Calgary's trusted source of real estate news, advice and statistics since 1983.
Stories Tagged - CREB®
News
Oct. 24, 2016 | Cailynn Klingbeil
55 Years of Calgary Real Estate: 2009 CREB® President Bonnie Wegerich
Former CREB® president Bonnie Wegerich remembered challenges, successes in 2009
Bonnie Wegerich can sum up her time as CREB®'s president in 2009 with one word: recovery.
After residential resale housing prices in Calgary reached record highs in 2007, an economic downturn the following year caused prices to drop and sales to halt – a spillover effect that went well into Wegerich's year at the helm.
"In January, we had more sales than in December, and we were very excited about that. That's where we went from. Every month was getting better than it was," remembered Wegerich, a longtime real estate professional who worked and lived in Airdrie.
Bonnie Wegerich can sum up her time as CREB®'s president in 2009 with one word: recovery.
After residential resale housing prices in Calgary reached record highs in 2007, an economic downturn the following year caused prices to drop and sales to halt – a spillover effect that went well into Wegerich's year at the helm.
"In January, we had more sales than in December, and we were very excited about that. That's where we went from. Every month was getting better than it was," remembered Wegerich, a longtime real estate professional who worked and lived in Airdrie.
News
Oct. 24, 2016 | Cailynn Klingbeil
55 Years of Calgary Real Estate: 2002 CREB® President Joyce Travis
Former CREB® president Joyce Travis remembered moving beyond 9/11, adapting to circumstances
Four months after devastating terrorist attacks on Sept. 11, 2001, left thousands dead in the U.S., the pain was still palatable – even as far as Calgary.
"Everybody was just shell shocked," said Travis, who, amid that atmosphere of uncertainty, took over as president of CREB®.
In Calgary, the attack led to hesitancy that was manifested, at least early on, by a sluggish housing market. Travis said consumers were reluctant to make major decisions, such as buying or selling a house.
Four months after devastating terrorist attacks on Sept. 11, 2001, left thousands dead in the U.S., the pain was still palatable – even as far as Calgary.
"Everybody was just shell shocked," said Travis, who, amid that atmosphere of uncertainty, took over as president of CREB®.
In Calgary, the attack led to hesitancy that was manifested, at least early on, by a sluggish housing market. Travis said consumers were reluctant to make major decisions, such as buying or selling a house.
News
Oct. 24, 2016 | Cailynn Klingbeil
55 Years of Calgary Real Estate: 1996 CREB® President Jim Ross
CREB® past president Jim Ross labels digital revolution in 1996 as a game-changer
It was the cusp of the modern-day tech revolution, and Jim Ross had the best seat in the house.
"The Internet was quite new, and we were just coming to grips with the best way to head down that road," said the CREB® past president, who guided the local real estate industry in 1996 through increasing demand for digital alternatives. "At that time, we had no idea what the impact of the Internet would be, how universal it would become.
It was the cusp of the modern-day tech revolution, and Jim Ross had the best seat in the house.
"The Internet was quite new, and we were just coming to grips with the best way to head down that road," said the CREB® past president, who guided the local real estate industry in 1996 through increasing demand for digital alternatives. "At that time, we had no idea what the impact of the Internet would be, how universal it would become.
News
Oct. 08, 2016 | Cailynn Klingbeil
55 Years of Calgary Real Estate: 1999 CREB® President Chris Bolt
Chris Bolt recalls big changes during time as CREB® president in 1999
The year was 1999. Y2K fears gripped society, the price of oil started to rebound and construction on a controversial new building for CREB® finally got underway.
In other words, it was just another day for Chris Bolt, who, today, looks back at his presidency for the REALTOR® organization as one of his greatest career accomplishments.
But how the native of London ended up leading the province's largest real estate organization during a year of transition is even more interesting.
The year was 1999. Y2K fears gripped society, the price of oil started to rebound and construction on a controversial new building for CREB® finally got underway.
In other words, it was just another day for Chris Bolt, who, today, looks back at his presidency for the REALTOR® organization as one of his greatest career accomplishments.
But how the native of London ended up leading the province's largest real estate organization during a year of transition is even more interesting.
News
Oct. 03, 2016 | CREBNow
Detached prices stabilize in soft market: CREB®
New listing levels starting to match sales
A new report indicates the segment of Calgary's resale residential housing market with the greatest influence on the overall market is showing signs of pricing stability.
The detached benchmark price totaled $503,400 in September, which is 3.3 per cent below last year, but the second consecutive month at this price level, reported CREB® today.
While overall economic conditions remain soft, for now the detached sector is demonstrating some steadiness in terms of pricing, the member-based organization said.
A new report indicates the segment of Calgary's resale residential housing market with the greatest influence on the overall market is showing signs of pricing stability.
The detached benchmark price totaled $503,400 in September, which is 3.3 per cent below last year, but the second consecutive month at this price level, reported CREB® today.
