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About Amar – Calgary Realtor

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Courtesy Of
Pipan Kumar Of CENTURY 21 BRAVO REALTY

$772,500 - 2500 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Industrial

MLS® #C4237331

2500 Square Feet Industrial Bays with 300 Square Feet fenced storage space. Adequate parking. Uses: Automotive, Restaurant, Dry Cleaning and Fabric Care Plant, Veterinary Clinic Possession: March 2020
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Tricia Rakos Of CENTURY 21 FOOTHILLS REAL ESTATE

$119,900 - 843 Sq.Ft

Beds
2
Baths
1.00

ACTIVE

Lowrise Apartment

MLS® #C4236705

Welcome to the Colonial House! Move in to this SECURE adult (35+) living condo today! Freshly painted CORNER UNIT with SOUTH exposure on the balcony. Hard surface flooring throughout the unit makes for quick cleaning! Open floor plan with kitchen overlooking the large living and dining. Two good sized bedrooms and a full bath. This unit includes in-suite laundry and…
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Courtesy Of
Sanh M Chung Of URBAN-REALTY.ca

$149,990 - 2400 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Industrial

MLS® #C4237209

Great automotive shop in NE area close to all highways and main streets! There are 2 hoists, air filtration system, auto sewer system, solid steel mezzanine, large air compressor, cabinet, tire rack and front office! Large and stable clientele. Auto service and modification and fabrication on all domestic and jdm cars!
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Courtesy Of
Kimberlie Helfrich Of SATHER REAL ESTATE PRO BROKERS LTD.

$415,000 - 1590 Sq.Ft

Beds
3
Baths
2.00

ACTIVE

Detached

MLS® #C4236951

Location Location Location ! This Large Bungalow with attached garage is a must see. Situated in a quiet mature Cul De Sac with Paved Back Alley. This 3 Bedroom home boasts Open Foyer, Front Room with sliding glass privacy doors, Beautiful Wood Burning Stove insert in Masonary Fireplace , Breakfast nook and Formal dining room. Main floor Laundry. Partially finished…
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Courtesy Of
Prem S Dave Of GREY POWER PD REALTY INC.

$199,900 - 2155 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Retail

MLS® #C4237191

Price Reduced! Excellent opportunity for owner operator to own a well-known Auto Repair Franchise. Turn key operation with good track records and good customer data base. Great Location! Excellent exposure with great reputation in the area. Situated in a shopping center on a very busy intersection, surrounded by residential communities and no other competing auto repair shop close by. This…
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Courtesy Of
Lyle Magnuson Of MAGNUSON REALTY LTD

$14,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4236924

Residential lot for sale located close to the school in the Village of Lomond. Lot measures 50 feet by 120 feet in size. Water and sewer services are available. It has been quite a while since there was a dwelling on the lot. The sewer line may, or may not, be in need of repair. This would need to be…
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Courtesy Of
Stacey Kelly Of CIR REALTY

$340,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4232973

Amazing opportunity to purchase 118 acres backing on to crown. Located down Coal Camp Road just 15 minutes from Sundre. This beautiful property is has fantastic views of the river valley. Great location to build or to use as a recreation property. Mixture of pasture and treed areas. Ideal for atving, skidooing, horseback riding or any outdoor activities with easy…
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Courtesy Of
John McLaughlin Of MAXWELL CAPITAL REALTY

$778,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4236710

Huge extra wide lakefront lot. 82ft wide by 285 ft deep. Located on desirable south portion on east side of Chestermere Lake, with rear yard facing west for lots of sunshine, and mountain views. This building envelope can accomodate just about any size home you could desire, and depending on the plan, probably accommodate a 4 car garage.
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Courtesy Of
Stephen McDonald Of CIR REALTY

$87,900

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4236359

Amazing property backing onto neighbourhood park and walking path. Once your custom dream home is built you can watch the children or grandchildren play in the nearby state of the art playground or just having fun in the greenspace. Located in the beautiful Grasslands of Beiseker. The village of Beiseker offers school (k-12), plenty of local shopping and restaurants, arena,…
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Courtesy Of
Matthew Reiser Of RE/MAX REALTY PROFESSIONALS

