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Amar Calgary RealtorAbout Amar – Calgary Realtor

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Sohini Ruparell Of RE/MAX REALTY PROFESSIONALS

$320,000 - 1427 Sq.Ft

Beds
2
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2.10

ACTIVE

Row House

MLS® #C4254636

Modern, warm and chic - the best way to describe this incredible 3 story Townhouse in Rainbow Falls! Built by Truman homes, this CORNER unit boasts beautiful hardwood floors, white quartz counter tops, built in shelving and a huge open concept main floor ready for entertaining! Upon entering you will see a spacious foyer and a beautiful office space as…
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Deven Folkins Of RE/MAX REALTY PROFESSIONALS

$569,900 - 1006 Sq.Ft

Beds
3
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2.00

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Detached

MLS® #C4254407

Beautifully renovated from top to bottom, & ideally located in the ever-popular community of Haysboro. Quiet crescent surrounded by other renovated homes. Perched up on a large lot affording lofty views! Inside you'll discover an open plan featuring a gorgeous kitchen with granite countertops & loads of dark maple cabinets, sit-up island & pantry. Hand-scraped hardwood floors & tile. Beautiful…
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Behzad Rezaeifar Of REAL ESTATE PROFESSIONALS INC.

$290,000 - 903 Sq.Ft

Beds
2
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2.00

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Lowrise Apartment

MLS® #C4254528

Quiet Location, Open Concept 2 Bedrooms, surrounded by Views and lovely Ponds. Beautiful Maple Kitchen, Granite counter and Steel Appliances. Nice dining area, Large Living Room with amazing window for needed light. In West exposure Balcony you enjoy BBQ with gas line and Green Pathway to nearby beautiful Hill Trail. Large Master Bedroom easily holds a King size bed includes…
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Belinda Parkes Of RE/MAX HOUSE OF REAL ESTATE

$550,000 - 1093 Sq.Ft

Beds
3
Baths
2.10

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Row House

MLS® #C4253076

The Winston by Brava Development Corp is a brand new luxury townhome development located in the popular community of Windsor Park. High-quality developments start with great locations. This cutting edge 19 unit complex is conveniently positioned in close proximity to Chinook Mall, the Elbow River, community tennis courts, Britannia Plaza & offers an easy commute to the downtown core via…
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Nick Wood Of RE/MAX HOUSE OF REAL ESTATE

$489,900 - 1049 Sq.Ft

Beds
4
Baths
1.00

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Detached

MLS® #C4254417

ATTENTION INVESTORS OR HOUSE FLIPPERS. THIS 3 BEDROOM, 1 BATHROOM BUNGALOW IS IN NEED OF EXTENSIVE RENOVATIONS. OPPORTUNITY KNOCKS WITH THIS AFFORDABLE FAMILY HOME. Located in the desirable community of Glamorgan steps from two elementary schools, playgrounds and community center. Close to shopping, public transportation for the short commute downtown and easy access West to the mountains. Situated on 55'…
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Don E Blocka Of SOTHEBY'S INTERNATIONAL REALTY CANADA

$9,000,000

Beds
4
Baths
3.10

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Agri-Business

MLS® #C4254350

Mountain View cattle ranch is rare in that it provides both stunning views of the hillsides and valleys while living along 1.5 miles of river frontage on the N. Thompson river; replete with 2800’ hard pack runway and 40x60 personal hangar. This profitable 335 cow/calf operation is based on 1065+ deeded acres in 11 titles and 5000+ acres leased with…
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Tony Dimarzo Of RE/MAX REAL ESTATE (CENTRAL)

$1,150,000 - 2638 Sq.Ft

Beds
4
Baths
3.10

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Detached

MLS® #C4254403

Brand New Lupi Luxury Homes SHOW HOME located at 14 Rock Lake Heights NW, nestled in the beautiful estates of Rock Lake. Features included in this exceptional architectural design are a double car heated garage, grand entry with 10 ft ceilings, large opulent kitchen with amazing Kitchenaid appliances. A gorgeous feature landscape fireplace in the oversized great room. The millwork…
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Ravi Duhra Of MY MOVE REALTY