While overall economic conditions remain soft, for now the detached sector is demonstrating some steadiness in terms of pricing, the member-based organization said.
News
Sept. 29, 2016 | Shelley Boettcher
Calgary real estate community steps up
CREB® Charitable Foundation increases Investing in Hope donations to $180k
For almost 30 years, Calgary real estate professionals have been making their communities a better place through the CREB® Charitable Foundation's Investing in Hope program.
This year, they're going to be doing even more.
In response to overwhelming need in Alberta, the CREB® Charitable Foundation has upped its annual donations through the popular program to $180,000 from $150,000. That means three additional charities, and a total of 18 organizations, will each receive $10,000 in 2016 to put toward their annual budgets.
For almost 30 years, Calgary real estate professionals have been making their communities a better place through the CREB® Charitable Foundation's Investing in Hope program.
This year, they're going to be doing even more.
In response to overwhelming need in Alberta, the CREB® Charitable Foundation has upped its annual donations through the popular program to $180,000 from $150,000. That means three additional charities, and a total of 18 organizations, will each receive $10,000 in 2016 to put toward their annual budgets.
News
Sept. 29, 2016 | Cailynn Klingbeil
55 Years of Calgary Real Estate: 2001 CREB® President Marlene Swinton
Second career was a natural transition for 2001 CREB® president Marlene Swinton
After years of managing her late husband's architecture practice, Marlene Swinton was looking for a change.
"I wanted to do something different and my cousin said, 'why not real estate? You know buildings.' I thought it might be really interesting, so I took a course and I loved it," said Swinton, who went on to fulfill a 27-year-long career in the industry that included a term as CREB®'s president in 2001.
After years of managing her late husband's architecture practice, Marlene Swinton was looking for a change.
"I wanted to do something different and my cousin said, 'why not real estate? You know buildings.' I thought it might be really interesting, so I took a course and I loved it," said Swinton, who went on to fulfill a 27-year-long career in the industry that included a term as CREB®'s president in 2001.
News
Sept. 19, 2016 | Miles Durie
Changing expectations
Housing market offers some surprises, different perceptions, say local experts
A quick look at today's real estate market might not exactly fill first-time homebuyers with optimistic anticipation. Yet dig deeper and there's plenty of reason to get excited, say housing experts.
Even though home sales are down by double-digit percentages in terms of units sold and money spent compared to a year ago, the average selling price is up slightly — about two per cent, to $474,605 in August, according to CREB®.
A quick look at today's real estate market might not exactly fill first-time homebuyers with optimistic anticipation. Yet dig deeper and there's plenty of reason to get excited, say housing experts.
Even though home sales are down by double-digit percentages in terms of units sold and money spent compared to a year ago, the average selling price is up slightly — about two per cent, to $474,605 in August, according to CREB®.
News
Sept. 14, 2016 | Cailynn Klingbeil
55 years of Calgary Real Estate: 1974 CREB® president Clair J. Cote Jr.
Clair J. Cote Jr. follows in father's historic footsteps by leading CREB® through 1974
When Clair J. Cote Jr. became CREB®'s president in 1974, Calgary was partway through a decade marked by unprecedented growth, both in business and real estate development.
The year prior, the Arab oil embargo set off the first global energy crisis, leading to efforts in Alberta to lessen the dependence on foreign oil. Calgary, where oil companies were headquartered, prospered.
For Cote, the 1970s stand out as a time in which his brokerage, which started in 1964, grew.
When Clair J. Cote Jr. became CREB®'s president in 1974, Calgary was partway through a decade marked by unprecedented growth, both in business and real estate development.
The year prior, the Arab oil embargo set off the first global energy crisis, leading to efforts in Alberta to lessen the dependence on foreign oil. Calgary, where oil companies were headquartered, prospered.
For Cote, the 1970s stand out as a time in which his brokerage, which started in 1964, grew.
News
Sept. 14, 2016 | Cailynn Klingbeil
55 Years of Calgary Real Estate: 2015 CREB® President Corinne Lyall
Former CREB® president Corinne Lyall focused on different drivers behind housing market in 2015
Corinne Lyall is all too familiar with many of the challenges currently facing homebuyers and sellers in Calgary. She served as CREB®'s president just last year when the economic downturn was arguably at its strongest, is currently past president on the board of directors for the real estate member organization and is broker at her own firm Royal Lepage Benchmark.
Yet her message today is the same as it was when she had the gavel in hand: real estate is personal.
Corinne Lyall is all too familiar with many of the challenges currently facing homebuyers and sellers in Calgary. She served as CREB®'s president just last year when the economic downturn was arguably at its strongest, is currently past president on the board of directors for the real estate member organization and is broker at her own firm Royal Lepage Benchmark.
Yet her message today is the same as it was when she had the gavel in hand: real estate is personal.