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July 21, 2016 | Cailynn Klingbeil
55 Years of Real Estate: 2006 CREB® Past President Kevin Clark
Former CREB® president Kevin Clark recalls robust activity in 2006 created new set of challenges
To an outsider today, 2006 was an enviable year for real estate in Calgary. Nine to 10 offers on a house was commonplace, sales activity hit an all-time high with 26,975 transactions and prices skyrocketed year over year by more than 40 per cent to $336,408.
But for Kevin Clark, who was CREB® president that year, he doesn't long for those days.
Clark describes the market in 2006 as volatile. He recalls Calgary's housing industry that year as one overrun with inventory fluctuations that came with their own set of challenges.
To an outsider today, 2006 was an enviable year for real estate in Calgary. Nine to 10 offers on a house was commonplace, sales activity hit an all-time high with 26,975 transactions and prices skyrocketed year over year by more than 40 per cent to $336,408.
But for Kevin Clark, who was CREB® president that year, he doesn't long for those days.
Clark describes the market in 2006 as volatile. He recalls Calgary's housing industry that year as one overrun with inventory fluctuations that came with their own set of challenges.