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About Amar – Calgary Realtor

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Courtesy Of
Darshan Sidhu Of ESTATEVIEW

$369,999 - 1087 Sq.Ft

Beds
4
Baths
2.00

ACTIVE

Detached

MLS® #C4275983

NEWLY RENOVATED WITH NEW KITCHEN,COUNTER TOPS,NEW LAMINATE FLOORING,DOORS,BASEBOARDS,NEW WINDOWS,SHINGLES,PAINT,APPLIANCES AND NEW DECK.FAMILY ROOM WITH BRICK FIRE PLACE,KITCHEN WITH NEW COUNTER TOPS AND NEW CABINETS AND EATING AREA.UPPER LEVEL WITH 3 BEDROOMS AND 3RD LEVEL WITH FAMILY ROOM ,BATH AND A BEDROOM AND LOTS OF STORAGE SPACE.ACROSS FROM SCHOOLS AND PARK,LRT STATION AND BUS ROUTE AND SHOPPING MALL,LOCATED IN A VERY…
Active

Courtesy Of
Sanjay Negi Of CIR REALTY

$379,900 - 1302 Sq.Ft

Beds
5
Baths
3.10

ACTIVE

Detached

MLS® #C4275928

Welcome to this beautiful property with all three finished levels. This property comes with a total of 5 BEDROOMS and 3.5 BATHROOMS with complete developed space comes at 1758.3 sqft. Roof and sidings were replaced in 2017. Upon entering, you will be welcomed by a large living room, spacious kitchen with dining area leading to the deck and a half…
Active

Courtesy Of
Rahim Dhanji Of RE/MAX HOUSE OF REAL ESTATE

$174,900 - 845 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Lowrise Apartment

MLS® #C4275979

Incredible Price on this Superb 2 Bedroom, 2 Bathroom Condo, with Underground Titled Parking, situated on the Main Floor. Just finished renovations with Brand New Flooring throughout, Entire Unit was Painted including Doors & Baseboards, New Quartz Countertops in the Kitchen, & all New Stainless Steel Appliances. Fantastic open concept layout with both bedrooms and both bathrooms on opposite sides…
Active

Courtesy Of
Anmol Ghattarora Of RE/MAX REAL ESTATE (CENTRAL)

$398,900 - 1700 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4275963

Welcome to 186 Evansford Circle NW - well kept 3 bedroom home with 1700 sq ft of living space at an unbeatable price of $398,900. Open concept main floor features hardwood floors throughout with a spacious kitchen, dining room and living room. Upper floor has a large bonus room with 3 more good size bedrooms. Master bedroom has a walk-in…
Active

Courtesy Of
Christine Versnick Of CIR REALTY

$329,900 - 1078 Sq.Ft

Beds
4
Baths
2.10

ACTIVE

Detached

MLS® #C4275986

ATTENTION FIRST TIME BUYERS, INVESTORS AND RENOVATORS OPPORTUNITY AWAITS. Prime location in Woodlands close to Fish Creek Park. A highly sought after neighborhood with mature trees and great schools. A little updating and you have a wonderful home. This 4 level split’s main floor has a good sized eat in kitchen with a private 3 yr old side deck. Dining…
Active

Courtesy Of
Nettie T Hendricks Of CENTURY 21 BAMBER REALTY LTD.

$469,900 - 1850 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4275991

This OVERSIZED WALKOUT BUNGALOW offers almost 3300 square feet of developed living space. An open floor plan boasts a Great Room with adjoining kitchen and breakfast nook for everyday family enjoyment. A formal dining and living room are ready for overflow when the entertaining requires more space. Vaulted ceilings and large windows that capture the East and West sun create…
Active

Courtesy Of
Emily Liu Of HOMECARE REALTY LTD.

