RE/MAX Real Estate Central


Call me today: (403) 207-3242

About 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

All Listings - Calgary Real Estate

Take a look through all of our Office Listings

Order:   Filter:
Active

Courtesy Of
Ingrid Couillard Of RE/MAX ALPINE REALTY

$1,142,500 - 2127 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4247788

Brand New 3 bedroom family home in beautiful River's Bend!The front entrance is bright and surrounded by windows & leads to the open concept vaulted and west facing living room with sweeping mountain views.The front deck off the living room allows for the opportunity to meet with neighbors in this friendly neighborhood. The kitchen features stainless steel appliances, quartz counters,…
Active

Courtesy Of
Edmond Lee Of SUNFLOWER REALTY & PROPERTY MANAGEMENT INC.

$1,020,000 - 5412 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Multi Unit

MLS® #C4243987

Great investment property.All 6 units has 2 bedroom with one and half bath . Close to major stores ,restaurants and transit . Shopping centre,medical office and restaurants along 17 Ave . Balcony for unit 201,202,301 and 302 Unit 201,202,301 and unit 302 each approx.917 sqft unit 101 and 102 each approx.880 sqft.
Active

Courtesy Of
Lori Clark Of THE REAL ESTATE COMPANY

$350,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4247905

LOCATION LOCATION …….. ! 6.03 ACRES MINUTES SOUTH OF CALGARY !! CLOSE TO 3 GOLF COURSES SEAMAN STADIUM AND SCHOOLS NO BUILDING RESTRICTIONS OR COMMITTMENTS.
Active

Courtesy Of
Ted Crawford Of ROYAL LEPAGE SOLUTIONS

$63,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4246267

A dream location to have a Walkout lot backing onto Speargrass Golf Course!! A piece of paradise just 15 Minutes south of Strathmore and a short drive from Calgary. Incredible value and an amazing lifestyle. This community is set along the Bow River where you will find nature at its finest! This and other lots for sale please contact listing…
Active

Courtesy Of
Elaine J Pippi Of DIAMOND REALTY & ASSOCIATES LTD.

$229,900 - 810 Sq.Ft

Beds
1
Baths
1.00

ACTIVE

Lowrise Apartment

MLS® #C4247868

Location, location, location!! This large one bedroom unit in 18+ complex is in excellent condition. Open concept from the kitchen to the dining and living room area. Kitchen features lots of cabinets and large working island with eating bar. New carpet in living room and bedroom. Large bedroom with walk-in closet. Den off bedroom and living room with french doors…
Active

Courtesy Of
Olivia Z Horvat Of REAL ESTATE PROFESSIONALS INC.

$353,888 - 1552 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Row House

MLS® #C4247772

NEVER OCCUPIED!!..Big Reduction.....Available Immediately! Brand New 1552 sq ft townhouse, is in the first row of the premium location in this complex. Double Attached Garage. This townhouse is perfect for active lifestyles with walking path, kiddie park only steps away & convenient shopping plaza across the blvd for groceries, banks, pubs & more... with your 3 bedrooms, 2.5 bath home…
Active

Courtesy Of
Gerry L McGuire Of RE/MAX HOUSE OF REAL ESTATE

$1,440,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4247559

318 acres+/_ of deeded grazing land located on the eastern slopes of foothills west of Nanton running along Beaver valley road One is NW1/4 ,RNG. 29, TWP. 14 , Section 35 and the other NE 1/4 ,RNG.29, TWP. 14 Sec 35
Active

Courtesy Of
Robert A Desjardins Of ROYAL LEPAGE AZTEC REAL ESTATE

$2,400,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4247667

9.92 acres (+/-) of prime development land next to a golf course in the heart of Strathmore!! This prime piece of real estate is currently zoned P1 but has the potential of being rezoned for a residential or a commercial development. Great exposure with access to Wheatland trail already in place.
Active

Courtesy Of
Barry J Reder Of MAXWELL CAPITAL REALTY

$249,900 - 1304 Sq.Ft

Beds
5
Baths
2.10

ACTIVE

Detached

MLS® #C4247606

Ready for your Family, and a Great Location. This fully finished home has 5 bedrooms 3 baths, Jaccussi tub and separate shower in main bath, 2 pc bath and full downstairs bathroom, main floor laundry, basement entrance, includes all appliances , has gas fireplace. Newer boiler and hot water tank, a Double Detached Garage, lots of R.V. parking on a…
Active

Courtesy Of
Ravi Duhra Of MY MOVE REALTY

$650,000 - 1464 Sq.Ft

Beds
3
Baths
1.00

ACTIVE

Detached

MLS® #C4247854

For more info click Multimedia - Standard/Wheatland County, AB - Did you want a SUBSTANTIAL ACREAGE -- FARMLAND? Well, look no further!! This Picturesque 132 ACRES could be the one with its BEAUTIFUL STREAM RUNNING THROUGH IT!! Comes with a Family Style Bungalow Home, Large Quonset Shop, Fenced and Cross-fenced Property. - For more info click Multimedia
Active

