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About Amar – Calgary Realtor

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

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Courtesy Of
Kay J Sharma Of RE/MAX IREALTY INNOVATIONS

$3,950,000 - 13142 Sq.Ft

Beds
0
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0.00

ACTIVE

Hotel/Motel

MLS® #C4206115

Great opportunity to own Land, Building with Business.The 2-storey 33 unit motel flares a very modern style with spacious king, queen or 2-double bed Family rooms. Plus One Large Bedroom Manager/ Owner suite. It is conveniently located along the busy Trans Canada highway, which runs West to East coast Canada and is the gateway to the Rocky Mountains drawing visitors…
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Chantelle Storey Of REDLINE REAL ESTATE GROUP INC.

$155,000 - 2023 Sq.Ft

Beds
4
Baths
2.00

ACTIVE

Detached

MLS® #C4205510

Welcome home ! What a great opportunity to enjoy quiet living in the village of Milo, just a few minutes from Lake McGregor. This lovely bungalow is not only on a double lot for you to enjoy the outdoors with your new impressive yard space , it also offers just over 2000 sq feet of living space. Enjoy the large…
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Darcy Blair Of RE/MAX COMPASS

$251,900

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0
Baths
0.00

ACTIVE

Not specified

MLS® #C4191048

Fantastic, affordable opportunity for you to own a piece of commercially zoned land surrounded by other thriving businesses. Sandwiched in between HWY 2A and HWY 2 ~ you will have great highway exposure. Ready for immediate possession. Start building your commercial dream here!
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Fiona T Christiaansen Of RE/MAX REALTY PROFESSIONALS

$615,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4205919

Dreaming of custom designing & building your ultimate riverfront home but need the right parcel to build it on.... look no further. This 50x249 deep rectangular waterfront parcel is located steps away from John Hexall Park & Shouldice Bridge, close to all the fantastic restaurants of Bowness and Montgomery, quick commute to Alberta Childrens' & Foothills Hospital and offers abundant…
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Courtesy Of
Abe M Elhage Of CIR REALTY

$12 - 3480 Sq.Ft

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0
Baths
0.00

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Retail

MLS® #C4205521

AMAZING POTENTIAL WITH THIS 3480 SQFT FREESTANDING BUILDING WITH HIGH CEILINGS. IDEAL FOR A RESTAURANT OR PUB BUT COULD ALSO SERVE MANY OTHER BUSINESS IDEAS. BRAND NEW BUILDING INA VERY CENTRAL LOCATION. CALL TODAY FOR A VIEWING
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Jeff Gilchrist Of CENTURY 21 BAMBER REALTY LTD.

$8,000 - 146797 Sq.Ft

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0
Baths
0.00

ACTIVE

Not specified

MLS® #C4205349

Location, Location! FOR LEASE OR FOR SALE. Excellent Commercial/Industrial site. The land has 600 ft frontage on one of the busiest traffic corridors in the SE, 50 Ave. Excellent access to Barlow Trail, Deerfoot Trail, 36th and 52nd Streets as well as Peigan and Stoney Trails. The 3.37 acre, triangular lot is zoned I-C allowing for a huge array of…
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Courtesy Of
Trevor Ramage Of RE/MAX REAL ESTATE (CENTRAL)

$1,799,900 - 3313 Sq.Ft

Beds
5
Baths
3.10

ACTIVE

Detached

MLS® #C4203000

Lindner Haus & Lindner Interiors are proud to present another stunning custom home built with exceptionally high standards. Situated on a spectacular street that is an inner-city hidden gem on a quiet cul-de-sac surrounded by estate homes this home is also located a half block from a nature reserve & off leash park. The West Coast design allows natural light…
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Courtesy Of
Anthony Lewis Of PURPLEBRICKS

$228,000 - 1218 Sq.Ft

Beds
3
Baths
1.10

ACTIVE

Detached

MLS® #C4205013

DETACHED Bungalow Style House with full basement. Just 25 minutes from Stoney Tr. & 16 Ave. NE. On property parking. Fully fenced yard with separate dog run. Main Level has 3 bedroom, 1.5 bath, large master bedroom fits king-size bed and has 2-pce en-suite. Both other bedrooms fit a queen size bed. The Kitchen has lots of storage space and…
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Courtesy Of
Denton Wigemyr Of RE/MAX SOUTHERN REALTY

