8/25/2025 | Posted in Ontario News by Mario, Mimma & Peter Volpentesta
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Ontario’s housing minister is acknowledging that new home construction in the province is at a “standstill,” potentially derailing the Ford government’s ... More
5/28/2025 | Posted in First Time Home Buyers by Mario, Mimma & Peter Volpentesta
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To lower the upfront cost of buying a new home for young Canadians and spur the construction of new homes across the country, the government is eliminating the Goods and ... More
5/5/2025 | Posted in Canada Living by Mario, Mimma & Peter Volpentesta
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Prime minister Mark Carney has unveiled a sweeping set of reforms aimed at addressing Canada’s deepening housing crisis, including further limits on immigration and major ... More
3/27/2025 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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Greater Toronto Area (GTA) new home sales remained historically slow in February, marking the lowest ever February on record, the Building Industry and Land Development ... More
3/5/2025 | Posted in New Developments by Mario, Mimma & Peter Volpentesta
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Canada’s building industry is warning that a trade war with the United States will slow down the pace of home construction. ... More
10/28/2024 | Posted in New Developments by Mario, Mimma & Peter Volpentesta
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New home sales in the Greater Toronto Area remained sluggish last month, but a new report suggests that the market is now primed for buyers following four consecutive interest ... More
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
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
8/2/2024 | Posted in First Time Home Buyers by Mario, Mimma & Peter Volpentesta
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The Canada Mortgage and Housing Corporation (CMHC) has officially launched Home Start, a 30-year mortgage option for first-time homebuyers purchasing newly constructed homes. ... More
5/30/2024 | Posted in Government and Regulation by Mario, Mimma & Peter Volpentesta
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The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes. ... More
5/22/2024 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause. ... More
4/16/2024 | 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 March declined seven per cent compared with February. ... More
4/11/2024 | Posted in Government and Regulation by Mario, Mimma & Peter Volpentesta
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Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More
4/4/2024 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, ... More
4/2/2024 | Posted in Government and Regulation by Mario, Mimma & Peter Volpentesta
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Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development ... More
3/18/2024 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country. ... More
10/6/2023 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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A recent report from the Canadian Centre for Policy Alternative(opens in a new tab) shows that new housing construction is at a lower level today than it was at the worst point ... More
9/22/2023 | Posted in New Developments by Mario, Mimma & Peter Volpentesta
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August activity at more than 60% below the region's 10-year average sales level ... More
8/18/2023 | Posted in New Developments by Mario, Mimma & Peter Volpentesta
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Many Canadian homebuyers waiting patiently for construction to finish on their pre-sale unit are being met with cancellation notices from developers. The building environment ... More
2/10/2020 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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The national trend in housing starts essentially held steady in January. ... More
1/10/2020 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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There was a decline in the 6-month moving trend in Canadian housing starts in December. ... More
1/7/2020 | Posted in New Developments by Mario, Mimma & Peter Volpentesta
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There was strong demand for newly built homes in the Greater Toronto Area in November, the latest month of data released by Altus Group. ... More
11/5/2019 | Posted in New Developments by Mario, Mimma & Peter Volpentesta
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New single-family home sales in the Greater Toronto Area increase a whopping 283% ... More
9/18/2019 | Posted in GTA Real Estate by Mario, Mimma & Peter Volpentesta
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According to a recent BILD report, these charges make a significant impact on affordability. ... More
7/11/2019 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Canadian housing starts trended higher in June, primarily due to higher trending row and apartment starts, in urban areas. ... More
6/27/2019 | Posted in New Developments by Mario, Mimma & Peter Volpentesta
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There was strong activity in the Greater Toronto Area’s new homes market in May: 4,794 new homes were sold in the month, up 94% ... More
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
4/30/2019 | Posted in Home Buyers by Mario, Mimma & Peter Volpentesta
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If you’re considering a custom-built home, here’s everything you need to know. ... More
4/22/2019 | Posted in Toronto Real Estate by Mario, Mimma & Peter Volpentesta
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Toronto’s construction industry may have just averted a calamity. ... More
3/27/2019 | Posted in New Developments by Mario, Mimma & Peter Volpentesta
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Yet sales were still well below the 10-year average, while benchmark prices showed slight moderation from the previous month. ... More
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