$358,500 - 1419 Sq.Ft

Beds
3
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2.10

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Detached

MLS® #C4254590

For more info click Multimedia - Home is much bigger than it looks! FAMILY TWO STORY HOME in the community of Silverado with a SMART FLOOR PLAN & UPGRADES. QUICK POSSESSION AVAILABLE. ADDITIONAL HIGHLIGHTS: New Paint, Some New Lighting, New Smoke/CO2 Detectors, 50 Gallon Hot Water, Pot Lights, Window Coverings, Upgraded flooring - For more info click Multimedia*** Mere Posting.…
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Justin Warthe Of RE/MAX HOUSE OF REAL ESTATE

$1,099,000 - 3138 Sq.Ft

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4
Baths
3.10

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Detached

MLS® #C4254551

A HOME ONE DREAMS ABOUT. STUNNING PRIVATE BACKYARD ONTO GREEN SPACE. QUIET STREET WITH NO THROUGH TRAFFIC. ENTERTAINERS DREAM FLOOR PLAN. HIGH-END KITCHEN. BUTLER'S PANTRY. LARGE REC ROOM WITH A FULL BAR & MEDIA AREA. WELCOME HOME! This 4 bed+4 bath luxury home in sought after RockCliff Estates features 4428sqft living space. The main floor is the definition of an…
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Nathan Leech Of MAXWELL SOUTH STAR REALTY

$299,900 - 1236 Sq.Ft

Beds
3
Baths
1.10

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Row House

MLS® #C4254548

END UNIT, NO CONDO FEES, AWAY FROM THE MAIN ROAD! This end unit with no condo fees has one of the best locations within the complex. Nestled in a corner, this unit has a calde-sac feel and allows you to have easy access to your side yard as well as the nearby park. The owners did not spare when it…
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Michael Hassel Of ROYAL LEPAGE SOLUTIONS

$499,900 - 2330 Sq.Ft

Beds
3
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2.10

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Detached

MLS® #C4254302

Walk into this freshly painted home in the family friendly community of Silverado. Your new home welcomes you with open space living, PREMIUM GRANITE countertops w/ RAISED eating bar, HARDWOOD flooring, STAINLESS appliances along with a main floor OFFICE. CEILING speakers to have MUSIC playing throughout your new home. Making your way upstairs you’ll find ESPRESSO railings, take sight of…
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Michael R Laprairie Of JAYMAN REALTY INC.

$449,900 - 2012 Sq.Ft

Beds
3
Baths
2.10

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Detached

MLS® #C4254633

A remarkable home in the upcoming brand new community of King's Heights! You will be amazed to discover over 2012+sqft in this beautiful Jayman BUILT "KEIRA24" HOME with ample space for you & your growing family to enjoy! Lovely 12x24 polished Tile welcomes you into a beautiful foyer that transitions nicely past your Mud room into the spacious open plan…
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Justin Havre Of RE/MAX FIRST

$595,000 - 2412 Sq.Ft

Beds
4
Baths
3.10

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Detached

MLS® #C4254568

OPEN HOUSES Sat. and Sun. June 22&23 from 2pm to 4pm*NEW PRICE! Spectacular Custom Home on a huge pie lot in family friendly Westmere. Over 3360 SqFt of developed living space! Large welcoming foyer greets you as you enter this super clean air conditioned home. Main level is bright & spacious with gleaming hardwood floors & many stylish details. Gorgeous…
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Justin Havre Of RE/MAX FIRST

