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136 Almond Crescent

$314,900

3 Br | 3 Ba

Single Family Detached

If you are looking for a "like new" home in Aspen Lakes west but dont want to pay GST your search is over! This home shows like new as owner has been away working most of the 2 years he owned it. Newrock Homes 2 storey which features attractive floorplan on the main level with good sized living room with…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0091651
Available

39306 Range Road 275

$349,900

0 Br | 0 Ba

Acreage

8.53 private acres just 10 min NW of Red Deer! . 5 minute walk to the Blindman river with abundant wildlife in area. The perfect acreage for horse lovers with budget in mind! There is a 1984 1295 square foot mobile with screw pilings and several outbuildings included with the sale but are not warranted by the seller. The power…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0091224
Available

28 Forest Drive

$264,900

2 Br | 1 Ba

Single Family Detached

Investment potential in this bilevel in Lakeview Heights! The main floor is completely renovated with engineered hardwood flooringand tile, kitchen cabinets with stainless steel appliances, bathrooms and paint. There are 2 bedrooms plus a spacious den on this level plus laundry with stackable washer/dryer. Master bedroom has 4 piece ensuite and backs onto quiet backyard. Basement is ready for your…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0090931
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® #: CA0090750
Available

119 Dundee Crescent

$284,900

4 Br | 2 Ba

Single Family Detached

If you've been looking for a huge pie lot with a big garage, stop the search! East facing backyard with 30x24 garage as well as RV parking! Large deck is perfect for entertaining & overlooks fire pit area, numerous apple trees & separate fenced garden too. Windows are new throughout the home as well as flooring. The kitchen has lots…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0089819
Available

16 Gilchrist Crescent

$624,900

0 Br | 0 Ba

Fourplex

Fully rented 4-plex backing onto trees in a quiet area generating excellent cash flow! Each unit has been upgraded and features 3 bedrooms, 4pc bathroom, in-suite laundry, excellent kitchen / dining / living room space, large storage / pantry room, and paved parking pad for off-street parking! Property has been well cared for, with all mechanical needs serviced on a…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0089572
Available

4402 48 Avenue

$74,900

3 Br | 2 Ba

Mobile Home

Well kept 3 bedroom mobile, close to downtown Sylvan Lake. A green space next door makes this one especially desirable, as well as a good sized lot with manicured lawn & garden boxes. Attractive laminate flooring in a large living area, with open concept to dining room that will accommodate a big table. Garden door leads to side deck overlooking…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0088583
Available

42 James Street

$314,900

3 Br | 4 Ba

Single Family Detached

Well maintained fully finished 2 story! Bright & open main floor with lots of windows & large front entry way. Convenient main floor laundry is shared with a 2 piece bathroom. There is an island in the kitchen, a corner pantry & lots of cupboards. 3 bedrooms are upstairs & the master bedroom has a 4 piece ensuite & walk-thru…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0088278
Available

37 Westgate Crescent

$224,900

3 Br | 2 Ba

Townhouse

Blackfalds two story townhouse close to recreation center, parks and schools with no condo fees! Main level has good sized living room with carpet and oversized kitchen/dining area with oak cabinets plus 2 piece bathroom. Upper level has 3 bedrooms including master bedroom with loads of closet space. Basement is undeveloped and has washer/dryer hookups. Fenced and landscaped backyard with…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0088032
Available

4121 45 Street

$294,900

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® #: CA0085139
Available

131 Morris Court

$564,900

3 Br | 3 Ba

Single Family Detached

Meticulously kept custom built 2 storey with evident attention to detail throughout. A well thought out plan, with large open concept living/dining/kitchen area that flows effortlessly with modern color palette, functional flooring & extra lighting in all rooms. Stunning coffered ceilings, unique fully tiled wall w/ fireplace & bench seating, rustic wide plank engineered flooring & dark maple cabinets with…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0083902
Available

7 Cole Way

$494,900

3 Br | 3 Ba

Single Family Detached

Showy & modern in Crestview! Wonderful 2 storey with the "wow" factor throughout, with open kitchen/dining concept, tons of counter space, cupboards & full tile backsplash. Floor tile gleams throughout kitchen & living room & large windows add to the brightness. Large walk through to garage is designed with room for kids coats & storage & is shared with washer…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0083178
Available

4413 Ryders Ridge Boulevard

$524,900

5 Br | 3 Ba

Single Family Detached

Stunning 2 story former show home situated in Sylvan Lake's finest neighbourhood, backing onto walking trail and minutes from all amenities. Main floor features tile in spacious entry, hardwood flooring in living room, attractive stone wall gas fireplace. Kitchen layout has functional island, gas cooktop stove, loads of cabinets and pantry. Dining area will accomodate large table/furniture and opens onto…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Kevin Glover
MLS® #: CA0082430
Active

23 Andrews Close

$412,000

5 Br | 3 Ba

Single Family Detached

Welcome to this great family home located in a prestigious quiet close in Anders. Homes in these areas don't come around very often. This home has been well taken care of and is the original owner from the day it was built. Three bedrooms on the main level, large open living room, and main floor laundry. There is a covered…
Brokerage: Realty Experts Group Ltd
Realtor: NOLIN MAURIER
MLS® #: CA0092163
Active

37 Willow Drive

$380,000

4 Br | 2 Ba

Acreage

SPACIOUS ACREAGE WITH LOTS OF EXTRAS 1780 SQ. FT. BUNGALOW, 4 BEDS, 2 BATHS, VAULTED CEILING, OPEN PLAN, COUNTRY KITCHEN WITH HUGE PANTRY, PLUS FORMAL DINING ROOM. MASTER SUITE HAS A 3 PIECE ENSUITE AND WALK IN CLOSET. VERY PRIVATE 2.57 ACRES JUST A SHORT DRIVE TO ROCKY MOUNTAIN HOUSE AND SURROUNDED BY MATURE TREES, LARGE GRAVELED AREA WITH LOTS…
Brokerage: Royal Lepage Network Realty Corp.
Realtor: Doug Wagar
MLS® #: CA0090488
3899 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