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About Amar – Calgary Realtor

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Courtesy Of
Tannis Andrejcin Of CENTURY 21 FOOTHILLS REAL ESTATE

$975,000 - 5000 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Industrial

MLS® #C4286961

GREAT VALUE for .94 acre lot with 5,000 sf industrial building (3,700 shop - 1,300 sf office/showroom space) Zoned I2 - General Industrial District allows for a wide range of light to medium industrial uses of manufacturing, processing, assembling or distributing in nature. Loads of potential!
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Courtesy Of
Jens Lehmann Of CIR REALTY

$429,900

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4286960

A rare 40 acre parcel & adjoining 80 acres is available to be bought as well. Original homestead land. Prime farmland. Pavement to your gate with mountain views. Conveniently located only 20 minutes to the Calgary Airport and Cross Iron Mills, 15 minutes to Strathmore and Chestermere. Situated by Lyalta and less than 1 mile to Lakes of Muirfield community…
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Courtesy Of
Mike Star Of CIR REALTY

$549,900 - 2284 Sq.Ft

Beds
3
Baths
2.00

ACTIVE

Apartment High Rise

MLS® #C4286964

Some of the best views available in the Estate, one of Calgary's premiere residences. Ideally located adjacent to The Ranchmen's Club boasting nearly 2300sqft with amazing city views and access to all the five star amenities The Estate has to offer. This unit is perfect for the discerning buyer moving from a larger residence looking to downsize without feeling constrained.…
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Tarjinder Dhillon Of CENTURY 21 BRAVO REALTY

$478,900 - 2078 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4286962

BEAUTIFUL AND WELL MAINTAINED 2 STOREY HOUSE IN DOUGLAS GLEN. ATTRACTIVE FLOOR PLAN WITH DEN AND FAMILY ROOM ON MAIN FLOOR, A LARGE KITCHEN WITH OVER SIZED ISLAND AND A GOOD SIZE DINING AREA WITH VAULTED CEILING. UPPER FLOOR HAS A HUGE BONUS ROOM WITH FIREPLACE, MASTER BEDROOM WITH JET TUB EN-SUITE AND WALK IN CLOSET, TWO OTHER GOOD SIZE…
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Courtesy Of
Drew Flemmer Of CENTURY 21 FOOTHILLS REAL ESTATE

$185,000 - 1010 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Lowrise Apartment

MLS® #C4286975

Beautiful and bright corner unit with 9' ceilings and tons of windows. This well priced apartment is just a short walk from all of Okotoks' downtown shopping and businesses. Freshly painted with 2 big bedrooms and 2 full bathrooms. A full size newer laundry set fits into the mechanical room, and there is a large storage locker on the main…
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Courtesy Of
Linda E Palfi Of CNC PROPERTIES

$329,900 - 989 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Apartment High Rise

MLS® #C4286974

Welcome to your move in ready home in the desirable Axxis Condo! This 7th floor Southwest facing corner unit with ceiling to floor windows is flooded with natural light. With almost 1000 sq. ft of living space, you will find 2 large bedrooms, double closets in the master along with a 4 piece ensuite. The kitchen offers an island and…
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Courtesy Of
Brian Chornawka Of ROYAL LEPAGE SOLUTIONS

$527,000 - 2110 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4286966

Welcome to 230 Legacy Heights ! This wonderful young, newly wed couple purchased their brand new beautiful estate home, from the builder and took their TIME to THINK THRU all the UPGRADES and ADDED them accordingly !! From the Executive kitchen with the convenient walk thru pantry, GRANITE counter tops,wide plank HARDWOOD flooring to the vaulted ceilings in the Master…
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Courtesy Of
Wayne Thomas Of PREMIERE REALTY DIRECT

$369,900 - 1311 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4286979

Better than new! Well kept 3 bedroom home with a number of quality upgrades plus city approved plans for legal laneway suite above garage. Upgrades include: Valor Linear natural gas fireplace with remote, American Range commercial grade natural gas stove, Fisher Paykel SS double-drawer dishwasher, SS chimney style hood fan, LG SS bottom-mount fridge, patio doors to rear deck Kohler…
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Courtesy Of
Sandra Lam Of THE REAL ESTATE COMPANY

$105,000 - 1010 Sq.Ft

Beds
3
Baths
1.00

ACTIVE

Detached

MLS® #C4286978

Small town living in the Village of Hussar! This bungalow is located close to school & situated on a FULLY FENCED, 100'x130' LOT. The home features 3 bedrooms and 1 full bath. Included is a 12'x22' single garage. The Village of Hussar is located on Highway #561, approximately 30 minutes East of Strathmore; 93 km (58 miles) East of Calgary…
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Courtesy Of
Anthony Lewis Of PURPLEBRICKS

$484,970 - 2283 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4286977

This Beautiful well maintained home close schools and shopping complex with Newly upgraded granite counter tops, pot lights and a low maintenance landscaping. When you enter you will see the open to-below concept with a spacious front entrance. Gorgeous upgraded kitchen and dining area leading to the deck, upstairs has a huge bonus room with a lot of natural light.
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Courtesy Of
Alexander Bradley Of ROYAL LEPAGE SOLUTIONS

$269,900 - 1065 Sq.Ft

Beds
2
Baths
2.10

ACTIVE

Row House

MLS® #C4286990

Looking for a nice place to call home!! This could be it. A well maintained condo town house in desirable Copperfield. This unit offers 5 levels of developed space and feels like a large home. A welcoming bright living room on main level with vaulted ceilings, fresh paint and new durable laminate flooring. Kitchen is a good size and has…
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Courtesy Of
Sheryl Lauinger Of RE/MAX FIRST

$399,500 - 1460 Sq.Ft

Beds
3
Baths
4.00

ACTIVE

Detached

MLS® #C4286981

Outstanding spacious fully developed bungalow in great location on mature street, across from wide open field with large private yard. Ideal family home features 1,460 sq. ft. on main plus fully developed basement, 3 bdrms, 4 bathrooms, within easy walking distance to schools, recreation areas, arena. Immaculate condition with many recent updates, including complete kitchen, dishwasher, microwave oven, some windows,…
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Courtesy Of
Shella Mai Benitez Of FIRST PLACE REALTY

$365,400 - 1306 Sq.Ft

Beds
2
Baths
1.10

ACTIVE

Row House

MLS® #C4286980

Welcome home to this bright and fantastic townhome in a highly desirable PATTERSON! This is a 2 storey END UNIT that shows pride of ownership and features TWO Large Bedrooms plus Den, TWO bathrooms , single but TANDEM Heated GARAGE that fits 2 vehicles and TWO full length Decks which brings in natural daylight from morning to late dawn. Many…
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Courtesy Of
Prem S Dave Of GREY POWER PD REALTY INC.

$199,900 - 1654 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Retail

MLS® #C4286985

Well known Franchised burger restaurant for sale in a desirable plaza in Southwest Calgary. This franchise known for fresh meat hamburgers and has a well established name. This location has been operating for over 3 years and continues to grow. Current sales are approximately 45000/mth. This is a great opportunity for owner operator with minimal hours put in. Please contact…
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Courtesy Of
Clinton Willies Of CENTURY 21 POWERREALTY.CA

$479,900 - 2215 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4286117

Move right in to this SPECTACULAR home in Bayside by Genesis Homes! Located steps to Sandpiper Park and access to the myriad paths along the waterways that make Bayside so unique. This loaded 3 bedroom home boasts an open main floor with 9' ceilings, granite kitchen with large central island and walk-thru pantry. Enter from your triple/tandem attached garage into…


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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

< Back to Newsroom