$2,700,000

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0
Baths
0.00

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Not specified

MLS® #C4204893

Rare opportunity to own a large tract of ranchland in the Priddis area. 786 acres +/-, consisting of 228 acres of Deeded land and 558 acres of government lease land. Nice mixture of open meadows and rolling to hilly treed pasture. Well watered with springs, ponds, and fish creek, flowing through. This is a very private, scenic parcel with several…
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Courtesy Of
Denton Wigemyr Of RE/MAX SOUTHERN REALTY

$495,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4204872

Real nice treed parcel with excellent building sites, ideal for a walkout. 6 GPM Water Well with good water. This parcel is on a dead end road, so there is limited traffic that goes by there. If you are looking for a private parcel to build your dream home on, look no further. Please note, this parcel is subject to…
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Courtesy Of
Rhonda Czerniak Of RE/MAX LANDAN REAL ESTATE

$20 - 2404 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Retail

MLS® #C4204774

Great Location in High Traffic area of Charming Black Diamond. Excellent Lease Opportunity! The Building has had some renovations over recent years. Located 4 doors west of the Black Diamond Hotel. There has been over $20K in upgrades completed in the last year. Centrally located on the Main Street makes for a tremendous Opportunity!
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Courtesy Of
Ravi Duhra Of MY MOVE REALTY

$365,655 - 1141 Sq.Ft

Beds
4
Baths
3.00

ACTIVE

Detached

MLS® #C4204731

For more info click Multimedia - Unique Split Level Home- 4 Bdrms, 3 Bthrms, Oversized Triple Detached Grg & Landscaping. Open Concept Home- 14Ft Ceilings. KITCHEN: *Decor Lighting *Dual Sink *Pantry *Dining Area. LIVING ROOM: *Corner Fireplace. UPPER- *Master Bdrm: Closet Organizers & Ensuite. LOWER- *Large Family Room *Jetted Tub - For more info click Multimedia
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Courtesy Of
Stacey Kelly Of CIR REALTY

$180,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C3603693

Welcome to "COUNTRY HAVEN ACRES". There are many building lots to choose from in this development giving you the opportunity to build your dream home! This lot is 5.51 acres located in the South East corner, all services are readily available to the lot and a drilled water well is included in the price. The acreage has plenty of room…
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Courtesy Of
Stacey Kelly Of CIR REALTY

$180,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C3603980

Welcome to "COUNTRY HAVEN ACRES". This lot is 5 acres with views to the west and just minutes to the river for fishing, boating and all your recreation needs. The acreage has plenty of room for a horse and comes completely fenced. It backs onto the public use lot giving you even more room. Water well has been drilled and…
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Courtesy Of
Stacey Kelly Of CIR REALTY

$150,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C3604653

Welcome to "COUNTRY HAVEN ACRES". This fantastic acreage provides tons of room to build your dream home. Just minutes to the river for fishing, boating and all your recreation needs. The acreage has plenty of room for a horse and comes completely fenced. Water well has been drilled and is included in the price. All utilities are available to the…


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Canadian home sales down in January

Canadian home sales down in January

Ottawa, ON, February 14, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020.

Highlights:

  • National home sales fell by 2.9% on a month-over-month (m-o-m) basis in January.
  • Actual (not seasonally adjusted) activity was up 11.5% year-over-year (y-o-y).
  • The number of newly listed properties was little changed (+0.2%) m-o-m.
  • The MLS® Home Price Index (HPI) advanced by 0.8% m-o-m and 4.7% y-o-y.
  • The actual (not seasonally adjusted) national average sale price climbed 11.2% y-o-y.

Home sales recorded over Canadian MLS® Systems declined by 2.9% in January 2020, although they remain among the stronger monthly readings of the last few years. (Chart A)

Transactions were down in a little over half of all local markets in January, with the national result most impacted by a slowdown of more than 18% in the Lower Mainland of British Columbia. While there were few notable gains in January, it should be noted that many of the weaker results have come alongside a shortage of new supply in markets where inventories are already very tight.

