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Stories Tagged - MLS System

Shane Rennie and his wife are seasoned renovators, so they wanted a home with "great bones" they could put their personal stamp on. 
Andrea Cox / For CREB®Now

July 26, 2017 | Andrea Cox

A blank canvas

Shane Rennie is putting his renovation expertise to work on his family's new Scarboro home

Shane Rennie and his wife Nilo are seasoned renovators. Rennie owns Rectangle Design Inc., a design, build and renovation company, so he knows the business inside and out. And together, the couple has renovated more than a dozen of their own personal homes. They had been living in Marda Loop, but it was time for a change. They wanted a quieter neighbourhood, close to a great school, where they could raise their two children, who are eight and 10. They also wanted a home with great bones that they could put their personal stamp on. After almost a year of searching, they found a 1,400-square-foot, mid-century, split-level home on the ridge in the century-old neighbourhood of Scarboro and are currently in the midst of renovating.
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

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.

Residential resale housing activity declines in the province eased last month, falling by 3.8 per cent to 4,611 units.

Oct. 24, 2016 | CREBNow

Alberta home sale declines eased last month

Smallest year-over-year decline since 2014

Residential resale housing activity declines in the province eased last month, falling by 3.8 per cent to 4,611 units, according to the Alberta Real Estate Association.

The provincial organization noted September represented the smallest year-over-year decline since December 2014.

Meanwhile, the average MLS® residential price in Alberta rose 3.9 per cent from September 2015 to $396,646.

Former CREB® president Don Dickson said one of the biggest changes he's seen over the course of his real estate career is the number the different housing types now available. Photo by Michelle Hofer/for CREB®Now

Sept. 14, 2016 | Cailynn Klingbeil

55 Years of Calgary Real Estate: 2004 CREB® president Don Dickson

CREB® president was just one of many roles Don Dickson looks back on fondly

Don Dickson has held a variety of roles during his lengthy real estate career: Salesman, broker, business practices manager, and, in 2004, president of CREB®.

Through it all, his focus has remained the same.

"It's about helping members. That's been my number-one priority," Dickson said. "It's been a fabulous experience. You couldn't have a more fulfilling career. And I'm not done yet."

At a time when employment uncertainty had waned for years, 1995 CREB® president Wayne McAlister recalled there being hope on the horizon that year in the form of jobs. Photo by Michelle Hofer/For CREB®Now

Aug. 23, 2016 | Cailynn Klingbeil

55 years of Calgary Real Estate: 1995 CREB® President Wayne McAlister

Despite a challenging year, 1995 CREB® president Wayne McAlister chose to focus on the silver linings

A self-described "eternal optimist," Wayne McAlister still couldn't be blamed for looking back at 1995 with some degree of pessimism.

After all, as CREB®'s president that year, he oversaw Calgary's housing industry at a time when employment uncertainty had waned for years, resulting in weak consumer confidence and a painfully slow market.

"There was a downturn in the early '90s, with oil down – dramatically low – and the whole economy was feeling the pinch," he said. "(By 1995), we were still experiencing an economic downturn. There was some good, some bad that year."

May 18, 2016 | CREBNow

Calgary housing prices to decline further: report

CMHC report forecasts buyers' conditions will continue in 2016/17

Calgary housing prices will continue to decline in 2016, according to Canada Mortgage and Housing Corp. (CMHC), which predicts the average MLS® residential price in the city will range between $444,500 and $449,500, compared to $453,814 in 2015.

In its semi-annual housing market outlook, released today, CMHC also said it detected moderate evidence of overvaluation as house prices have not been fully supported by economic and demographic fundamentals.

In 2017, house prices in the resale market are anticipated to gradually stabilize as the market shifts to more balanced levels. Improvements in economic conditions and housing demand combined with less supply will help support home prices, said CMHC.

The MLS® average residential price in 2017 is forecast to range from $450,400 to $455,600.

May 17, 2016 | Jamie Zachary

Story in the making

Over the past five decades, Calgary's real estate industry has been bare to it all – from double-digit interest rates to densification. Starting today, CREB®Now will weave together an incredible narrative of how the local housing industry has evolved through the unique perspectives of CREB®'s 30 remaining past presidents.

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Change can be hard.

It can be messy.

It can be painful.

But it can also be necessary.

And with perspective, it can be the best thing that ever happens.

Roy Wilson, who served as CREB®’s president in 1961, remembers everything being smaller back then – the city, the industry and the board. Photo by Michelle Hofer/For CREB®Now

May 06, 2016 | Cailynn Klingbeil

55 Years of Real Estate: 1961 CREB® president Roy Wilson

Real estate industry has undergone monumental shift, says CREB®'s longest-tenured past president

When Roy Wilson describes the early days in the 1950s in which he got his start in real estate, it quickly becomes clear just how much Calgary and the real estate industry has changed in one lifetime.

"I've seen lots of ups and downs," said Wilson, who headed up CREB®'s board of directors in 1961, officially making him the organization's longest-tenured past president.

In fact, he describes today's market as "taking a kick in the teeth" but, adds confidently, "it's going to turn around."

According to CMHC, the total number of home completions in the Calgary region for January and February combined was up, but absorption is down . CREB®Now file photo.

April 01, 2016 | Mario Toneguzzi

Trickle-down effect

New home industry to impact inventory, prices

Homebuyers could be in for more good news over the next several months as industry experts predict oversupply from the new home industry will create more selection and overall price softness.

"With the number of units still under construction, we do expect inventories to continue moving higher in the next couple of months," said Richard Cho, market analyst in Calgary for Canada Mortgage and Housing Corp. (CMHC). "I think the impact that would have on the overall housing market and the resale market is more choice for buyers."

Cho added the number of units still under construction remains elevated, which will lead to the rise in inventory levels.

Morning News Rundown

Jan. 16, 2014 | CREBNow

Morning News Rundown

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