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

« prev 1 2 3 ... 7 8 9 10 11 12 13 ... 709 710 711 next »
Order:   Filter:
Active

Courtesy Of
Elizabeth Buckley Of ROYAL LEPAGE SOLUTIONS

$1,478,000 - 2800 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4226860

This stunning 'GREEN BUILT" 2800 sq ft bungalow is nestled amongst the beautiful Aspens on a gorgeous 2 acre lot in the exclusive community of Springbank. Open plan features the main living space positioned specifically to capture the tranquil surroundings. Features include a wall of windows that opens to the exterior allowing for additional living space as well as another…
Active

Courtesy Of
Susan Zhang Hetu Of RE/MAX REALTY PROFESSIONALS

$599,000 - 1158 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Apartment High Rise

MLS® #C4226389

Open House Feb 23 12:00-3:00pm. Best corner unit in Castello, luxury high rise building right in downtown core, walking distance to offices and restaurants! This two bedrooms and two bathrooms condo has open concept 9 feet ceiling, massive floor to ceiling windows in living room area, wood flooring, modern cabinetry with all stainless steel appliances, built-in wine frige and a…
Active

Courtesy Of
Lori Green Of REALTY EXECUTIVES PARTNERS

$500,000 - 1704 Sq.Ft

Beds
2
Baths
2.10

ACTIVE

Row House

MLS® #C4226960

Fully Renovated and Conveniently located close to U of C, Foothills and Children's Hospitals, Market Mall, Transportation and so much more ! Spacious and Bright throughout, 2 Bedrooms and Bonus Room upstairs, with 2 Full Baths. Main floor with Sunny south facing Kitchen/ Eating area, Large Dining Room, and a Living Room made for Entertaining and 1/2 bath ! Recent…
Active

Courtesy Of
Ken Richter Of RE/MAX REAL ESTATE (CENTRAL)

$998,900 - 2733 Sq.Ft

Beds
5
Baths
3.10

ACTIVE

Detached

MLS® #C4226923

The 1950's architecture is alive & well in this wonderful re-creation of an extensively preserved Victorian styled two storey on the brow of the escarpment overlooking the entire south river valley! Extensive upgrades over the past 10 years, almost too many to list. This 5 bedroom character home offers appox. 4000sqft of total living space on a huge 50x120 south…
Active

Courtesy Of
Sharon McCoy Of THE REAL ESTATE COMPANY

$294,900 - 1520 Sq.Ft

Beds
3
Baths
2.00

ACTIVE

Detached

MLS® #C4225898

THIS ONE IS A BEAUTY! You've got the LOCATION & PRICE! PRIVACY GALORE. No neighbours behind & backs park. YOU OWN LAND Almost new 2012/ 20x76 (1520sf)SF modular will WOW you! Custom X-large deck-350sf w/BBQ gas line & still lots room for gardening & parking. Big open foyer-dble closet doors, vaulted ceiling in L/R, tons of windows=natural light, Wide plank…
Active

Courtesy Of
Matthew Reiser Of RE/MAX REALTY PROFESSIONALS

$539,000 - 1346 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Lowrise Apartment

MLS® #C4226401

Rarely does a top floor bungalow unit come on the market in Villa D’este that has 2 parking stalls! This west facing unit allows the sun to shine in & has stunning mountain & ravine views. The unit has central A/C & will accommodate most any size furniture, 9 ft ceilings throughout, engineered hardwood & carpet, & plenty of windows…
Active

Courtesy Of
Doug Zerr Of RE/MAX REAL ESTATE (CENTRAL)

$569,900 - 1150 Sq.Ft

Beds
4
Baths
2.00

ACTIVE

Detached

MLS® #C4223592

OPEN hOUSE SAT FEB 23, 2-4PM! Wonderful Hounsfield Heights location in a playground zone, backing on Lions Park and the pedestrian overpass to North Hill Mall! Only two blocks to S.A.I.T, 1/2 block to the mall, 1/2 block to the C Train station, and 3 doors down from Lions Park Playground! This raised bungalow has 2 + 2 bedrooms, sits…
Active

Courtesy Of
Tarryn Hamilton Of RE/MAX REALTY PROFESSIONALS

$419,900 - 1791 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4223384

Updated family home with views of the park! This 1790 sq ft home has been well maintained and offers bright and spacious rooms with updated flooring throughout. The big bay windows in the office and living room bring in plenty of light to main floor and views of the park across the street. The large kitchen has a central island…
Active

Courtesy Of
Clay Brunette Of RE/MAX HOUSE OF REAL ESTATE

$320,000 - 1091 Sq.Ft

Beds
3
Baths
1.10

ACTIVE

Detached

MLS® #C4226599

A little bit of sweat equity needed- Cheapest 2 car attached garage in Calgary, short walk to C-Train. The main floor has a formal living room, with a fireplace that flows into a quaint dining space and kitchen area with a raised eating bar and a 2 piece bath. Upstairs you will find 2 good sized bedrooms plus a large…
Active