$1,599,500 - 2356 Sq.Ft

Beds
4
Baths
3.10

ACTIVE

Detached

MLS® #C4235962

Private gated Community with No Grass to Cut! No Snow to Shovel! A rare opportunity to live in an estate bungalow in community that includes snow removal and landscaping. A beautifully created showhome with second to none craftsmanship and finishings. This home has all the conveniences of an estate home with open floor plans, abundance of windows for natural light…
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Courtesy Of
Ravi Duhra Of MY MOVE REALTY

$785,000 - 3188 Sq.Ft

Beds
3
Baths
1.00

ACTIVE

Detached

MLS® #C4236919

For more info click Multimedia - This unique straw bale home was designed by renowned architect Jorge Ostrowski of ASH Inc of Calgary. The home has a million dollar view of the Rockies, south to the magnetic hills and north to High River. The lot is in between agriculture land parcels and is very private. - For more info click…
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Courtesy Of
Stephen McDonald Of CIR REALTY

$86,900

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4236434

Great opportunity to build your dream home for a reasonable price. This fully serviced lot in the beautiful Grasslands of Beiseker faces east for the morning sun and a future west facing backyard for sunsets. This property backs onto a future walking path. The village of Beiseker offers school (k-12), plenty of local shopping and restaurants, arena, community centre and…
Active

Courtesy Of
Stephen McDonald Of CIR REALTY

$70,900

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4236433

Located on a quiet crescent this west facing fully serviced lot is ideal for the custom-built home of your dreams. If you are ready to build many options are suitable for this property. Situated in the beautiful Grasslands of Beiseker. The village of Beiseker offers school (k-12), plenty of local shopping and restaurants, arena, community centre and other services. Beiseker…
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Courtesy Of
Harman Dhatt Of CENTURY 21 BRAVO REALTY

$109,999

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4236744

PRICED TO SELL---BUILDER ALERT/ WILL BUILD TO SUIT-----Ready to Build---Build your dream home in CARSTAIRS. Use your builder or we will build for you once contract is signed. A 50 feet wide flat vacant lot in carstairs. Drive by and take a look for yourself. Please call Lister for any information.
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Courtesy Of
Christian Twomey Of RE/MAX LANDAN REAL ESTATE

$424,900 - 1503 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4236078

Stepper Homes presents the "Pacific" ShowHome. This outstanding 1503 sq ft 3 Bedroom family home is exactly what you have been looking for; placed perfectly on Legacy Glen Row with a sunny backyard. Loaded with upgrades such as Gorgeous Maple cabinets, Quartz kitchen counters, & upgraded flooring. The main floor boasts a huge family room which is open to the…


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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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Canadian home sales inch lower in December

Canadian home sales inch lower in December

Ottawa, ON, January 15, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales eased between November and December 2019.

Highlights:

  • National home sales declined by 0.9% on a month-over-month (m-o-m) basis in December.
  • Actual (not seasonally adjusted) activity was up 22.7% year-over-year (y-o-y).
  • The number of newly listed properties dropped by a further 1.8% m-o-m.
  • The MLS® Home Price Index (HPI) advanced by 0.8% m-o-m and 3.4% y-o-y.
  • The actual (not seasonally adjusted) national average sale price climbed 9.6% y-o-y.

Home sales recorded over Canadian MLS® Systems edged down 0.9% in December 2019, ending a streak of monthly gains that began last March. Activity is currently about 18% above the six-year low reached in February 2019 but ends the year about 7% below the heights recorded in 2016 and 2017.

There was an almost even split between the number of local markets where activity rose and those where it declined, with higher sales in the Lower Mainland of British Columbia, Calgary and Montreal offsetting declines in the Greater Toronto Area (GTA) and Ottawa.

Actual (not seasonally adjusted) activity was up 22.7% compared to a quiet month of December in 2018. Transactions surpassed year-ago levels across most of Canada, including all of the largest urban markets.

