2014 Industry News

For media releases and additional resources, click here

The Lethbridge & District Association of REALTORS® Charity Golf Tournament will raise money to support the YMCA of Lethbridge Strong Kids Campaign.
Alberta's New Home Buyer Protection Act takes effect February 1st, requiring all home builders to provide warranty coverage on new homes built in the province. Click here to read more.
A low inventory of active listings combined with increased sales pushed Calgary home prices upward again in November. Click here to read more.
A new tribunal system will help condominium owners have disputes heard for a reasonable fee, the provincial government announced on Monday. Click here to read more.
45 MLS® sales of $1 million or more have taken place in September, surpassing the September record of 44 set in 2011. Click here to read more.
REALTORS® across Canada gave a reported $30.6 million to charity in 2012, illustrating their generosity in supporting the causes that are closest to their hearts. Click here to read more.
Not even the worst floods in memory will be enough to restrain Alberta's economy this year, according to an RBC Economic Provincial Outlook report. Click here to read more.
Prices in Calgary were up nearly 7 per cent year-over-year in the month of July, more than doubling the national price growth of just over 2.5 per cent. Click here to read more.
The Government of Alberta has altered its plans to tag the land titles of homes in flood zones, if property owners follow the mitigation steps put in place by the province. Click here to read more.
A move by the Canada Mortgage and Housing Corporation (CMHC) to limit guarantees it offers banks and other lenders on mortgage-backed securities could drive up mortgage rates as lenders have to take on more risk themselves. Click here to read more.
Calgary's luxury home market posted record sales in July, with 70 sales of $1 million or more over the course of the month. Click here to read more.
Edmonton REALTOR® Jeremiah Townsend discusses the Province of Alberta's new rules for building on flood plains, and the impact those rules will have on individuals and families with existing homes in these areas. Click here to read more.
The Airdrie real estate market saw a slower month in June, with listings and average sale price both seeing a decrease from May. Click here to read more.
In St. Albert, the month of June saw a year-over-year increase of 55 per cent in sales of single-family homes. Click here to read more.
Condos were the biggest gainers in price in the Edmonton region in the month of June, according to statistics from the REALTORS® Association of Edmonton. Click here to read more.
Mario Toneguzzi of the Calgary Herald speaks to real estate experts on the possible impacts of the flooding crisis in Southern Alberta on the Calgary real estate market. Click here to read more.
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.
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