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Courtesy Of
Piew Soe Saw Of GRAND REALTY

$445,000 - 1161 Sq.Ft

Beds
4
Baths
2.10

ACTIVE

Detached

MLS® #C4124638

Open house on Sunday July 2, 1:30-4:00pm! Come and see this fabulous 3 bedroom bungalow located on a quiet cul-de-sac. This lovely well-kept home features: Renovated kitchen including an island and granite counter tops. Fabulous main floor dining room and living room. Three bedrooms upstairs and one bedroom down. Renovated main floor 4 pc. bathroom and a 2 pc. ensuite…
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Courtesy Of
Harry Sood Of THE REAL ESTATE COMPANY LTD.

$420,000 - 1370 Sq.Ft

Beds
4
Baths
2.00

ACTIVE

Detached

MLS® #C4124634

A large, fenced, corner lot with a south facing back yard. The spacious third level family room has a corner fireplace and walks out onto a massive, tiered, newly constructed deck. (the WINNER of the largest backyard deck in Coventry award-over 800sq ft) The second level has an open concept with the kitchen, living room and dining area. Three bedrooms…
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Courtesy Of
Eamonn O'Gorman Of RE/MAX IREALTY INNOVATIONS

$427,900 - 1531 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4124637

Excellent curb appeal with this former showhome. The beautifully landscaped front yard leads to a full width veranda. You’ll love the open concept main floor. The large living room overlooks your veranda. The dining nook is huge & has tiled flooring & room for a buffet unit by the staircase. The kitchen features masses of granite counter-tops, extended height cabinetry…
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Courtesy Of
Natasha Eden Of URBAN-REALTY.ca

$549,900 - 2129 Sq.Ft

Beds
5
Baths
3.10

ACTIVE

Detached

MLS® #C4124626

This beautiful air-conditioned home located in quiet cul-de-sac, is waiting for your family to move in. Main floor offers an open dining room, kitchen with large kitchen island & under counter lights, black appliances with electric stove, large walk through pantry and a cozy living room featuring an elegant fireplace. The patio door opens out onto a beautiful 14’x30’ deck…
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Courtesy Of
David Reich Of REAL ESTATE PROFESSIONALS INC.

$259,999 - 1062 Sq.Ft

Beds
2
Baths
2.10

ACTIVE

Row House

MLS® #C4124620

What an amazing property! Nestled in the fantastic community of New Brighton this spacious 2 story town-home with double attached garage is a must see. Greeting you as you walk up to the property is a large porch and lawn for you and the family to enjoy. On the main level is a huge family room with ample space for…
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Courtesy Of
Christopher Lloyd Thompson Of SUTTON GROUP - CANWEST

$699,999 - 2390 Sq.Ft

Beds
4
Baths
2.00

ACTIVE

Detached

MLS® #C4124619

MUST SEE!! Waterfront property surrounded by trees & natural wetland, updated 2 level split nestled on 2.89 acres located only 20 minutes from CrossIron Mills. Updates include new stove, water filtration system, and paint throughout! Outside is a new asphalt pad, heated triple car detached garage shop with epoxy flooring, large stamped concrete patio complete with hot tub overlook your…
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Courtesy Of
Sukhchan S Dhillon Of FIVE STAR REALTY

$409,900 - 1270 Sq.Ft

Beds
5
Baths
2.10

ACTIVE

Detached

MLS® #C4124612

Live Up Rent Down bright bi-level. Very Well cared for fully Finished 5 Bedrooms, 2.5 Baths. Fully Finished 2 Bedroom Basement Illegal Suite. Double detached garage, Paved alley. New paint, New roof. Main Floor Features: Family Room bay window, Dining room, Kitchen, 3 Bedrooms, Bathroom & Master Bedroom with 2 PC en-suite and door to the back yard completes the…
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Courtesy Of
Anna M Zajac Of MAXWELL CANYON CREEK

$534,900 - 2190 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4124607

Move into brand new (final finishing touch-ups) home- almost 2200 square feet of living space. This 3 bedroom + bonus room home, just built by Lifestyle Homes Inc. is located in Legacy community that holds status of double winner for the "community of the year". Ready to move in home with Exceptional value, great square footage, great interior finishings. Extended…
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Courtesy Of
Mario Arcari Of SATHER REAL ESTATE PRO BROKERS LTD.