$384,900 - 1180 Sq.Ft

Beds
4
Baths
2.10

ACTIVE

Detached

MLS® #C4275992

Open house Sunday Nov.17 12-2pm.Don’t miss this wonderful newly renovated home under 390k! Over 1600sqf living space with fully finished WALKOUT BASEMENT and heated oversized 24'x22' DETACHED DOUBLE GARAGE and RV parking.The upgrades include: engineering hardwood floor all through house, new painting, new quartz countertop, newer roof(2017), newer kitchen, new vinyl Windows(except living room), newer tankless water heater.This 1180 sqf…
Active

Courtesy Of
Dusko Sremac Of RE/MAX FIRST

$380,000 - 999 Sq.Ft

Beds
4
Baths
1.10

ACTIVE

Detached

MLS® #C4275981

Welcome to this bright, cozy, renovated home that features almost 1,800 sqft of developed living space in the established neighbourhood of Marlborough. The landscaping gives the home stunning curb appeal, new fence all around the home and meticulously maintained lawn and in the backyard you will find an oversized garage and RV parking. The attention to detail is evident throughout…
Active

Courtesy Of
Nigel V Cameron Of RE/MAX REAL ESTATE (MOUNTAIN VIEW)

$345,000 - 1370 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4275856

This 2 storey home has a pie shaped lot with BACK ALLEY SEPARATION between your neighbors house on the east side, a large back yard, nice WIDE back alley, close to schools and shopping, this house is PERFECT for the growing family. Large ENTRY way has that WELCOMING feeling upon entering the home. Main level includes 2-pc bath, open kitchen,…
Active

Courtesy Of
Geoff L Gordon Of CIR REALTY

$600,000 - 1406 Sq.Ft

Beds
4
Baths
2.10

ACTIVE

Detached

MLS® #C4275982

VERY RARE LUXURY BUNGALOW ON A CORNER LOT! It has been almost 3 years since the last bungalow was listed on the MLS in Nolan Hill & this gorgeous home was worth the wait! This fully builder-finished property has over 2,600 sqft of developed living space, 3 bedrooms with the ability to use/convert the large den into a 4th bedroom…
Active

Courtesy Of
Peter Rallios Of CIR REALTY

$349,000 - 1078 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Semi Detached

MLS® #C4275891

Welcome to 506 33 Ave NE – THIS PROPERTY IS UNIQUE – UPSTAIRS offers over 1000 generous square feet of sunny living space with a great floor plan. There is a large south facing living room with NEWER WINDOWS over-looking the PRIVATE AND LARGE yard, the KITCHEN HAS LIMITLESS STORAGE and a LARGE EATING AREA, lots of closet space, THREE…
Active

Courtesy Of
Bowen Fric Of THE REAL ESTATE COMPANY

$899,900 - 1517 Sq.Ft

Beds
5
Baths
3.00

ACTIVE

Detached

MLS® #C4275870

Rebuilt 5-bedroom, 4-level split with full lake access. Everything is new! The curb appeal is second-to-none with soffit lights, cedar and hardie panel siding. A 30ft exposed steel beam was added to completely open up the main-floor. The great room features black cabinetry with quartz tops, a large sit-up island, s/s smart appliances, 12ft tiled fireplace and 12ft cedar feature…
Active

Courtesy Of
Dianne Lee Taillefer Of CIR REALTY

$357,500 - 939 Sq.Ft

Beds
3
Baths
2.00

ACTIVE

Detached

MLS® #C4275538

FRESHLY PAINTED ,BRAND NEW ROOF, Fully finished Bilevel with Beautiful Vaulted Ceiling and Attached Double Garage. This home offers a Bright open floor plan, 2 bedrooms on the main, Full Bathroom, Oak Kitchen and patio doors off the dinning area stepping into a fully fenced private back yard . This home shows pride of ownership , move in and enjoy…
Active

Courtesy Of
Bradley Walker Of REDLINE REAL ESTATE GROUP INC.

$999,000 - 2532 Sq.Ft

Beds
4
Baths
3.10

ACTIVE

Detached

MLS® #C4270953

Welcome to this FULLY RENOVATED Home in the heart of Renfrew! Built in 2006, but newly renovated give you a unique opportunity in a neighbourhood that has many new builds on tiny lots. Here you get the new finishes you love, but on a LARGE LOT! With over 3,600 Square Feet of developed living space and 9 FT CEILINGS throughout…
Active

Courtesy Of
Brenda Parai Of RE/MAX REALTY PROFESSIONALS

$729,900 - 1312 Sq.Ft

Beds
4
Baths
3.00

ACTIVE

Detached

MLS® #C4275690

This beautifully renovated 4 bedroom home is located on a quiet street across from a park. Updates to this lovely home include: kitchen, bathrooms, flooring, trim, basement development & windows (all in 2011), shingles & eavestroughs (2013). Open concept main floor including kitchen with full height cabinets, quartz countertops & stainless steel appliances including 6 burner gas range & new…


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Canadian home sales hold steady in October

Canadian home sales hold steady in October

Ottawa, ON, November 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were unchanged from September to October 2019.

