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Amar Calgary RealtorAbout Amar – Calgary Realtor

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Courtesy Of
Shawn Riley Of RE/MAX HOUSE OF REAL ESTATE

$749,900 - 2348 Sq.Ft

Beds
4
Baths
3.10

ACTIVE

Detached

MLS® #C4196401

WOW! This home is amazing! Loaded with over $127,000 in top quality builder upgrades PLUS an additional $60K in decking & landscaping! Prime location backing onto a pond! This open floor plan Cardel "Bayview 2" shows like a brand new home! Gleaming hardwood floors through the main floor, many upgrades done to the kitchen with loads high end cabinets, upgraded…
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Courtesy Of
Gordon Hoglund Of RE/MAX FIRST

$575,000 - 832 Sq.Ft

Beds
3
Baths
2.00

ACTIVE

Detached

MLS® #C4196411

Open House 1-4pm Sunday July 22. Charming bungalow, quiet street, backyard heavy pie lot so close to downtown that you can see it can it. Already sounds interesting, but it gets better. This property is a perfect balance of yesterday, today and tomorrow in both design & livability. Enjoy the ornate headers, window seats, arches and casing of yesterday; within…
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Courtesy Of
Gerry J MacDonald Of CMS REAL ESTATE LTD.

$514,900 - 1727 Sq.Ft

Beds
3
Baths
3.10

ACTIVE

Detached

MLS® #C4196403

Located in the family friendly lake community of Auburn Bay with year round activities, this Baywest two storey is conveniently located within walking distance to the community centre and lake as well as South Health Campus hospital and Seton district. The home has been extremely well maintained by the original owner and is situated on a corner lot of a…
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Courtesy Of
Mandeep Duggal Of ESTATEVIEW

$469,900 - 1738 Sq.Ft

Beds
5
Baths
3.10

ACTIVE

Detached

MLS® #C4196606

OPEN HOUSE 21 JULY SATURDAY 1:PM-4PM..Fully renovated 2 storey,3 bedroom house on an oversized corner lot,24x24 heated double detached garage, equipped with 8"door, 220W electrical. Main level consists of a fully renovated kitchen including an oversize island with granite counter tops, stainless steel appliances,maple cabinets & stone backsplash.Main level has renovated half bath, dining room, living room,family room which has…
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Courtesy Of
Dalwinder Gill Of RE/MAX HOUSE OF REAL ESTATE

$639,900 - 2448 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4196429

Beautiful and bright 2448 SQFT 2-storey home with WALK-OUT basement on quiet street. This home offers an inviting floor plan with many upgrades including hardwood flooring & tile flooring, high ceiling, stainless steel appliances, maple railing and much more. The main floor features huge family room with gas fireplace and open to above high ceiling, den at front, large kitchen…
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Courtesy Of
Deborah E Perrault Of RE/MAX REAL ESTATE (MOUNTAIN VIEW)

$574,900 - 1351 Sq.Ft

Beds
2
Baths
2.10

ACTIVE

Semi Detached

MLS® #C4196427

Executive living at it's best! Meticulously maintained walkout villa w/over 2600 sq.ft of space is sure to impress. Open concept layout w/red oak hardwood, 9ft ceilings & upgrades galore. Well equipped kitchen allows for easy entertaining w/espresso cabinets w/pot drawers, granite, upgraded s/s app. large pantry & huge island w/room for stools. LR is framed w/beautiful mountain views to the…
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Courtesy Of
Adam Payter Of COMFREE COMMONSENSE NETWORK

$429,995 - 1136 Sq.Ft

Beds
2
Baths
2.10

ACTIVE

Detached

MLS® #C4196629

Huge corner lot located in Airdrie, This well kept bright and spacious bungalow features 1136 sq. ft. fully finished basement. Also lg. double garage unattached from home. This amazing home sits upon a 921 sq. m. lot. Close to parks and schools. The landscape is stunning with a pond and heated sidewalk. Newly renovated kitchen with granite countertops also garburator,…
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Courtesy Of
Jonathan Peters Of ORANGE JIGSAW REAL ESTATE

$509,000 - 1992 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4196432

A gardener's dream! Welcome to this spacious 2 storey home in Langdon. With massive curb appeal this well manicured property has lots to offer. As you greet your guests from your front porch, welcome them into your home where your office is situated at the main entrance. Then walk into a large open living room, dining area and kitchen (with…
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Courtesy Of
Yoki Nichol Of ROYAL LEPAGE SOLUTIONS

$768,800 - 1244 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Lowrise Apartment

MLS® #C4196430

Luxury and Sophistication abound in this beautiful main floor suite backing directly onto the path system and Bow River. Relax and enjoy the views from your private covered patio with exclusive access to path system when it is time to head to Prince's Island Park, River Cafe and all the activities of Eau Claire. Spacious 2 bedroom, 2 bathroom home…
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Courtesy Of
Sam Corea Of RE/MAX HOUSE OF REAL ESTATE

$529,000 - 1130 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Apartment High Rise

MLS® #C4190497

City view from the top! Enjoy colourful sunrises in the morning and twinkling city lights at night. This incredible two storey unit offers unparalleled views of the city skyline from the floor to ceiling windows throughout, as well as from each of the balconies on either level. The open floor plan of the main floor begins with a modern kitchen…
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Courtesy Of
Sally Krulis Of RE/MAX REAL ESTATE (CENTRAL)

$289,900 - 1090 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Row House

MLS® #C4196451

Exceptional VALUE for this BEAUTIFUL END unit in popular Lighthouse Landing. It comes with 2 Titled PARKING STALLS. This BRIGHT and SPACIOUS townhouse has plenty of windows allowing for plenty of natural lighting. The main floor has an open concept-ideal for entertaining. The living room has a cozy FIREPLACE. The large kitchen features GRANITE countertops, an ISLAND with a raised…
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Courtesy Of
Gareth John Hughes Of CIR REALTY

$514,900 - 1214 Sq.Ft

Beds
3
Baths
3.10

ACTIVE

Row House

MLS® #C4196671

Stunning design and the perfect location...it is possible and this is it! Nestled in the desirable community of Capitol Hill, walking distance to Transit, SAIT, North Hill Shopping Centre & a short jaunt to Confederation Park, everything you need is at your doorstep. The open concept main floor features a chef’s kitchen with gas stove and sparkling quartz counter tops,…
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Courtesy Of
Barbara Daroux Of ROYAL LEPAGE BENCHMARK

$325,000 - 1084 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Lowrise Apartment

MLS® #C4195718

Maintenance-free living awaits in exclusive Calvanna Village in Arbour Lake...this sought-after 50+ complex for the mature adult in Northwest Calgary's only lake community. Fantastic main floor corner unit with open floorplan bathed in natural light, extensive laminate floors & covered balcony with views of the mountains & downtown skyline. This light & airy unit offers oak kitchen with wraparound counters…
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Courtesy Of
Elaine J Pippi Of DIAMOND REALTY & ASSOCIATES LTD.

$274,900 - 1056 Sq.Ft

Beds
2
Baths
1.10

ACTIVE

Lowrise Apartment

MLS® #C4196456

Fantastic location! Close to all amenities, parks, schools, public transit. Top floor 2 story lofted condo has city views to downtown & is surrounded by luscious greenery. This 2 bedroom unit has been newly renovated in the last 2 years. Kitchen with stainless steel appliances, granite counters, breakfast eating bar. Spacious nook area with sliding patio doors to rooftop patio…
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Courtesy Of
Maricel McDonald Of CIR REALTY

$505,000 - 1950 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4196530

Your new home welcomes you into the chef’s dream kitchen complete with upgraded appliances, breakfast bar & quartz countertops.Exceptionally well-designed with great flow,spacious rooms,loads of natural light, high-quality finishes,central vac,Hunter Douglas blinds,gleaming hardwood floors,AC unit & more.Great open floor plan for having guests over or just family living with a spacious bright kitchen, living area & dining. Enjoy the large…


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Canadian home sales activity improves in June

Canadian home sales activity improves in June

Ottawa, ON, July 16, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales were up from May to June 2018.

