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BANFF | HOMES FOR SALE ALBERTA CANADA

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Living in Banff, Alberta offers a truly unique lifestyle defined by its breathtaking natural surroundings, active community with small-town charm. Nestled within Banff National Park, the town is surrounded by towering peaks, turquoise lakes & abundant wildlife, providing residents with access to world-class outdoor recreation. Hiking, skiing, mountain biking, climbing & kayaking are part of everyday life.

The Town itself has a vibrant yet relaxed atmosphere, with a tight-knit community of people who are passionate about the outdoors & environmental stewardship. Despite its small size, Banff has a surprisingly rich cultural scene, with festivals, art galleries. Its popularity as a global tourist destination also means residents enjoy a blend of international energy and local authenticity.

The Cost of Living can be high and the housing market competitive due to restrictions, many find that the quality of life. But access to nature & sense of connection to both community & landscape more than make up for it.

PURCHASING A HOME IN BANFF

One of the defining aspects of life in Banff is its protected status within a National Park. This comes with certain trade-offs, such as limited housing availability & strict development regulations, but it also ensures the natural environment remains pristine & central to the way of life. Residents have a strong sense of purpose in living there—whether working in hospitality, conservation, or outdoor guiding—since most who reside in Banff do so because they meet the federal “need to reside” criteria tied to employment or community contribution.It offers a unique opportunity to reside in a world-renowned national park surrounded by natural beauty. 

To make an informed decision, consider the following key factors:

1. History & Tourism Impact:

  • Historical Significance: Established in 1885, Banff is Canada's first national park, renowned for its stunning mountain landscapes & rich cultural heritage.

  • Tourism: As a major tourist destination, Banff attracts millions of visitors annually, significantly influencing the local economy & housing market. In 2023, there were 4.7 million visitors to Kananaskis, a neighbouring area, indicating a strong tourism presence in the region. 

2. Housing Market Trends:

  • Property Prices: (January 2025), the median list price for homes in Banff was approximately $1,166,294, reflecting a 4.42% increase from December 2024. 

  • Market Dynamics: The market has experienced significant fluctuations over the past decade, with notable increases in property values, especially in the last few years. 

3. Future Housing Market Outlook:

  • Sustained Demand: Given Banff's status as a premier tourist destination, demand for housing is expected to remain strong, with appreciation in values.

4. Key Considerations When Buying a Home in Banff:

  • Property Types: The market includes a mix of Single-family, Half Duplex, Townhouses & Apartment Condos.

  • Lifestyle & Amenities: Living in Banff offers unparalleled access to outdoor activities, cultural events & a close-knit community, enhancing the lifestyle.

BANFF "NEED TO RESIDE" BRIEF

Who is considered an "Eligible Resident"?

According to the National Parks Lease & License of Occupation Regulations, an eligible resident is:  

  1. An individual whose primary employment is within Banff National Park.

  2. An individual who operates a business in the park & whose presence is necessary for its day-to-day operation.

  3. A retired individual who resided in the park for five consecutive years immediately prior to retirement & was employed or had a business in the park during that time.

  4. A retired individual who resided in the park at the time of retirement & had lived there on July 30, 1981.

  5. A full-time student attending an educational institution located within the park.

  6. An individual who is a lessee of public lands in the park & was the lessee prior to May 19, 1911, or is a descendant of such a lessee.

  7. The spouse, common-law partner, or dependent of someone who meets any of the above criteria. 

BANFF SUMMARY

By thoroughly researching these aspects & consulting with your legal professional, you can make an informed decision when planning to purchase a home in Banff, aligning your investment with both your lifestyle aspirations & financial goals.

