calgary real estate board
The Calgary Real Estate Board was formed to serve the needs of professionals in the real estate business. The goal of the Board is to provide assistance, including the MLS (Multi-List Service) to their members and clients. The MLS allows members immediate access to all the latest information on available properties.
Orignating in the early 1920s, The Calgary Real Estate Board was registered in March 1929 in accordance to the Statutes of Alberta. The organization was relatively inactive until 1943, when Mr. Kennett Lyle a real estate professional took an interest in revitalizing the board to help serve the needs of the real estate professionals. 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. The board also put together 5 committee members to rewrite the organization’s constitution. The Board at that time charged a fee of to active members and to associates.
Although the MLS is their primary mission, the Calgary Real Estate Board also serves to provide the public and agents with up to date info on buying and selling real estate. One venue they use is their weekly publication, Real Estate News. Another publication used to reach out to their members and the public is their monthly magazine, Home to Home, which contains a series of tips, helps and articles to better inform their readers on the current real estate market.
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.
Another mission of the Calgary Real Estate Board is to apprise members of current trends in the real estate market and overall economy. Recently, the Calgary Real Estate Board forecasts that prices for single family homes would see a drop this year as price trends have stabilized. After realizing rising prices for the last 3 years, it is expected the average sales price for a home in Calgary will drop between 00 and 00. This could ignite the market that has remained slightly stagnant the past 6 months. 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.