Highlights:

  • National home sales rose 4.1% from May to June.
  • Actual (not seasonally adjusted) activity was down 10.7% from June 2017.
  • The number of newly listed homes eased 1.8% from May to June.
  • The MLS® Home Price Index (HPI) in June was up 0.9% year-over-year (y-o-y).
  • The national average sale price edged down 1.3% y-o-y in June.

National home sales via Canadian MLS® Systems rose 4.1% in June 2018 compared to May. While this marks the first substantive month-over-month increase this year, sales remain well down from monthly levels recorded over the past five years. (Chart A)

More than 60% of all local housing markets reported increased sales activity in June compared to May, led by the Greater Toronto Area (GTA). By contrast, sales in British Columbia continue to moderate.

Actual (not seasonally adjusted) activity was down almost 11% compared to June 2017. Sales marked a five-year low and stood almost 7% below the 10-year average for the month of June. Activity came in below year-ago levels in about two-thirds of all local markets, led overwhelmingly by those in the Lower Mainland of British Columbia.

“This year’s new stress-test on mortgage applicants has been weighing on homes sales activity; however, the increase in June suggests its impact may be starting to lift,” said CREA President Barb Sukkau. “The extent to which the stress-test continues to sideline home buyers varies by housing market and price range. All real estate is local, and REALTORS® remain your best source for information about sales and listings where you live or might like to in the future,” said Sukkau.

“The national increase in June home sales suggests activity may indeed be starting to turn the corner,” said, Gregory Klump, CREA’s Chief Economist. “Even so, the number of homes trading hands has a long way to go before it returns to levels posted in recent years. Looking ahead, home sales activity and price gains will likely be held in check by higher interest rates.”

The number of newly listed homes retreated 1.8% in June, and also stood below levels for the month in recent years. New listings declined in a number of large urban markets, including those in British Columbia’s Lower Mainland, Calgary, Edmonton, Ottawa and Montreal.

With sales up and new listings down, the national sales-to-new listings ratio tightened to 54.3% in June compared to 51.2% in May. The June reading was within short reach of the long-term average of 53.4%.

Consideration of the degree and duration to which market balance readings are above or below their long-term average is a useful way to gauge 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 its long-term average, about two-thirds of all local markets were in balanced market territory in June 2018.

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

There were 5.4 months of inventory on a national basis at the end of June 2018, down from the three-year high of 5.6 months in May. The long-term average for the measure is 5.2 months.

The Aggregate Composite MLS® HPI was up 0.9% y-o-y in June 2018, marking the 14th consecutive month of decelerating gains. It was also the smallest increase since September 2009. (Chart B)

Decelerating y-o-y home price gains have largely reflected trends at play in Greater Golden Horseshoe (GGH) housing markets tracked by the index. Home prices in the region has begun to stabilize and trend higher on a month-over-month basis in recent months.

Apartment units again posted the largest y-o-y price gains in June (+11.3%), followed by townhouse/row units (+4.9%); however, price gains for these homes have decelerated this year. By contrast, one-storey and two-storey single family home prices were again down from year-ago levels in June (-1.8% and -4.1% respectively).

With home prices having climbed above year-ago levels in 8 of the 15 markets tracked by the index, price trends continue to vary among housing markets.

Home price growth is moderating in the Lower Mainland of British Columbia (Greater Vancouver Area: +9.5% y-o-y; Fraser Valley: +18.4%), Victoria (+10.6%) and elsewhere on Vancouver Island (+16.5%).