Actual (not seasonally adjusted) sales activity was still up 11.5% compared to January 2019, marking the best sales figures for the month in 12 years. Transactions surpassed year-ago levels in about two-thirds of all local markets, including most of the largest urban markets. As mentioned, some of the larger markets where sales were down, such as Ottawa and Windsor-Essex, are currently among some of the tightest supplied markets in Canada.

“Home price growth continues to pick up in housing markets where listings are in short supply, particularly in Southern, Central and Eastern Ontario,” said Jason Stephen, president of CREA. “Meanwhile, ample supply across the Prairies and in Newfoundland and Labrador is resulting in ongoing competition among sellers. All real estate is local, and nobody knows that better than a professional REALTOR®, your best source for information and guidance when negotiating the sale or purchase of a home,” said Stephen.

“Looking at local market trends across the country, one thing that stands out in markets with historically tight supply is a larger than normal drop in new listings at this time of the year,” said Shaun Cathcart, CREA’s Senior Economist. “The logic being that if you are a seller, you’re not just choosing when to list but effectively when to sell, so why not hold off until the spring when the weather is better, and more buyers are looking? Deferred listings mean deferred sales, which could explain some of January’s decline in activity. The question going forward is how many sellers are out there waiting to list their property, how much demand will respond, and how that will impact prices later this year.”

The number of newly listed homes was little changed in January, edging up a slight 0.2% on the heels of a series of declines which have left new listings at a near decade low. January’s small m-o-m change came as the result of declines in a number of larger markets, including Calgary, Edmonton and Montreal, which were offset by gains in the York and Durham Regions of the Greater Toronto Area (GTA) where new supply bounced back at the start of 2020 following a sharp slowdown towards the end of last year.

With sales down and new listings up slightly in January, the national sales-to-new listings ratio fell back to 65.1% compared to 67.2% posted in December 2019. Even so, the long-term average for this measure of housing market balance is 53.8%. It has been significantly above that long-term average for the last four months. Barring an unforeseen change in recent trends between the balance of supply and demand for homes, price gains appear poised to accelerate in 2020.

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, close to two-thirds of all local markets were in balanced market territory in January 2020. Apart from a few areas of Alberta and Saskatchewan, the remainder were all favouring sellers.

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

There were 4.2 months of inventory on a national basis at the end of January 2020 – the same as in November and December and the lowest level since the summer of 2007. This measure of market balance is now a full month below its long-term average of 5.2 months. While still just within balanced market territory, its current reading suggests that sales negotiations are becoming increasingly tilted in favour of sellers.

National measures of market balance continue to mask significant and increasing regional variations. The number of months of inventory has swollen far beyond long-term averages in the Prairie provinces

and Newfoundland & Labrador, giving homebuyers ample choice in these regions. By contrast, the measure is running well below long-term averages in Ontario, Quebec and the Maritime provinces, resulting in increased competition among buyers for listings and providing fertile ground for price gains. The measure is still in balanced market territory in British Columbia.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) rose 0.8% in January 2020 compared to December, marking its eighth consecutive monthly gain. It is now up 5.5% from last year’s lowest point in May and has set new records in each of the past six months. (Chart B)

The MLS® HPI in January was up from the previous month in 14 of the 18 markets tracked by the index. (Table 1)

Home price trends have generally been stabilizing in most Prairie markets in recent months following lengthy declines. Meanwhile, prices are clearly on the rise again in British Columbia and in Ontario’s Greater Golden Horseshoe (GGH). Further east, price growth in Ottawa, Montreal and Moncton continues as it has for some time now, with Montreal and particularly Ottawa having strengthened noticeably in recent months.

Comparing home prices to year-ago levels yields considerable variations across the country, although for the most part trends are still regionally split along east/west lines, with rising gains from Ontario east, and a mixed bag of smaller gains and declines in B.C. and the Prairies.

The actual (not seasonally adjusted) Aggregate Composite MLS® (HPI) rose 4.7% y-o-y in January, the biggest year-over-year gain since February 2018.

