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Courtesy Of
Scott Edward Bissell Of GRAND REALTY

$219,900 - 1059 Sq.Ft

Beds
3
Baths
1.10

ACTIVE

Row House

MLS® #C4255344

Location, Location... & Value. The ideal trifecta of opportunity awaits. Welcome to 20 Range Road NW in the heart of Laurie Heights, a well run complex situated ideally and conveniently in Calgary's Ranchlands community. The main floor offers all the comforts and necessities of home including a half bath, a full kitchen, a dining nook and an oversized living room.…
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Sukhwinder S Sandhu Of FIVE STAR REALTY

$475,000 - 2126 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4255354

Two Storey House 3Bedrooms, Located on a Quiet Street in the Desired NW Community . Near to banks , Restaurants, transit and other facilities . property is "As is where is" for sale.
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Andrea Jean Rasulan McKen Of CIR REALTY

$379,500 - 1354 Sq.Ft

Beds
4
Baths
3.00

ACTIVE

Semi Detached

MLS® #C4255115

Great opportunity to own this almost-new, immaculate, 4 bdrm, 3 bath Genesis-built Canals Landing home w/ front attached garage, ensuite, developed basement, w/ features and finishes you'd find in a 2019 spec, at a very affordable price! Main level boasts open concept living room-kitchen-dining room, complete w/ stainless steel appliances (fridge with water dispenser!), granite counters and under-mount sink in…
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Hong Wang Of GREATER CALGARY REAL ESTATE

$410,000 - 1640 Sq.Ft

Beds
4
Baths
2.00

ACTIVE

Detached

MLS® #C4254254

Priced to Sell! Lowest price in front attached garage homes in desirable Arbour Lake! 4 bedrooms above grade! The main level has a very open design and vaulted ceiling, kitchen with island offers lots of working space and cupboard rooms; the dinning area is spacious, the living room is huge and bright. Upper level has three spacious bedrooms and a…
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Jeffrey Farley Of GRAND REALTY

$442,000 - 1536 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4253345

ATTENTION LANDSCAPERS AND GARDENERS!! This great family house is situated on an ENORMOUS PRIVATE reverse pie lot. Huge potential to create your own urban oasis. Nice west view from the gigantic rear deck. Wonderful open floor plan with all three levels finished. Tiled entrance flows directly into the main living, dining, and eating area. Gleaming granite counter tops with bright…
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Colleen Herauf Of REAL ESTATE PROFESSIONALS INC.

$599,999 - 1161 Sq.Ft

Beds
6
Baths
2.00

ACTIVE

Detached

MLS® #C4255222

GREAT REDEVELOPMENT or INVESTMENT OPPORTUNITY! Fabulous RC-2, 50 FT. x 120 Ft. corner lot is in a prime Mount Pleasant location on a quiet desirable street. One block to the sports complex, a short walk to confederation park and surrounded by newer luxury like infill/duplex builds. This raised bungalow offers 3 bedrooms up and a 2 bedroom basement suite(illegal) with…
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Dorje Lama Of REAL ESTATE PROFESSIONALS INC.

$439,000 - 1254 Sq.Ft

Beds
3
Baths
3.00

ACTIVE

Detached

MLS® #C4255254

location location. Here is a very well kept and maintained 4 LEVEL SPLIT in Lake Chaparral with all the lake privileges - beach, boating, swimming, fishing, tennis etc. New roof, hardwood and all new carpets. Just a short walk to St. Sebastian School, the community center, tot lot and the lake. Close to all amenities with easy access to &…
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Beatrix Smolejova Of PREMIERE REALTY DIRECT

$689,000 - 1148 Sq.Ft

Beds
4
Baths
2.10

ACTIVE

Detached

MLS® #C4254368

LEGAL suite!!! Get your tenant to pay your mortgage! YES! I’m talking about the new house with LEGAL SUITE and separate entrance in the great ACADIA community! Can also be Mother in law Suite /Live in nanny or whatever you like. On top of that the entire house is updated, freshly painted and move in ready. 3 Bedrooms on upper…
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Vadim Yalovitser Of CENTURY 21 BAMBER REALTY LTD.

