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
Pamela Shiao Hui Chai Of ROYAL LEPAGE BENCHMARK

$429,900 - 836 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Apartment High Rise

MLS® #C4254824

Welcome to this immaculate 2 bedroom & 2 bathroom home! Imagine easy going park side living in one of the fastest growing communities. With your own private courtyard garden, relaxing outdoor patio lounge, convenient dog wash station, guest suite, fitness centre & yoga studio. It’s a natural choice for those who want the good life – all within walking distance…
Active

Courtesy Of
Chucks Okafor Of SOTHEBY'S INTERNATIONAL REALTY CANADA

$590,000 - 2084 Sq.Ft

Beds
5
Baths
3.10

ACTIVE

Detached

MLS® #C4255491

This is the Perfect Home for You! An Immaculate home in The Panorama Hills features a grand entrance, sprawling formals and a cozy family room. An open concept, maple cabinets & stainless steel appliances give this home an updated look. A spacious master suite with a spa-like bath, upstairs hosts 3 nicely appointed bedrooms and a large bonus family room.…
Active

Courtesy Of
Brad Lindeburgh Of CENTURY 21 WESTCOUNTRY REALTY LTD.

$140,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4255402

Lot 192 – The immaculately maintained Riverside beauty backs onto a clear-running creek with no neighbours immediately behind, in the quietest part of the park. Super clean 2000 Breckenridge 10.5x36.5 park model with 2 bedrooms and great layout. Attached is a three-season addition featuring openable windows all around with cellular shades. A wood stove is ready to take the cool…
Active

Courtesy Of
Anthony Lewis Of PURPLEBRICKS

$184,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4255585

Build your dream home here at Royal Birch Hill NW in the beautiful community of Royal Oak! This ready to be developed, vacant single family lot awaits your dream home design Royal Birch Hill NW is just minutes away from Royal Oak centre, Birch Natural Lake and Mitra Natural Ravine Park. Great access to city transit, Country Hills Blvd, Stoney…
Active

Courtesy Of
Danny Hansen Of RE/MAX ROCKY VIEW REAL ESTATE

$649,900 - 2473 Sq.Ft

Beds
5
Baths
3.10

ACTIVE

Detached

MLS® #C4254995

WOW! FANTASTIC HOUSE in the sought after neighborhood of Coopers Crossing! This home is a fully developed 2 story, offering over 3,500 SQ FT of living space. The gourmet kitchen has a walk thru pantry, GRANITE island, STAINLESS appliances & flows into the open concept living room where a gas fireplace as focal point. Upstairs There is three HUGE bedrooms…
Active

Courtesy Of
Shawn Kennedy Of RE/MAX REALTY PROFESSIONALS

$554,900 - 1650 Sq.Ft

Beds
5
Baths
3.00

ACTIVE

Detached

MLS® #C4255560

Open House Sat Jun 29th 1-4pm*Beautifully Maintained, FULLY FINISHED WALKOUT BUNGALOW backing on to Hole 16 of the LAKESIDE GOLF COURSE on a Quiet & Mature Street. A Perfect Home for a Growing/Multi-Generational Family with 3200+ SqFt of Developed Space & Double Attached Garage. This 5 BEDROOM HOME fts 2 Bedrooms Up plus a desired Main Floor Office & Laundry.…
Active

Courtesy Of
Nora Larioza Of MAXWELL CANYON CREEK

$435,000 - 1945 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4255528

STUNNING PROPERTY in NEW BRIGHTON. This home features an OPEN CONCEPT with 11 FOOT CEILING on the main floor. COZY FLEX ROOM or DEN .SPACIOUS KITCHEN with CENTRAL LARGE ISLAND and WLAK-THROUGH PANTRY. HUGE LIVING ROOM with a COZY FIREPLACE. Upstairs you will find the LARGE BONUS ROOM. The master bedroom features a LARGE WALK-IN CLOSET and a 4PC ENSUITE…
Active

Courtesy Of
Adele Caton Of SUTTON GROUP CANWEST

$339,900 - 1076 Sq.Ft

Beds
4
Baths
3.00

ACTIVE

Detached

MLS® #C4255549

Welcome to this nicely updated 4 level split with an open main floor plan. The white kitchen has been upgraded with newer granite countertops, white tile backsplash, stainless steel sink and features newer stainless steel appliances. The laminate floors were replaced throughout the main and 3rd level as well. Vaulted ceilings on the main level create an airy feel. The…
Active

Courtesy Of
Josh Hamilton Of CENTURY 21 BAMBER REALTY LTD.

