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Stories Tagged - CREA
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.
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.
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.
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.
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 | 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.
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.
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.
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.
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.
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.
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.