Courtesy Of
Peter Relly Pasion Of CIR REALTY

$471,900 - 1808 Sq.Ft

Beds
3
Baths
3.10

ACTIVE

Detached

MLS® #C4225212

ABSOLUTELY STUNNING HOME with great curb appeal (2,624 SQ FT.) OF TOTAL LIVING SPACE!! This GORGEOUS AND FULLY DEVELOPED 2 STOREY ABODE is just few minutes walk to NOSE CREEK SCHOOL. The Main Floor of this great home boasts beautiful maple hardwood flooring throughout. FEATURES: Outstanding ISLAND KITCHEN with custom cabinetry SPACIOUS DINING AREA, generous LIVING ROOM with ELEGANT GAS…
Active

Courtesy Of
Joel Semmens Of RE/MAX REAL ESTATE (CENTRAL)

$169,900

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4217818

Thinking about living in the CANADIAN ROCKIES? This Exshaw corner piece of land sits nestled among some newer/renovated homes and allows for a single family dwelling (ZONED R-1). This affordable piece of land offers you 184sq ft south exposed frontage on a triangular shaped cul-de-sac lot. Situated south of the highway and within steps to the Bow River this land…
Active

Courtesy Of
Big John Peterson Of RE/MAX REALTY PROFESSIONALS

$204,900 - 605 Sq.Ft

Beds
1
Baths
1.00

ACTIVE

Lowrise Apartment

MLS® #C4226779

Great location just off of 17th Ave SW, easy access to all the shops and services in Aspen, and great access to transit for commuting to Downtown Calgary. This 1 bedroom, 1 bathroom unit offers underground parking and in suite laundry. All major appliances are included. The open concept through the kitchen, eating area, and living room give you ample…
Active

Courtesy Of
Adam Payter Of PURPLEBRICKS

$388,500 - 1234 Sq.Ft

Beds
4
Baths
3.00

ACTIVE

Detached

MLS® #C4226714

This brightly lit, pristinely kept bungalow (w/developed basement) boasts over 2200 sq. ft. of living space at only 2 yrs old! The exterior is fully landscaped with underground irrigation, concrete walkway/backyard patio, deck, fence & over 30 trees and shrubs! 4 bedrooms, 3 full bathrooms, open concept living/dining/kitchen area & MASSIVE downstairs family room & living room make it a…
Active

Courtesy Of
Brad Wennerstrom Of REAL ESTATE PROFESSIONALS INC.

$1,800,000 - 2593 Sq.Ft

Beds
4
Baths
4.10

ACTIVE

Detached

MLS® #C4226296

This Peterbuilt Custom Home has impeccable craftsmanship. Built in 2017 and warrantied located in secluded West Scarboro. Minutes from downtown and many amenities for the real inner city living. Over 3500 sq.ft of living space with 4 BDRMS, 41/2 baths. Meticulously designed featuring a designer kitchen high end Miele appliances. Custom Alder cabinets throughout the home, gleaming hardwood floors and…
Active

Courtesy Of
Keith Braun Of RE/MAX REAL ESTATE (MOUNTAIN VIEW)

$419,900 - 1458 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4226086

It’s our privilege to market this gorgeous 2 story home perfectly located in the very popular community of Sage Hill! This home boasts 110% pride of ownership inside & out c/w loads of upgrades. If you’re considering building, don’t bother…this home is better than new! Impeccably cared for & ready for you to enjoy now without the many hassles of…


10661 others, view more

Advanced Real Estate Solutions

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

Canadian home sales improve in January 2019

Canadian home sales improve in January 2019

Ottawa, ON, February 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales in January 2019 were up from the previous month but remained below levels recorded one year ago.

Highlights:

  • National home sales rose 3.6% between December 2018 and January 2019.
  • Actual (not seasonally adjusted) activity was down by 4% from one year ago.
  • The number of newly listed homes edged up 1% month-over-month in January.
  • The MLS® Home Price Index (HPI) rose 0.8% year-over-year (y-o-y) in January.
  • The national average sale price fell by 5.5% y-o-y in January.

Home sales via Canadian MLS® Systems climbed 3.6% in January 2019 compared to December 2018 (Chart A). The number of homes trading hands was up from the previous month in half of all local markets, led by Montreal, Ottawa and Winnipeg.

Actual (not seasonally adjusted) were down 4% from year-ago levels and turned in the weakest January since 2015. They also came in below the 10-year average for the month on a national basis and in Canada’s three westernmost provinces, Ontario and Newfoundland & Labrador.

“Homebuyers are still adapting to tightened mortgage regulations brought in last year, “said CREA President Barb Sukkau. “However, their impact on homebuyers varies by location, housing type and price segment. All real estate is local. A professional REALTOR® remains your best source for information and guidance in negotiating the purchase or sale of a home during these changing times,” added Sukkau.