$495,000 - 2350 Sq.Ft

Beds
4
Baths
2.10

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Detached

MLS® #C4254430

A sought after community in Okotoks. Baywest Homes has built another incredible home, The Walker, a floor plan that flows with ease and is designed for a growing family. The main floor has spectacular high end finishings, a functional layout of the kitchen with SS appliances, a massive island with ample work space, and a walk thru pantry to mudroom…
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Sean Cochlan Of RE/MAX REAL ESTATE (MOUNTAIN VIEW)

$539,900 - 1747 Sq.Ft

Beds
4
Baths
3.10

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Detached

MLS® #C4254257

INCREDIBLE LOCATION! The perfect family home in a quiet and safe cul de sac with sunny, West backyard. HURRY! This upgraded BEATTIE two storey boasts 4 bedrooms and 4 bathrooms. Your kids will love the extra long lot. Tons of room to play on the two tiered deck, climb the tree-house or hide in the shade of the wonderful corner…


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Canadian home sales rise again in May 2019

Canadian home sales rise again in May 2019

Ottawa, ON, June 14, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales climbed further in May 2019.

Highlights:

  • National home sales rose 1.9% month-over-month (m-o-m) in May.
  • Actual (not seasonally adjusted) activity was up 6.7% year-over-year (y-o-y).
  • The number of newly listed homes edged back by 1.2% m-o-m.
  • The MLS® Home Price Index (HPI) fell 0.2% m-o-m in May, the fifth straight decline.
  • The actual (not seasonally adjusted) MLS® HPI stood 0.6% below May 2018.
  • The actual (not seasonally adjusted) national average sale price was up 1.8% y-o-y.

Home sales recorded via Canadian MLS® Systems rose by 1.9% in May 2019. Together with monthly gains in March and April, activity in May reached the highest level since January 2018. While sales stood 8.9% above the six-year low reached in February 2019, this latest increase has only just returned levels to their historical average. (Chart A)

While May sales were only up in half of all local markets, that list included almost all large markets, led by gains in both the Greater Vancouver (GVA) and Greater Toronto (GTA) areas.

Actual (not seasonally adjusted) sales activity was up 6.7% compared to May 2018, marking the largest y-o-y gain recorded since the summer of 2016. The increase returned sales in line with the 10-year average for the month of May. While about two-thirds of local markets posted y-o-y gains for the month, the national increase was dominated by improving sales trends in the GTA, which accounted for close to half of the overall increase.

“Home price trends and market balance continues to differ significantly among Canadian housing markets,” said Jason Stephen, CREA’s President. “All real estate is local. No matter where you are, a professional REALTOR® is your best source for information and guidance in negotiations to purchase or sell a home during these changing times,” said Stephen.

“The mortgage stress-test continues to present challenges for home buyers in housing markets where they have plenty of homes to choose from but are forced by the test to save up a bigger down payment,” said Gregory Klump, CREA’s Chief Economist. “Hopefully the stress-test can be fine tuned to enable home buyers to qualify for mortgage financing sooner without causing prices to shoot up.”

The number of newly listed homes edged back by 1.2% in May. With sales up and new listings down, the national sales-to-new listings ratio tightened to 57.4% in May compared to 55.7% in April. That said, the measure is still within close reach of its long-term average of 53.5%.

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, almost three-quarters of all local markets were in balanced market territory in May 2019.

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 5.1 months of inventory on a national basis at the end of May 2019, down from 5.3 in April and 5.6 months back in February. Like the sales-to-new listings ratio, the number of months of inventory is within close reach its long-term average of 5.3 months.

Housing market balance varies significantly by region. The number of months of inventory has swollen far beyond long-term averages in Prairie provinces and Newfoundland & Labrador, giving homebuyers in those parts of the country ample choice. By contrast, the measure remains well below long-term averages for Ontario and Maritime provinces, resulting in increased competition among buyers for listings and fertile ground for price gains.

MLS® HPI data are now available on a seasonally adjusted basis in addition to the actual (not seasonally adjusted) figures. On a seasonally adjusted basis, the Aggregate Composite MLS® HPI edged down 0.2% in May 2019 compared to April and stood 1.4% below the peak reached in December 2018.

