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Stories Tagged - CREB®
March 31, 2017 | CREB
CREB® raises the bar for commercial success
CREB® has received the Canadian Commercial Network (CCN) Merit Award, presented by the Canadian Real Estate Association (CREA) at their 2017 AGM on March 27.
March 30, 2017 | CREBNow
The height of luxury
Vancouver-based developer encouraged by uptick in luxury home sales
Vancouver-based developer Concord Pacific says it is encouraged by the Calgary market. Sales of its Eau Claire luxury condo tower, The Concord, have hit 67 per cent.
"It's coming out of the ground. We're pouring the P1 (parking) level and you have to understand that this parkade has never been done in North America by anybody. Nobody has ever done nine-to-13-foot ceilings on four levels of parkade. This is a unique situation," said Grant Murray, senior vice-president of sales for Concord Pacific.
Murray says that coupled with the flood mitigation work that took an extra year to design into the base of the building, it was pivotal to do it right. By Easter, he says, they should be at podium level and the completion is expected to be December 2018.
Feb. 23, 2017 | Kathleen Renne
Labour of Love
How to welcome spring when you live on an acreage
John Paulsen has lived on his five-and-a-quarter acres in Springbank for more than two decades.
"It was always my dream to live on an acreage."
And he made that dream come true when he designed and built his home in Springbank, after living in Calgary's Silver Springs community.
Jan. 11, 2017 | Joel Schlesinger
Barriers to recovery
Recent changes by the federal government to mortgage lending rules will likely serve as headwinds for the city's recovering real estate market in the coming year, said CREB® in its 2017 Economic Outlook and Regional Housing Forecast.
Since 2008, the federal government has been tightening mortgage lending rules.
Jan. 09, 2017 | Joel Schlesinger
Bottoms up
Lower prices and added choices created buyers' conditions in Calgary's attached and apartment sectors in 2016. But a slow recovery is expected in 2017, bringing both sectors into better balance, says CREB®'s 2017 Economic Outlook & Regional Housing Market Forecast.
The degree to which they'll the "other half" will get there will differ, however. While the attached sector is set to post positive overall numbers, apartment sales and prices will be moderated by persistently high inventory levels.
Jan. 10, 2017 | Gerald Vander Pyl
Domino effect
Slow stabilization in Calgary's housing market in 2017 is expected to create similar momentum for satellite communities such as Okotoks, Cochrane, Airdrie and Chestermere, say local officials on the heels of CREB® releasing its 2017 Economic Outlook & Regional Housing Market Forecast.
According to the report, Chestermere in Rocky View region experienced a widening gap between sales and new listings during 2016, putting downward pressure on benchmark prices – notably detached homes, which dropped 2.5 per cent from 2015 to $490,808.
Dec. 21, 2016 | Cailynn Klingbeil
55 Years of Calgary Real Estate: 1985 CREB® President Jim Moore
The early 1980s in Alberta were a memorable and challenging time for anyone who lived through them.
Characterized by a severe global recession, widespread housing foreclosures, bankruptcies and unemployment, by the time Jim Moore was president of the Calgary Real Estate Board in 1985, market conditions remained difficult but some changes were afoot.
Dec. 21, 2016 | Jamie Zachary
2016 year in review
In a year of sales declines, price adjustments and mortgage rule changes, the one constant for Calgary's housing market in 2016 was the number of challenges it faced as the result of soft economic conditions, say industry observers.
Yet officials also maintain challenges for some created opportunities for others. And, perhaps more importantly, there is renewed optimism heading into 2017 thanks to improving numbers during the second half of this year and a series of large energy infrastructure announcements.
Dec. 07, 2016 | Shelley Boettcher
Season of giving
The holiday season is here, and, for many people, that means food, family, Christmas lights, a visit from Santa and piles of presents under the tree.
But not everyone is so lucky, especially given Alberta's tough economy.
That's why many real estate professionals are stepping up their volunteer efforts this year to put some joy into the lives of their fellow Albertans.
Dec. 20, 2016 | CREB
Add value before you sell
The housing market has aligned with your budget and you’ve decided to sell. This is an incredibly exciting time, but also stressful as working towards getting your home in tip top shape for maximum return may leave you with more questions than answers:
