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Edmonton Real Estate Market Update: February 2025 Trends

The Edmonton real estate market is constantly evolving, and February 2025 is no exception. Whether you’re a homebuyer, seller, or investor, understanding the latest trends can help you make informed decisions.

1. Home Prices & Sales Activity

Single-family homes saw a moderate price increase due to strong demand in desirable neighborhoods like Windermere, Terwillegar, and the University area.

Condo sales remain stable, with affordable options attracting first-time buyers.

Inventory levels are slightly higher than last month, giving buyers more choices.

2. Interest Rates & Market Impact

With mortgage rates hovering around 5-6%, affordability remains a key factor.

Buyers are more strategic, focusing on move-in-ready homes and competitive pricing.

3. Seller & Buyer Tips

Sellers: Invest in staging, professional photography, and strategic pricing to stand out.

Buyers: Be prepared with pre-approval and move quickly on well-priced homes.

Final Thoughts

The Edmonton housing market remains strong, with great opportunities for both buyers and sellers. If you're considering a move, having an experienced agent by your side makes all the difference.

Contact Nooran Ostadeian today for expert advice and personalized real estate solutions.

Keywords: Edmonton real estate market update, home prices in Edmonton, real estate trends 2025, buying a home in Edmonton, selling a home in Edmonton.

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Housing Interest Rate Forecasts

Housing and Interest Rate Forecasts for 2025

As we reflect on 2024, Canada’s housing and mortgage markets demonstrated resilience amidst a challenging economic environment. The Bank of Canada’s pivot to interest rate cuts after two years of hikes provided much-needed relief to borrowers, stabilizing the housing market with moderate gains in home sales and prices across the country.

However, recovery was uneven, with many mortgage holders still grappling with elevated borrowing costs and persistent challenges in housing supply. As we look ahead to 2025, optimism is tempered with caution. Here’s what leading economists and analysts predict for Canada’s housing market and interest rates:


Real Estate Market Outlook

2025 housing market forecasts

Canadian Real Estate Association (CREA)

  • Home Sales Forecast: 499,816 (+6.6% year-over-year)

  • Home Price Forecast: $713,375 (+4.4%)

  • Commentary: CREA anticipates a gradual improvement in home sales, with a sharper rebound in spring 2025. While the market may remain stable in early 2025, momentum is expected to strengthen by mid-year.

  • Source

Royal LePage

  • Q4 2025 Home Price Forecast: $856,692 (+6% year-over-year)

  • Commentary: A backlog of eager buyers, coupled with changes in mortgage lending rules, will drive demand. The Bank of Canada’s recent rate cuts are expected to boost buyer confidence, with significant activity forecast for late 2025.

  • Source

Re/Max

  • National Average Price Increase: +5% year-over-year

  • Commentary: Re/Max predicts a more active housing market in 2025, with sales increasing in most regions surveyed. Average residential prices are expected to rise, bolstered by easing interest rates.

  • Source

RBC Economics

  • Home Resales Forecast: 518,400 (+12.5% year-over-year)

  • Home Price Forecast by Q4: $809,900 (+1.6%)

  • Commentary: RBC expects gradual price appreciation as affordability improves. Further rate cuts are anticipated to encourage buyers sidelined by higher costs.

  • Source

TD Economics

  • Home Sales Growth: +15.8%

  • Home Price Growth: +8%

  • Commentary: Falling borrowing costs and sustained economic growth are expected to propel the market forward. Changes to mortgage rules implemented in late 2024 will further enhance demand.

  • Source


Interest Rate Forecasts

The Bank of Canada’s rate cuts in 2024, totaling 175 basis points, set the stage for continued easing in 2025. Economists predict a cautious approach, with the overnight rate likely falling to between 2.00% and 3.00% by mid-2025, depending on inflation and economic performance.

Fixed Mortgage Rates

Bond yields, which heavily influence fixed mortgage rates, are expected to remain steady, hovering around 3.00%. This stability will likely provide predictability for fixed-rate mortgage borrowers.

Variable Mortgage Rates

Variable-rate loans should see further reductions as the central bank continues to ease monetary policy. Borrowers can expect incremental relief throughout 2025.

