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Mario, Mimma & Peter Volpentesta

Real Estate News & Articles

11/30/2021 | Posted in Toronto Living by Mario, Mimma & Peter Volpentesta
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Toronto is ranked the second best place to relocate in Canada in a recent global report. ... More

Toronto ranked second best city in Canada to move to in new global report

12/3/2021 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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Home sales reached a new record for the month of November, and the average selling price also reached a new all-time high. New listings were down substantially compared to last ... More

GTA Home Sales Hit New November Record While Listings Drop

12/2/2021 | Posted in Canadian Housing Market Predictions by Mario, Mimma & Peter Volpentesta
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Residential real estate remains an investment winner amid anticipation of another year of heat for the nationwide housing market. ... More

Home prices set to rise another 9% in 2022 says RE/MAX Canada

12/2/2021 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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The average new mortgage being taken out by today’s borrowers surged considerably as of the third quarter, reports Equifax. ... More

Average New Mortgage Size Surges 18% in Third Quarter: Equifax

12/1/2021 | Posted in Canadian HELOC by Mario, Mimma & Peter Volpentesta
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HELOC debt has also increased at a much faster rate compared to GDP, official figures indicate ... More

HELOC usage continues to accelerate - BoC

11/19/2021 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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A smart industrial hub extending beyond the Greater Toronto Area (GTA) into much of Southern Ontario isn’t just changing the way business is being done, but also the ... More

Next-generation buildings create S. Ontario smart industrial hub

11/25/2021 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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With real estate prices continuing to rise in Canada, having a financial leg up from the Bank of Mom and Dad is a significant advantage in today’s market. ... More

Rich Canadian parents are giving their kids $145k to buy homes

11/25/2021 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Canadian housing prices are set to surge again in the coming months as investors and first-time buyers scramble to buy before interest rates go up, ignoring a warning from the ... More

Up, up, up: Canada house prices poised to surge again despite central bank warning

11/24/2021 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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The Bank of Canada is warning a rush of investors into the country’s housing market this year has fueled prices and heightened the risk of a correction. ... More

Bank of Canada says investor rush into housing risks correction

11/22/2021 | Posted in Home Buyers by Mario, Mimma & Peter Volpentesta
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Canada’s red-hot housing markets could cool down in the second half of next year, according to a prominent Bay Street economist, as many buyers rush to buy now before the ... More

'No question' homebuyers racing to beat rate hikes: CIBC's Tal

11/19/2021 | Posted in Mortgage Interest Rates by Mario, Mimma & Peter Volpentesta
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Financial markets may be pricing in the first interest rate hikes as early as March, but they shouldn’t be too confident about that timing. ... More

The Latest in Mortgage News: BoC Deputy Governor Says Rate Hikes Could Come Later Than Expected

11/18/2021 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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The market is benefiting from greater confidence in its long-term prospects ... More

GTA commercial market remains a robust investor haven

11/16/2021 | Posted in Mortgage Interest Rates by Mario, Mimma & Peter Volpentesta
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Governor says team remains focused on inflation target as risks around price pressures increase ... More

BoC 'getting closer' to raising rates, says Macklem

11/15/2021 | 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 have already set a new annual record in 2021. ... More

2021 already a record year for Canadian home sales

11/12/2021 | Posted in Rental Market by Mario, Mimma & Peter Volpentesta
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As the work-from-home trend continues more people could be moving just outside of Toronto. ... More

Ontario city sees huge increase in rent prices after Toronto exodus

11/12/2021 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Reverse mortgages are gaining traction as more Canadians want to stay in their homes during retirement. ... More

Why reverse mortgages are something to consider, not fear

11/9/2021 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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Hamilton had a record-breaking $434.42 million in commercial real estate transactions in the third quarter and is on pace for a record year. ... More

Investment in Hamilton CRE on record pace in 2021

11/11/2021 | Posted in Commercial Real Estate by Mario, Mimma & Peter Volpentesta
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The tech industry has been responsible for a large chunk of office leasing during the pandemic and Toronto leads the way in North America for tech job growth, according to ... More

Tech growth drives office leasing in Canadian cities: CBRE

11/9/2021 | Posted in Home Buyers by Mario, Mimma & Peter Volpentesta
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When it comes to Ontario homeowners, a mere 11.4% of young adults across the province own their own homes. ... More

Just 11.4% of young adults in Ontario are homeowners

11/8/2021 | Posted in Mortgage Interest Rates by Mario, Mimma & Peter Volpentesta
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Existing home owners could face sensitivity to rising rates, with about $350 billion worth of mortgages set for repricing in the next year ... More

Surging bond yields point to rising mortgage rates ahead, industry watchers say

11/5/2021 | Posted in Home Buyers by Mario, Mimma & Peter Volpentesta
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For many people, building their own homes is a solution to help them get exactly what they want. ... More

How much does new home construction cost in Canada?

11/2/2021 | Posted in Mortgage Interest Rates by Mario, Mimma & Peter Volpentesta
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The Bank of Canada will likely raise its benchmark interest rate four times by 2024. ... More

Scotiabank economist predicts eight rate hikes in next two years

11/2/2021 | Posted in New Developments by Mario, Mimma & Peter Volpentesta
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It's only getting more expensive to buy a home in the Greater Toronto Area ... More

Out of control Greater Toronto Area home prices just broke yet another record

11/3/2021 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. ... More

Near Record Home Sales, Low Inventory Sustain Strong Price Growth

10/30/2021 | Posted in Rental Market by Mario, Mimma & Peter Volpentesta
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Here is the latest on the Greater Toronto Area Rental Apartment Market ... More

Toronto GTA October Rent Report 2021

11/2/2021 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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The Bank of Canada struck a positive tone on Canada’s economic recovery from the COVID-19 pandemic in its most recent interest rate announcement, with Governor Tiff ... More

What the Bank of Canada statement means for interest rates

11/2/2021 | Posted in Mortgage Interest Rates by Mario, Mimma & Peter Volpentesta
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A prominent Bay Street economist said homebuyers should start preparing sooner rather than later. ... More

CIBC's Tal to homebuyers: Start preparing for rising rates

11/1/2021 | Posted in New Developments by Mario, Mimma & Peter Volpentesta
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Urbanation reports that new condo apartment sales in the Greater Toronto Area increased 22 per cent from Q3-2020 to Q3-2021, from 6,386 units to a total of 7,773 units ... More

GTA new condo sales reach record high for Q3

10/29/2021 | Posted in Home Buyers by Mario, Mimma & Peter Volpentesta
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A proposed Home Buyers’ Bill of Rights would address a notable trend that’s emerged in a red-hot market ... More

How the government hopes to change the purchasing process
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