Highlights:

  • National home sales held steady on a month-over-month (m-o-m) basis in October.
  • Actual (not seasonally adjusted) activity was up 12.9% year-over-year (y-o-y).
  • The number of newly listed properties declined by 1.8% m-o-m.
  • The MLS® Home Price Index (HPI) advanced by 0.6% m-o-m and 1.8% y-o-y.
  • The actual (not seasonally adjusted) national average sale price climbed 5.8% y-o-y.

Home sales recorded via Canadian MLS® Systems remained steady in October 2019 following a string of monthly increases that began in March. Activity is now almost 20% above the six-year low reached in February 2019 but remains 7% below heights reached in 2016 and 2017. (Chart A)

There was an almost even split between the number of local markets where activity rose and those where it declined. Higher sales in Greater Vancouver (GVA), the neighbouring Fraser Valley and Ottawa offset a monthly decline in activity in the Greater Toronto Area (GTA)—particularly in Central Toronto—and Hamilton-Burlington.

Actual (not seasonally adjusted) activity rose 12.9% year-over-year. Transactions were up from year-ago levels in 80% of all local markets in October, including all of Canada’s largest urban markets.

“Steady national activity in October hides how the mortgage stress-test remains a drag on many local housing markets where the balance between supply and demand favours homebuyers in purchase negotiations,” said Jason Stephen, president of CREA. “That said, all real estate is local, so market balance varies depending on location, housing type, and price segment. Nobody knows that better than a professional REALTOR®, your best source for information and guidance when negotiating the sale or purchase of a home,” said Stephen.

“It’s a full-blown buyer’s market or on the cusp of one in a number of housing markets across the Prairies and in Newfoundland,” said Gregory Klump, CREA’s Chief Economist. “Homebuyers there have the upper hand in purchase negotiations and the mortgage stress-test has contributed to that by reducing the number of competing buyers who can qualify for mortgage financing while market conditions are in their favour.”

The number of newly listed homes fell by 1.8% in October, with the GTA and Ottawa posting the largest declines. Almost a third of all housing markets posted a monthly decline of at least 5%, while about a fifth of all markets posted a monthly increase of at least 5%.

Steady sales and fewer new listings further tightened the national sales-to-new listings ratio to 63.7%. This measure has been increasingly rising above its long-term average of 53.6%. Its current reading suggests that sales negotiations are becoming increasingly tilted in favour of sellers; however, the national measure continues to mask significant regional variations.

Considering the degree and duration to which market balance readings are above or below their long-term averages is the best way of gauging whether local housing market conditions favour buyers or sellers. Market balance measures that are within one standard deviation of their long-term average are generally consistent with balanced market conditions.

Based on a comparison of the sales-to-new listings ratio with the long-term average, just over two-thirds of all local markets were in balanced market territory in October 2019, including the GTA and Lower Mainland of British Columbia. Nonetheless, sales negotiations remain tilted in favour of buyers in housing markets located in Alberta, Saskatchewan and Newfoundland & Labrador.

The number of months of inventory is another important measure of the balance between sales and the supply of listings. It represents how long it would take to liquidate current inventories at the current rate of sales activity.

There were 4.4 months of inventory on a national basis at the end of October 2019—the lowest level recorded since April 2017. This measure of market balance has been retreating further below its long-term average of 5.3 months. While still within balanced market territory, its current reading suggests that sales negotiations are becoming increasingly tilted in favour of sellers.

National measures of market balance continue to mask significant regional variations. The number of months of inventory has swollen far beyond long-term averages in Prairie provinces and Newfoundland & Labrador, giving homebuyers ample choice in these regions. By contrast, the measure is running well

below long-term averages in Ontario, Quebec and Maritime provinces, resulting in increased competition among buyers for listings and providing fertile ground for price gains. The measure is still well centred within balanced market territory in the Lower Mainland of British Columbia.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) rose 0.6%, marking its fifth consecutive monthly gain. (Chart B)

Seasonally adjusted MLS® HPI readings in October were up from the previous month in 14 of the 18 markets tracked by the index. (Table 1)

Recently, home price trends have generally been stabilizing in the Lower Mainland and the Prairies. While that remains the case in Calgary and Saskatoon, home prices in Edmonton and Regina have moved lower. By contrast, home price trends have started to recover in the GVA and the neighbouring Fraser Valley.