Within the GGH region, price gains have slowed considerably on a y-o-y basis but remain above year-ago levels in Guelph (+3.5%). By contrast, home prices in the GTA, Oakville-Milton and Barrie were down from where they stood one year earlier (GTA: -4.8%; Oakville-Milton: -2.9%; Barrie and District: -6.5%). The declines reflect rapid price growth recorded one year ago and masks recent month-over-month price gains in these markets.

Calgary and Edmonton benchmark home prices were down slightly on a y-o-y basis (Calgary: -1%; Edmonton: -1.5%), while prices declines in Regina and Saskatoon were comparatively larger (-6.1% and -2.9%, respectively).

Benchmark home prices rose by 7.9% y-o-y in Ottawa (led by a 9.1% increase in two-storey single family home prices), by 6.4% in Greater Montreal (led by a 7.4% increase in townhouse/row unit prices) and by 6% in Greater Moncton (led by a 6.5% increase in one-storey single family home prices). (Table 1)

The MLS® Home Price Index (MLS® HPI) provides the best way of gauging price trends because average price trends 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 June 2018 was just under $496,000, down 1.3% from one year earlier. While this marked the fifth month in a row in which the national average price was down on a y-o-y basis, it was the smallest decline among them.

The national average price is heavily skewed by sales in the Greater Vancouver and GTA, two of Canada’s most active and expensive markets. Excluding these two markets from calculations cuts almost $107,000 from the national average price, trimming it to just over $389,000.

– 30 –

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

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

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

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations. CREA works on behalf of more than 125,000 REALTORS® who contribute to the economic and social well-being of communities across Canada. Together they advocate for property owners, buyers and sellers.

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




Canadian home sales at five-year low in May

Canadian home sales at five-year low in May

Ottawa, ON, June 15, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales were little changed from April to May 2018.

Highlights:

  • National home sales edged down 0.1% from April to May.
  • Actual (not seasonally adjusted) activity was down 16.2% from May 2017.
  • The number of newly listed homes rose 5.1% from April to May.
  • The MLS® Home Price Index (HPI) in May was up 1% year-over-year (y-o-y).
  • The national average sale price declined by 6.4% y-o-y in May.

National home sales via Canadian MLS® Systems remained little changed in May 2018. Having edged 0.1% lower, it marked the lowest level for national sales activity in more than five years. (Chart A)

Slightly more than half of all local housing markets reported fewer sales in May compared to April, led by the Okanagan region, Chilliwack and the Fraser Valley, together with the Durham region of the Greater Toronto Area (GTA) and Quebec City. Declines in activity were offset by gains in Calgary, Thunder Bay, Brantford, London and St. Thomas, Oakville-Milton and the Quinte Region west of Kingston. A small increase in GTA sales also supported the national tally.

Actual (not seasonally adjusted) activity was down 16.2% compared to May 2017 and reached a seven-year low for the month. It also stood 5.5% below the 10-year average for the month of May. Activity came in below year-ago levels in about 80% of all local markets, led overwhelmingly by those in and around the Lower Mainland of British Columbia and the Greater Golden Horseshoe (GGH) region in Ontario.

“The stress-test that came into effect this year for homebuyers with more than a twenty percent down payment is continuing to suppress sales activity,” said CREA President Barb Sukkau. “The extent to which it is sidelining home buyers varies among housing markets and price ranges. All real estate is local, and REALTORS® remain your best source for information about sales and listings where you live or might like to in the future,” said Sukkau.

“This year’s new stress-test became even more restrictive in May, since the interest rate used to qualify mortgage applications rose early in the month,” said, Gregory Klump, CREA’s Chief Economist. “Movements in the stresstest interest rate are beyond the control of policy makers. Further increases in the rate could weigh on home sales activity at a time when Canadian economic growth is facing headwinds from U.S. trade policy frictions.”