“Sales, market balance and home price trends are out of synch among major Canadian cities that have the greatest impact on national results,” said Gregory Klump, CREA’s Chief Economist. “It’s clear that housing market conditions remain weaker in the Prairie region and the Lower Mainland of British Columbia. Notwithstanding the intended consequences, tighter mortgage regulations that took effect in 2018 combined with previous tightening will weigh on economic growth this year.”

The number of newly listed homes edged up 1% in January, led by a jump in new supply in Greater Vancouver and Hamilton-Burlington.

With sales up by more than new listings, the national sales-to-new listings ratio tightened to 56.7% compared to 55.3% posted in December. This measure of market balance has remained close to its long-term average of 53.5% for the last year.

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, more than half of all local markets were in balanced market territory in January 2019.

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

There were 5.3 months of inventory on a national basis at the end of January 2019, in line with its long-term average. That said, the well-balanced national reading masks significant regional differences. The number of months of inventory has swollen far above its long-term average in Prairie provinces and Newfoundland & Labrador; as a result, homebuyers there have an ample choice of listings available for purchase. By contrast, the measure remains well below its long-term average in Ontario and Prince Edward Island, consistent with seller’s market conditions. In other provinces, sales and inventory are more balanced.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) was up 0.8% y-o-y in January 2019 – the smallest increase since June 2018 (Chart B).

Apartment units recorded the largest y-o-y price increase in January (+3.3%), followed by townhouse/row units (+1.5%). By comparison, two-storey single-family home prices were little changed (+0.1%) while one-storey single-family home prices edged down (-1.1%).

Trends continue to vary widely among the 17 housing markets tracked by the MLS® HPI. Results were mixed in British Columbia. Prices were down on a y-o-y basis in Greater Vancouver (-4.5%) and the Fraser Valley (-0.8%). By contrast, prices posted a y-o-y increase of 4.2% in Victoria and were up 9.3% 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 (+7.2%), the Niagara Region (+7%), Hamilton-Burlington (+5%), Oakville-Milton (+3.9%) and the GTA (+2.7%). By contrast, home prices in Barrie and District remain below year-ago levels (-2.7%).

Across the Prairies, supply is historically elevated relative to sales, causing benchmark home prices to remain down from year-ago levels in Calgary (-3.9%), Edmonton (-2.9%), Regina (-3.8%) and Saskatoon (-2%). The home pricing environment will likely remain weak in these cities until elevated supply is reduced.

Home prices rose 7.1% y-o-y in Ottawa (led by a 9.5% increase in townhouse/row unit prices), 6.3% in Greater Montreal (led by a 9.2% increase in townhouse/row unit prices) and 1% in Greater Moncton (led by a 15.1% increase in townhouse/row 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 January 2019 was

just under $455,000, down 5.5% from the same month in 2018 and marking the biggest year-over-year decline since May 2018.

The national average price is heavily skewed by sales in Greater Vancouver and the GTA, two of Canada’s most active and expensive markets. Excluding these two markets from calculations cuts almost $95,000 from the national average price, trimming it to just over $360,000.

– 30 –

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

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

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

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 125,000 REALTORS® working through some 90 real estate Boards and Associations.

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

For more information, please contact:

Pierre Leduc, Media Relations
The Canadian Real Estate Association
Tel.: 613-237-7111 or 613-884-1460
E-mail: pleduc@crea.ca




Canadian home sales fall further in December

Canadian home sales fall further in December

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

Highlights:

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

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

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

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

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

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

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

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

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

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

Based on a comparison of the sales-to-new listings ratio with the long-term average, about two-thirds of all local markets were in balanced market territory in December 2018.

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

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

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

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

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

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

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

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

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

The actual (not seasonally adjusted) national average price for homes sold in December 2018 was just over $472,000, down 4.9% from the same month in 2017. The y-o-y decline reflects how the jump in sales in December 2017 in advance of the stress test was more pronounced in more expensive markets.

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

– 30 –

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

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

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

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 125,000 REALTORS® working through some 90 real estate Boards and Associations.

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

For more information, please contact:

Pierre Leduc, Media Relations
The Canadian Real Estate Association
Tel.: 613-237-7111 or 613-884-1460
E-mail: pleduc@crea.ca




Canadian home sales activity softens further in November

Canadian home sales activity softens further in November

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

Highlights:

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

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

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

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

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

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

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

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

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

Based on a comparison of the sales-to-new listings ratio with the long-term average, about 60% of all local markets were in balanced market territory in November 2018.

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

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

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

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

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

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

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

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

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

The actual (not seasonally adjusted) national average price for homes sold in November 2018 was just over $488,000, down 2.9% from the same month last year.

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

– 30 –

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

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

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

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 125,000 REALTORS® working through some 90 real estate Boards and Associations.

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

For more information, please contact:

Pierre Leduc, Media Relations
The Canadian Real Estate Association
Tel.: 613-237-7111 or 613-884-1460
E-mail: pleduc@crea.ca