$499,900 - 1445 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Row House

MLS® #C4124608

Welcome to the Point Mckay gardens! This beautiful Townhome has had many recent upgrades and Renovations , including a magnificent newer kitchen featuring MAPLE CABINETS, GRANITE COUNTERS, GLASS TILE BACKSPLASH and stainless steel appliances. Off the kitchen nook area you have patio doors leading onto a private deck overlooking a green space. The living room is bright and open with…
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Courtesy Of
Elke White Of ROYAL LEPAGE INTEGRITY

$585,000 - 1323 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4124606

Welcome to Kincora, an opportunity to own one of most desirable bungalows in this community. This immaculate home offers 3 bedrooms, 3 bathrooms, completely finished lower level walkout overlooking a professionally landscaped yard and an oversized insulated and heated garage. The view from the rear yard overlooks spacious greenspace with walkways. Main floor features a large open concept living space,…
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Courtesy Of
Heather O'Neill Of CIR REALTY

$520,900 - 2112 Sq.Ft

Beds
3
Baths
6.10

ACTIVE

Detached

MLS® #C4124603

You'll LOVE this gorgeous 2 Storey home, in the family friendly community of CRANSTON !! Walking distance to many schools, and across the street from Good Earth Coffee !! With 3 Bedrooms and 2.5 Bathrooms, this home has beautiful upgrades, including, RAISED HEIGHTS MAPLE CABINETS WITH MATCHING GRANITE COUNTER-TOPS! A flex room on the main floor can be used as…
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Courtesy Of
Trent Gustus Of RE/MAX FIRST

$499,900 - 1894 Sq.Ft

Beds
4
Baths
2.00

ACTIVE

Detached

MLS® #C4124600

Enjoy the view, backing on a green space that will never be built upon. Owned by a professional landscaper, this would be a huge expense to do for most people, low maintenance with no grass to mow, just a few trees to trim. Fire pit out back with two covered decks from the house. The WALKOUT basement is almost complete…
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Courtesy Of
Justin Havre Of RE/MAX FIRST

$288,800 - 1168 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Row House

MLS® #C4124598

Welcome to this fantastic townhome in Copperpond park. This beautiful 3 storey home offers a fantastic open concept floor plan. As you walk in you are greeted with a spacious home office/Den. This area can be walled off to make a third bedroom complete with its own bathroom. On the main level is an open concept modern kitchen complete with…
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Courtesy Of
Kelly E Edmondson Of CIR REALTY

$389,000 - 1514 Sq.Ft

Beds
3
Baths
2.20

ACTIVE

Row House

MLS® #C4124597

SPACIOUS HOME BACKING ONTO GOLF COURSE. Welcome to your newly painted home with a spacious open floor plan that is flooded with light all day long. Backing onto the Country Hills Golf Course, with views of trees and green you will fall in love with sitting on one of your two 20 foot long patios. Featuring an open kitchen, living…
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Courtesy Of
Bryce Muir Of RESIDENTIAL ONE REAL ESTATE

$595,000 - 1125 Sq.Ft

Beds
0
Baths
2.00

ACTIVE

Detached

MLS® #C4124594

Wow!Large beautiful remodeled suited home on a huge lot in desirable Highwood! The exterior has all new contemporary rock,siding,soffits & eavestroughs.All of the main floor windows have been replaced with deluxe new including a back slider door.Two new large windows were also added in the lower suite. The open concept main floor now boasts a new modern gourmet kitchen complete…


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Home sales lower but still strong in July

Home sales lower but still strong in July

Fri, 08/14/2015 – 09:00

Ottawa, ON, August 14, 2015 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged slightly lower on a month-over-month basis in July 2015.

Highlights:

•       National home sales edged back by 0.4% from June to July.

•       Actual (not seasonally adjusted) activity stood 3.4% above July 2014 levels.

•       The number of newly listed homes edged up 0.2 per cent from June to July.

•       The Canadian housing market remains balanced overall.

•       The MLS® Home Price Index (HPI) rose 5.9% year-over-year in July.

•       The national average sale price rose 8.9% on a year-over-year basis in July; excluding Greater Vancouver and Greater Toronto, it increased by 4.1%.

The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations declined by 0.4 per cent in July 2015 compared to June. While this marks the second consecutive monthly decline in activity, sales activity in May, June and July reached their highest monthly levels in more than five years.

July sales were down from the previous month in about half of all local markets, led by declines in Hamilton-Burlington and in the Durham Region of the greater Toronto Area (GTA). The monthly decline in sales for these two markets represents a pullback from record levels in June and likely reflects an insufficient supply of listings. By contrast, sales in Newfoundland and Labrador were up most on a month-over-month basis, marking a rebound from a quiet month of June for the province.

