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. 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. The nature of this advanced technology gives the sellers more potential buyers and the buyers more options in property selection and price. Because they represent over 260 member offices, The Calgary Real Estate Board can quickly pair up buyers and sellers.

Another mission of the Calgary Real Estate Board is to apprise members of current trends in the real estate market and overall economy. One of these recent trends, as mentioned by The Calgary Real Estate Board, is the potential drop in selling prices for the upcoming year. After realizing rising prices for the last 3 years, it is expected the average sales price for a home in Calgary will drop between $8000 and $9000. 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.




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