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Amar Calgary RealtorAbout Amar – Calgary Realtor

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Courtesy Of
Justin Havre Of RE/MAX FIRST

$248,000 - 827 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Lowrise Apartment

MLS® #C4223178

LOCATION!!! An EXCELLENT 2Bedroom/2Bath unit in The PAVILLIONS and so close to eveything. Walk score on this one is very high. It offers a well thought out living room with a corner gas fireplace, sliding doors onto a large private patio with a gas hook-up for barbecue and a storage locker. In-suite Laundry. Open floor plan with the two bedroom…
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Bryon R Howard Of RE/MAX HOUSE OF REAL ESTATE

$539,900 - 1835 Sq.Ft

Beds
4
Baths
3.10

ACTIVE

Detached

MLS® #C4223325

Great location in the sought after community of Dahousie. Beautifully finished spacious home which backs on to a park. Many upgrades including new furnace,new triple pane windows and new appliances. Large windows bring abundant natural light to this home. Just a few blocks to neighbourhood schools and public transportation. Tons of stroage space and off street parking. This home offers…
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Yoki Nichol Of ROYAL LEPAGE SOLUTIONS

$374,900 - 1151 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Apartment High Rise

MLS® #C4222403

This Is a Civil Enforcement sale under the Civil Enforcement Act in Alberta and the property is being sold without consent of the owner. As a result, the current owner or occupant of property may not voluntarily allow access to property for viewing or measurement. You may purchase the property without access to the property. If you require access to…
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Courtesy Of
Shannon M MacLeod Of CIR REALTY

$249,900 - 865 Sq.Ft

Beds
2
Baths
1.00

ACTIVE

Row House

MLS® #C4222710

Inner city living at it’s best!!! This fantastic town house is just minutes away from downtown, 17ave, Marda Loop and features 2 bedrooms, carpet and slate tile flooring throughout, living room with a cozy wood burning fireplace, dining area, and a great kitchen with stainless steel appliances, plenty of cabinets and counter space. The upper level boasts a large master…
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Courtesy Of
Colum Cavilla Of CHARLES

$382,900 - 853 Sq.Ft

Beds
3
Baths
2.00

ACTIVE

Detached

MLS® #C4223259

Attention INVESTORS and FAMILIES! Don't miss this 3 Bedroom Bungalow (2 up and 1 down) with a very well appointed fully-developed basement. This home offers 1584 square feet of living space with an illegal one bedroom basement suited and is located in the heart of desirable Fairview on quiet Fredson Drive. Located adjacent to a large green space and just…
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Courtesy Of
Tanya Eklund Of RE/MAX REAL ESTATE (CENTRAL)

$469,000 - 955 Sq.Ft

Beds
2
Baths
2.10

ACTIVE

Lowrise Apartment

MLS® #C4223280

Welcome to Noble by Truman Homes located in the new, exciting & vibrant University District. This development incorporates built green gold building practices with a timeless design that encompasses a keen connection between people & their surroundings. This beautifully appointed 2 level, 2 bedroom unit presents 9’ ceilings, engineered wide plank hardwood floors & energy efficient contemporary light fixtures throughout…
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Gary Bain Of G.M. BAIN REAL ESTATE SERVICES LTD.

$457,500 - 1921 Sq.Ft

Beds
5
Baths
3.10

ACTIVE

Detached

MLS® #C4222820

Corner lot close to a Walk-Way and kids play park.Close to schools.This 4 + 1 Bedroom Two Story Single family home is in great condition with a fully developed basement. A total of 3 1/2 Baths. Over 2600 Sq/ft of Developed living area.A main floor Dining Room which could be an Office or Den. Bright and eastern exposure kitchen with…
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Courtesy Of
Gayle Hattie Peddle Of RE/MAX HOUSE OF REAL ESTATE

