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Mario, Mimma & Peter Volpentesta

Real Estate News & Articles

4/23/2019 | Posted in Toronto Real Estate by Mario, Mimma & Peter Volpentesta
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More than two million square feet of leasing deals completed in Q1 of 2019 continued the unrelenting pressure on Toronto's office sector, according to Avison Young's ... More

Toronto office market: Landlords can 'name their price'

4/22/2019 | Posted in Financial Health by Mario, Mimma & Peter Volpentesta
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Sign of deteriorating financial stability for many people in the country. ... More

48% of Canadians on brink of insolvency: Survey

4/22/2019 | Posted in Toronto Real Estate by Mario, Mimma & Peter Volpentesta
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Toronto’s construction industry may have just averted a calamity. ... More

Last-minute amendment saves construction industry

4/21/2019 | Posted in Holidays and Traditions by Mario, Mimma & Peter Volpentesta
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Wishing all our clients, colleagues and friends a Happy Easter! ... More

Happy Easter

4/16/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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CIBC economist says regulators need to revisit rules that have made it harder to get a mortgage. ... More

Mortgage stress test is helping fuel alternative lending boom

4/16/2019 | Posted in Toronto Real Estate by Mario, Mimma & Peter Volpentesta
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A staggering new analysis of foreign-owned residential properties in Canada reveals that at least 10 per cent of all condos built in Toronto between 2016 ... More

1 in 10 new Toronto condos are owned by non-Canadian residents

4/15/2019 | 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 edged higher in March 2019 after having declined sharply the ... More

Canadian home sales edge higher in March 2019

4/15/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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It was the sixth consecutive decrease for the Teranet-National Bank HPI ... More

House price index posts first non-recession March fall in 20 years

4/10/2019 | Posted in GTA News by Mario, Mimma & Peter Volpentesta
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Ontario government is committing $11.2 billion, more than a third of a roughly $30-billion new transit infrastructure plan for the Greater Toronto Area. ... More

Ontario commits $11.2B for 4 major Toronto-area transit projects

4/11/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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While this season usually brings a wave of interested buyers, economists wonder if we’ll see a spring thaw in the market this year. ... More

Why house prices are unlikely to rise any time soon

4/8/2019 | Posted in Ontario Real Estate by Mario, Mimma & Peter Volpentesta
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Industry association also wants its regulator to have more power to 'kick out' unethical agents ... More

Ontario Realtors advise Ford government to end 'bully' offers

4/4/2019 | Posted in Home Buyers by Mario, Mimma & Peter Volpentesta
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Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage ... More

CMHC releases statement on Liberals' mortgage plan

4/4/2019 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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GTA home sales were flat in March compared to a year ago with 7,187 units sold by Greater Toronto Area Realtors, just 1 sale short of last March’s total. ... More

GTA home sales for March were almost exactly the same as in 2018

4/4/2019 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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Condominiums continued to lead the market in the first three months of the year while increasing population and lack of inventory put pressure on home prices across the ... More

Greater Toronto Area Home Prices See Moderate Appreciation in The First Quarter of 2019

4/3/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group. ... More

Bank of Canada 'going nowhere' with interest rates into 2020: Economist

4/3/2019 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March ... More

GTA REALTORS® Release March 2019 Stats

4/3/2019 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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A flattened real estate market in the Greater Toronto Area has the region's real estate board again calling for revisions to stricter mortgage stress tests. ... More

GTA home sales flat in March while prices edge up and listings fall

4/2/2019 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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Burgeoning industries pushed industrial and offices to new highs in Q1. ... More

Tech and ecommerce are reshaping Canada's CRE sector

4/1/2019 | Posted in Real Estate Market by Mario, Mimma & Peter Volpentesta
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The start of 2019 saw an uptick for Canada’s construction sector as both residential and non-residential posted gains; and a stronger showing for real estate ... More

First growth for construction sector in 8 months, best since 2013

3/29/2019 | Posted in Toronto News by Mario, Mimma & Peter Volpentesta
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One of Toronto’s largest shopping malls is scheduled to undergo a multi-million-dollar revitalization. ... More

Toronto's Fairview Mall to undergo $80 million revamping

3/27/2019 | Posted in New Developments by Mario, Mimma & Peter Volpentesta
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Yet sales were still well below the 10-year average, while benchmark prices showed slight moderation from the previous month. ... More

GTA new single-family home sales jumped 147% in February

3/25/2019 | Posted in Toronto Real Estate by Mario, Mimma & Peter Volpentesta
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A new proposal from a trio of councillors would expand city housing allowances to struggling households, paid for by new land transfer tax tier on homes worth $3 million and ... More

Toronto Transfer Tax Hike Proposal On $3M Homes

3/25/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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New measures for first-time home buyers could keep Canada’s housing market at cooler levels until autumn, according to a report by Royal Bank of Canada. ... More

Trudeau's New Housing Measures Could Mute Home Sales Until Fall

3/22/2019 | Posted in Toronto Real Estate by Mario, Mimma & Peter Volpentesta
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Toronto’s housing market has become a target for money laundering according to a new study. ... More

Housing Is a Magnet for Money Launderers in Toronto

3/22/2019 | Posted in First Time Home Buyers by Mario, Mimma & Peter Volpentesta
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The First-Time Home Buyer Incentive actually reduces affordability. ... More

First-Time Home Buyer Incentive reduces qualifying power

3/22/2019 | Posted in Luxury Real Estate by Mario, Mimma & Peter Volpentesta
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Canada’s luxury homes market is set for a boost from population growth and rising consumer confidence according to a new report. ... More

GTA luxury sales have stabilized says Sotheby's International

3/20/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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The construction of new homes in Canada will continue to decline for the next two years as the economy slows and higher interest rates weigh on consumers, according to a new ... More

New home construction to decline for next two years, says report

3/19/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Budget offers an array of incentives aimed at first-time homebuyers, raises the limit on tax-free RRSP withdrawals. ... More

First Time Home Buyers Get Help: Federal Budget Highlights

3/15/2019 | 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 dropped sharply from January to February 2019. ... More

Canadian home sales drop sharply in February 2019
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