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Mario & Mimma Volpentesta

Real Estate News & Articles

2/15/2019 | Posted in Canadian Housing Market by Mario & Mimma Volpentesta
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales in January 2019 were up from the previous month but remained below levels ... More

Canadian home sales improve in January 2019

2/14/2019 | Posted in GTA Real Estate by Mario & Mimma Volpentesta
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The claim that first-time buyers need more support to get into the market may be largely unfound ... ... More

Altus: Half of Toronto Real Estate Buyers Were First-Time Buyers

2/14/2019 | Posted in Canadian Housing Market by Mario & Mimma Volpentesta
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Canadian home prices fall for fourth month led by weakness in B.C., Alberta. The Teranet–National Bank National Composite House Price Index was down 0.1 per cent ... More

Home prices in longest slump since 2013

2/14/2019 | Posted in Commercial Real Estate by Mario & Mimma Volpentesta
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There was a slight dip in the value of commercial real estate sales in the Greater Toronto Area in 2018; but it was another strong performance following the previous ... More

GTA commercial sales remained strong in 2018

2/11/2019 | Posted in Commercial Real Estate by Mario & Mimma Volpentesta
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The total value of building permits issued by Canadian municipalities was up 6% (month-over-month) in December to $8.8 billion, with multifamily and commercial intentions ... More

Multifamily building permits hit a record high in December

2/8/2019 | Posted in Canadian Housing Market by Mario & Mimma Volpentesta
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The country’s overall real estate market remains “vulnerable” despite an easing in overvaluation in cities like Toronto and Victoria in the third quarter, ... More

Canada's housing market still 'vulnerable' even as Toronto valuations cool, says CMHC

2/7/2019 | Posted in Mortgages and Real Estate by Mario & Mimma Volpentesta
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The federal government appears to be considering a budget announcement that would allow first-time homebuyers to obtain 30-year insured mortgages, up from the 25-year limit ... More

30-year insured mortgages could make a comeback

2/7/2019 | Posted in Commercial Real Estate by Mario & Mimma Volpentesta
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Toronto’s office market continues to magnetize a wide range of industries, and this heated demand has become starkly apparent during the fourth quarter of 2018 when the ... More

Toronto has a 'chronic shortage' of office space

2/6/2019 | Posted in Toronto News by Mario & Mimma Volpentesta
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The Greater Toronto Area’s tech sector, the fastest growing in North America, expected to attract young professionals in greater numbers this year. ... More

Toronto tech sector slated for more growth

2/6/2019 | Posted in Toronto Real Estate by Mario & Mimma Volpentesta
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Toronto Real Estate Board President Garry Bhaura announced the release of TREB's fourth annual Market Year in Review and 2019 Outlook report. ... More

2019 Real Estate Market Outlook: TREB

2/6/2019 | Posted in Toronto Real Estate by Mario & Mimma Volpentesta
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TREB President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 4,009 home sales through TREB's MLS® in January 2019 – up by 0.6 per ... More

TREB Releasing Monthly Market Statistics for January 2019

2/6/2019 | Posted in Mortgages and Real Estate by Mario & Mimma Volpentesta
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Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility ... More

Regulator OSFI opens door to easing Canadian mortgage rules

2/5/2019 | Posted in Mortgages and Real Estate by Mario & Mimma Volpentesta
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Residential mortgage growth rose 3.1 per cent to $1.55 trillion in December from a year earlier, the slowest pace since May 2001, and half the growth rate from two years ago, ... More

Mortgage growth has shrunk to 17-year low

2/5/2019 | Posted in Ontario Real Estate by Mario & Mimma Volpentesta
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Right now, buyers often blindly offer more than what they had wanted to spend in hopes of beating their competitor. ... More

Ontario may let realtors tell homebuyers the price of other bids

2/4/2019 | Posted in GTA Real Estate by Mario & Mimma Volpentesta
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Sales of newly-built condos in the Greater Toronto Area fell back to more normal levels in 2018 following the stellar performance of the previous year. ... More

New condo sales in the GTA have slipped back to average levels

2/1/2019 | Posted in GTA Real Estate by Mario & Mimma Volpentesta
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Investment property sales in the GTA had their second-highest year ever at $21.1 billion, but the figure drawing the most attention in Altus Group’s Flash Greater ... More

GTA new homes sales plunge 40 per cent in 2018: Altus

2/1/2019 | Posted in Canadian Housing Market by Mario & Mimma Volpentesta
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The Bank of Canada has admitted that the economic impact of strict mortgage regulations, local housing restrictions, and the upward trend in interest rates was more serious ... More

Impact of tighter rules, interest rates greater than anticipated

1/30/2019 | Posted in Mortgages and Real Estate by Mario & Mimma Volpentesta
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News report had claimed Finance Minister was thinking about expanding rules, but he says he's not ... More

Morneau not considering extending mortgage stress test to cover more lenders

1/30/2019 | Posted in GTA Real Estate by Mario & Mimma Volpentesta
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Condo apartment sales in the Greater Toronto Area fell in the fourth quarter of 2018 and renters were put under greater pressure. ... More

GTA condo sales down 10% in Q4, rents surged says TREB

1/25/2019 | Posted in Mortgages and Real Estate by Mario & Mimma Volpentesta
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Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders' ... More

Canada mulls measures to curb private lenders' growth

1/24/2019 | Posted in Commercial Real Estate by Mario & Mimma Volpentesta
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The office vacancy rate in downtown Toronto has hit a record-low amid strong demand for work space by the burgeoning tech sector, according to a report by CBRE Group. ... More

Tech sector drives demand for office space in Toronto, Vancouver and Montreal

1/24/2019 | Posted in Toronto Real Estate by Mario & Mimma Volpentesta
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We are almost a month into 2019, and it feels like the Toronto real estate market is getting a fresh start. As we enter a more balanced market, the discussion will slowly shift ... More

5 Predictions For Toronto's Housing Market In 2019

1/22/2019 | Posted in Financial Health by Mario & Mimma Volpentesta
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An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency. ... More

More Canadians say they are at risk of insolvency

1/10/2019 | Posted in Luxury Real Estate by Mario & Mimma Volpentesta
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Sales of luxury properties fell in three of Canada's biggest cities last year as homebuyers retreated amid tightened mortgage guidelines and higher interest rates, ... More

Luxury home sales fall in Toronto, Montreal and Calgary in 2018: Sotheby's

1/22/2019 | Posted in Mortgages and Real Estate by Mario & Mimma Volpentesta
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Those in the market for a Toronto home shouldn’t get too excited about the prospect of lower mortgage rates, says one economist. ... More

Lower mortgage rates won't do much for Toronto homebuyers

1/16/2019 | Posted in Commercial Real Estate by Mario & Mimma Volpentesta
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The Greater Toronto Area continues to dominate Canada’s commercial real estate landscape heading into 2019 — with investment activity likely to set a record for the ... More

The top 10 CRE transactions in Toronto / GTA in 2018

1/17/2019 | Posted in Canadian Housing Market by Mario & Mimma Volpentesta
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In the not so distant past, Canadian contractors were building more single-family homes than multi-family homes, such as condo apartments. ... More

'No more detached homes for you' economist tells Canada

1/16/2019 | Posted in Interest Rates by Mario & Mimma Volpentesta
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What the Bank of Canada's decision to hold its key rate means for borrowers and savers. ... More

Poloz buys borrowers more time but punishes savers

1/15/2019 | Posted in Canadian Housing Market by Mario & Mimma Volpentesta
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales posted a fourth-straight monthly decline in December 2018. ... More

Canadian home sales fall further in December
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