$835,000 - 1742 Sq.Ft

Beds
4
Baths
3.10

ACTIVE

Semi Detached

MLS® #C4221511

"Move in Ready" Custom home. Quality workmanship & materials throughout. Professionally landscaped yard & gardens. Great location. Close to downtown, Golf course, swimming pool, hockey arena, Glenmore Velodrome, athletic parks, off leash dog park, city pathways. MAIN FLOOR: Inviting foyer, hardwood floors throughout. Gas fireplace in Family room. Gourmet kitchen with large island, quartz counter tops, glass tile backsplash, an…
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Courtesy Of
Richard Palibroda Of RE/MAX REAL ESTATE (CENTRAL)

$569,900 - 867 Sq.Ft

Beds
3
Baths
2.00

ACTIVE

Detached

MLS® #C4223155

Open house Sunday 27th 2 to 4, 1520-3st N.W. Rare restored Circa 1928 character Crescent Heights home located on a quiet cul-de-sac. Easy walking distance to downtown , Crescent Heights park and restaurants nearby. Original Douglas Fir casings and Oak hardwood floors. Vintage Art Deco wall Sconces by J.C. Virden plus glass French door. Updates over the years: shingles, furnace,…
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Courtesy Of
Tom Waterhouse Of CIR REALTY

$199,900 - 1010 Sq.Ft

Beds
3
Baths
1.00

ACTIVE

Semi Detached

MLS® #C4223340

It's your Time to get into the Market! Perfect Investment Property, or AFFORDABLE Home. This William Street Property is located so close to shopping, 1A for easy access out of Town and in, and schools close by. The Walk Score for Historic Downtown Cochrane is PERFECT! 3 Bedrooms, Master can accommodate a King sz bed, 4 piece bath and HUGE…
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Courtesy Of
Ron A Garneau Of RE/MAX HOUSE OF REAL ESTATE

$399,000 - 1523 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Row House

MLS® #C4220401

BRIARWOOD model with main floor office or bedroom and extra wide garage in the highly desirable Phase 3 at Lakeview Green. Corner unit, close to all amenities, shopping, transit, next to North Glenmore Park and just a short drive into downtown. The kitchen has been updated with stylish ceiling height cabinets, granite counters, glass tile backsplash, stainless appliances and tile…
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Courtesy Of
Troy Abromaitis Of BUCCI LIVING LIMITED

$357,945 - 570 Sq.Ft

Beds
1
Baths
1.00

ACTIVE

Apartment High Rise

MLS® #C4222323

Located inside Radius, Bucci Developments' recently completed building parkside in the heart of Bridgeland, the C3 plan is extremely efficient with ample storage, generous living space, and a cheater ensuite. Exceptional building amenities incl concierge, an 8,000 sqft rooftop terrace/urban garden/bbq centre, 4 fitness centres (spin studio/weight and cardio rooms/yoga studio), ski/snowboard/bike workshop, SPUD (grocery delivery) room, car wash, dog…
Active

Courtesy Of
Calinda Courtoreille Of ROYAL LEPAGE SOLUTIONS

$194,900 - 983 Sq.Ft

Beds
4
Baths
2.00

ACTIVE

Detached

MLS® #C4223229

Located on a great lot that backs onto a playground and is within walking distance to downtown Black Diamond, schools and recreation facility. This four bedroom bi-level has a lot of potential for the right buyer looking for an investment property. With back alley access there is room for a future garage.
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Courtesy Of
Debbie K Murray Of CIR REALTY

$318,000 - 1189 Sq.Ft

Beds
3
Baths
3.00

ACTIVE

Detached

MLS® #C4221611

PERFECT LOCATION! Corner lot allows extra parking, yards in the older parts of town are large. 24x26 Detached Garage with a massive lean to for those garden tools. Bi-level home with Walk Up Basement to back yard. Private entrance if needed. House is well maintained and boasts a large living room. Kitchen is attached to the dining area and open…
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Courtesy Of
David Weber Of 2% REALTY

$1,275,000 - 4202 Sq.Ft

Beds
5
Baths
4.10

ACTIVE

Detached

MLS® #C4222247

IMMACULATE custom built 2 acre lot home in Aventerra Estates w/6159 sq ft of living space. Enjoy peace & tranquillity w/beautiful mountain views. A spectacular 2 storey FF walk out w/ 5 bedrooms/5 baths in pristine condition w/elegant finishing’s, quality millwork & built-ins throughout. The exquisite main floor open in layout features gleaming HW flooring, 2 fireplaces, living room, kitchen,…


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Canadian home sales fall further in December

Canadian home sales fall further in December

Ottawa, ON, January 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales posted a fourth-straight monthly decline in December 2018.

