Posts Tagged ‘calgary real estate investment’
Real estate profession markets in Canada
The Calgary Real Estate Board is a non-profit, voluntary membership organization with more than 5,500 licensed brokers and associates. The Calgary Real Estate Board was formed to serve the needs of professionals in the real estate business. The goal of the Board is to provide assistance, including the MLS (Multi-List Service) to their members and clients. The MLS is an important tool used in the buying and selling of real estate.
The Calgary Real Estate Board was originally conceived in the 1920s, and registered under the Statutes of Alberta on March 20, 1929. Throughout the 1930’s and until the early 1940’s the group was fairly dormant, when Mr. Kennett Lyle a real estate professional took an interest in revitalizing the board to help serve the needs of the real estate professionals. At the time there was no other professional organization representing the needs of realtors in the Calgary area. One of the earlier Presidents, Mr. Clair J. Cote, Sr. was elected as chairman and Lyle as secretary. They also elected 5 members to chair a committee to re-write the constitution and by-laws. The Board at that time charged a fee of $5 to active members and $2 to associates.
In addition to the MLS, The Calgary Real Estate Board provides the public with information on buying and selling their property. One venue they use is their weekly publication, Real Estate News. Another publication used to reach out to their members and the public is their monthly magazine, Home to Home, which contains a series of tips, helps and articles to better inform their readers on the current real estate market.
The Calgary Real Estate Board lists on their MLS more than 90% of the properties available in the Calgary and surrounding areas. The nature of this advanced technology gives the sellers more potential buyers and the buyers more options in property selection and price. By representing more than 260 member offices, the Calgary Real Estate Board is able to quickly put buyers and sellers together.
Another mission of the Calgary Real Estate Board is to apprise members of current trends in the real estate market and overall economy. One of these recent trends, as mentioned by The Calgary Real Estate Board, is the potential drop in selling prices for the upcoming year. The board has indicated that this recent trend will cause a drop of as much as $10,000 on an average selling price. This drop could be an economic boost for the sagging real estate market, as buyers will realize discounts. Nevertheless, the Calgary Real Estate Board expects this tend to be short-lived and expects home prices to rise about 10% by the end of 2009.