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CREB® past president Jim Ross has worked in High River for nearly four decades, noting the town continues to evolve alongside the regional housing market. Photo by Michelle Hofer/For CREB®Now
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.

Curtis Van Charles Sorensen is behind the new Window to the Wild public art installation, a series of nine mixed media images of local wildlife along East Village’s RiverWalk that launched this week. Photo by Wil Andruschak/For CREB®Now
News

Oct. 21, 2016 | Andrea Cox

Blank canvas

Developers creating public art 'for the people that belongs to the people'

It's Sunday morning and soft skiffs of white snow blanket the still green grass, while golden and red leaves cling tightly to drooping branches laden with the heaviness of an early fall storm.

As the sun streams through a parting overcast sky, melting the show of winter that has arrived all too soon, the landscape becomes an artistic vista – one of twinkling light and impressionistic colour as St. Patrick's Island awakens to the day.

CMHC’s Richard Cho said that foreign investment still represents just a sliver of Calgary’s total residential housing market, even though it has increased from 0.2 to 1.1 per cent in just over a year. Photo by Wil Andruschak/For CREB®Now
News

Oct. 14, 2016 | Joel Schlesinger

Goodbye YVR, hello YYC?

Housing officials say foreign investment shift too early to tell; still unwavering on city's potential

Calgary could be the new Vancouver. At least that's what has some real estate observers maintaining more than two months after the B.C. government imposed a 15 per cent land transfer tax on real estate purchases by foreign buyers in the province's most populated city.

Aimed at dampening foreign investment—mostly from mainland China, which has been suspected of pushing up demand and prices in markets such as Vancouver where the benchmark price for a home is close to $1 million – the tax appears to be working.

CHBA - UDI Calgary Region Association CEO Guy Huntingford is concerned new city charters could potential undo more than three years worth of existing work put into a new Municipal Government Act. Photo by Adrian Shellard/For CREB®Now
News

Oct. 14, 2016 | Barb Livingstone

Charting a new course

Homebuilding officials warn proposed governmental power shift could impact homebuyers in a big way

Before Calgarians step into a voting booth to elect a new city council a year from now, there could be a whole new ball game of city governance over everything from land assessments to affordable housing and even new taxing powers.

New city charters originally proposed in 2014, and only recently made available for public feedback, are intended to give new powers and responsibilities to Alberta's two largest municipalities. They may affect Calgarians on everything from residential speed limits and fines, environmental protection, integration of land-use and transportation strategies and investment to civic administrative efficiencies that stretch from council roles to establishment of bylaw tribunals.

And there will almost certainly be changes that impact the homebuilding industry, and ultimately homebuyers.

Chris Bolt, now retired and living in Victoria, recalled his road to becoming president of CREB® in 1999 started by a colleague's suggestion to give real estate "a try." Photo courtesy Chris Bolt
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.

Mobile usage trends are changing the way many Canadians shop for their next home. An estimated 67 per cent 
of traffic to realtor.ca comes from a mobile device.
News

Oct. 08, 2016 | Gerald Vander Pyl

Rise of the machines

Technology continues to reshape homebuying experience

Pick a recent weekend, and you've likely spotted Calgarians wandering in your neighbourhood with cellphones held up to their face.

Pokemon Go?

Actually, they might be homebuyers following mapped directions to an open house in the area. Or texting where to meet a real estate professional to view a home for sale.

CREB®Now Archive
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.

News

Sept. 30, 2016 | CREBNow

Real estate council receives international awards

RECA recognized for education, communication

The Real Estate Council of Alberta (RECA) was recently recognized for its educational and communications efforts with two awards from the Association of Real Estate License Law Officials (ARELLO).

RECA, a non-government agency responsible for governing the industry under Alberta's Real Estate Act, won an education award for its pre-licensing education course, the Practice of Rural Real Estate, and a communications award for the 2016 edition of the Advertising Guidelines.

The awards were presented at ARELLO's annual conference in late September in Vancouver.

Aging in Place owner Carla Berezowski said Calgary is stuck in the past with old ways of homebuilding. Photo by Wil Andruschak/for CREB®Now
News

Sept. 30, 2016 | Joel Schlesinger

Breaking barriers

Visitable housing offers more than accessibility for disabled individuals; it could be the future of single family homes in an increasingly aged society. So why isn't it catching on?

Carla Berezowski looks at many of Calgary's new neighbourhoods from the last decade and sees missed opportunities.

A specialist in barrier-free design, the consultant works mostly with aging Calgarians, retrofitting their homes to accommodate mobility needs.

"People are usually reacting to a situation like, 'My mom fell' and they want to make their house accessible to accommodate aging parents," said Berezowski, owner of Aging in Place Calgary.

Former CREB® president Ed Jensen recalled the 2008 housing market in Calgary being largely marred by a global financial crisis rooted in the collapse of the U.S. housing sector, accompanied by weakening energy prices. Photo by Michelle Hofer/For CREB®Now
News

Sept. 29, 2016 | Cailynn Klingbeil

55 Years of Calgary Real Estate: 2008 CREB® President Ed Jensen

2008 CREB® president Ed Jensen remembers 'one of the toughest years in Calgary real estate history'

In his final message as CREB® president, Ed Jensen summed up 2008 at the time as "one of the toughest years in Calgary real estate history."
Even looking back at it now, he is still pragmatic about what went on in that year, which was largely marred by a global financial crisis rooted in the collapse of the U.S. housing sector, accompanied by weakening energy prices.

"Our economy had been building rapidly and prosperously, but it started to slow down in the fall of 2007," he said. "In 2008, there was a shift from a sellers' market to a buyers' market. It happened gradually, over the
first quarter."

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