Meanwhile, price growth continues to rebound in the Greater Golden Horseshoe (GGH). In markets further east, price growth has been trending higher for the last three or four years.

Comparing home prices to year-ago levels yields considerable variations across the country, with mostly declines in western Canada and mostly price gains in eastern Canada.

The actual (not seasonally adjusted) Aggregate Composite MLS® (HPI) was up 1.8% y-o-y in October 2019, the biggest year-over-year gain since November 2018.

Home prices in the GVA (-6.4%) and the Fraser Valley (-4.2%) are still below year-ago levels, although declines are becoming smaller.

Elsewhere in British Columbia, home prices logged y-o-y increases on Vancouver Island and in the Okanagan Valley (3.1% and 2%, respectively) while having edged marginally higher in Victoria (0.5% y-o-y).

Calgary, Edmonton and Saskatoon posted price declines in the range of -1.5% to -2.5% on a y-o-y basis in October, while the gap between this year and last year widened sharply to -6.8% in Regina.

In Ontario, price growth has re-accelerated well ahead of overall consumer price inflation across most of the GGH. Meanwhile, price growth in recent years has continued uninterrupted in Ottawa, Montreal and Moncton.

All benchmark home categories tracked by the index remained in positive y-o-y territory in October 2019. Two-storey single-family home prices were up most, rising 2.5% y-o-y. One-storey single family home prices rose 1.4% y-o-y, while townhouse/row and apartment units climbed by 1% and 1.2%, respectively.

The MLS® HPI provides the best way to gauge price trends, because averages are strongly distorted by changes in the mix of sales activity from one month to the next.

The actual (not seasonally adjusted) national average price for homes sold in October 2019 was around $525,000, up 5.8% from the same month last year.

The national average price is heavily skewed by sales in the GVA and GTA, two of Canada’s most active and expensive housing markets. Excluding these two markets from calculations cuts almost $125,000 from the national average price, trimming it to around $400,000 and reducing the year-over-year gain to 4.7%.

– 30 –

PLEASE NOTE: The information contained in this news release combines both major market and national sales information from MLS® Systems from the previous month.

CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types.

MLS® Systems are co-operative marketing systems used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 130,000 REALTORS® working through 90 real estate boards and associations.

Further information can be found at http://crea.ca/statistics.

For more information, please contact:

Pierre Leduc, Media Relations
The Canadian Real Estate Association
Tel.: 613-237-7111 or 613-884-1460

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Canadian home sales rise again in September

Canadian home sales rise again in September

Ottawa, ON, October 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up slightly in September 2019.

Highlights:

  • National home sales rose 0.6% month-over-month (m-o-m) in September.
  • Actual (not seasonally adjusted) activity was up 15.5% year-over-year (y-o-y).
  • The number of newly listed properties edged back by 0.6% m-o-m.
  • The MLS® Home Price Index (HPI) advanced by 0.5% m-o-m and 1.3% y-o-y.
  • The actual (not seasonally adjusted) national average sale price was up 5.3% y-o-y.

Home sales recorded via Canadian MLS® Systems advanced for the seventh consecutive month, raising them 18% above the six-year low reached in February 2019 but leaving them about 8% below highs reached in 2016 and 2017. (Chart A)

Activity was up in slightly more than half of all local markets, led by Greater Vancouver (GVA) and the Fraser Valley (which together constitute the Lower Mainland of British Columbia).

Actual (not seasonally adjusted) sales activity was up 15.5% year-over-year, reflecting the combination of slow sales in September 2018 and a rebound in activity this year. Transactions were up from year-ago levels in all of Canada’s largest urban markets, including the Lower Mainland of British Columbia, Calgary, Edmonton, Winnipeg, the Greater Toronto area (GTA), Hamilton-Burlington, Ottawa and Montreal.

“National sales activity has begun to rebound in recent months,” said Jason Stephen, president of CREA. “That said, all real estate is local, so there’s a lot of variation in the strength of the rebound depending on the housing type, location and price segment. Nobody knows that better than a professional REALTOR®, your best source for information and guidance when negotiating the sale or purchase of a home,” said Stephen.

“Home sales activity and prices are improving after having weakened significantly in a number of housing markets,” said Gregory Klump, CREA’s Chief Economist. “How long the current rebound continues depends on economic growth, which is being subdued by trade and business investment uncertainties.”