Home prices in Greater Vancouver (-1.2%) remain slightly below year-ago levels, but declines are still shrinking. Meanwhile, January saw prices back in positive y-o-y territory in the Fraser Valley (+0.3%). Elsewhere in British Columbia, home prices logged y-o-y increases in the Okanagan Valley (+3.5%), Victoria (+3.4%) and elsewhere on Vancouver Island (+4%).

Calgary, Edmonton and Saskatoon continued to post small y-o-y price declines, while the y-o-y gap has now widened to -6.9% in Regina.

In Ontario, home price growth has re-accelerated across most of the GGH, with a number of markets getting close to double digits. Meanwhile, price gains in recent years have continued uninterrupted in Ottawa (+13.7%), Montreal (+9.8%) and Moncton (+6.4%).

All benchmark home categories tracked by the index accelerated further into positive territory on a y-o-y basis, with similar sized gains among the different property types.

Apartment unit prices posted the biggest y-o-y increase (+5%) followed closely by two-storey single family homes (+4.8%), one-storey single-family homes (+4.4%) and townhouse/row units (+4.2%).

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

The actual (not seasonally adjusted) national average price for homes sold in January 2020 was around $504,350, up 11.2% from the same month the previous year. This was the largest increase since mid-2016.

The national average price is heavily influenced by sales in the GVA and GTA, two of Canada’s most active and expensive housing markets. Excluding these two markets from calculations cuts close to $110,000 from the national average price, trimming it to around $395,000.

– 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 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

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CREA’s Chief Economist, Gregory Klump, retires after 28 years

CREA’s Chief Economist, Gregory Klump, retires after 28 years

Ottawa, ON, February 11, 2020 –  Gregory Klump, CREA’s Chief Economist, has retired from The Canadian Real Estate Association after 28 years.

Greg Klump

Klump joined CREA in 1992, serving as staff economist for the Association. Promoted to Chief Economist in 2005, he grew CREA’s economic and data team into an authoritative source of Canadian real estate data and market analysis.

Klump was instrumental in the development of the MLS® Home Price Index (MLS HPI®). He was a member of CMHC’s National Housing Research Committee as well as a contributor to the Economic Research Committee of the Canadian Home Builders Association.

CREA wishes Gregory Klump all the best in his future endeavors.

– 30 –

About The Canadian Real Estate Association
The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry 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

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Canadian home sales inch lower in December

Canadian home sales inch lower in December

Ottawa, ON, January 15, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales eased between November and December 2019.

Highlights:

  • National home sales declined by 0.9% on a month-over-month (m-o-m) basis in December.
  • Actual (not seasonally adjusted) activity was up 22.7% year-over-year (y-o-y).
  • The number of newly listed properties dropped by a further 1.8% m-o-m.
  • The MLS® Home Price Index (HPI) advanced by 0.8% m-o-m and 3.4% y-o-y.
  • The actual (not seasonally adjusted) national average sale price climbed 9.6% y-o-y.

Home sales recorded over Canadian MLS® Systems edged down 0.9% in December 2019, ending a streak of monthly gains that began last March. Activity is currently about 18% above the six-year low reached in February 2019 but ends the year about 7% below the heights recorded in 2016 and 2017.

There was an almost even split between the number of local markets where activity rose and those where it declined, with higher sales in the Lower Mainland of British Columbia, Calgary and Montreal offsetting declines in the Greater Toronto Area (GTA) and Ottawa.

Actual (not seasonally adjusted) activity was up 22.7% compared to a quiet month of December in 2018. Transactions surpassed year-ago levels across most of Canada, including all of the largest urban markets.

“Home price growth is picking up in housing markets where listings are in short supply,” said Jason Stephen, president of CREA. “Meanwhile, the mortgage stress-test continues to sideline potential home buyers where supply is ample. All real estate is local, and nobody knows that better than a professional REALTOR®, your best source for information and guidance when negotiating the sale or purchase of a home,” said Stephen.

“The momentum for home price gains picked up as last year came to a close,” said Gregory Klump, CREA’s Chief Economist. “If the recent past is prelude, then price trends in British Columbia, the GTA, Ottawa and Montreal look set to lift the national result this year, despite the continuation of a weak pricing environment among housing markets across the Prairie region.”

