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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.

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All Listings - Calgary Real Estate

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Courtesy Of
Sasha Raimova Of CIR REALTY

$544,000 - 2366 Sq.Ft

Beds
5
Baths
3.10

ACTIVE

Detached

MLS® #C4247439

BEAUTIFUL 2 storey, 5 bedroom home with fully finished WALKOUT BASEMENT and double attached garage. Located in the LAKE COMMUNITY of Crystal Shores of Okotoks picture yourself living in over 3400 sq.ft. of developed living space. The main floor of this gorgeous home has an excellent floor plan with vaulted main entry, open concept kitchen, living room and breakfast nook,…
Active

Courtesy Of
Guy M Cooley Of RE/MAX FIRST

$614,900 - 2097 Sq.Ft

Beds
4
Baths
3.10

ACTIVE

Detached

MLS® #C4245244

Wonderful 4.0 +/- acre retreat, located East of Langdon! 4 Bedroom, 3.5 Bath 2-Storey home built in 1997 and lovingly maintained. You will love the beautifully treed driveway leading you into the property. Front porch is the perfect plan to enjoy a morning coffee while watching the sunrise to the East. Open the front door to brand new vinyl plank…
Active

Courtesy Of
Kamilla Musseau Of GREATER PROPERTY GROUP

$379,900 - 2163 Sq.Ft

Beds
3
Baths
3.00

ACTIVE

Detached

MLS® #C4246214

Location Location Location!Buyers Alert.Come on down and check out this Beauty, which could be all yours for an unbeatable price for all it has to offer. This 2 storey home with 3 bedrooms/3 full bathrooms, and a fully landscaped lush backyard with a large deck for all your entertaining, backs onto all green space looking onto baseball,soccer fields,schools,parks and much…
Active

Courtesy Of
William Herspiegel Of CIR REALTY

$545,000 - 2001 Sq.Ft

Beds
3
Baths
1.20

ACTIVE

Detached

MLS® #C4245307

LOCATION -LOCATION - LOCATION!!! This old home needs some attention and care... wow you' ll see this location is the best! Marda loop, 17th Ave SW, schools K - 12th grade close by, transit and excellent access to SAIT, MRU and University of Calgary. Close to downtown. Located between Elbow River dog Park and sandy beach (a few blocks south…
Active

Courtesy Of
Audra Reinhardt Of CIR REALTY

$265,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4245694

Excellent opportunity to live in the country.... RARE 10 ACRE PARCEL about 5 minutes NE of Strathmore. Acreage has so many possibilities and has the opportunity to have irrigation access from the bordering irrigation canal. Drive by....it is a lovely property.
Active

Courtesy Of
Edward Kwan Of CENTURY 21 BRAVO REALTY

$27 - 3800 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Retail

MLS® #C4247644

High visibility retail location, display windows facing 16 Ave, one of the busiest main roads in Calgary - part of Trans Canada Highway. 3,800 sf main floor retail/office space available, $27/sf gross rent, all inclusive. So the monthly rent is $8,550 for this 3,800 sf prime location renovated space. 4 dedicated parking at the back of building, and paid parking…
Active

Courtesy Of
Ruth Alexander Of COLDWELL BANKER MOUNTAIN CENTRAL

$334,950

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4245862

Rocky mountain view estates could not be placed in a better location. Seconds from Highway #2 to Calgary and just North Of Okotoks, with stunning mountain views, this property is perfect for your new home. This 40 acre development is very diversified. Lot 7 (block 1 Lot 2 on municipal plan) is a 2.43 Acre lot and the perfect size…
Active

Courtesy Of
Ruth Alexander Of COLDWELL BANKER MOUNTAIN CENTRAL

$314,895

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4247496

Seconds from Highway #2 to Calgary and just North Of Okotoks, this property is perfect for building your dream home. Lot 7 (block 2 Lot 2 on municipal map) is 3.48 Acres and located in a quiet cul-de-sac with only a few neighbors and no through roads. Note: LOT PRICE INCLUDES GST. This lots has an amazing wells, with 8+…
Active