$219,900 - 578 Sq.Ft

Beds
1
Baths
1.00

ACTIVE

Lowrise Apartment

MLS® #C4255611

Amazing west facing, one bedroom plus den overlooking the courtyard in Gateway Garrison Green! This unit is spotless and has been meticulously cared for. Spacious open floor plan with 9 ft ceilings, dark espresso kitchen with granite counter tops and stainless appliances, updated paint, large sunny west facing patio looking into a gorgeous courtyard and a much more! Quiet concrete…
Active

Courtesy Of
William Daniel Kitchen Of ROYAL LEPAGE SOLUTIONS

$689,900 - 1269 Sq.Ft

Beds
3
Baths
1.10

ACTIVE

Detached

MLS® #C4255483

Looking for that first acreage?! This is the perfect home to get started on your country living with the family. Set on a quiet, quaint and private treed lot you'll enjoy the cozy feeling just opening the car door. Once inside you'll see the value the home brings being completely renovated only weeks ago! New flooring throughout, freshly painted, new…
Active

Courtesy Of
Shah Khan Of CIR REALTY

$349,000 - 1695 Sq.Ft

Beds
4
Baths
2.00

ACTIVE

Detached

MLS® #C4241091

WOW! THIS BEAUTIFUL 4-LEVEL SPLIT CORNER LOT HOUSE IS 1695 SQ FT. IN THIS BIG HOUSE ROOMS WONT BE AN ISSUE BECAUSE THERE ARE 2 BEDROOMS UPSTAIRS AND THERE ARE 2 DOWNSTAIRS. JUST BECAUSE THIS HOUSE HAS 4 ROOMS DOESN'T MEAN THAT THEY ARE ALL VERY CONGESTED BUT THIS HUGE HOUSE HAD 4 VERY SPACIOUS BEDROOMS. AND IF YOU ARE…
Active

Courtesy Of
James Noonan Of CIR REALTY

$244,900 - 847 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Lowrise Apartment

MLS® #C4255568

Welcome home to this stunning, 2 bed, 2 bath, condo with 845 sq ft! This newly painted, well appointed, condo has lots to offer. Enter to an open concept that gives an immediate feeling of spaciousness. The gorgeous kitchen offers quarts countertops with a beautifully tiled back splash and upgraded, stainless steel appliances, with lots of working space, and casual…
Active

Courtesy Of
Michelle L Eldjarnson Of RE/MAX FIRST

$489,900 - 2397 Sq.Ft

Beds
4
Baths
3.10

ACTIVE

Detached

MLS® #C4214431

This one checks all the boxes! Spacious 2 story located close to SCHOOLS, PARKS & PATHWAYS. 3300 square feet of developed space. Enjoy your morning coffee on the cozy FRONT PORCH. Front flex room would make a perfect den, playroom or dining room. The living room, kitchen & eating area are OPEN CONCEPT allows the whole family to be together.…
Active

Courtesy Of
Bob Sheddy Of CENTURY 21 POWERREALTY.CA

$149,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4255596

One of the few Vacant River Lots left in Drumheller! This great building site is located along Riverside Drive and looks over the majestic Red Deer River and out onto the wonderful vista of the Valley Walls. It is a corner lot, with Mature Trees, in the Sought after Riverview area. Neighbor from Lot 32 is slightly encroaching on this…
Active

Courtesy Of
Dhanwant S Chahal Of RE/MAX COMPLETE REALTY

$529,900 - 1516 Sq.Ft

Beds
4
Baths
3.00

ACTIVE

Detached

MLS® #C4255447

IF YOU ARE LOOKIG FOR THE LARGEST LOT THEN THIS IS THE ONE. MATURE TREES AND VERY PRIVATE BACKYARD. 3 BEDROOM ON MAIN FLOOR WITH LARGE LIVING ROOM AND BIG KITCHEN. WALKOUT BUNGALOW ON PARKLIKE PIE LOT WITH FRONT DOUBLE ATTACHED BIG GARAGE. GREAT CUL-DESAC LOCATION... EASY ACCESS TO RIVER & PARK...3 FULL BATHS INCL MSTR JETTED TUB & SEPARATE…


13795 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