The number of newly listed homes rose 5.1% in May but remained below year-ago levels. New listings rose in about three-quarters of all local markets, led by Edmonton, Calgary, Montreal, Quebec City, Ottawa and the GTA.

With new listings up and sales virtually unchanged, the national sales-to-new listings ratio eased to 50.6% in May compared to 53.2% in April and stayed within short reach of the long-term average of 53.4%.

A national sales-to-new listings ratio of between 40% and 60% is generally consistent with a balanced national housing market, with readings below and above this range indicating buyers’ and sellers’ markets respectively; however, the range consistent with balanced market conditions varies among local markets.

For that reason, considering the degree and duration that market balance readings are above or below their long-term average is a better 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 its long-term average, about two-thirds of all local markets were in balanced market territory in May 2018.

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

There were 5.7 months of inventory on a national basis at the end of May 2018. While this marks a three-year high for the measure, it remains near the long-term average of 5.2 months.

The Aggregate Composite MLS® HPI was up 1% y-o-y in May 2018, marking the 13th consecutive month of decelerating y-o-y gains. It was also the smallest y-o-y increase since September 2009. (Chart B)

Decelerating y-o-y home price gains largely reflect trends among Greater Golden Horseshoe (GGH) housing markets tracked by the index. While home prices in the region have stabilized and begun trending higher on a monthly basis, rapid price gains recorded one year ago have contributed to deteriorating y-o-y price comparisons. If recent trends remain intact, year-over-year comparisons will likely improve in the months ahead.

Apartment units again posted the largest y-o-y price gains in May (+12.7%), followed by townhouse/row units (+4.9%). By contrast, one-storey and two-storey single family home prices were down (-1.5% and -4.7% y-o-y respectively).

Benchmark home prices in May were up from year-ago levels in 8 of the 15 markets tracked by the index.

Composite benchmark home prices in the Lower Mainland of British Columbia continue to trend upward after having dipped briefly in the second half of 2016 (Greater Vancouver (GVA): +11.5% y-o-y; Fraser Valley: +20.6% y-o-y). Apartment and townhouse/row units have been largely driving this regional trend while single family home prices in the GVA have stabilized. In the Fraser Valley, single family home prices have also started rising.

Benchmark home prices were up by 11.5% on a y-o-y basis in Victoria and by 18.1% elsewhere on Vancouver Island.

Within the GGH region, price gains have slowed considerably on a y-o-y basis but remain above year-ago levels in Guelph (+3.8%). By contrast, home prices in the GTA, Oakville-Milton and Barrie were down from where they stood one year earlier (GTA: -5.4% y-o-y; Oakville-Milton: -5.9% y-o-y; Barrie and District: -6.3% y-o-y). This reflects rapid price growth recorded one year ago and masks recent month-over-month price gains in these markets.

Calgary and Edmonton benchmark home prices were down slightly on a y-o-y basis in May (Calgary: -0.5% y-o-y; Edmonton: -0.9% y-o-y), while prices in Regina and Saskatoon were down more noticeably from year-ago levels (-6.2% y-o-y and -2.7% y-o-y, respectively).

Benchmark home prices rose by 8.2% y-o-y in Ottawa (led by a 9.5% increase in two-storey single family home prices), by 6.7% in Greater Montreal (led by a 7.3% increase in two-storey single family home prices) and by 4.3% in Greater Moncton (led by a 4.8% increase in townhouse/row unit prices). (Table 1)

The MLS® Home Price Index (MLS® HPI) provides the best way of gauging price trends because average price trends are strongly distorted by changes in the mix of sales activity from one month to the next.

The actual (not seasonally adjusted) national average price for homes sold in May 2018 was just over $496,000, down 6.4% from one year earlier.

The national average price is heavily skewed by sales in the GVA and GTA, two of Canada’s most active and expensive markets. Excluding these two markets from calculations cuts more than $104,000 from the national average price to just over $391,100 and trims the y-o-y decline to 2%.

