Clair J. Cote Jr. follows in father's historic footsteps by leading CREB® through 1974

When Clair J. Cote Jr. became CREB®'s president in 1974, Calgary was partway through a decade marked by unprecedented growth, both in business and real estate development.

The year prior, the Arab oil embargo set off the first global energy crisis, leading to efforts in Alberta to lessen the dependence on foreign oil. Calgary, where oil companies were headquartered, prospered.

For Cote, the 1970s stand out as a time in which his brokerage, which started in 1964, grew.

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.

-------

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.

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."

New museum provides perspective of just how far growing town has come

Gordon Davies's roots run deep in Cochrane.

His family moved to the area in the early part of the 20th century, while Davies himself is president of the Cochrane Historical & Archival Preservation Society (CHAPS).

The society, in fact, is behind the new Cochrane Historical Museum, which opened May 31 and was nearly two decades in the making, according to Davies.

"Unlike many towns, Cochrane has never had a museum dedicated to its local history," he said, noting CHAPS has been planning the museum since the society's inception in 1999.

*CREB®Now real estate news luxury feature*

Calgary has always had a flair for luxury living

Luxury comes in many shapes and sizes. Earlier this year, a penthouse unit in the Princeton Hall highrise at Eau Claire sold on MLS® for a record $4.4 million. A Priddis-area home, meanwhile set a provincial record in June when it went on the market for a cool $38 million.

Yet set amid today's multimillion-mansions and copious condos comes a reminder of just how far Calgary luxury housing market has come.

* photo courtesy CMLC

Calgary's past will blend with the future as the Calgary Municipal Land Corporation (CMLC) is installing five Sentinels at the corner of Sixth Street and Ninth Avenue S.E.

The Sentinels, made of heavy glass and concrete will depict historical Calgary figures, suspended from a steel framework.

Take a walk this weekend and learn a little, or a lot, about the city of Calgary.

The Calgary Foundation is hosting the seventh annual Jane's Walk May 2-4.

Jane's Walk is a global movement of free, locally led walking tours inspired by Jane Jacobs. Jacobs (1916-2006) was an urban writer and activist behind community-based approaches to planning.