RE/MAX Real Estate Central


Call me today: (403) 207-3242

Amar Calgary RealtorAbout Amar – Calgary Realtor

Fluent in: English, Tagalog, Punjabi, Hindi, Urdu

My commitment as your local REALTOR® is to provide you with the specialized real estate service you deserve. Whether buying or selling, I invite you to contact me with any questions that you may have. My promise to you is that your experience will be both stress-free and enjoyable.

Thank you for stopping by.

The Professional Experience You Deserve

Awards - Calgary Real Estate Agent

All Listings - Calgary Real Estate

Take a look through all of our Office Listings

Order:   Filter:
Active

Courtesy Of
Grant W Hunter Of SUTTON GROUP CANWEST

$329,900 - 1224 Sq.Ft

Beds
1
Baths
1.10

ACTIVE

Semi Detached

MLS® #C4222629

FULLY FINISHED - MOVE RIGHT IN! UNBEATABLE VALUE! Brand new attached Villa in popular High Park. The "Aspire" Bungalow offers 1,224 sq.ft. of excellent living space. The front flex room is perfect for a home office or guest room. Enjoy the open concept kitchen featuring granite countertops, center island with a breakfast bar, upgraded cabinets and fixtures. Spacious dining area,…
Active

Courtesy Of
Gurinder Brar Of RE/MAX HOUSE OF REAL ESTATE

$625,000 - 1788 Sq.Ft

Beds
4
Baths
3.10

ACTIVE

Semi Detached

MLS® #C4254006

Located in the inner city community of Tuxedo Park this beautifully designed 3+1 bedroom/3.5 bathroom and over 2500 sq ft of living space could be your next family home. Situated on a corner lot this property has an attractive curb appeal and offers easy access to downtown, amenities, entertainment & golf course. The beautifully designed main floor has a front…
Active

Courtesy Of
Karen Elliot Of CIR REALTY

$285,000 - 487 Sq.Ft

Beds
1
Baths
1.00

ACTIVE

Apartment High Rise

MLS® #C4254218

Luxury living at an affordable price! This is a superb location, surrounded by a plethora of amenities. This lovely 1 bedroom, 1 bathroom condo on the 23rd floor has breathtaking views through the floor to ceiling windows! Neutral colors throughout, with quartz counter tops, stainless steel appliances and hardwood flooring, this unit is upgraded and move-in ready. Laundry is in…
Active

Courtesy Of
Daniel Weiner Of RE/MAX REALTY PROFESSIONALS

$575,000 - 1486 Sq.Ft

Beds
3
Baths
3.10

ACTIVE

Row House

MLS® #C4254462

RedTree Custom Homes presents the Bordo Series, with 2 of 5 units already sold! Compare the superb value being one of the lowest price per square foot for all new inner-city 2 storey townhomes. Situated in the inner-city community of Renfrew, this urban home features 3 developed levels. A one of a kind complex offers the look and feel of…
Active

Courtesy Of
James B Murphy Of REAL ESTATE PROFESSIONALS INC.

$910,000 - 3100 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Multi Unit

MLS® #C4254325

Inner City 6 unit income property in the Heart of Bankview across of Buck Master Park. Each apartment has a front entrance and a back entrance. There is an assigned parking stall for each unit. The basement also has individual storage rooms for each apartment. The current rental income per suite is $875 per month. The tenants pay their own…
Active

Courtesy Of
Dave M Becker Of CIR REALTY

$192,900 - 1529 Sq.Ft

Beds
3
Baths
2.00

ACTIVE

Detached

MLS® #C4254388

Great starter home or revenue property close to the Olds College. On the main floor of this home you will find a open bright kitchen, dining room, living room, 2 bedrooms & a 4 piece bath. There is also a nice big rear entrance and the laundry. Upstairs there is a very large master bedroom and large 4 piece bath.…
Active

Courtesy Of
Jessica Chan Of RE/MAX REAL ESTATE (MOUNTAIN VIEW)

$679,900 - 3072 Sq.Ft

Beds
5
Baths
3.10

ACTIVE

Detached

MLS® #C4254387

Amazing 3072 Sq.Ft. Custom built 2 Storey Family Home Located in the Desirable community of Sherwood! This fully finished 3+2 Bedrm, 3.5 Bath home offers unparalleled quality & craftsmanship. Central A/C, 9ft Ceilings, Open Riser Staircase, Gleaming Marble Tile & Hardwood floor throughout the Main. Separate Thermostats for Upper & lower Level, Granite Counters in kitchen / Bathrms & all…
Active

