REALTOR® Story of the Week: Lee Edwards

Brokerage: MaxWell Canyon Creek

In the fall of 2016, a fellow named Athar Alvi came into my office in Bragg Creek. He said that he had recently been let go from his job in Fort McMurray and decided to use his severance package to fund a dream he has always had – to be a movie director and producer. He had written a script and hired a professional cameraperson and a couple of professional actors. He had started filming and was looking for a location to shoot a certain scene. He asked if I knew of a place in the Bragg Creek area that would work. I told him “Yes, I do. Let me make a call.” The call was successful, introductions were made, and everything worked out.

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REALTOR® Q&A

You asked, we answered

The people have spoken! We asked you for your most pressing real estate questions, then threw them to our expert panel of experienced REALTORS®: John Hripko (Royal LePage Benchmark), Laura O’Connell (RE/MAX House of Real Estate), Sam Crick (RE/MAX Realty Professionals) and David P. Brown (The Real Estate Company Ltd.). (more…)

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Clearing the air

CREA voices concerns about home cannabis cultivation

As Bill C-45 continues its journey through the different levels of Parliament, the Canadian Real Estate Association (CREA) presented some feedback on how the legalization of cannabis would affect homeowners.
“We’ve heard from homeowners and tenants across the country who are worried about living beside grow-ops,” said CREA president Barb Sukkau.

“What does this do to their home value? Will this increase their rent? How safe will their kids be? Will their quality of life diminish because of the prevalence of drugs in their neighbourhood? These are all concerns that need to be considered before the passing of Bill C-45.”

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Lending conditions weigh on housing demand

May sales activity continued to ease, with the largest declines occurring in the detached sector. Additional gains in new listings continued to increase inventory levels.

Citywide sales activity in May totalled 1,726 units, 19 per cent below last year’s levels and 24 per cent below longer-term averages. Sales activity in the detached sector declined to levels not seen in over a decade.

“The impact of rising lending rates and stricter qualification levels is causing demand to ease across all product types,” said CREB® chief economist Ann-Marie Lurie.

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