Courtesy Of
Harpal Mangat Of CENTURY 21 BRAVO REALTY

$255,000 - 1175 Sq.Ft

Beds
3
Baths
1.10

ACTIVE

Row House

MLS® #C4247849

New Price Priced to Sell!!! Welcome to Chestermere here is a Great three bedroom townhouse located on a corner in popular Stonemere Place. Close to schools and shopping,with a playground right out front . This property features a spacious main floor with lots of room for your furniture, There is a separate dining area and kitchen with a middle island…
Active

Courtesy Of
Allain Bonneville Of RE/MAX LANDAN REAL ESTATE

$379,900 - 1405 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Semi Detached

MLS® #C4247847

If you’re looking for a premium quality home in this price range, it’s hard to beat Cardel’s “Better Paired Home” series in Walden. No condo fees and generous lot sizes. 867 Walgrove Blvd offers a great location with a west backyard and double detached garage. This Indigo 1 model offers 3 bedrooms and a bright, spacious floor plan with an…
Active

Courtesy Of
Brad Lindeburgh Of CENTURY 21 WESTCOUNTRY REALTY LTD.

$95,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4247747

Lot 91 – All cozy and well equipped! 2010 Gulfstream 40FD Destination Trailer with addition, patio, shed, and covered deck. All move-in ready. Spacious trailer with central kitchen and comfy bedroom features high ceilings, even in the slide out! The addition includes an electrically ignited pellet stove for those cool evenings or a winter camp out. It also has a…
Active

Courtesy Of
Marc A Miiller Of RE/MAX REAL ESTATE (CENTRAL)

$699,000 - 1560 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Apartment High Rise

MLS® #C4245716

Open House Saturday Feb 22nd 10PM to 1PM Beautiful large 2 bedroom + den in the sought after Emerald Stone building. This corner unit has sweeping 180 degree mountain and city views from its two large balconies (22.5' and 14') and floor to ceiling windows! You'll enjoy all the luxury finishings and details this large living space has to offer:…
Active

Courtesy Of
Isabella Doyle Of RE/MAX FIRST

$139,900

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4247708

Lot 691 at Carefree Resort is in exceptional condition and ready for your family. Property includes a 2007 Breckenridge Deluxe 12'X42' - 4 Season Park model. 2 bedrooms, centre kitchen, all stainless steel appliances, custom sectional in living room. 13' x 32' covered treated deck with sun shades that can be closed to block the sun/wind or just for privacy.…


10313 others, view more

Advanced Real Estate Solutions

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

Changes to the mortgage stress test

Changes to the mortgage stress test

Ottawa, ON, February 18, 2020 – Earlier today, Minister of Finance Bill Morneau announced changes to the mortgage stress test.

The new benchmark rate used to determine the minimum qualifying rate for insured mortgages, coming into effect on April 6, 2020, will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance applications, plus 2 per cent.

Recently, the gap between the Bank of Canada’s five-year benchmark rate and borrowers’ actual contract rates has been widening, suggesting the benchmark rate has become less responsive to changes in the market.

In October 2016, Finance Canada introduced a stress test for insured mortgages. In 2017, the Office of the Superintendent of Financial Institutions (OSFI) issued an update to Guideline B-20, requiring uninsured mortgages to be stress-tested as of January 2018. CREA data indicates that per capita sales activity for residential units in 2018 reached its lowest point since 2001, with 2019’s final sales total tied for second-worst.

“REALTORS® have advocated for changes to the stress test on behalf of potential homeowners who have been sidelined, borrowers who have moved away from the regulated market to less-regulated options, and real estate markets across the country in need of relief,” said Jason Stephen, President of The Canadian Real Estate Association. “We are pleased the government has taken steps to address some of these issues in Canadian housing markets.”

In response to the impacts of the stress test, CREA has recommended:

  • reviewing the mortgage stress test to ensure the realities of local real estate markets are taken into consideration; and
  • allowing existing mortgage holders to be exempted from the stress test at the time of renewal.

CREA welcomes today’s announcement and acknowledges government’s efforts to help Canadians achieve their housing needs through policy reflective of market conditions.

CREA CEO Michael Bourque said “Today’s announcement introduces a more dynamic measure to act as a minimum qualifying rate. The Bank of Canada’s weekly median 5-year fixed insured mortgage rate plus 200 basis points will be more responsive.”

CREA will be providing input as OSFI considers the same benchmark rate for uninsured mortgages and will continue advocating for policy solutions that make it easier for Canadians to find a home that is right for them.

For more information, please contact:
Pierre Leduc, 
Media Relations
pleduc@crea.ca
The Canadian Real Estate Association
200 Catherine Street, 6th Floor    Ottawa, ON K2P 2K9
Tel: +1 (613) 237-7111

< Back to Newsroom

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

< Back to Newsroom

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

< Back to Newsroom