Pair Stabilized

Calgary Real Estate Investment guideline

The Calgary Real Estate Board is a non-profit, voluntary membership organization with more than 5,500 licensed brokers and associates. A non-profit organization formed to serve the more than five thousand real estate professions in Canada is the Calgary Real Estate Board. The Calgary Real Estate Board is a voluntary membership-fee based organization. Their primary function is the maintenance of the MLS (Multiple Listing Service). The MLS allows members immediate access to all the latest information on available properties.

The Calgary Real Estate Board was originally conceived in the 1920s, and registered under the Statutes of Alberta on March 20, 1929. The organization was relatively inactive until 1943, when Mr. Kennett Lyle sought to revive the board in hopes of better serving its members and to further promote the real estate business. At that present time, there were no other professional groups for real estate agents. 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. They also set a membership fee schedule, $5 for active members and $2 for an associate membership.

In addition to the MLS, The Calgary Real Estate Board provides the public with information on buying and selling their property. They accomplish this mainly through their free weekly publication Real Estate News. This magazine combined with their monthly ‘Home to Home’ publication provides the general public with an extensive overview of the real estate market along with many in-depth and educational articles.

The Calgary Real Estate Board lists on their MLS more than 90% of the properties available in the Calgary and surrounding areas. This wide coverage allows the seller greater exposure and the buyers more choices, conveniently located in one state-of-the-art system. By representing more than 260 member offices, the Calgary Real Estate Board is able to quickly put buyers and sellers together.

The Calgary Real Estate Board also keeps an eye on trends and related economic concerns for its members. Recently, the Calgary Real Estate Board forecasts that prices for single family homes would see a drop this year as price trends have stabilized. 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. However, the Calgary Real Estate Board does not expect this drop to last too long. Their predictions for a 10% increase in home prices are expected to occur in early 2010.

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