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42 Denmark Crescent

$549,900

6 Br | 4 Ba

Single Family Detached

Beautiful 2 storey with numerous renovations & upgrades throughout. In recent years, the roof, shingles, garage overhead door, hwt & furnace (high efficiency) have been replaced. New triple pane windows throughout the main floor & the upper level. The kitchen has new Granite counter tops, glass backsplash, s/s appliances & lighting. Oak hardwood on main floor has a rich chocolate…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0099111
Available

55 Lee Street

$259,900

4 Br | 2 Ba

Single Family Detached

Fantastic value in this family friendly bungalow with detached garage situated on a quiet street in Penhold. Main level features laminate flooring in living room, good sized kitchen/dining room with doors to large newer deck. 3 bedrooms on main level including master with 3 piece ensuite! Basement development includes oversize family room, bedroom and den which could double as 5th…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0098932
Available

128 Larratt Close

$679,900

3 Br | 3 Ba

Single Family Detached

A beautifully finished 2 storey by McGonigal Signature Homes. Situated on a prime close location in Laredo, & surrounded by similar homes, this one is full of upgrades, unique design & quality. The matte finished engineered hardwood is a subtle contrast to the cream & bronze color palette throughout. . The huge kitchen island is quartz with lots of room…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0098680
Available

90 South Pine Lake Road

$320,000

3 Br | 2 Ba

Single Family Detached

Single family detached home situated on a bareland condo in Phase 4 Whispering Pines Development, Pine Lake. Main level features open concept living area with attractive laminate flooring and gas fireplace. Kitchen opens onto deck area overlooking golf course. Seperate dining room for entertaining guests. Master bedroom has "cheater" 3 piece ensuite. Basement development is oversize family room, 2 bedrooms…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0098698
Available

91 South Pine Lake Road

$310,000

3 Br | 2 Ba

Single Family Detached

Single family detached home situated on a bareland condo in Phase 4 Whispering Pines Development, Pine Lake. Main level features open concept living area with attractive laminate flooring and gas fireplace. Kitchen opens onto deck area overlooking golf course. Seperate dining room for entertaining guests. Master bedroom has "cheater" 3 piece ensuite. Basement development is oversize family room, 2 bedrooms…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0098699
Available

430054 Range Road 261 Road

$1,475,000

0 Br | 0 Ba

Building

COURT ORDERED SALE! Prime Hwy 2 frontage near Ponoka at intersection of Hwy 53. Three sub divided lots totaling 4.40 acres with a residence and shop on one lot. Paved road right to property. Formerly a trailer sales/leasing business the shop is ICF block to the eaves, office area 2400 sq ft with a open mezzanine above. Shop has 4-…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0098508
Available

136 Tamarac Boulevard

$249,900

4 Br | 1 Ba

Half Duplex

Springbrook half duplex with detached garage on large lot backing onto a green space. Check out and compare the size of this unit to others for sale! This spacious home is close to all amenities in a quiet neighborhood. All original hardwood flooring throughout home with newer lino in kitchen, vinyl windows throughout. This home is one of two homes…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0097467
Available

4402 48 Avenue

$69,900

3 Br | 2 Ba

Mobile Home

Very Well Maintained mobile with upgrades throughout! 3 bedrooms, so kids can be close, with a huge m/b & 3 piece ensuite! There are 2 sinks in the main bathroom with a large vanity & lots of storage. The upgraded laminate flooring looks great with the neutral colors throughout. The kitchen layout is very functional with lots of counter space…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0097269
Available

4121 45 Street

$286,500

3 Br | 2 Ba

Single Family Detached

Perfectly Priced charmer across from Grandview Elementary School. This 3 level split has had most windows replaced, has a newer furnace & hw tank & there is lots of life left in the shingles. The original hardwood has been refinished & looks absolutely fantastic! There is a sky light on the main floor for tons of natural light & another…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0097013
Available

63 Village Crescent

$349,900

2 Br | 2 Ba

Single Family Detached

Bi-Level in "Like New" condition with Upgrades included! Large entryway greets you with a big front closet & iron railing framing the stairs to the living area. Attractive laminate flooring in bright living room & lino in kitchen & dining area helps with clean living & low maintenance. Noticeably high ceilings with big windows throughout enhance the open concept. Attractive…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0096597
Available