The number of newly listed homes edged back by 0.6%. The small increase in sales combined with the small decline in new supply tightened the national sales-to-new listings ratio to 61.3% in September. This measure has been increasingly rising above its long-term average of 53.6%. At this point, this measure remains in balanced market territory, but is favouring sellers more than buyers.

Considering the degree and duration to which market balance readings are above or below their long-term averages is the best way of gauging whether local housing market conditions favour buyers or sellers. Market balance measures that are within one standard deviation of their long-term average are generally consistent with balanced market conditions.

Based on a comparison of the sales-to-new listings ratio with the long-term average, three-quarters of all local markets were in balanced market territory in September 2019, including the GTA and Lower Mainland of British Columbia. Of the remainder, the ratio was in sellers market territory in all housing markets except Saskatoon and Southeast Saskatchewan.

The number of months of inventory is another important measure of the balance between sales and the supply of listings. It represents how long it would take to liquidate current inventories at the current rate of sales activity.

There were 4.5 months of inventory on a national basis at the end of September 2019 – the lowest level recorded since December 2017. This measure of market balance has been increasingly retreating below its long-term average of 5.3 months.

As with the sales-to-new listings ratio, the number of months of inventory is still within balanced market territory but tilting in favour of sellers; however, national measures of market balance continue to mask significant regional variations.

The number of months of inventory has swollen far beyond long-term averages in Prairie provinces and Newfoundland & Labrador, giving homebuyers ample choice in these regions. By contrast, the measure is running well below long-term averages in Ontario, Quebec and Maritime provinces, resulting in increased competition among buyers for listings and providing fertile ground for price gains. Meanwhile, the measure is well centered within balanced market territory in the Lower Mainland of British Columbia, making it likely that prices there will continue to stabilize.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) rose 0.5% m-o-m in September 2019, marking a fourth consecutive gain for the measure.

Seasonally adjusted MLS® HPI readings in September were up from the previous month in 13 of the 18 markets tracked by the index. (Table 1)

In recent months, home prices have generally been stabilizing in the Lower Mainland and the Prairies, where previously they were falling. Meanwhile, price growth has begun to rebound among markets in the Greater Golden Horseshoe (GGH), rejoining the ongoing price gains in housing markets located further east.

Comparing home prices to year-ago levels yields considerable variations across the country, with mostly declines in western Canada and mostly price gains in eastern Canada.

The actual (not seasonally adjusted) Aggregate Composite MLS® (HPI) was up 1.3% y-o-y in September 2019, the biggest year-over-year gain since December 2018. (Chart B)

Home prices in Greater Vancouver and the Fraser Valley remain furthest below year-ago levels, (-7.3% and -4.8%, respectively), although declines are becoming smaller. Elsewhere in British Columbia, home prices on Vancouver Island and in the Okanagan Valley logged y-o-y increases (4% and 1.1%, respectively) while they edged slightly higher in Victoria (+0.4% y-o-y).

Prairie markets posted price declines ranging from about 1% to around 4% on a y-o-y basis in September, while y-o-y price growth has re-accelerated well ahead of overall consumer price inflation across most of the GGH. Meanwhile, price growth in recent years has continued uninterrupted in Ottawa, Montreal and Moncton.

All benchmark home categories tracked by the index returned to positive y-o-y territory in August 2019 and gains further increased in September. Two-storey single-family home prices were up most, rising 1.7% y-o-y. One-storey single family home prices rose 1.4% y-o-y, while townhouse/row and apartment units edged up 0.4% and 0.7%, respectively.

The MLS® HPI provides the best way to gauge price trends, because averages are strongly distorted by changes in the mix of sales activity from one month to the next.

The actual (not seasonally adjusted) national average price for homes sold in September 2019 was around $515,500, up 5.3% from the same month last year.

The national average price is heavily skewed by sales in the GVA and GTA, two of Canada’s most active and expensive housing markets. Excluding these two markets from calculations cuts almost $116,000 from the national average price, trimming it to less than $397,000 and reducing the year-over-year gain to 3.3%.

– 30 –

PLEASE NOTE: The information contained in this news release combines both major market and national sales information from MLS® Systems from the previous month.

CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types.

MLS® Systems are co-operative marketing systems used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 130,000 REALTORS® working through 90 real estate boards and associations.