Seasonally adjusted MLS® HPI readings in May were up from the previous month in 12 of the 18 markets tracked by the index; however, home price declines in the Lower Mainland of British Columbia contributed to the monthly decline in the overall index. Markets where prices rose in May from the month before include Victoria (0.5%), Edmonton (0.2%), Saskatoon (0.4%), Ottawa (0.7%), Niagara (0.2%), Oakville (0.8%), Guelph (0.5%), Barrie (3.6%), Montreal (0.5%) and Greater Moncton (0.5%), with gains of 0.1% in the GTA and Regina. By contrast, readings were down from the month before in the GVA (-1.0%), Fraser Valley (-1.1%), the Okanagan Valley (-1.3%), Calgary (-0.1%) and Hamilton (-0.7%), while holding steady on Vancouver Island outside Victoria.

The actual (not seasonally adjusted) Aggregate Composite MLS® Home Price Index (MLS® HPI) edged down by -0.6% y-o-y in May 2019. While small, it was nonetheless the largest decline in almost a decade. (Chart B)

All benchmark property categories tracked by the index posted y-o-y declines in May 2019. Townhouse/row and apartment unit prices were little changed from last May, edging back by just 0.2%. By comparison, two-storey single-family home prices were down 0.5% y-o-y and one-storey single-family home prices fell 1.7% y-o-y.

Trends continue to vary widely among the 18 housing markets tracked by the MLS® HPI. Results remain

mixed in British Columbia, with prices down on a y-o-y basis in the GVA (-8.9%), the Fraser Valley (-5.9%) and the Okanagan Valley (-0.7%). Meanwhile, prices edged up 1% in Victoria and climbed 4.7% elsewhere on Vancouver Island.

Among Greater Golden Horseshoe housing markets tracked by the index, MLS® HPI benchmark home prices were up from year-ago levels in Guelph (+5.7%), the Niagara Region (+5.4%), Hamilton-Burlington (+3.4%), Oakville-Milton (+3.4%) and the GTA (+3.1%). By contrast, home prices in Barrie and District held below year-ago levels (-6.1%).

Across the Prairies, supply remains historically elevated relative to sales and home prices remain below year-ago levels. Benchmark prices were down by 4.3% in Calgary, 3.6% in Edmonton, 3.9% in Regina and 1.3% in Saskatoon. The home pricing environment will likely remain weak in these cities until demand and supply return to better balance.

Home prices rose 8% y-o-y in Ottawa (led by a 12.2% increase in townhouse/row unit prices), 6.3% in Greater Montreal (led by a 7.6% increase in apartment unit prices), and 2% in Greater Moncton (led by a 15.9% increase in apartment unit prices). (Table 1)

The MLS® HPI provides the best way to gauge price trends, as 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 May 2019 was close to $508,000, up 1.8% from the same month in 2018.

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 $111,000 from the national average price, trimming it to just under $397,000.

– 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 130,000 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




Quarterly Forecasts

Quarterly Forecasts

CREA Updates Resale Housing Market Forecast

Ottawa, ON, June 14, 2019 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations in 2019 and 2020.

Many of the economic fundamentals that support housing activity remain strong outside of the Prairies as well as Newfoundland and Labrador. Following the release of CREA’s previous forecast in March, population and employment growth has remained strong and the unemployment rate has fallen further. Additionally, the Bank of Canada is widely expected to not raise interest rates over the rest of the year.

Budget 2019 also raised the maximum individual withdrawal limit under the Home Buyers’ Plan (HBP) from $25,000 to $35,000 and introduced the First Time Homebuyer Incentive, a shared equity program whereby the federal government finances a portion of a home purchase in exchange for an equity share in the home’s value. The increased HBP withdrawal limit took effect in late March, while the First Time Homebuyer Incentive is slated to launch in September.