Key Takeaways

  1. Modest Market Growth: Housing sales and prices are forecast to increase, driven by improved borrowing conditions and renewed buyer confidence.

  2. Rate Relief: Continued rate cuts will offer relief, but affordability challenges remain, particularly in high-demand urban markets.

  3. Policy Impacts: Changes to mortgage lending rules are expected to enhance affordability and stimulate demand.

Here are the latest interest rate and bond yield forecasts from the Big 6 banks, with any changes from their previous forecasts in parenthesis:

While 2025 holds promise for Canada’s housing market, ongoing supply constraints and affordability issues will remain focal points for policymakers, buyers, and sellers alike. As the market evolves, staying informed will be key to navigating opportunities and challenges in the year ahead.

Conclusion

The Canadian housing market in 2025 offers a cautiously optimistic outlook, with growth anticipated in sales and home prices driven by lower interest rates and renewed buyer confidence. However, affordability and supply constraints will continue to shape market dynamics. As your trusted real estate professional, I am here to provide insights and guidance tailored to your needs. For personalized advice and expert market knowledge in Edmonton’s real estate landscape, contact Nooran Ostadeian at RE/MAX Elite.

📞 Call/Text: 780-953-0723
🌐 Visit: realtyedmonton.ca | nooranrealty.com
📍 Office: 5083 Windermere Boulevard SW #302, Edmonton, AB T6W 0J5

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Greater Edmonton Area Housing Market Update – November 2024

December 03, 2024 MARKET STATISTICS

Edmonton, December 3, 2024: The Greater Edmonton Area (GEA) real estate market experienced a seasonal slowdown in November 2024, with 1,920 residential unit sales recorded—a 22.8% decrease from October 2024 but 18.4% higher than November 2023.

New residential listings totaled 2,114, marking a 27.9% drop from October but a slight 1.4% increase compared to last year. Inventory levels also decreased, down 12.1% month-over-month and 17.3% year-over-year, reflecting tighter market conditions.

Sales Breakdown by Property Type

  • Detached Homes: 1,138 sales, a 20.5% decrease from October but 23.6% higher than November 2023.

  • Semi-Detached: Sales dropped 27.8% month-over-month but remained 18.0% higher than last year.

  • Row/Townhouses: Sales declined 23.2% from October yet increased 18.0% year-over-year.

  • Apartment Condominiums: Sales slowed 27.3% month-over-month but stayed 3.1% higher year-over-year.

Average Prices

  • Overall Residential Average: $436,401, down 0.9% from October but up 14.7% year-over-year.

  • Detached Homes: $540,320, a 2.3% decrease month-over-month but 12.8% higher than November 2023.

  • Semi-Detached Homes: $411,469, up 1.1% from October and 13.3% higher year-over-year.

  • Row/Townhouses: $288,176, a 6.4% drop month-over-month but 6.0% higher than last year.

  • Apartment Condominiums: $200,266, up 4.5% from October and 17.0% higher than November 2023.

The MLS® Home Price Index (HPI) composite benchmark price came in at $402,100, reflecting a small 0.3% month-over-month decrease and a 7.9% increase compared to last year.

Days on Market

The average days on market increased slightly across all property types:

  • Detached Homes: 41 days (+3 days).

  • Semi-Detached: 32 days (+3 days).

  • Row/Townhouses: 37 days (+2 days).

  • Apartment Condominiums: 48 days (+3 days).
    Overall, residential listings averaged 41 days on the market, up four days month-over-month but down five days year-over-year.

REALTORS® Association of Edmonton Board Chair Melanie Boles commented, “The numbers reflect that the housing market is ready for its winter break while buyers and sellers focus on the holidays. With early whispers of a busy spring market in 2025, now is the time for savvy property owners and investors to engage a REALTOR® and start making plans for the year ahead.”

As the year winds down, the market remains stable, with encouraging year-over-year growth and balanced conditions as we head into the new year.

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Unlock the Potential of Your Home with New Mortgage Insurance Rules for Secondary Suites

As a top-awarded Edmonton realtor passionate about helping homeowners maximize their property investments, I’m excited to share game-changing news for Canadian homeowners. Starting January 15, 2025, new mortgage insurance rule changes will make it easier to add secondary suites to your property. These changes, announced by the Department of Finance Canada, offer incredible opportunities to increase home value, generate rental income, and enhance housing options for the community.

What Are the New Rules?

The federal government’s updated mortgage insurance rules are designed to encourage densification and empower homeowners to convert underutilized spaces into legal rental units. This could mean transforming your basement, converting your garage into a laneway home, or adding a new self-contained suite—all while easing the financial burden with insured refinancing.

Key Parameters for Homeowners:

Here’s what you need to know about qualifying for this new insured mortgage refinancing program:

  1. Eligible Borrowers:

    • Must already own the property.

    • Must occupy one of the current units or have a close relative living there.

    • Must plan to build fully self-contained units (e.g., basement suites with separate entrances or laneway homes).

  2. Restrictions on Use:

    • New units cannot be used as short-term rentals; they must serve as long-term housing solutions.

  3. Property and Loan Guidelines:

    • Maximum property value, after improvements, must be under $2 million.

    • Loan-to-value ratio can be up to 90% of the property’s improved value.

    • Financing cannot exceed project costs.

    • Maximum amortization is 30 years.

  4. Effective Date:

    • These rules apply to applications submitted to mortgage insurers on or after January 15, 2025.

Why Does This Matter for Edmonton Homeowners?

Edmonton, with its growing population and need for more housing options, is an ideal city to take advantage of these changes. Adding a secondary suite to your property can:

  • Boost Property Value: Converting underutilized spaces into rentable units significantly increases your home’s market value.

  • Generate Rental Income: Create a steady income stream by renting out your new suite.

  • Support Aging in Place: For seniors, secondary suites provide a source of income while allowing them to stay in their homes.

  • Increase Housing Options: Help address the housing shortage in Edmonton by providing affordable rental units.

How Can I Help?

As a trusted Edmonton real estate expert, I’m here to guide you through the opportunities these new rules provide. Whether you’re considering a secondary suite to maximize your property’s potential or looking for a home with multi-unit options, I’m ready to assist you every step of the way.

Plan Ahead for January 15, 2025

With these new rules taking effect soon, now is the perfect time to explore your options. Get in touch with me to learn how you can:

  • Evaluate the feasibility of adding a secondary suite to your home.

  • Navigate the municipal zoning requirements.

  • Maximize your refinancing options under these new rules.

Make Your Home Work Harder for You

Don’t miss out on this unique opportunity to unlock the full potential of your home. Contact me today for personalized advice on leveraging these new mortgage insurance rules to enhance your property’s value and income potential.

Together, we can transform your property into a powerful investment for the future.

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Edmonton Real Estate Market Update: November 20–26, 2024

Edmonton Real Estate Market Update: November 20–26, 2024

The latest data from the REALTORS® Association of Edmonton provides valuable insights into the city's real estate market activity over the past week. Here's a snapshot of the trends:

  1. Unit Sales: There were 479 residential unit sales, reflecting a 9% increase compared to the previous week. This uptick indicates strong buyer activity, possibly driven by favorable market conditions or seasonal demand.

  2. New Listings: New residential listings totaled 466, marking a 7% decrease from the prior week. This decline could suggest a tightening inventory, which may lead to increased competition among buyers.

  3. Average Price: The average residential price rose to $429,000, a 1% increase from last week. This consistent growth highlights a steady demand for homes in Edmonton.

  4. Median Price: The median price sits at $410,000, representing a 2% decline compared to the previous week. This slight drop might indicate a shift in buyer preferences toward more affordable properties or a balanced correction in the market.

Key Takeaways:

  • The Edmonton market continues to show resilience with increasing unit sales and stable pricing.

  • The decrease in new listings may lead to a competitive environment for buyers in the coming weeks.

  • A slight decline in median prices suggests opportunities for buyers seeking affordable homes.

Overall, these trends reflect a robust market with opportunities for both buyers and sellers. If you're considering entering the Edmonton real estate market, now might be the right time to act! For personalized advice, reach out to your trusted REALTOR®.

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Why Edmonton Real Estate Is a Great Investment

Hot Real Estate Market and Low Inventory in Edmonton, Alberta

The Edmonton real estate market is heating up, and it shows no signs of cooling down anytime soon. For homebuyers and sellers alike, understanding the dynamics of this sellers market in Edmonton is critical to making informed decisions. Low inventory and high demand have created a competitive environment where quick sales, multiple offers, and rising prices are the norm. Here’s what you need to know about this hot real estate market in Edmonton, Alberta.

Why Is the Edmonton Real Estate Market So Hot?

Several factors are contributing to the current state of the Edmonton real estate market. From favorable interest rates to increased interest from out-of-province investors, Edmonton homes for sale are in high demand.

1. Low Inventory Spurs High Competition

The Edmonton real estate market is experiencing historically low inventory levels. Simply put, there are not enough homes for sale to meet the needs of eager buyers. This imbalance is pushing house prices higher as buyers compete for the limited properties available. Many homes are selling above asking price, often within days of being listed.

2. Out-of-Province Investors Are Snapping Up Properties

Edmonton’s relatively affordable house prices compared to cities like Toronto and Vancouver are drawing the attention of real estate investors from across Canada. These investors are eager to capitalize on Edmonton’s growth potential, buying properties to rent or hold for long-term gains. Their presence further tightens the already limited inventory, making it even more challenging for local buyers to find homes.

3. Employment Migration to Edmonton Drives Demand

Edmonton’s strong economic growth and job opportunities are attracting people from other provinces. As more individuals and families move to Edmonton, they are searching for affordable homes, adding to the demand. This trend is expected to continue as Alberta’s economic outlook remains one of the most promising in the country.

What Does This Mean for Home Sellers in Edmonton?

For home sellers, this is an ideal time to take advantage of the hot Edmonton real estate market. With high demand and low inventory, sellers are often receiving multiple offers, sometimes well above the asking price. Homes in desirable neighborhoods are selling quickly, making it an exciting time for those ready to list their properties.

If you’re considering selling your home in Edmonton, working with an experienced REALTOR® can help you maximize your listing price and navigate this competitive market. Edmonton REALTORS® are well-versed in market trends and can provide expert advice on pricing and preparing your home for sale.

Challenges for Homebuyers in Edmonton

While this market is great for sellers, it presents unique challenges for homebuyers. Low inventory and intense competition mean that buyers need to act quickly when they find a home they like. Be prepared to pay over the asking price and face multiple competing offers.

For buyers, patience and preparation are key. Work with a knowledgeable REALTOR® who can help you stay ahead of new listings and negotiate effectively in a competitive environment.

Why Edmonton Real Estate Is a Great Investment

Edmonton remains one of the top cities in Canada for real estate investment. Despite the competitive market, house prices in Edmonton are still relatively undervalued compared to other major cities. This creates an opportunity for savvy buyers and investors to secure properties with long-term growth potential.

With increased demand driven by employment migration and investment interest, Edmonton’s housing market is poised for stable price growth in the coming years. Now is the time to capitalize on Edmonton’s affordability and strong market fundamentals.

Ready to Navigate the Edmonton Real Estate Market?

Whether you’re selling a home in Edmonton or searching for your dream property, understanding the current market conditions is essential. Low inventory, high demand, and competitive offers define the Edmonton real estate market today. For expert advice and assistance, connect with a trusted Edmonton REALTOR® who can guide you through this fast-paced market.

If you’re ready to take advantage of this sellers market in Edmonton or want to explore Edmonton real estate listings, contact us today. Let’s make your real estate goals a reality!

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Edmonton: Canada’s Most Affordable Urban Real Estate Market

Edmonton Real Estate Market: Resilience and Opportunity Amid Economic Recovery

The Canadian economy has endured significant challenges since the onset of the COVID-19 pandemic. While the nation faced waves of economic uncertainty, key sectors like real estate have proven instrumental in driving recovery. The Edmonton real estate market, in particular, has shown resilience and promise, offering opportunities for both buyers and sellers in one of Canada’s most affordable urban housing markets.

Edmonton: Canada’s Most Affordable Urban Real Estate Market

Despite national economic disruptions, the Edmonton real estate market remains a standout for affordability and stability. According to the REALTORS® Association of Edmonton, total residential unit sales in October surged by 26.34% year-over-year. Average residential prices rose by 7.97% to $382,060, driven by strong sales in single-family homes, condos, and duplexes.

The market has struck a unique balance, making it attractive to buyers searching for affordable homes and sellers benefiting from rising prices. Inventory in the Edmonton area fell by 12.10% year-over-year, while new residential listings increased by 14.75%, reflecting heightened demand amid historically low interest rates.

Low Interest Rates Fueling Demand in Edmonton

One of the primary drivers of Edmonton’s real estate success is Canada’s historically low interest rates. The Bank of Canada slashed rates to 0.25% earlier in 2020, making borrowing more affordable for homebuyers. This monetary policy has created a favorable environment for first-time buyers, investors, and families upgrading to larger homes. The Edmonton housing market continues to thrive under these conditions, positioning itself as a top choice for real estate investment.

Stable Property Taxes Add to Edmonton’s Appeal

Edmonton homeowners have enjoyed stable property taxes compared to other major Canadian cities. In 2020, property taxes rose by only 2.7%, significantly lower than the 13% hike seen in Calgary. This fiscal prudence has made Edmonton even more attractive to buyers looking for long-term affordability and value in their investments.

A Promising Outlook for Edmonton Real Estate in 2024

As we look ahead, Edmonton is poised for a breakout year. The city remains one of Canada’s most livable places, offering a unique mix of affordability, quality of life, and investment potential. Key factors supporting the growth of the Edmonton housing market include:

  • Continued low interest rates from the Bank of Canada

  • Increased government support for the housing sector

  • Shrinking inventories paired with strengthening demand

  • Growing confidence among buyers and sellers

With its diverse economy and strong foundation in the energy sector, Edmonton is well-positioned to benefit from broader economic recovery trends.

Why Choose Edmonton for Your Real Estate Needs?

For buyers, the Edmonton real estate market offers unmatched affordability and a variety of housing options, from single-family homes to condos and duplexes. Sellers can take advantage of rising demand and competitive prices to maximize their returns. As a trusted REALTOR® in Edmonton, I specialize in helping clients navigate this dynamic market with expert advice, professional service, and a commitment to achieving the best results.

📞 Call/Text: 780-953-0723
🌐 Website: realtyedmonton.ca
Nooran Ostadeian | RE/MAX Elite – Your trusted expert in Edmonton real estate.

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Review your mortgage NOW!

Review Your Mortgage NOW! Edmonton Homebuyers and Owners Must Act Fast

With changes in Edmonton’s real estate market and evolving mortgage rules, reviewing your mortgage today is critical to protecting your financial future. As new regulations tighten lending criteria, many potential homebuyers, mortgage renewers, and property investors may find themselves unable to qualify for financing. Don’t wait until it’s too late—take action now.

Who Will Be Affected in Edmonton?

The latest market trends and lending policies are impacting a wide range of borrowers:

  • Mortgage Renewals in the Next 12–20 Months: Review your options before renewal deadlines to avoid surprises under stricter conditions.

  • Homebuyers in the Next 12 Months: Qualify under today’s rules before they change, especially if you’re a first-time buyer.

  • Those Refinancing Mortgages: Secure current rates and terms while they’re still accessible.

  • Rental Property Investors: Rising rates and stricter income qualifications affect your ability to expand your portfolio.

  • Future Retirees with Home Equity: New rules focus on income over equity, making pre-retirement planning crucial.


Why You Need to Act Now

With fears of tighter qualifications and potential interest rate hikes, many Edmonton buyers are rushing to enter the market. By securing a purchase agreement or renewing a mortgage under current conditions, you can protect your buying power.

Experts predict temporary spikes in real estate sales as buyers rush to secure properties before stricter rules take effect. However, a slower market may follow due to reduced buyer eligibility. If you’re on the fence about buying or investing, now is the time to act.

What Does This Mean for Edmonton’s Real Estate Market?

The Edmonton real estate market plays a significant role in the city’s economy. Slower home sales could reduce spending on home-related purchases like appliances, furniture, and renovations. This could impact broader economic growth in Alberta.

However, rental properties remain a strong investment, with housing demand shifting as fewer buyers qualify for mortgages.

Next Steps for Edmonton Homeowners and Buyers

  1. Consult a Mortgage Professional: An experienced broker can review your financial situation and explain how new rules may affect you.

  2. Explore Real Estate Options: If you’re considering buying or selling in Edmonton, consult a trusted REALTOR® to navigate the market.

  3. Act Before Changes Take Effect: Whether renewing, refinancing, or buying, moving quickly ensures you secure current rates and terms.

Take Control of Your Financial Future

Edmonton’s real estate market is evolving, and staying informed is critical to making the best decisions for your situation. Speak with a mortgage professional or REALTOR® today to review your options and secure your financial goals.

📞 Call/Text: 780-953-0723
🌐 Website: realtyedmonton.ca
Nooran Ostadeian | RE/MAX Elite – Your trusted expert in Edmonton real estate.

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About Castle Downs & Northwest Edmonton
Northwest Edmonton is still one of the city's best family-friendly areas. 

Northwest Edmonton is still one of the city's best family-friendly areas. The area is culturally varied and welcoming to all types of families. It provides the ideal combination of residential, retail, and light business real estate to make daily life easier.

Excellent transit and opportunities.

Northwest Edmonton is well-served by the Northgate Transit Centre, which provides public transportation to all regions of the city. Northwest Edmonton is also a popular choice for military families, because it is only just few minutes' drive from CFB Edmonton, one of Canada's largest military posts (Canadian Forces Base Edmonton). The former army base known as Griesbach, which is currently being transformed into one of Edmonton's most sought after new neighbourhoods, has a rich military history.

Castle Downs Edmonton Real Estate, Northwest Edmonton Homes for Sale, Family-Friendly Neighborhoods Edmonton, Affordable Homes in Edmonton, Edmonton Real Estate Market, Castle Downs Properties, Buying Homes in Northwest Edmonton, Edmonton Property Listings.

Nooran Ostadeian | RE/MAX Elite – Your trusted expert in Edmonton real estate
📞 Call/Text: 780-953-0723
🌐 www.realtyedmonton.ca | www.nooranrealty.com
Re/Max Elite Windermere
5083 Windermere Boulevard South West #302, Edmonton, AB T6W 0J5

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Market Update - Edmonton - February 2021


This year is off to a busy start as Covid 19 continues to have its impact on Real Estate! With low interest rates, we have seen a surge in new home buyers and homeowners looking to upsize.


As interest rates are curving upward, many are eager to get into their new homes as soon as possible. Here are some notable market updates that I wanted to share with you:

  • TD Bank was the first of major banks to hike its 5-year fixed mortgage rates
  • Edmonton’s vacancy rate reached 7.2%, the highest in Canada among cities surveyed by Altus Group in a recent study
  • February year to date sales reached 1905, an increase of 45% from 2020
  • 1904 new listings came on the market in February, compared to 1718 in January, up 12.3%
  • Average Residential selling prices increased 2.7% since January and 4.8% since this time last year

If you know of someone who is looking to move, or considering a move yourself, I would be happy to discuss the market conditions and best options! On the other hand, perhaps you have a mortgage renewal coming up in the next few months? If so, you may wish to call your bank today and discuss your options for locking in a rate. I know some great mortgage brokers that I can recommend if you would like to shop around for the best rate!

A big benefit of having a professional you can trust is knowing that you never have to go it alone. Help is only a phone call away! I hope you feel comfortable reaching out to me when you have a question or want advice that’s real estate-related. As a professional, I have the data and insights needed to provide you with the information you want, particularly as it pertains to your property and the local market. Even if you just need to tap into my network for a contractor recommendation, I’m happy to help.
 
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Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.