– 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. CREA works on behalf of more than 125,000 REALTORS® who contribute to the economic and social well-being of communities across Canada. Together they advocate for property owners, buyers and sellers.

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




CREA Updates Resale Housing Market Forecast

CREA Updates Resale Housing Market Forecast

Ottawa, ON, June 15, 2018 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2018 and 2019.

Housing market fundamentals remain strong in many parts of the country. Nonetheless, many housing markets continue to struggle in the face of policy headwinds.

The new mortgage stress test announced last October had been expected to cause homebuyers to rush purchases in advance of the new rules coming into effect in January and for the “pull-forward” of sales activity to result in fewer transactions in the first half of 2018.

Evidence suggests the policy response was stronger than expected, with seasonally adjusted national home sales last December having surged to the highest level ever recorded before dropping sharply in early 2018.

Actual (not seasonally adjusted) national sales figures for March, April and May are typically among the most active months in any given year. Combined sales fell to a nine-year low for the three-month period. The seasonally adjusted trend suggests sales momentum has not yet begun to rally.

Interest rates are widely expected to rise further this year and next. Home sales activity is nonetheless still expected to strengthen modestly in the second half of 2018 as housing market uncertainty diminishes.

Taking these factors into account, the national sales forecast has been revised downward and is now projected to decline by 11% to 459,900 units this year. The decrease almost entirely reflects weaker sales in B.C. and Ontario amid heightened housing market uncertainty, provincial policy measures, high home prices, ongoing supply shortages and this year’s new mortgage stress test.

The national average price is projected to ease to $499,100 this year. This is little changed from CREA’s previous forecast and a decline of 2.1% from 2017. Only Newfoundland and Labrador’s average price is expected to post a decline of that size, while more than half of all provinces are forecast to see increases. The national average price reduction reflects fewer transactions in B.C. and Ontario.

The average price decline forecasted for Ontario (-1.7%) largely reflects fewer higher-priced home sales in Toronto, particularly during the important spring market which usually sees a seasonal jump in the average price but which failed to materialize this year. While this seasonal pattern is expected to resume in 2019, the boost to the annual figure from the spring surge has been absent this year.

Meanwhile, home prices in Eastern Ontario, Quebec, New Brunswick, Nova Scotia and Prince Edward Island are expected to continue rising following steadily firming market conditions in recent years. British Columbia is also now forecast to see its average price rise in 2018, as prices in the province have been more resilient than previously expected.

Home prices are forecast to edge down by 1% in Alberta, by 1.5% in Saskatchewan and by 2.9% in Newfoundland and Labrador. In the latter two provinces, supply remains historically elevated in relation to demand.

In 2019, national sales are forecast to rebound modestly to 474,800 units but remain below annual levels recorded in 2014 through 2017. The anticipated partial recovery in sales over the second half of 2018 from deferred purchases over the first half of the year in Ontario and B.C. is subsequently expected to fade over 2019 as interest rates continue to rise. This trend is also predicted to occur in other provinces but be most pronounced in B.C. and Ontario, where transactions have fallen sharply over the first half of 2018 despite a supportive economic and demographic backdrop for housing demand.

The national average price is also forecast to rebound by 3.8% to $518,300 in 2019, reflecting an expected return to normal seasonal patterns for spring sales activity and prices in Ontario housing markets. Indeed, the MLS® Home Price Index is rising among urban centres in B.C. and Ontario.

Market balance is continuing to firm in Quebec, New Brunswick, Nova Scotia and Prince Edward Island. Further modest price increases in these provinces are forecast in 2019, with price gains held in check by rising interest rates. Meanwhile, prices in Alberta, Saskatchewan, Manitoba and Newfoundland and Labrador are forecast to remain stable from 2018 to 2019.

– 30 –

About The Canadian Real Estate Association
The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations. CREA works on behalf of more than 125,000 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