Further information can be found at http://crea.ca/statistics.

For more information, please contact:

Pierre Leduc, Media Relations
The Canadian Real Estate Association
Tel.: 613-237-7111 or 613-884-1460
E-mail: pleduc@crea.ca




Altus Group Partners with The Canadian Real Estate Association and its Member Real Estate Boards and Associations to Expand the MLS® Home Price Index Nationally

Altus Group Partners with The Canadian Real Estate Association and its Member Real Estate Boards and Associations to Expand the MLS® Home Price Index Nationally

Advanced AVM technology from Altus Group combined with extensive data from real estate boards and associations delivers first national Canadian index making it one of largest and most comprehensive in the world

TORONTO (October 2, 2019) Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate (“CRE”) industry, together with The Canadian Real Estate Association (“CREA”) and the Founding Boards, including the Greater Vancouver Real Estate Board, the Fraser Valley Real Estate Board, the Calgary Real Estate Board, the Toronto Regional Real Estate Board, and the Quebec Professional Association of Real Estate Brokers, announced the broadening of their partnership to expand CREA’s Multiple Listing Service® (“MLS®”) Home Price Index nationally.

The MLS® Home Price Index is the most advanced and accurate tool relied on by the industry to gauge a neighbourhood’s home price levels and trends. The MLS® Home Price Index was pioneered by CREA and the Founding Boards and leverages Altus Group’s proprietary technology and sophisticated statistical models.

Altus Group developed the technology that powers the MLS® Home Price Index in 2009 which analyzes all of the sales data from a board or association’s MLS® System, applies a value to a “typical” home for various types of dwellings for each submarket, and tracks the relative change in value over time. Through the timely access to data inputs directly from the real estate boards and associations, real estate transactions across the country are captured on a real-time basis to ensure the index values capture market trends and activity to allow for faster insights for realtors and their clients. Leveraging its machine learning expertise along with its proprietary knowledge of automated valuation models (“AVM”) and data cleansing, Altus Group has continued to improve the technology that powers the MLS® Home Price Index and supports its expansion to markets across Canada.

“We’re excited to announce that for the first-time there is an agreement in place for all Canadian real estate boards and associations to join the MLS® Home Price Index and create a truly national housing price index that encompasses all of the housing market activity. Providing all of our members with this level of analysis and visibility into the market trends is invaluable,” said Michael Bourque, CEO of CREA. “We’re pleased to continue and further expand our strategic partnership with Altus Group to deliver greater value to REALTORS® and the Canadian real estate market by providing consistent and reliable insights on a local and national level.”

This new agreement provides a framework to expand the MLS® Home Price Index from the current 18 real estate boards to all of CREA’s 90 real estate boards and associations across Canada, representing more than 130,000 REALTOR® members. The expansion enables CREA and all real estate boards and associations to jointly provide a truly national MLS® Home Price Index for Canada.

“This is a reflection of the success we’ve achieved in our partnership to date, and the combination of machine learning and AVM technology delivers a powerful tool at a scale that brings greater value to everyone across the industry,” said Richard Simon, Managing Director of Data Solutions at Altus Group.

 “This expanded agreement with Altus Group enables us to support REALTORS® with the first truly national Housing Price Index. Having greater access and visibility to data is critical in today’s competitive market and a national MLS® Home Price Index will better equip REALTORS® to address the needs of consumers across all markets,” said Gregory Klump, Chief Economist at CREA.

“This is great news for REALTORS® and their clients,” said Bill Stirling, CEO of the Newfoundland and Labrador Association of REALTORS®. “The MLS® Home Price Index provides the best way to understand how local housing price trends are evolving, and we’re proud to be a part of this.”

About Altus Group Limited
Altus Group Limited is a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,500 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.

For more information on Altus Group, please visit: www.altusgroup.com.

About The Canadian Real Estate Association
The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations. CREA works on behalf of more than 130,000 REALTORS® who contribute to the economic and social well-being of communities across Canada. Together they advocate for property owners, buyers and sellers.

FOR FURTHER INFORMATION PLEASE CONTACT:

Altus Group
Jeff Hayward
Vice President, Global Marketing & Communications
416-234-4212
jeff.hayward@altusgroup.com

The Canadian Real Estate Association
Pierre Leduc
Media Relations
613-237-7111 or 613-884-1460
pleduc@crea.ca

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