Highlights:

  • National home sales fell 2.5% from November to December.
  • Actual (not seasonally adjusted) activity was down by 19% from one year ago.
  • The number of newly listed homes was little changed from November to December.
  • The MLS® Home Price Index (HPI) was up 1.6% year-over-year (y-o-y) in December.
  • The national average sale price fell by 4.9% y-o-y in December.

Home sales via Canadian MLS® Systems fell by 2.5% in December 2018 compared to November, capping the weakest annual sales since 2012. Monthly declines in activity since September have fully retrenched its summer rally and returned it near the lowest level since early 2013.

Transactions declined in about 60% of all local markets in December, led by lower activity in Greater Vancouver, Vancouver Island, Ottawa, London & St. Thomas, and Halifax-Dartmouth, together with a regionally diverse mix of other large and medium sized urban centres.

Actual (not seasonally adjusted) activity was down 19% y-o-y in December 2018 and stood almost 12% below the 10-year average for the month of December. Sales were down from year-ago levels in three-quarters of all local markets, led overwhelmingly by the Lower Mainland of British Columbia, the Okanagan Region, Calgary, Edmonton, the Greater Toronto Area and Hamilton-Burlington.

This decline, in part, is due to elevated activity posted in December 2017 as home buyers rushed to purchase in advance of the new federal mortgage stress test that came into effect on January 1, 2018.

“What a difference a year makes,” said CREA President Barb Sukkau. “Sales trends were pushed higher in December 2017 by home buyers rushing to purchase before the new federal mortgage stress-test took effect at the beginning of 2018. Since then, the stress-test has weighed on sales to varying degrees in all Canadian housing markets and it will continue to do so this year. All real estate is local. A professional REALTOR® remains your best source for information and guidance in negotiating the purchase or sale of a home during these changing times,” added Sukkau.

“The Bank of Canada recently said that it expects housing activity will stay ‘soft’ as households ‘adjust to the mortgage stress-test and increases in mortgage rates,’ even as jobs and incomes continue growing,” said Gregory Klump, CREA’s Chief Economist. “Indeed, the Bank’s economic forecast shows it expects housing will undermine economic growth this year as the mortgage stress test has pushed home ownership affordability out of reach for some home buyers,” he added.

The number of newly listed homes remained little changed (+0.2%) from November to December, with declines in close to half of all local markets offset by gains in the remainder.

With sales down and new listings steady in December, the national sales-to-new listings ratio eased to 53.3% compared to 54.8% in November. This measure of market balance has remained close to its long-term average of 53.5% since the beginning of 2018.

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, about two-thirds of all local markets were in balanced market territory in December 2018.

The number of months of inventory is another important measure for 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 5.6 months of inventory on a national basis at the end of December 2018. While this remains close to its long-term average of 5.3 months, the number of months of inventory has swollen far above its long-term average in Prairie provinces as well as in Newfoundland & Labrador. By contrast, the measure remains well below its long-term average in Ontario and Prince Edward Island. In other provinces, sales and inventory are more balanced.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) was up 1.6% y-o-y in December 2018. The increase is smaller but still broadly in line with y-o-y gains posted since July. (Chart B)

Apartment units posted the largest y-o-y price gains in December (+4.9%), followed by townhouse/row units (+3.1%). By comparison, two-storey single-family homes posted a small increase (+0.4%) while one-storey single-family home prices eased slightly (-0.3%).

