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Mario & Mimma Volpentesta

Real Estate News & Articles

11/22/2017 | Posted in Canadian Housing Market by Mario & Mimma Volpentesta
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Few could have predicted the roller coaster that was the Canadian housing market in 2017. Here are 6 predictions for 2017 that ended up falling seriously short. ... More

These 6 predictions about the 2017 Canadian housing market were way off base

11/19/2017 | Posted in Mortgages and Real Estate by Mario & Mimma Volpentesta
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It will be more difficult to qualify for a mortgage in 2018, with experts saying it will slow the growth of housing in Canada. ... More

 Market vulnerability varies across Canada

11/16/2017 | Posted in Mortgages and Real Estate by Mario & Mimma Volpentesta
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Canada’s housing agency is seeking more data on home loans from shadow lenders, amid concern rising levels of debt aren’t being adequately tracked and may increase ... More

CMHC takes aim at shadow lenders amid rising debt levels

11/15/2017 | Posted in Real Estate Market by Mario & Mimma Volpentesta
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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a modest monthly increase in October but remain below levels ... More

Canadian home sales edge up again in October

11/15/2017 | Posted in Real Estate Market by Mario & Mimma Volpentesta
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In October the Teranet–National Bank National Composite House Price Index™ was down 1.0% from the previous month, a second consecutive monthly decline and the ... More

Index retreats by 1% in October

11/14/2017 | Posted in Mortgages and Real Estate by Mario & Mimma Volpentesta
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With the expectation that first-time homebuyers will be shuttered out of the housing market, thereby reducing the number of people to whom seniors can sell their homes, reverse ... More

OSFI rule changes may lead to spike in reverse mortgages

11/14/2017 | Posted in Commercial Real Estate by Mario & Mimma Volpentesta
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Commercial leasing slipped in October but the city’s real estate board says the market is still buoyant and the outlook is good. ... More

Toronto commercial market down from a year ago, outlook is positive

11/11/2017 | Posted in Home Buyers by Mario & Mimma Volpentesta
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Did you know that it’s actually less expensive to buy a home compared to a condo. ... More

Why condos are more expensive than houses in the Greater Toronto Area

11/8/2017 | Posted in Ontario Real Estate by Mario & Mimma Volpentesta
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Ontario's new condo tribunal is accessible but will only mediate and adjudicate one kind of dispute to begin. ... More

Condo disputes can now be resolved online

11/8/2017 | Posted in Ontario Real Estate by Mario & Mimma Volpentesta
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Canada Mortgage and Housing Corp. said 2,438 new housing units were launched in the Greater Toronto Area in October, a 42-per-cent drop from 4,204 units in the same month last ... More

Toronto-area new housing starts drop 42 per cent in October

11/6/2017 | Posted in Toronto Real Estate by Mario & Mimma Volpentesta
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After a slow summer following the introduction of the province’s Fair Housing Plan, Toronto’s housing market could be balancing out. ... More

Toronto prices will soon hit bottom, before beginning to climb: RBC

11/2/2017 | Posted in Toronto Real Estate by Mario & Mimma Volpentesta
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Toronto Real Estate Board President Tim Syrianos reported 7,118 residential sales through TREB’s MLS® System in October 2017. This result represented ... More

TREB Releases Monthly Market Figures Reported By GTA REALTORS®

11/1/2017 | Posted in GTA Real Estate by Mario & Mimma Volpentesta
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The unsold inventory of new condo units in the Greater Toronto Area has increased for the first time since the end of 2015. ... More

This has happened to GTA condos for the first time since 2015

10/31/2017 | Posted in Real Estate News by Mario & Mimma Volpentesta
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Ontario and B.C.'s finance ministers say they are open to the idea of a registry of pre- construction condominium sales as the Canada Revenue Agency ramps up efforts to ... More

Ontario, B.C. mull pre-construction condo sales registry amid CRA crackdown

10/30/2017 | Posted in GTA Real Estate by Mario & Mimma Volpentesta
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Sales of new homes were down 48% in the Greater Toronto Area compared to a year earlier as low- and high- rise sectors saw large declines. ... More

