The province is looking for a new real estate regulator. In fact, the Alberta government is primed to fire all board members who regulate the real estate industry provincially, citing dysfunction and infighting. The province is disbanding the board and appointing an interim administrator until a new board is formed. The minister responsible for Service Alberta said the Real Estate Council of Alberta (RECA) is rife with problems that have gone on for too long without possible solutions.
Homebuyers and sellers in the Calgary area will now have the opportunity of getting the best price on their purchases. A Calgary-based company has come out with a product to help those searching for their next real estate deal to easily access data that may help them to get a fair price for their next homes. Information includes the last sale price of all Calgary residential properties.