Trends continue to vary widely among the 17 housing markets tracked by the MLS® HPI. Results were mixed in British Columbia. Prices are now down on a y-o-y basis in Greater Vancouver (-2.7%) but remain above year-ago levels in the Fraser Valley (+2.5%). Meanwhile, prices posted a y-o-y increase of 6.4% in Victoria and rose 11% elsewhere on Vancouver Island.

Among housing markets tracked by the index in the Greater Golden Horseshoe region, MLS® HPI benchmark home prices were up from year-ago levels in Guelph (+6.8%), the Niagara Region (+6.8%), Hamilton-Burlington (+6.4%), Oakville-Milton (+3.3%) and the GTA (+3%). Home prices in Barrie and District remain slightly below year-ago levels (-1.1%).

Across the Prairies where supply is historically elevated relative to sales, benchmark home prices remained below year-ago levels in Calgary (-3.2%), Edmonton (-2%), Regina (-5.2%) and Saskatoon (-1.2%). The home pricing environment is likely to remain weak in these housing markets until elevated supply is reduced and becomes more balanced in relation to demand.

Home prices rose 6.9% y-o-y in Ottawa (led by an 8.3% increase in townhouse/row unit prices), 6% in Greater Montreal (led by a 9.1% increase in townhouse/row unit prices) and 2.5% in Greater Moncton (led by a 12.2% increase in townhouse/row unit prices). (Table 1)

The MLS® HPI provides the best way to gauge price trends because average price trends 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 December 2018 was just over $472,000, down 4.9% from the same month in 2017. The y-o-y decline reflects how the jump in sales in December 2017 in advance of the stress test was more pronounced in more expensive markets.

The national average price is heavily skewed by sales in Greater Vancouver and the GTA, two of Canada’s most active and expensive markets. Excluding these two markets from calculations cuts almost $100,000 from the national average price, trimming it to just under $375,000.

– 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 125,000 REALTORS® working through some 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




Canadian home sales activity softens further in November

Canadian home sales activity softens further in November

Ottawa, ON, December 17, 2018 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales posted another monthly decline in November 2018.

Highlights:

  • National home sales fell 2.3% from October to November.
  • Actual (not seasonally adjusted) activity was down by 12.6% from one year ago.
  • The number of newly listed homes declined by 3.3% from October to November.
  • The MLS® Home Price Index (HPI) was up 2% year-over-year (y-o-y) in November.
  • The national average sale price retreated by 2.9% y-o-y in November.

Home sales via Canadian MLS® Systems fell by 2.3% in November 2018, adding to the decline in October of 1.7%. While the number of homes trading hands is still up from its low point in the spring, it remains below monthly levels posted from 2014 through 2017. (Chart A)

Transactions declined in just over half of all local markets, with lower activity in the Greater Toronto Area (GTA), the Greater Vancouver Area (GVA) and Hamilton-Burlington offsetting increased sales in Edmonton.

Actual (not seasonally adjusted) activity was down 12.6% y-o-y and came in below the 10-year average for the month of November. Sales were down from year-ago levels in three-quarters of all local markets, including the Lower Mainland of British Columbia, Calgary, the GTA and Hamilton-Burlington.

“National sales activity has lost a bit of momentum over the past couple of months, but local market trends can be, and very often are, different by comparison,” said CREA President Barb Sukkau. “All real estate is local. A professional REALTOR® remains your best source for information and guidance in negotiating the purchase or sale of a home during these changing times,” added Sukkau.

“The decline in homeownership affordability caused by this year’s new mortgage stress-test remains very much in evidence,” said Gregory Klump, CREA’s Chief Economist. “Despite supportive economic and demographic fundamentals, national home sales have begun trending lower. While national home sales were anticipated to recover in the wake of a large drop in activity earlier this year due to the introduction of the stress-test, the rebound appears to have run its course.”

The number of newly listed homes fell by 3.3% between October and November, with new supply declining in roughly 70% of all local markets.

With new listings having declined by more than sales in November, the national sales-to-new listings ratio tightened slightly to 54.8% compared to 54.2% in October. This measure of market balance has remained close to its long-term average of 53.4% since the beginning of 2018.