New home sales halved in the GTA last month

10/27/2017 | Posted in Foreign Buyers by Mario & Mimma Volpentesta
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Educational opportunities are driving Chinese homebuyer inquiries for Canadian properties, despite foreign-buyer taxes in two of the nation’s hottest housing ... More

Here's what's attracting Chinese buyers to Canadian real estate despite foreign-buyer taxes

10/27/2017 | Posted in Toronto Real Estate by Mario & Mimma Volpentesta
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This week’s census data revealed Canadians’ changing living habits – and the trickle-down effect that’s affecting the rental market and its existing ... More

Census data sheds light on rental supply

10/27/2017 | Posted in Real Estate Market by Mario & Mimma Volpentesta
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Moderate overvaluation and price acceleration continue to concern the CMHC which said Thursday that the Canadian housing market remains “highly vulnerable”. ... More

Canadian housing market still highly vulnerable says CMHC

10/26/2017 | Posted in Real Estate Market by Mario & Mimma Volpentesta
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A nationwide study by Century 21 reveals Canada's 10 priciest neighbourhoods. ... More

Canada's 10 priciest neighbourhoods

10/25/2017 | Posted in Toronto Real Estate by Mario & Mimma Volpentesta
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Condos in Toronto were selling at 22% more in the third quarter of 2017 compared to a year earlier. ... More

Toronto condo prices up 22% since last year

10/25/2017 | Posted in Mortgage Interest Rates by Mario & Mimma Volpentesta
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The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes but suggested future increases are still likely, albeit at a more gradual ... More

Bank of Canada holds rate, suggests more hikes likely at more cautious pace

10/24/2017 | Posted in GTA Real Estate by Mario & Mimma Volpentesta
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Condo investors have backed away from the Toronto area in the wake of Ontario’s new foreign buyers' tax, but that hasn’t halted construction of new homes in the ... More

New home sales in GTA slower but no crash in sight: Report

10/24/2017 | Posted in Ontario Real Estate by Mario & Mimma Volpentesta
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A renewed boost of consumer confidence will make itself apparent in the increased stability of Ontario’s residential real estate market, a few months after the ... More

Ontario stabilizing amid Fair Housing Plan, new mortgage rules - RBC

10/24/2017 | Posted in Financial Health by Mario & Mimma Volpentesta
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According to the results of a new poll conducted by a leading insolvency firm, fully one-third of Canadians indicated that they are already feeling the pinch of increasing ... More

Canadians already feeling mounting pressure from higher interest rates

10/20/2017 | Posted in Home Buyers by Mario & Mimma Volpentesta
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The newest set of mortgage restrictions announced by the OSFI will hit home buyers looking to upgrade to new properties the hardest, according to BMO financial group chief ... More

Stress test to hit 'move-up' home buyers the hardest

10/19/2017 | Posted in Toronto Real Estate by Mario & Mimma Volpentesta
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In its latest Metropolitan Outlook, The Conference Board of Canada noted that Toronto’s housing market will experience further cooling in 2018, after the moderation that ... More

Toronto housing expected to cool further in 2018

10/18/2017 | Posted in Mortgages and Real Estate by Mario & Mimma Volpentesta
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OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply.  ... More

OSFI says stress test, lending rule changes will start Jan 1, 2018 - Industry Reactions

10/14/2017 | Posted in Real Estate Market by Mario & Mimma Volpentesta
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The number of homes sold in September climbed for the second month in a row after a slowdown earlier this year that was led by a cooling in the Toronto market. ... More

Canada housing market rebound seen in mid-2018 as sales rise for second month in a row

10/13/2017 | Posted in Rental Market by Mario & Mimma Volpentesta
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Competition in Toronto's condo rental market has become so fierce that bidding wars are on the ... More

Rental market set for turbulence

10/13/2017 | Posted in Real Estate Market by Mario & Mimma Volpentesta
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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales in September rose modestly from the previous month but remained down ... More

Canadian home sales edge up again in September
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