29 Windermere Close

$339,900

3 Br | 3 Ba

Half Duplex

Sorento built 1/2 duplex, in "like new" condition! Quality & upgrades throughout, with engineered laminate flooring on entire main floor, warm color palette throughout & an abundance of pot lights to complement 9 ft ceilings. Kitchen cabinets are an espresso stained maple, upgraded appliances are stainless steel & there is full subway tile backsplash. A tiled gas fireplace highlights the…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0095216
Available

29 Windermere Close

$339,900

3 Br | 3 Ba

Half Duplex

Sorento built 1/2 duplex, in "like new" condition! Quality & upgrades throughout, with engineered laminate flooring on entire main floor, warm color palette throughout & an abundance of pot lights to complement 9 ft ceilings. Kitchen cabinets are an espresso stained maple, upgraded appliances are stainless steel & there is full subway tile backsplash. A tiled gas fireplace highlights the…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0095216
Available

99 Voisin Close

$584,900

5 Br | 3 Ba

Single Family Detached

Stunning Modified Bi-Level in immaculate condition! Functional design & lots of appealing upgrades in this 5 bedroom, 3 full bathroom home. Granite, tile & hardwood throughout, neutral warm color palette, s/s appliances, vaulted ceilings, designer windows with silhouette blinds, stone surround fireplace in living room. Granite island in the kitchen is huge, under-counter lighting, full tile back-splash & a built…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0093559
Active

11 Kendrew Drive

$239,900

3 Br | 2 Ba

Half Duplex

Buy 1/2 or buy the entire building! Full duplex on 2 separate titles available. The other 1/2 (9 Kendrew) MLS number is CA0099728. Excellent home, with a massive master bedroom down including a gigantic walk in closet. Second bedroom, full bath and family room round out the basement. Upper has vaulted ceiling in "great room" with kitchen, living and dining.…
Brokerage: Century 21 Advantage
Realtor: Richard Pochylko
MLS® #: CA0099730
Active

29 Erica Drive

$579,000

4 Br | 3 Ba

Single Family Detached

Outstanding Elizabeth Park home backing onto walking trails. Beautiful backyard has views of the natural green area and has been landscaped to perfection. This custom home has undeniable curb appeal with attention to detail inside and out. The floor plan is functional and spacious with an open design that allows a view of the backyard. Kitchen has plenty of cabinets,…
Brokerage: RE/MAX Real Estate Central Ab. Ponoka
Realtor: TODD REED
MLS® #: CA0099735
2648 others, view more

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Canadian home sales edge lower but remain strong in July

Canadian home sales edge lower but remain strong in July

Fri, 08/14/2015 – 09:00

Ottawa, ON, August 14, 2015 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged slightly lower on a month-over-month basis in July 2015.

Highlights:

•       National home sales edged back by 0.4% from June to July.

•       Actual (not seasonally adjusted) activity stood 3.4% above July 2014 levels.

•       The number of newly listed homes edged up 0.2 per cent from June to July.

•       The Canadian housing market remains balanced overall.

•       The MLS® Home Price Index (HPI) rose 5.9% year-over-year in July.

•       The national average sale price rose 8.9% on a year-over-year basis in July; excluding Greater Vancouver and Greater Toronto, it increased by 4.1%.

The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations declined by 0.4 per cent in July 2015 compared to June. While this marks the second consecutive monthly decline in activity, sales activity in May, June and July reached their highest monthly levels in more than five years. 

July sales were down from the previous month in about half of all local markets, led by declines in Hamilton-Burlington and in the Durham Region of the greater Toronto Area (GTA). The monthly decline in sales for these two markets represents a pullback from record levels in June and likely reflects an insufficient supply of listings. By contrast, sales in Newfoundland and Labrador were up most on a month-over-month basis, marking a rebound from a quiet month of June for the province.

“National sales activity remains solid, fuelled by strength in British Columbia and the Greater Toronto Area, where listings are in short supply or trending that way,” said CREA President Pauline Aunger. “That said, markets elsewhere across Canada are largely well balanced and in some cases have an ample supply of listings. As always, 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.”

“It’s fair to say that the strength of national sales is still a story about two cities, but it’s equally about how trends there are spreading out in their respective provinces,” said Gregory Klump, CREA’s Chief Economist. “Trends in British Columbia and Ontario have a big influence on the national figures, since they account for about 60 per cent of national housing activity. As a result, the national picture reflects how demand is running high for the short supply of single family homes in and around the GTA while the balance between supply and demand is tightening in B.C.’s Lower Mainland. These remain the only places in Canada where home prices are growing strongly.”

Actual (not seasonally adjusted) activity in July 2015 came in 3.4 per cent ahead of the same month last year, and marked the second highest July sales figure on record after 2009. Activity stood 12.6 per cent above the 10-year average for July.

Actual (not seasonally adjusted) sales were up from year-ago levels in just over half of all local markets, led by the Lower Mainland region of British Columbia and the GTA. While Calgary continued to post the largest year-over-year declines in sales compared to last year’s record levels, activity there is nonetheless running roughly in line with five and 10-year averages for sales during the month of July.

The number of newly listed homes was little changed (+0.2 per cent) in July compared to June, marking the fourth consecutive month in which new listings have held steady. New supply was up in a little more than half of all local markets, led by rebounds in Calgary and Edmonton which offset a small step down in the GTA.

The national sales-to-new listings ratio was 56.8 per cent in July, down slightly from 57.1 per cent in June. The measure has closely tracked the trend for sales this year as new supply has remained stable.

A sales-to-new listings ratio between 40 and 60 per cent is generally consistent with balanced housing market conditions, with readings above and below this range indicating sellers’ and buyers’ markets, respectively.

The ratio was within this range in about half of local housing markets in July. About one-third of all local markets breached the 60 per cent threshold in July, comprised mostly of markets in British Columbia together with those in and around the Greater Toronto Area.

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

There were 5.6 months of inventory on a national basis at the end of July 2015, unchanged from the previous two months and a three-year low for the measure. The national balance between supply and demand has tightened since the beginning of the year as rising sales have drawn down on overall supply.

The Aggregate Composite MLS® HPI rose by 5.90 per cent on a year-over-year basis in July, accelerating from the 5.43 per cent year-over-year gain in June. Gains over the past year and a half had been holding steady within a range of about five and five and a half per cent. 

Year-over-year price growth picked up in July for all Benchmark home types tracked by the index. Two-storey single family homes continued to post the biggest year-over-year price gains (+8.16 per cent), with comparatively more modest increases for one-storey single family homes

(+4.88 per cent), townhouse/row units (+4.49 per cent) and apartment units (+2.96 per cent).

Year-over-year price growth varied among housing markets tracked by the index. Greater Vancouver (+11.23 per cent) and Greater Toronto (+9.39 per cent) continue to post by far the biggest year-over-year price increases. By comparison, year-over-year price growth in the Fraser Valley accelerated to about six per cent, while Victoria and Vancouver Island prices continued to log year-over-year gains of about four per cent in July.

Price gains in Calgary continued to slow, with a year-over-year increase of just 0.14 per cent in July. This was the smallest gain in nearly four years, with July’s reading down about 0.7% from the peak reached in November 2014 and up by about an equal percentage compared to the recent low point reached in April 2015. Prices continued running roughly even with year-ago levels in Saskatoon.

Elsewhere, home prices were up from July 2014 levels by just under two per cent in Greater Montreal and by just under one per cent in Ottawa. By comparison, prices fell by about three and a half per cent in Regina and by about one and a half per cent in Greater Moncton.

The MLS® Home Price Index (MLS® HPI) provides a better gauge of price trends than is possible using averages because it is not affected by changes in the mix of sales activity the way that average price is.

The actual (not seasonally adjusted) national average price for homes sold in July 2015 was $437,699, up 8.9 per cent on a year-over-year basis.

The national average home price continues to be upwardly distorted by sales activity in Greater Vancouver and Greater Toronto, which are among Canada’s most active and expensive housing markets. If these two markets are excluded from calculations, the average is a more modest $341,438 and the year-over-year gain is reduced to 4.1 per cent.

– 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 109,000 REALTORS® working through some 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