These factors are expected to support to the beginnings of a recovery in home sales over the second half of 2019 after starting this year on a weak footing. Nonetheless, the overall level of sales is expected to remain well below where it was in recent years, as successive policy changes  – most notably the implementation of the B-20 stress test – continue to limit access to mortgage financing and dampen housing market sentiment. This is particularly the case in pricier areas where younger buyers have had little choice but to borrow more to get into the market.

National home sales are now projected to edge up 1.2% to 463,000 units in 2019. CREA’s previous forecast estimated a decline of 1.6% this year. This would still leave annual sales below the 10-year average and a far cry from the annual record set in 2016, when almost 540,000 homes traded hands. On a per capita basis, the forecast for 2019 would remain effectively tied with 2018 for the weakest year since 2001.

British Columbia is the only province expected to weigh materially on national figures in 2019, with a decline of 13.3% compared to 2018, marking a small upward revision from the previously forecast decline of 14.9%. Other revisions from the previous forecast for sales in 2019 were also upward, with Alberta moving from a 5.6% decline to a 0.9% decline, and Ontario’s gain upgraded from 0.9% previously to 3.9%.

Quebec and New Brunswick are still forecast to see the biggest sales gains in percentage terms in 2019 (+7.7% and +10.6%, respectively), with both provinces on track to set new annual records. Sales in Saskatchewan and Newfoundland and Labrador are forecast to improve by almost 5%, albeit from the lowest levels in more than a decade recorded last year. Meanwhile, activity in Manitoba and Nova Scotia is forecast to rise between 3.5% and 4.5% to near-record annual levels.

The national average price is still projected to stabilize (-0.6%) at around $485,000 in 2019 following the 4.1% drop recorded in 2018, which was the largest in almost 25 years. This reflects a stark and growing split between Eastern and Western regions. In line with the balance between supply and demand across the country, average prices are forecast to fall in 2019 in British Columbia, Alberta, Saskatchewan, and rise in Ontario, Quebec and the Maritimes. The average price is also expected to fall for the fifth consecutive year in Newfoundland and Labrador.

Sales are forecast to continue to improve in 2020. Absent the weak start experienced in 2019, national home sales are forecast to rise 4.4% to 483,200 units as interest rates remain near current levels and potential home buyers continue to adjust and adapt to the assortment of recent policy changes. Almost all provinces are forecast to see more sales in 2020 compared to 2019, with gains ranging from 1% to 6%.

That said, the big picture is that sales are expected to remain historically weak in British Columbia, Alberta, Saskatchewan and Newfoundland and Labrador, historically strong in Quebec, New Brunswick, Manitoba and Nova Scotia, and come in close to the 10-year average in Ontario.

The national average price is forecast to edge up by 0.9% to around $490,000 in 2020. Average price trends across Canada in 2020 are generally expected to be more moderate versions of those in 2019, with small declines in British Columbia, Alberta, Saskatchewan and Newfoundland and Labrador, and modest gains in all provinces from Manitoba through the Maritimes.

– 30 –

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 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 rise in April 2019

Canadian home sales rise in April 2019

Ottawa, ON, May 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales climbed in April 2019.

Highlights:

  • National home sales improved by 3.6% month-over-month (m-o-m) in April.
  • Actual (not seasonally adjusted) activity was up 4.2% year-over-year (y-o-y).
  • The number of newly listed homes climbed 2.7% m-o-m.
  • The MLS® Home Price Index (HPI) eased by 0.3% y-o-y in April.
  • The national average sale price edged up 0.3% y-o-y.

Home sales recorded via Canadian MLS® Systems rose by 3.6% m-o-m in April 2019. After having dropped in February to the lowest level since 2012, the rebound in sales over the past two months still leaves activity slightly below readings posted over most of the second half of 2018. (Chart A)

April sales were up in about 60% of all local markets, with the Greater Toronto Area (GTA) accounting for over half of the national gain.