$999,000 - 2831 Sq.Ft

Beds
4
Baths
3.10

ACTIVE

Detached

MLS® #C4249040

RARE ESTATE HOME IN EVERCREEK BLUFFS BACKING DIRECTLY ONTO FISH CREEK PROVINCIAL PARK WITH MILLION DOLLAR VIEWS!! This executive WALK-OUT home offers nearly 4,000 sqft of professional development. Pride of ownership is evident with numerous enhanced features including: Exotic Brazilian Hardwood, gourmet kitchen offering granite, slate tile, stainless steel appliances, spacious 9ft ceilings & walk-through pantry. Vaulted ceilings, 2 AIR…
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Gurpreet Ghuttora Of RE/MAX REAL ESTATE (CENTRAL)

$319,900 - 944 Sq.Ft

Beds
5
Baths
2.00

ACTIVE

Semi Detached

MLS® #C4255333

Welcome to this COMPLETELY RENOVATED 944 sq.ft. Duplex (3+2 Bedrms, 2 Baths) located next to a school and park, offering Recent Upgrades such as BRAND NEW Windows, Laminated Floors, Bathrooms (includes Toilets & Tubs), New Balcony & Fresh Paints throughout. Newer Upon Entering there’s a NEW Kitchen featuring Granite Counters, Extended Cabinets, Huge Island & Backsplash Tile, Living Room, &…
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Robert F Lebosquain Of CIR REALTY

$549,000 - 3500 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Retail

MLS® #C4255411

2 daycares licensed for 75 children. Starting age from 9 months up to 6 years old. It produces a yearly gross income of $450 000 - Low rent ($7000 Mo for the two which includes op. costs, utilities are extra), highly trained staff. All additional information will be provided upon receiving a $300 000 proof of funds from applicant.
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Courtesy Of
Scott R Bellamy Of ROYAL LEPAGE ALLSTAR REAL ESTATE

$1,195,000 - 2524 Sq.Ft

Beds
3
Baths
3.10

ACTIVE

Detached

MLS® #C4255351

Welcome to this Private, Custom Built Fully Finished Bungalow w/Loft hosting almost 4000 sqft on pavement south of Water Valley. You will see the difference the moment you drive up. Large double detached SHOP/GARAGE /WORKSHOP perfect for Tradesman or Contractor. Fully finished inside with overhead heater offers lots of options & great for working space in the winter. A large…
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Courtesy Of
Douglas J Hayden Of EXP REALTY

$419,000 - 1331 Sq.Ft

Beds
4
Baths
3.10

ACTIVE

Semi Detached

MLS® #C4255375

Stunning 4 bed, 3 and half bath, fully developed attached home loaded from top to bottom, including central air, 2 fireplaces, upgraded appliances, and a whole lot more . From the moment you arrive you'll be enchanted by the large private front veranda & upon entering the home even more so. The main floor is bright and open with large…
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Courtesy Of
Heather Whittaker Of RE/MAX WEST REAL ESTATE

$289,000 - 696 Sq.Ft

Beds
1
Baths
1.10

ACTIVE

Lowrise Apartment

MLS® #C4255373

LOFT STYLE condo located in the desirable community of GARRISON WOODS! The bright and freshly painted main level has plenty to offer with a 2 piece bath, IN FLOOR HEAT, Polished Concrete floors, Kitchen/ Dining room area with warm maple cabinets, granite counter tops, stainless steel appliances, a living room with soaring ceilings and patio doors to a spacious balcony…
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Courtesy Of
Sid Merhi Of CIR REALTY

$1,479,000 - 2676 Sq.Ft

Beds
5
Baths
3.10

ACTIVE

Detached

MLS® #C4255237

OPEN HOUSE June 31-July1 2pm-4pm...Talk about Unique and Luxurious quality with sweeping Down Town VIEWS!!!This architectural masterpiece has been well planned and very well executed with nothing but the finest finishes including a Tastefully modern on site built Kitchen with a Top of the line Stainless steel appliances including a 6 burner dual gas range and a Massive Island open…


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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