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, about 60% of all local markets were in balanced market territory in November 2018.

The number of months of inventory is another important measure for 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 5.4 months of inventory on a national basis at the end of November 2018. While this remains in line with its long-term average of 5.3 months, the number of months of inventory is well above its long-term average in the Prairie provinces as well as in Newfoundland & Labrador. By contrast, the measure is well below its long-term average in Ontario, New Brunswick and Prince Edward Island. In other provinces, sales and inventory are more balanced.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) was up 2% y-o-y in November 2018. The increase is similar to gains posted since July. (Chart B)

Apartment units posted the largest y-o-y price gains in November (+6%), followed by townhouse/row units (+4%). By comparison, one-storey single-family homes posted a modest increase (+0.4%) while two-storey single-family home prices held steady (+0.1%).

Trends continue to vary widely among the 17 housing markets tracked by the MLS® HPI. In British Columbia, home price gains have been steadily diminishing on a y-o-y basis in the Fraser Valley (+4.7%) and Victoria (+7.2%). By contrast, price gains picked up elsewhere on Vancouver Island (+12.6%) and, for the first time in five years, were down (-1.4%) from year-ago levels in the GVA.

Among housing markets tracked by the index in the Greater Golden Horseshoe region, MLS® HPI benchmark home prices were up from year-ago levels in Guelph (+9.3%), the Niagara Region (+7.2%), Hamilton-Burlington (+6.3%), Oakville-Milton (+3.4%) and the GTA (+2.7%). Meanwhile, home prices in Barrie and District remain below year-ago levels (-2.1%).

Across the Prairies, benchmark home prices remained below year-ago levels in Calgary (-2.9%), Edmonton (-1.9%), Regina (-4%) and Saskatoon (-0.3%). Amid elevated supply relative to sales, the home pricing environment will remain weak in these housing markets until they become better balanced.

Home prices rose 6.6% y-o-y in Ottawa (led by a 7.3% increase in two-storey single-family home prices), 6.2% in Greater Montreal (led by a 9.4% increase in townhouse/row unit prices) and 4.2% in Greater Moncton (led by an 11.2% increase in townhouse/row unit prices). (Table 1)

The MLS® HPI provides the best way to gauge price trends because average price trends 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 November 2018 was just over $488,000, down 2.9% from the same month last year.

The national average price is heavily skewed by sales in Greater Vancouver and the GTA, two of Canada’s most active and expensive markets. Excluding these two markets from calculations cuts almost $110,000 from the national average price, trimming it to just over $378,000.

– 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 125,000 REALTORS® working through some 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




Canadian home sales activity eases in October

Canadian home sales activity eases in October

Ottawa, ON, November 15, 2018 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between September and October 2018.

Highlights:

  • National home sales fell 1.6% from September to October.
  • Actual (not seasonally adjusted) activity was down by 3.7% from one year ago.
  • The number of newly listed homes eased 1.1% from September to October.
  • The MLS® Home Price Index (HPI) was up 2.3% year-over-year (y-o-y) in October.
  • The national average sale price slipped by 1.5% y-o-y in October.

Home sales via Canadian MLS® Systems edged back by 1.6% in October 2018. While activity is still stronger compared to the first half of 2018, it remains below monthly levels recorded from early 2014 through 2017. (Chart A)

Transactions declined in more than half of all local markets, led by Hamilton-Burlington, Montreal and Edmonton. Although activity did improve modestly in many markets, it was offset by a decline in sales elsewhere by a factor of two.

Actual (not seasonally adjusted) activity was down 3.7% compared to October 2017 and in line with the 10-year average for the month. While sales were down y-o-y in slightly more than half of all local markets in October, lower sales in Greater Vancouver and the Fraser Valley more than offset the rise in sales in the Greater Toronto Area (GTA) and Montreal by a wide margin.

“This year’s new mortgage stress-test has lowered how much mortgage home buyers can qualify for across Canada, but its effect on sales has varied somewhat depending on location, housing type and price range,” said CREA President Barb Sukkau. “All real estate is local. A professional REALTOR® is your best source for information and guidance in negotiating a purchase or sale of a home during these changing times,” added Sukkau.

“National sales activity lost momentum in October,” said Gregory Klump, CREA’s Chief Economist. “In part, this reflects waning activity among some urban centers in Ontario’s Greater Golden Horseshoe region and the absence of an offsetting rise in sales in the Lower Mainland of British Columbia. Even so, the balance between sales and listings in these regions points to stable prices or modest gains. By contrast, the balance between sales and listings for housing markets in Alberta, Saskatchewan and Newfoundland indicates a weak pricing environment for homeowners who are looking to sell.”

The number of newly listed homes edged down 1.1% between September and October, led by the GTA, Calgary and Victoria. The decline in new supply among these markets more than offset an increase in new supply in Edmonton and Greater Vancouver.

As for the balance between sales and listings, the national sales-to-new listings ratio in October came in at 54.2% — close to September’s reading of 54.4% and its long-term average of 53.4%.

Considering the degree and duration to which market balance readings are above or below their long-term average is the best way of gauging whether local housing market conditions favour buyers or sellers. As a rule of thumb, measures of market balance 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, about two-thirds of all local markets were in balanced market territory in October 2018.

The number of months of inventory is another important measure for 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 5.3 months of inventory on a national basis at the end of October 2018. While this remains in line with its long-term national average, the number of months of inventory is well above its long-term average in the Prairie provinces and in Newfoundland & Labrador. By contrast, Ontario and Prince Edward Island are the two provinces where the measure remains

more than one standard deviation below its long-term average. In other provinces, the number of months of inventory is closer to its long-term average and suggests that sales and inventory are well balanced.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) was up 2.3% y-o-y in October 2018 with similar gains posted in each of the three previous months. (Chart B)

Apartment units posted the largest y-o-y price gains in October (+7.4%), followed by townhouse/row units (+3.9%). By comparison, one-storey single-family homes posted a modest increase (+0.6%) while two-storey single-family home prices held steady.

Trends continue to vary widely among the 17 housing markets tracked by the MLS® HPI. In British Columbia, home price gains have been diminishing on a y-o-y basis (Greater Vancouver: +1%; Fraser Valley: +6.8%; Victoria +8.5%; elsewhere on Vancouver Island: +11.8%).

By contrast, MLS® HPI benchmark price comparisons are improving on a y-o-y basis among housing markets in the Greater Golden Horseshoe region that are tracked by the index. Home prices were up from year-ago levels in Guelph (+9.3%), Hamilton-Burlington (+6.8%), the Niagara Region (+6.3%), the GTA (+2.6%) and Oakville-Milton (+2.2%). While home prices in Barrie and District remain slightly below year-ago levels (-0.9%), declines there are shrinking; if current price momentum persists, home prices in December are on track to turn positive compared to December 2017.

Across the Prairies, benchmark home prices remained below year-ago levels in Calgary (-2.6%), Edmonton (-2.4%), Regina (-3.6%) and Saskatoon (-0.9%).

Home prices rose by 6.6% y-o-y in Ottawa (led by a 7.4% increase in two-storey single-family home prices), by 6.3% in Greater Montreal (led by a 9.8% increase in townhouse/row unit prices) and by 4.2% in Greater Moncton (led by a 12.4% increase in townhouse/row unit prices). (Table 1)

The MLS® HPI provides the best way to gauge price trends because average price trends 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 2018 was just under $496,800, down 1.5% from the same month last year.

The national average price is heavily skewed by sales in Greater Vancouver and the GTA, two of Canada’s most active and expensive markets. Excluding these two markets from calculations cuts almost $114,000 from the national average price, trimming it to just under $383,000.

– 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. CREA works on behalf of more than 125,000 REALTORS® who contribute to the economic and social well-being of communities across Canada. Together they advocate for property owners, buyers and sellers.

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