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Mario, Mimma & Peter Volpentesta

Real Estate News & Articles

10/9/2024 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Interest rate cuts by the Bank of Canada in recent months have helped reduce ownership costs for homeowners and buyers and bring about a slight improvement in the overall ... More

Rate drops help boost housing affordability: RBC

10/8/2024 | Posted in Government and Regulation by Mario, Mimma & Peter Volpentesta
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The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary ... More

Feds launch mortgage refinancing program to boost secondary suites and ease housing crunch

10/10/2024 | Posted in Canadian Housing Market Predictions by Mario, Mimma & Peter Volpentesta
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Royal LePage’s latest housing market forecast predicts a real estate rebound that will see Canada’s “sluggish” markets in recovery mode by spring ... More

Canada's 'sluggish' housing market in recovery mode following interest rate cuts, Royal LePage forecast predicts

10/7/2024 | Posted in Canadian Economy and Interest Rates by Mario, Mimma & Peter Volpentesta
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An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month. ... More

Former Bank of Canada Official Sees Jumbo Rate Cut in October

10/3/2024 | Posted in Mortgage News by Mario, Mimma & Peter Volpentesta
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Canada’s banking regulator recently relaxed its mortgage stress test rule partly due to concerns about how the public perceives the agency’s role, according to ... More

OSFI eliminated mortgage stress test to avoid losing public confidence: Routledge

10/1/2024 | Posted in Canadian Economy and Interest Rates by Mario, Mimma & Peter Volpentesta
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Markets are increasingly betting on the Bank of Canada delivering a 50-basis point rate cut during its October 23 policy decision, with the odds now sitting at around 53% ... More

Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say

10/3/2024 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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Greater Toronto Area (GTA) home sales increased year-over-year in September. Buyers were starting to take advantage of more affordable market conditions brought about by ... More

TRREB: September Home Sales Improve Over Last Year

9/26/2024 | Posted in Home Owners by Mario, Mimma & Peter Volpentesta
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Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress ... More

Homeowners won't face mortgage stress test if renewing with new lender: OSFI

9/25/2024 | Posted in Government and Regulation by Mario, Mimma & Peter Volpentesta
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As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set to take effect on ... More

Federal government releases technical details of its latest mortgage changes

9/22/2024 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost? ... More

Is breaking your mortgage for a lower rate worth the prepayment penalty?

9/17/2024 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed 22 per cent compared with July. ... More

CMHC says annual pace of housing starts in Canada slowed in August

9/17/2024 | Posted in Government and Regulation by Mario, Mimma & Peter Volpentesta
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The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.” ... More

Federal government raises insured mortgage cap to $1.5M, expands 30-year amortizations

9/16/2024 | Posted in Real Estate News by Mario, Mimma & Peter Volpentesta
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National home sales increased in June following the Bank of Canada's first interest rate cut since 2020, and activity posted another small gain in August on the heels of ... More

Canadian Housing Activity Remains in Holding Pattern

9/13/2024 | Posted in New Developments by Mario, Mimma & Peter Volpentesta
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The total value of building permits surged by 22.1% month-over-month to $12.39 billion in July 2024, far exceeding market expectations of a 2.5% increase, following an upwardly ... More

Canada Building Permits Surge in July, Far Exceeding Expectations

9/12/2024 | Posted in Canadian Economy and Interest Rates by Mario, Mimma & Peter Volpentesta
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One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession. ... More

Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says

9/10/2024 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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CBRE report ranks Toronto as 4th-best North American market, has largest job growth since 2018 ... More

Toronto remains a top tech talent market, but leasing activity slow

9/10/2024 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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While the Bank of Canada may be lowering interest rates, the move is not having an immediate effect on Canada‘s housing market, an economist at one of Canada’s ... More

Rate cuts have yet to budge GTA housing market: RBC

9/5/2024 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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Canada’s commercial real estate sector saw positive momentum in the second quarter of the year, according to a new report, which notes further reductions in borrowing ... More

Investors showed

9/5/2024 | Posted in Mortgage Interest Rates by Mario, Mimma & Peter Volpentesta
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Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time ... More

Interest rate cut welcome news for homeowners with variable-rate mortgages

9/5/2024 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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Greater Toronto Area (GTA) home sales were down on a year-over-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing ... More

TRREB: GTA Housing Market Becoming More Affordable

9/4/2024 | Posted in Canadian Economy and Interest Rates by Mario, Mimma & Peter Volpentesta
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The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower. ... More

Bank of Canada makes third rate cut in a row

8/28/2024 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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A home building industry association says new home sales in July were at an all-time low, and is calling on urgent action from the government. ... More

New report calls for urgent government action as GTA home sales in July at an all-time low

9/3/2024 | Posted in Canadian Housing Market Predictions by Mario, Mimma & Peter Volpentesta
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Interest rate cuts should spark buying activity says RE/MAX Canada ... More

Canadian house prices could rise by up to 6% in steady fall market

9/3/2024 | Posted in Interest Rates by Mario, Mimma & Peter Volpentesta
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The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ... More

The Bank of Canada is expected to cut rates again, with U.S. Fed on deck

8/20/2024 | Posted in Canadian Economy and Interest Rates by Mario, Mimma & Peter Volpentesta
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Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say. ... More

Inflation eases further in July: Bank of Canada poised for rate cut

8/13/2024 | Posted in Mortgage Advice by Mario, Mimma & Peter Volpentesta
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Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated ... More

Preparing for your mortgage renewal: Tips to ease the stress of higher payments

8/15/2024 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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While there were early signs of renewed momentum in June following the Bank of Canada’s first interest rate cut since 2020, activity in Canada’s housing market took ... More

Fledgling Canadian Housing Market Momentum Hits Pause in July

8/3/2024 | Posted in Canadian Economy and Interest Rates by Mario, Mimma & Peter Volpentesta
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Markets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labor market in the U.S. looks to be loosening faster than ... More

Bank of Canada seen cutting rates faster after weak U.S. jobs data

8/13/2024 | Posted in Condos For Sale by Mario, Mimma & Peter Volpentesta
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Strained affordability amid higher borrowing costs continues to drag down Toronto’s “lethargic” housing market this summer, according to a new report by RBC ... More

'Mounting condo inventories' could put downward pressure on Toronto's real estate market: report

8/8/2024 | Posted in Canadian Economy and Interest Rates by Mario, Mimma & Peter Volpentesta
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TD, CIBC and BMO have led the way with their revised forecasts, with all now expecting the Bank of Canada to cut interest rates faster and deeper over the next 16 months. ... More

The Big Banks are slashing their interest rate forecasts
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