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Mario, Mimma & Peter Volpentesta

Real Estate News & Articles

6/17/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ... More

Mortgage market suffers 'extended chill' says Equifax

6/17/2019 | 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 climbed further in May 2019. ... More

Canadian home sales rise again in May 2019

6/16/2019 | Posted in Holidays and Traditions by Mario, Mimma & Peter Volpentesta
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To all awesome dads, step dads, grandpas, soon-to-be-dads : Hope you have a great day enjoying your favourite things! ... More

Happy Father's Day

6/14/2019 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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Colliers says that with strong demand and a record low vacancy, the GTA’s industrial market will solidify its position as one of North America’s leaders. ... More

GTA industrial market compares well to US leaders says Colliers

6/13/2019 | Posted in Home Buyers by Mario, Mimma & Peter Volpentesta
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Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More

Price growth expectations and financial risk: top influences for homebuyers

6/11/2019 | Posted in Mortgage Interest Rates by Mario, Mimma & Peter Volpentesta
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ... More

More mortgage rate cuts could be coming for Canadian homebuyers

6/11/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ... More

Regulator defends mortgage stress test in face of pushback from industry

6/11/2019 | Posted in Financial Health by Mario, Mimma & Peter Volpentesta
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A warning has been issued regarding investment schemes that promise tax write-offs by investing in real estate through limited partnerships. ... More

CRA issues warning about real estate investment schemes

6/11/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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The trend in housing starts was 201,983 units in May 2019, compared to 205,717 units in April 2019, according to Canada Mortgage and Housing Corporation (CMHC). ... More

Canadian housing starts trend decreased in May

6/10/2019 | Posted in Real Estate News by Mario, Mimma & Peter Volpentesta
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Cooling housing markets are being seen in many major cities across the developed economies. ... More

Cooler housing markets is a growing trend in developed economies

6/10/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Last week’s market reports from real estate boards across Canada indicate there is recovery underway with even the tough market conditions in Vancouver suggesting a ... More

Market collapse appears less likely says RBC

6/7/2019 | Posted in GTA News by Mario, Mimma & Peter Volpentesta
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Market beginning to favour sellers, number of listings is lagging - TREB says there were 9,989 sales in May, up 18.9 per cent from the 15-year low in May 2018, while ... More

Toronto home sales up 18.9% in May from last year: TREB

6/7/2019 | Posted in Recreational Properties by Mario, Mimma & Peter Volpentesta
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Recreational homes are attracting strong interest from millennials but for many they are not second homes but the only ones they can afford. ... More

Millennials are buying recreational property rather than a main home

6/7/2019 | Posted in Ontario Real Estate by Mario, Mimma & Peter Volpentesta
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The Ontario government has passed legislation which aims to tackle the province’s housing crisis. ... More

Ontario passes legislation to cut red tape, ease housing crisis

6/7/2019 | Posted in Interest Rates by Mario, Mimma & Peter Volpentesta
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Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for ... More

Canadian mortgage rates falling to their lowest level in 2 years

6/6/2019 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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There was some better news for the new homes market in the Greater Toronto Area in April as sales jumped 123% year-over-year. ... More

GTA new home sales jumped 123% in April

6/6/2019 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks. ... More

OSFI increases domestic buffer to 2% amid household debt risk

6/6/2019 | Posted in Toronto Real Estate by Mario, Mimma & Peter Volpentesta
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Due to strong economic fundamentals Toronto’s housing market remains expensive. That’s one reason why this year’s list is dominated by neighbourhoods ... More

Where to buy real estate in 2019: The Best Deals in Metro Toronto

6/5/2019 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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Canada’s vacancy rate for industrial properties stood at a historic low of 3% during the first quarter of 2019, pointing to highly positive prospects for the asset class ... More

Industrial vacancy levels across Canada reach record lows

6/5/2019 | Posted in Home Owners by Mario, Mimma & Peter Volpentesta
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Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll ... More

Homeowners' spending on renovations falls to 6-year low

6/5/2019 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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TREB President Garry Bhaura announced that GTA REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019.1 While this result represented a ... More

GTA REALTORS® Release May 2019 Stats

6/4/2019 | Posted in Canadian Housing Market Predictions by Mario, Mimma & Peter Volpentesta
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 What The Next 5 Years Will Look Like In 33 Canadian Cities ... More

Canadian House Price Forecast

6/2/2019 | Posted in Toronto Real Estate by Mario, Mimma & Peter Volpentesta
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Torontonians could find themselves “doubling up” on housing with friends or relatives in the coming years as the city’s breakneck population growth outstrips ... More

Toronto is U.S. and Canada's fastest-growing city, and that's not good

5/31/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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The Canada Revenue Agency has identified over a $1 billion in unpaid gross taxes in the real estate sector since 2015 and has doled out over $100 million in penalties. ... More

CRA identifies over $1b in tax evasion since 2015

5/30/2019 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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But residential lots and apartment development sites saw strong growth ... More

 GTA commercial sales down 42% from a year ago

5/29/2019 | Posted in Interest Rates by Mario, Mimma & Peter Volpentesta
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The Bank of Canada today maintained its target for the overnight rate. ... More

Bank of Canada maintains overnight rate target at 1.75 per cent

5/27/2019 | Posted in Interest Rates by Mario, Mimma & Peter Volpentesta
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More

Interest rate cut now unlikely say economists

5/23/2019 | Posted in Financial Health by Mario, Mimma & Peter Volpentesta
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Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC. ... More

Household debt at a record high, senior mortgages increase

5/23/2019 | Posted in Financial Health by Mario, Mimma & Peter Volpentesta
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More

Delinquency rates hold steady even as credit market grows

5/22/2019 | Posted in Canadian Economy and Housing Market by Mario, Mimma & Peter Volpentesta
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Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More

IMF urges Canada not to change policy despite calls to ease mortgage stress test
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