“Home price growth is picking up in housing markets where listings are in short supply,” said Jason Stephen, president of CREA. “Meanwhile, the mortgage stress-test continues to sideline potential home buyers where supply is ample. 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.

“The momentum for home price gains picked up as last year came to a close,” said Gregory Klump, CREA’s Chief Economist. “If the recent past is prelude, then price trends in British Columbia, the GTA, Ottawa and Montreal look set to lift the national result this year, despite the continuation of a weak pricing environment among housing markets across the Prairie region.”

The number of newly listed homes slid a further 1.8% in December, leaving new supply close to its lowest level in a decade. December’s decline was driven mainly by fewer new listings in the GTA and Ottawa–the same markets most responsible for the decline in sales. Listings available for purchase are now running at a 12-year low. The number of housing markets with a shortage of listings is on the rise; should current trends persist, fewer available listings will likely increasingly weigh on sales activity.

With new listings having declined by more than sales, the national sales-to-new listings ratio further tightened to 66.9% in December 2019 – the highest reading since the spring of 2004. The long-term average for this measure of housing market balance is 53.7%. Barring an unforeseen change in recent trends for the balance between the 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, just over half of all local markets were in balanced market territory in December 2019. That list still includes Greater Vancouver (GVA) but no longer includes the GTA, where market balance favours sellers in purchase negotiations. By contrast, an oversupply of homes relative to demand across much of Alberta and Saskatchewan means sales negotiations remain tilted in favour of buyers. Meanwhile, an ongoing shortage of homes available for purchase across most of Ontario, Quebec and the Maritime provinces means sellers there hold the upper hand in sales negotiations.

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 December 2019 – the lowest level recorded since the summer of 2007. This measure of market balance has been falling further below its long-term average of 5.3 months. While still 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 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 Maritime provinces, resulting in increased competition among buyers for listings and providing fertile ground for price gains. The measure is still within balanced market territory in British Columbia but is becoming increasingly tilted in favour of sellers.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) rose 0.8%, marking its seventh consecutive monthly gain. It is now up 4.7% from last year’s lowest point reached in May and has toppled all previous records in each of the past five months. (Chart B)

The MLS® HPI in December was up from the previous month in 14 of the 18 markets tracked by the index.

Home price trends have generally been stabilizing in the Prairies in recent months following lengthy declines but are clearly on the rise again in British Columbia and in Ontario’s the Greater Golden Horseshoe (GGH). Further east, price growth in Ottawa and Montreal has been ongoing for some time and strengthened toward the end of 2019.

Comparing home prices to year-ago levels yields considerable variations across the country, although for the most part has been regionally split along east/west lines, with declines in the Lower Mainland and major Prairie markets and gains in central and eastern Canada.

The actual (not seasonally adjusted) Aggregate Composite MLS® (HPI) rose 3.4% y-o-y in December 2019, the biggest year-over-year gain since March 2018.

Home prices in Greater Vancouver (-3.1%) and the Fraser Valley (-2%) remain below year-ago levels, but declines are shrinking. Elsewhere in British Columbia, home prices logged y-o-y increases in the Okanagan Valley (+4.2%), Victoria (+2.3%) and elsewhere on Vancouver Island (+4.2%).

Calgary, Edmonton and Saskatoon posted y-o-y price declines of around -1% to -2%, while the gap has widened to -4.6% in Regina.

In Ontario, home price growth has re-accelerated well above consumer price inflation across most of the GGH. Meanwhile, price gains in recent years have continued uninterrupted in Ottawa, Montreal and Moncton.

All benchmark home categories tracked by the index accelerated further into positive territory on a y-o-y basis. One-storey single-family home prices posted the biggest increase (3.6%) followed closely by apartment units (3.4%) and two-storey single family homes (3.3%). Townhouse/row unit prices climbed a slightly more modest 2.7% compared to December 2018.

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 December 2019 was around $517,000, up 9.6% from the same month the previous year.

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 more than $117,000 from the national average price, trimming it to around $400,000 and reducing the y-o-y gain to 6.7%.

– 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

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