30 Years of HOPE

CREB®’s Charitable Foundation celebrates 30th anniversary

Most will gift pearls to celebrate their 30-year anniversary, but CREB®’s Charitable Foundation is going the more practical route with a gift of $300,000 to support local non-profits through its Investing in HOPE program.

Since 1987, the Charitable Foundation has contributed more than $6 million to more than 150 non-profit organizations in the community.

“The Investing in HOPE program is so special for so many reasons,” said Aneve MacKay-Lyons, manager of CREB®‘s Charitable Foundation.

“Our 30-year legacy has helped numerous charities and with this being one of our biggest funding initiatives ever, we’re about to be a part of something incredibly impactful for local families and the community.”

(more…)

Read More

Alberta sees increase in home renovation spending during first quarter of 2017

The number of Albertans spending money on renovations for their existing homes and recreational properties is on the rise.

According to Statistics Canada, investment in home renovations in the first quarter of 2017 hit a record high of $1.78 billion. A release from ATB Financial’s Economics and Research Team says this is close to double the spending a decade ago.

Todd Hirsch, chief economist with ATB Financial, says he was surprised by the data for the first three months of this year.

“The increase that we saw in late 2016 and the first quarter of this year can be attributed to the rebuild in Fort McMurray (from last year’s wildfires) because not every house was destroyed, which we tend to focus on.” he said. “There were also many, many homes that needed to be renovated.”

(more…)

Read More

A steady spring

Demand for detached housing continues to rise

The detached housing market continues to lead the way in Calgary’s slow but steady recovery from a two-year recession. It is the fourth consecutive month of price increases in this segment of the market.

For the first time since June 2015, prices for detached homes did not decline on a year-over-year basis. Unadjusted detached benchmark prices reached $509,000 in May – one per cent higher than last month and levels recorded last year.

Detached sales improved across all price ranges and represented 65 per cent of all Calgary sales in May, the highest level since 2012. The largest detached sales growth occurred in the $600,000 – $999,999 range.

(more…)

Read More

Commute conundrum

Although workplaces are scattered all across the city, a large number of Calgarians still work in the downtown core. These people all end up in the same place at the end of their morning commute, but their methods of transportation, and the time it takes them to get to work, vary wildly depending on their starting point. CREB®Now talked to a number of downtown commuters from different parts of the city to find out how they get downtown, how long it usually takes and what they like or dislike most about their commute. (more…)

Read More

How to pick a REALTOR®

Eighteen questions you should ask a Realtor before hiring

Buying or selling a home is likely the biggest transaction people will make in their lives.

For example, the average MLS® System sale price in Calgary, as of the end of April, was close to half a million dollars.

Whether you’re a buyer or a seller, finding the right REALTOR® can be a daunting task. There are many to choose from; CREB® has more than 5,400 registered Realtors serving Calgary and surrounding areas. It’s important to select a Realtor who can meet your needs, especially when you consider the stakes.

(more…)

Read More