Courtesy Of
Kent Bamber Of RE/MAX HOUSE OF REAL ESTATE

$369,900 - 1194 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4254383

Vacant, freshly painted, professionally cleaned and ready for immediate possession. Over 1,650 sq ft of developed living space ideally located in the heart of New Brighton on a quiet, non-through cul-de-sac; within walking distance of all amenities. Fantastic curb appeal leads to a main level offering a spacious great room, functional kitchen with stainless steel appliances/island/walk-in pantry, dining area and…
Active

Courtesy Of
Greg McAmmond Of DCCI REAL ESTATE SERVICES

$578,000 - 1803 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Detached

MLS® #C4254355

Good Investment opportunity with this side by side duplex. Rent out both sides or live in one and rent the other. Rental income is $2350 per month. Nice Glenbrook location on a quiet street. 901 sq.ft. per side. Each uni has 2 bedrooms and 1 bathroom with hardwood floors throughout. Full undeveloped basements with great potential. Fenced back yards with…
Active

Courtesy Of
Randy Hall Of ROYAL LEPAGE BENCHMARK

$649,000 - 2096 Sq.Ft

Beds
2
Baths
2.10

ACTIVE

Row House

MLS® #C4254293

Empty Nesters Alert! Spacious, very well cared for townhouse in Garrison Woods. Wonderful walking lifestyle with easy access to all of the Garrison Woods and Marda Loop amenities. Open Living/Dining area has a beautiful hardwood floor and gas fireplace. Terrific kitchen features a large, single level island - perfect for pre-dinner entertaining, upgraded appliances including a natural gas cooktop, granite…
Active

Courtesy Of
Rod R Neufeld Of FRONT PORCH REALTY

$234,900 - 1144 Sq.Ft

Beds
5
Baths
2.00

ACTIVE

Detached

MLS® #C4254273

It is not going to get much better then this for your family. With 3 bedrooms and one bathroom on the main floor, as well as 2 bedrooms (one is currently used as a studio) and one bathroom downstairs, there will be plenty of room for the family and friends. The galley style kitchen has a good amount of cabinets/…
Active

Courtesy Of
Melissa Juneau Of DRUMMER REALTY & PROPERTY MANAGEMENT

$494,900 - 2054 Sq.Ft

Beds
4
Baths
3.10

ACTIVE

Detached

MLS® #C4253663

Welcome to Mountainview! One of the most desirable neighbourhoods in beautiful Okotoks. As soon as you walk through the front door of this well-designed, fully-finished family home you are greeted by 9ft ceilings and open-concept living. Warm-toned hardwood and tile on main floor. Sleek, dark cabinetry with gorgeous white quartz counters. Upgraded appliances and lighting. Powder rm and good size…
Active

Courtesy Of
Scott R Bellamy Of ROYAL LEPAGE ALLSTAR REAL ESTATE

$229,500 - 839 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Lowrise Apartment

MLS® #C4254363

Welcome to Lighthouse Landing by Cardel! Offered is this 3rd Floor 839 sqft, 2 BEDROOM, 2 Bath suite w/ Titled Underground Heated Parking and assigned Storage cage. Inside this great apartment, you will notice the abundance of space. To the left is a corner Flex/Office area. A large Dining space is flanked by the bright and sleek Kitchen with Breakfast…
Active

Courtesy Of
Garth Anderson Of RE/MAX FIRST

$310,000 - 984 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Semi Detached

MLS® #C4254357

Horizon Village in Coach Hill - the ideal location for the 50+ lifestyle! Large east facing windows pour in huge amounts of natural light into the open concept living and dining area, and overlooks a spacious, manicured green space with mature trees you can admire from your deck or access via the patio from your expansive fully finished walkout basement…
Active

Courtesy Of
Matthew Greenham Of ROYAL LEPAGE INTEGRITY

$312,000 - 1267 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Semi Detached

MLS® #C4254518

***Open House Lunch and Games Saturday June 22nd 12-3pm*** Amazing 3 bedroom End Unit! with room to add a double garage in the back. Upgraded Samsung kitchen package that connects to your phone and allows you to get things going on your drive home from work for a quick dinner. Fully fenced yard, close to amenities including a new restaurant,…


13750 others, view more

Advanced Real Estate Solutions

My website comes packed to the brim with tons of amazing features.

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