Actual (not seasonally adjusted) sales activity was up 4.2% y-o-y in April (albeit from a seven-year low for the month in 2018), the first y-o-y gain since December 2017 and the largest in more than two years. The increase reflects gains in the GTA and Montreal that outweighed declines in the B.C. Lower Mainland.

“Housing market trends are improving in some places and not so much in others,” said Jason Stephen, CREA’s President. “All real estate is local. No matter where you are, a professional REALTOR® is your best source for information and guidance in negotiations to purchase or sell a home during these changing times,” said Stephen.

“Sales activity is stabilizing among Canada’s five most active urban housing markets,” said Gregory Klump, CREA’s Chief Economist. “That list no longer includes Greater Vancouver, which fell out of the top-five list for the first time since the recession and is well into buyers’ market territory. Sales there are still trending lower as buyers adjust to a cocktail of housing affordability challenges, reduced access to financing due to the mortgage stress-test and housing policy changes implemented by British Columbia’s provincial government,” said Klump.

The number of newly listed homes rose 2.7% in April, building on March’s 3.4% increase. New supply rose in about 60% of all local markets, led by the GTA and Ottawa.

With sales up by more than new listings in April, the national sales-to-new listings ratio tightened marginally to 54.8% from 54.3% in March. This measure of market balance has remained close to its long-term average of 53.5% since early 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 three-quarters of all local markets were in balanced market territory in April 2019.

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 5.3 months of inventory on a national basis at the end of April 2019, down from 5.6 and 5.5 months in February and March respectively and in line with the long-term average for this measure.

Housing market balance varies significantly by region. The number of months of inventory has swollen far beyond long-term averages in Prairie provinces and Newfoundland & Labrador, giving homebuyers there ample choice. By contrast, the measure remains well below long-term averages in Ontario and Maritime provinces, resulting in increased competition among buyers for listings and fertile ground for price gains.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) appears to be stabilizing, having edged lower by 0.3% y-o-y in April 2019. (Chart B)

Among benchmark property categories tracked by the index, apartment units were again the only one to post a y-o-y price gain in April 2019 (0.5%), while two-storey single-family home and townhouse/row unit prices were little changed from April 2018 (-0.3% and -0.2%, respectively). By comparison, one-storey single-family home prices were down by -1.4% y-o-y.

Trends continue to vary widely among the 18 housing markets tracked by the MLS® HPI. Results remain mixed in British Columbia, with prices down on a y-o-y basis in Greater Vancouver (GVA; -8.5%) and the Fraser Valley (-4.6%), up slightly in the Okanagan Valley (1%) and Victoria (0.7%), while climbing 6.2% elsewhere on Vancouver Island.

Among Greater Golden Horseshoe housing markets tracked by the index, MLS® HPI benchmark home prices were up from year-ago levels in the Niagara Region (6.2%), Guelph (5.1%), Hamilton-Burlington (4.6%) the GTA (3.2%) and Oakville-Milton (2.5%). By contrast, home prices in Barrie and District held below year-ago levels (-5.3%).

Across the Prairies, supply remains historically elevated relative to sales and home prices remain below year-ago levels. Benchmark prices were down by 4.6% in Calgary, 4% in Edmonton, 4.3% in Regina and 1.7% in Saskatoon. The home pricing environment will likely remain weak in these cities until demand and supply return to better balance.

Home prices rose 7.8% y-o-y in Ottawa (led by an 11% increase in townhouse/row unit prices), 6.3% in Greater Montreal (led by a 7.8% increase in apartment unit prices), and 1.8% in Greater Moncton (led by an 11.5% increase in apartment unit prices). (Table 1)

The MLS® HPI provides the best way to gauge price trends, as 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 April 2019 was close to $495,000, up 0.3% from the same month in 2018.

The national average price is heavily skewed by sales in the GVA and GTA, two of Canada’s most expensive housing markets. Excluding these two

markets from calculations cuts almost $104,000 from the national average price, trimming it to just over $391,000.

– 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 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