The number of newly listed homes slid a further 1.8% in December, leaving new supply close to its lowest level in a decade. December’s decline was driven mainly by fewer new listings in the GTA and Ottawa–the same markets most responsible for the decline in sales. Listings available for purchase are now running at a 12-year low. The number of housing markets with a shortage of listings is on the rise; should current trends persist, fewer available listings will likely increasingly weigh on sales activity.

With new listings having declined by more than sales, the national sales-to-new listings ratio further tightened to 66.9% in December 2019 – the highest reading since the spring of 2004. The long-term average for this measure of housing market balance is 53.7%. Barring an unforeseen change in recent trends for the balance between the supply and demand for homes, price gains appear poised to accelerate in 2020.

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

Based on a comparison of the sales-to-new listings ratio with the long-term average, just over half of all local markets were in balanced market territory in December 2019. That list still includes Greater Vancouver (GVA) but no longer includes the GTA, where market balance favours sellers in purchase negotiations. By contrast, an oversupply of homes relative to demand across much of Alberta and Saskatchewan means sales negotiations remain tilted in favour of buyers. Meanwhile, an ongoing shortage of homes available for purchase across most of Ontario, Quebec and the Maritime provinces means sellers there hold the upper hand in sales negotiations.

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

There were 4.2 months of inventory on a national basis at the end of December 2019 – the lowest level recorded since the summer of 2007. This measure of market balance has been falling further below its long-term average of 5.3 months. While still within balanced market territory, its current reading suggests that sales negotiations are becoming increasingly tilted in favour of sellers.

National measures of market balance continue to mask significant and increasing regional variations. The number of months of inventory has swollen far beyond long-term averages in Prairie provinces and Newfoundland & Labrador, giving homebuyers ample choice in these regions. By contrast, the measure is running well below long-term averages in Ontario, Quebec and Maritime provinces, resulting in increased competition among buyers for listings and providing fertile ground for price gains. The measure is still within balanced market territory in British Columbia but is becoming increasingly tilted in favour of sellers.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) rose 0.8%, marking its seventh consecutive monthly gain. It is now up 4.7% from last year’s lowest point reached in May and has toppled all previous records in each of the past five months. (Chart B)

The MLS® HPI in December was up from the previous month in 14 of the 18 markets tracked by the index.

Home price trends have generally been stabilizing in the Prairies in recent months following lengthy declines but are clearly on the rise again in British Columbia and in Ontario’s the Greater Golden Horseshoe (GGH). Further east, price growth in Ottawa and Montreal has been ongoing for some time and strengthened toward the end of 2019.

Comparing home prices to year-ago levels yields considerable variations across the country, although for the most part has been regionally split along east/west lines, with declines in the Lower Mainland and major Prairie markets and gains in central and eastern Canada.

The actual (not seasonally adjusted) Aggregate Composite MLS® (HPI) rose 3.4% y-o-y in December 2019, the biggest year-over-year gain since March 2018.

Home prices in Greater Vancouver (-3.1%) and the Fraser Valley (-2%) remain below year-ago levels, but declines are shrinking. Elsewhere in British Columbia, home prices logged y-o-y increases in the Okanagan Valley (+4.2%), Victoria (+2.3%) and elsewhere on Vancouver Island (+4.2%).

Calgary, Edmonton and Saskatoon posted y-o-y price declines of around -1% to -2%, while the gap has widened to -4.6% in Regina.

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

All benchmark home categories tracked by the index accelerated further into positive territory on a y-o-y basis. One-storey single-family home prices posted the biggest increase (3.6%) followed closely by apartment units (3.4%) and two-storey single family homes (3.3%). Townhouse/row unit prices climbed a slightly more modest 2.7% compared to December 2018.

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

The actual (not seasonally adjusted) national average price for homes sold in December 2019 was around $517,000, up 9.6% from the same month the previous year.

The national average price is heavily skewed by sales in the GVA and GTA, two of Canada’s most active and expensive housing markets. Excluding these two markets from calculations cuts more than $117,000 from the national average price, trimming it to around $400,000 and reducing the y-o-y gain to 6.7%.

– 30 –

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

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

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

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

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

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

< Back to Newsroom