This coming Monday members of Calgary’s Real Estate Board will be attending a meeting at Spruce Meadows. Leading representatives of the residential end of the market will be there to discuss what the future may look like for their industry.
Calgary Real Estate Board president Bob Jablonski noted that this would be an important gathering. On the table are discussions about how the industry is seeing such rapid change as far as how and where real estate is being sold. Nowadays, instead of going to a real estate agent to check out properties, all one needs to do is go online and start searching, and that is a concern. Organized real estate is not playing as much of a role as it did just a short time ago.
Jablonski and others in the field are concerned about the future of the industry. The meeting will be a venue to discuss how the organized real estate community can regain control of their own future. Waiting out the technology curve for the next five or ten years is not an option. Jablonski hinted this could be a defining moment for those in southern Alberta’s real estate industry.
Calgary’s organized real estate industry does quite a bit of business in this part of the country. During the first nine months of 2012, 21,837 sales were recorded through the MLS system. That is a 19.92 percent increase over the same period in 2011. That added up to nearly $9.3 billion in sales, a 21.97 percent increase from last year.