Courtesy Of
Bernie Seifert Of CIR REALTY

$1 - 2500 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Industrial

MLS® #C4206792

2500 sq feet of main floor Commercial Bay Space for lease. Due to economic conditions, we are offering the mezzanine sq footage as a bonus and it is NOT included into the square footage. (1000-1500 bonus sq feet.). The doors are 14feet high, ceiling height is 32 feet. Only 2 bays left! 1 with demised mezzanine office space, the other…
Active

Courtesy Of
Ali K Abdalla Of CENTURY 21 BRAVO REALTY

$12 - 1320 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Industrial

MLS® #C4247368

Office/Industrial/Retail space for lease, convenient location in SOUTH AIRWAYS close to high traffic thoroughfare only minutes to downtown. Second floor office spaces available ranging from 962sq/ft with kitchenette to 1320sq/ft. Main floor industrial units available 2750sq/ft to 5400+sq/ft with loading doors. Updated common areas with plenty of parking.
Active

Courtesy Of
Andre Aubut Of CENTURY 21 POWERREALTY.CA

$0 - 2625 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Industrial

MLS® #C4247371

Great place to expand your existing business in Airdrie AB. This large office with some warehouse space is ideally situated in the business district of Kings heights. You will find this corner unit very bright on both levels with plenty of natural light from the large windows located on the West and East side. Fenced Compound close to the bay…
Active

Courtesy Of
Chase Olsen Of RE/MAX FIRST

$294,900 - 901 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Lowrise Apartment

MLS® #C4245959

Immaculate & meticulously cared for 2 bed/2bth CORNER UNIT located in the sought after 'Cranston Ridge' development - steps to Fish Creek Park, shopping, schools and South Health Campus. Expansive sun soaked windows & gleaming luxury vinyl plank flooring run throughout the open concept layout offering a well-designed kitchen that is sure to impress with white maple cabinets, quartz countertops,…
Active

Courtesy Of
Heather Whittaker Of RE/MAX WEST REAL ESTATE

$869,000 - 7410 Sq.Ft

Beds
8
Baths
6.00

ACTIVE

Detached

MLS® #C4245403

STUNNING 39.24 ACRES located minutes from Cochrane! Country living at its finest offering a peaceful & serene setting! This 7,000 sq. ft. home would be the perfect setting for a Yoga Retreat, B & B, or just a large family home! Beautiful views from every room! The home features a bright open floor plan with plenty of options, large family…
Active

Courtesy Of
Ravi Duhra Of MY MOVE REALTY

$874,900 - 1690 Sq.Ft

Beds
4
Baths
3.00

ACTIVE

Detached

MLS® #C4247427

For more info click Multimedia - PICTURESQUE COUNTRY RESIDENTIAL ACREAGE with a fully developed 4 Bed, 3 Bath BUNGALOW HOME. Open your doors and walk out onto your over-sized decks and patio areas to enjoy the beautiful PRIVATE OASIS. Complete with an attached garage and detached garage/shop, beautiful mature trees and so much more - For more info click Multimedia
Active

Courtesy Of
Elton Lui Of CENTURY 21 BRAVO REALTY

$5 - 3300 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Retail

MLS® #C4245966

**REDUCED - $6,500 per month GROSS Rent. Below grade 3,300 SF Restaurant/bar/night club/shisha for lease, LOWEST RESTAURANT LEASE RATE IN THE CITY** Located across from City Landmark Building - the Bow Tower. Convert to any type of restaurant (except Japanese). Previously night club/Asian Restaurant use. This is a fully functioning restaurant with large commercial kitchen & ideal layout. Located in…


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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

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Canadian home sales down in January

Canadian home sales down in January

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

Highlights:

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

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

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

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

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

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

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

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

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

Based on a comparison of the sales-to-new listings ratio with the long-term average, close to two-thirds of all local markets were in balanced market territory in January 2020. Apart from a few areas of Alberta and Saskatchewan, the remainder were all favouring sellers.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

– 30 –

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

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

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

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

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

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

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

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

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

Greg Klump

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

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

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

– 30 –

About The Canadian Real Estate Association
The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry associations. CREA works on behalf of more than 130,000 REALTORS® who contribute to the economic and social well-being of communities across Canada. Together they advocate for property owners, buyers and sellers.

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

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