2013 Industry News

Calgary's monthly growth rate in house prices was the best in Canada for repeat home sales, according to the Teranet-National Bank Composite House Price Index. Prices in Calgary were up 2.3 per cent in May from the previous month. Click here to read more.

Condo sales in the City of Calgary continued to grow in May, a sign of a desire for a more urban lifestyle, as Calgary continues to evolve as a major metropolitan market. Click here to read more.

Lloydminster played host to a meeting of representatives of AREA, ASR, MREA and CREA last week, a meeting where communication between all of the associations was front and centre. Click here to read more.

Calgary's resale housing market set a number of records in May, including median and average sale prices in the single-family market, and total residential sales for the city. Click here to read more.

The Financial Consumer Agency of Canada has recently updated their publciation on renewing and renegotiating mortgages. It contains a number of tips that could prove valuable for your clients down the road. Click here to read more.

According to a survey done by Manulife Bank of Canada, 60 per cent of Alberta homeowners report having less debt than they did 12 months ago. Click here to read more.

Legislation governing condominiums has been passed to help protect bare land condo owners from large assessments to repair and maintain managed property. Click here to read more.

Home sales for April in Medicine Hat remained fairly steady compared with last year, a sign of stablity in the market. Click here to read more.

After a longer winter season than is typical for the Calgary area, the country residential real estate market can expect to see an increase in activity similar to the city and surrounding towns. Click here to read more.

Calgary established a record for sales of homes for more than $1 million in the month of April. 65 luxury homes sold during the month, an increase of 38 per cent from one year ago. Click here to read more.

While home prices slipped in the month of April in the city of Edmonton, prices were still up 2 per cent from one year ago, according to stats released by the REALTORS® Association of Edmonton. Click here to read more.

The benchmark price of single-family homes in the city of Calgary reached a record high of $452,900 in the month of April. Click here to read more.

In a Globe & Mail article, Ricky Chadha, a broker in Ontario, provides excellent insight into the value a REALTOR® brings to a transaction. Click here to read more.

CREB®'s 2nd Annual Networking on Tap event will be taking place on Wednesday May 8th in Calgary. Click here to learn more.

RE BarCamp YYC, the real estate 'unconference' takes place on Wednesday, May 1st at the Wainwright Hotel in Heritage Park. Read more, including how to register.

Calgary's luxury home real estate market continues to climb, with the 74 properties sold for over $1 million in March representing the highest level ever recorded for the month and the second highest monthly sales overall. Click here to read more.

Average residential sale prices in the Edmonton metropolitan area rose more than 4 per cent year-over-year in March, with reduced inventory a large contributing factor in the increase. Click here to read more. 

REM Magazine looks at the advantages of social media in real estate through the experiences of two REALTORS® from Ontario. Click here to read more.

Less resale product on the market is pushing prices upward in Calgary, with resale homes selling in less time with less inventory available. Conversely, the reduced inventory means limited sales growth as well. Click here to read more.

Service Alberta's consultation on changes to the Condominium Property Act has received great attention over the last several weeks. An Edmonton Journal article looks at some circumstances where changes to the Act could potentially help condo owners and others in the industry. Click here to read more.

Service Alberta has extended the deadline for public responses to its review of the Condominium Property Act by one month to May 2nd. Click here to read more.

The average price for a single-family detached home in Edmonton surpassed the $400,000 barrier in February, according to statistics released by the REALTORS® Association of Edmonton. Click here to read more.

With economic growth in Calgary quite strong, the housing market is seeing positive momentum, according to a report from TD. Click here to read more.

In addition to forming an expert panel to gather input on how to address health and safety concerns and criminal activity related to grow operations, the Government of Alberta is seeking input from the public through a new online survey. Click here to read more.

Realty Executives Devonshire Lethbridge, in cooperation with Ellie Peters/Canada First Mortgage and Center Village Mall, recently completed their '12 Months of Giving' campaign, bringing awareness to a number of different charities in the community. Click here to read more.