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Stories Tagged - CREA

CCN Merit Award
News

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. 

Former CREB® president Jerry Roberts said the Winter Olympics in 1988 represented a turning point for Calgary and its real estate industry. Photo by Michelle Hofer/For CREB®Now
News

Dec. 21, 2016 | Cailynn Klingbeil

55 Years of Calgary Real Estate: 1988 CREB® President Jerry Roberts

1988 CREB® president Jerry Roberts recalls Winter Olympics arriving at the right time for Calgarians

Like many Calgarians, the first thing Jerry Roberts remembers about 1988 was the Winter Olympics.

The international sporting event transformed Calgary, as 1,423 athletes from 57 nations competed in 46 events over 16 days in February 1988.

But perhaps more importantly, it put Calgary, then a city of 675,000 and the first Canadian city to host a Winter Olympic Games, on the world map, said Roberts, who was president of CREB® that year.

News

Oct. 26, 2016 | Marty Hope

Stress test

Experts say new mortgage rules might take some buyers out of the game

Getting into your "ideal" home might be more difficult following the introduction of new federal regulations pertaining to insured mortgages.

Under new regulations introduced this week, all mortgages must be "stress-tested" at the posted rate instead of negotiated rates that have recently been around 2.5 per cent.

Previously, only mortgages with a term less than five years, as well as any variable-rate mortgages, had to qualify at the benchmark rate.

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.

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.

CREA expects national housing sales will decrease in 2017 once adjusted for population growth. Illustration courtesy CREA.
News

Sept. 14, 2016 | CREBNow

Alta. housing sales to finish strong, face challenges: report

CREA expects sales to struggle to maintain traction in 20016-17

MLS® sales in Alberta are expected to increase for the balance of the year due to better-than-expected activity during the second quarter and health levels heading into the third quarter, according to the Canadian Real Estate Association (CREA) in its revised 2016 forecast.

The national REALTOR® agency added, however, that the current economic climate suggests Alberta sales may struggle to maintain traction over the remainder of 2016 and into 2017.

Alberta sales activity is expected to finish the year down 8.8 per cent to 51,500 transactions - the largest decline in the country as the province's economy struggles with a sluggish energy industry.

Nationally, sales activity is forecast to rise by six per cent to 535,900 units in 2016, which is little changed from CREA's previously predicted sales increase of 6.1 per cent to 536,400 units this year. This represents a new record for annual sales.

News

Aug. 15, 2016 | CREBNow

National homes sales post third consecutive decline

Prices exhibit resilience, record biggest gain since 2006


National home sales declined for a third consecutive month in July, according to statistics released today by the Canadian Real Estate Association (CREA).


The number of homes trading hands via Canadian MLS® Systems fell by 1.3 per cent month-over-month in July 2016. With similar monthly declines having been posted in May and June, national sales activity in July came in 3.9 per cent below the record set in April 2016. (Chart A)


Sales activity was down from the previous month in slightly more than half of all markets in July, led by Greater Vancouver and B.C.'s Fraser Valley. Transactions in these two markets peaked in February of this year, and have since then dropped by 21.5 and 28.8 percent respectively.


CREB®Now Archive
News

Feb. 16, 2016 | CREBNow

Calgary's housing market takes brunt of downturn

City leads country in sales, price declines: report

Canada's resale residential housing markets illustrated further signs of regional disparities in January, with sales and prices up in hot markets such as Toronto and B.C.'s Lower Mainland yet down in others such as Calgary and Edmonton, according to a new report from the Canadian Real Estate Association (CREA).

Sales in Calgary last month fell by 14 per cent to 1,049 units, representing the sharpest year-over-year decline among all major urban centres in Canada. Edmonton also saw a sharp 9.7 per cent decrease in the number of sales to 777 units.

In contrast, Greater Vancouver saw sales pick up by 30.3 per cent to 2,626 units and Greater Toronto Area (GTA) by 7.3 per cent to 4,672.

News

Nov. 03, 2015 | CREBNow

What's your home's Transit Score?

New feature to join Walk Score on REALTOR.ca

Transit Score will now be made available on select listings on REALTOR.ca, the Canadian Real Estate Association (CREA) announced recently.

The national real estate agency said the addition is in response to a "demographic and socioeconomic shift toward sustainable transportation." It also noted that in a 2013 Nanos survey, 59 per cent of respondents indicated that the Transit Score would be valuable when assessing listings on REALTOR.ca.

The addition of the Transit Score coincides with the change in the implementation of the already popular Walk Score. Both scores will now be positioned in the new "Walk Score + Directions" tab, rather than at the bottom of the listing details page.

News

Aug. 15, 2014 | CREBNow

Afternoon news rundown

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300 Manning Road N.E.
Calgary, Alberta
T2E 8K4, Canada

 

CREB® acknowledges that its office is located, and that its REALTOR® members serve, on the traditional territories of the peoples of the Treaty 7 region and Métis Nation of Alberta, Region 3. We honour and acknowledge the members of the Métis community and specifically, the Métis Nation Region 3. In the spirit of reconciliation and because we are all treaty people, we also acknowledge all Calgarians who make our homes in the traditional Treaty 7 territory of Southern Alberta.


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