“National sales activity remains solid, fuelled by strength in British Columbia and the Greater Toronto Area, where listings are in short supply or trending that way,” said CREA President Pauline Aunger. “That said, markets elsewhere across Canada are largely well balanced and in some cases have an ample supply of listings. As always, all real estate is local and REALTORS® remain your best source for information about sales and listings where you live or might like to in the future.”

“It’s fair to say that the strength of national sales is still a story about two cities, but it’s equally about how trends there are spreading out in their respective provinces,” said Gregory Klump, CREA’s Chief Economist. “Trends in British Columbia and Ontario have a big influence on the national figures, since they account for about 60 per cent of national housing activity. As a result, the national picture reflects how demand is running high for the short supply of single family homes in and around the GTA while the balance between supply and demand is tightening in B.C.’s Lower Mainland. These remain the only places in Canada where home prices are growing strongly.”

Actual (not seasonally adjusted) activity in July 2015 came in 3.4 per cent ahead of the same month last year, and marked the second highest July sales figure on record after 2009. Activity stood 12.6 per cent above the 10-year average for July.

Actual (not seasonally adjusted) sales were up from year-ago levels in just over half of all local markets, led by the Lower Mainland region of British Columbia and the GTA. While Calgary continued to post the largest year-over-year declines in sales compared to last year’s record levels, activity there is nonetheless running roughly in line with five and 10-year averages for sales during the month of July.

The number of newly listed homes was little changed (+0.2 per cent) in July compared to June, marking the fourth consecutive month in which new listings have held steady. New supply was up in a little more than half of all local markets, led by rebounds in Calgary and Edmonton which offset a small step down in the GTA.

The national sales-to-new listings ratio was 56.8 per cent in July, down slightly from 57.1 per cent in June. The measure has closely tracked the trend for sales this year as new supply has remained stable.

A sales-to-new listings ratio between 40 and 60 per cent is generally consistent with balanced housing market conditions, with readings above and below this range indicating sellers’ and buyers’ markets, respectively.

The ratio was within this range in about half of local housing markets in July. About one-third of all local markets breached the 60 per cent threshold in July, comprised mostly of markets in British Columbia together with those in and around the Greater Toronto Area.

The number of months of inventory is another important measure of the balance between housing supply and demand. It represents the number of months it would take to completely 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 July 2015, unchanged from the previous two months and a three-year low for the measure. The national balance between supply and demand has tightened since the beginning of the year as rising sales have drawn down on overall supply.

The Aggregate Composite MLS® HPI rose by 5.90 per cent on a year-over-year basis in July, accelerating from the 5.43 per cent year-over-year gain in June. Gains over the past year and a half had been holding steady within a range of about five and five and a half per cent.

Year-over-year price growth picked up in July for all Benchmark home types tracked by the index. Two-storey single family homes continued to post the biggest year-over-year price gains (+8.16 per cent), with comparatively more modest increases for one-storey single family homes

(+4.88 per cent), townhouse/row units (+4.49 per cent) and apartment units (+2.96 per cent).

Year-over-year price growth varied among housing markets tracked by the index. Greater Vancouver (+11.23 per cent) and Greater Toronto (+9.39 per cent) continue to post by far the biggest year-over-year price increases. By comparison, year-over-year price growth in the Fraser Valley accelerated to about six per cent, while Victoria and Vancouver Island prices continued to log year-over-year gains of about four per cent in July.

Price gains in Calgary continued to slow, with a year-over-year increase of just 0.14 per cent in July. This was the smallest gain in nearly four years, with July’s reading down about 0.7% from the peak reached in November 2014 and up by about an equal percentage compared to the recent low point reached in April 2015. Prices continued running roughly even with year-ago levels in Saskatoon.

Elsewhere, home prices were up from July 2014 levels by just under two per cent in Greater Montreal and by just under one per cent in Ottawa. By comparison, prices fell by about three and a half per cent in Regina and by about one and a half per cent in Greater Moncton.

The MLS® Home Price Index (MLS® HPI) provides a better gauge of price trends than is possible using averages because it is not affected by changes in the mix of sales activity the way that average price is.

The actual (not seasonally adjusted) national average price for homes sold in July 2015 was $437,699, up 8.9 per cent on a year-over-year basis.

The national average home price continues to be upwardly distorted by sales activity in Greater Vancouver and Greater Toronto, which are among Canada’s most active and expensive housing markets. If these two markets are excluded from calculations, the average is a more modest $341,438 and the year-over-year gain is reduced to 4.1 per cent.

– 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 109,000 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