto and Vancouver has squeezed the vacancy rates of both, making them the joint tightest markets in North America. ... More

Toronto, Vancouver tied for lowest office vacancy rate in NA

7/12/2019 | Posted in Toronto Real Estate by Mario, Mimma & Peter Volpentesta
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Amid sustained high levels of demand, condos continued to be the fastest appreciating residential property type in the Greater Toronto Area according to a new report. ... More

Condo prices continue growing the fastest in red-hot Toronto

7/11/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Canadian housing starts trended higher in June, primarily due to higher trending row and apartment starts, in urban areas. ... More

Canadian Housing Starts Jump To Highest Level Since 2007

7/10/2019 | Posted in Canadian Economy and Interest Rates by Mario, Mimma & Peter Volpentesta
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More

Bank of Canada keeps key interest rate steady

7/9/2019 | Posted in Toronto News by Mario, Mimma & Peter Volpentesta
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U-Haul’s annual migration trends report for 2018 shows more people are moving to Toronto. ... More

Toronto is still the number 1 Canadian migration city

7/9/2019 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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The shift towards flexible working has been changing the demand of office tenants over recent years and a new report shows the strength of ... More

Toronto among fastest-growing flexible workspace markets

7/5/2019 | Posted in Rental Market by Mario, Mimma & Peter Volpentesta
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The strength of the economy and labour market in the Greater Toronto Area is boosting rental activity. ... More

Toronto condo apartment rentals up 15% in June

7/4/2019 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4 per cent ... More

GTA REALTORS® Release June 2019 Stats
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