For Expert Guidance in navigating the Banff Real Estate Market, consider reaching out to Stewart J. Lowe, an award-winning realtor with over 23 years of experience. In 2010, he became a Certified Guild Member of The Institute for Luxury Home Marketing, Stewart is known for his friendly, warm, and professional approach, ensuring a seamless real estate experience. Why not request a no-obligation Marketing Consultation

BUYING ALBERTA LAND

BANFF CONDOS  |  BANFF SEMI-DETACHED (HALF DUPLEX) HOMES

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HOME EVALUATION 

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BANFF LUXURY HOMES (ALL STYLES) ALBERTA CANADA

Banff Homes All Styles Alberta Canada

Banff Homes All Styles Alberta Canada for Sale. Search here for the World famous Banff Real Estate in Canada. Information is updated daily.
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1-12/15

  • 419 Muskrat Street: Banff Detached for sale : MLS®# A2212087

    419 Muskrat Street Banff Banff T1L 1A9
    Main Photo: 419 Muskrat Street: Banff Detached for sale : MLS®# A2212087

    419 Muskrat Street Banff T1L 1A9 Banff

    $6,400,000
    Residential
    Status:
    Active
    MLS® Num:
    A2212087
    Bedrooms:
    6
    Bathrooms:
    8
    Floor Area:
    9,299 sq. ft.
    Welcome to a luxurious retreat nestled in the heart of Banff, where sophistication meets serenity on 6 private lots spread across 2 titles on over 35,000 sq ft . This extraordinary estate presents a unique opportunity to own an exquisite home with unparalleled character and meticulous attention to detail. As you approach through the fully fenced and gated property, a sense of exclusivity and privacy envelops you. The majestic mountain views serve as a picturesque backdrop to this one-of-a-kind residence, providing an unparalleled blend of natural beauty and architectural elegance. This distinguished property features a main residence that seamlessly integrates modern luxury with timeless design. From the moment you enter, you'll be captivated by the grandeur of the living spaces, adorned with high-end finishes and thoughtful craftsmanship. The gourmet kitchen, outfitted with top-of-the-line appliances, is a chef's dream, while the expansive living areas are perfect for both intimate gatherings and grand entertaining. Step outside to discover your own private oasis. The meticulously landscaped grounds boast natural beauty and plenty of wildlife , offering a tranquil space to unwind while surrounded by the breathtaking beauty of Banff's natural landscape. Additionally, a second guest home adds to the allure, providing a private retreat for visitors or an ideal space for extended family. This property stands as a testament to luxury living in Banff, with no other comparable residence in the area. Whether you're seeking a tranquil escape or an entertainer's paradise, this home exceeds expectations at every turn. Don't miss the chance to own a piece of Banff's unparalleled charm and exclusivity. More details
    Listed by RE/MAX Cascade Realty
    LISTING DETAILS
    Stewart J Lowe

  • 128 Kootenay Avenue: Banff Detached for sale : MLS®# A2189463

    128 Kootenay Avenue Banff Banff T1L 1B8
    Main Photo: 128 Kootenay Avenue: Banff Detached for sale : MLS®# A2189463

    128 Kootenay Avenue Banff T1L 1B8 Banff

    $3,700,000
    Residential
    Status:
    Active
    MLS® Num:
    A2189463
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    2,584 sq. ft.
    Fabulous possibilities in this Banff property Welcome to Banff, where this classic residence epitomizes Banff's finest district, Kootenay Ave. This unique modernized log home is secluded in the heart of Banff, where privacy and comfort are the norm. It offers extraordinary mountain views and the unparalleled lifestyle of living in beautiful Banff. The rear exterior boasts a 300-square-foot cedar deck with a hand-carved glass panel depicting local flora and fauna on a dimmer switch. This deck overlooks Mt Rundle, currently a B&B, with the possibility of developing this property into three lots. Layout: Main Level Entry with two wings. Lot: Features a Parklike Setting, Private, over 21,600 sq ft. Heating: Natural gas Flooring: Hardwood, carpet, linoleum. Roof: asphalt with solar panels. Parking: Room for five cars Exterior: Feature fencing, Garden, Decks and Barn Interior: Rustic Living Room/ Dining Room & Island Kitchen with a Gas Range, two Island Kitchen Laundry: Main floor Fireplace: Description Wood Burning Amazing possibilities and Pride of Ownership. More details
    Listed by Real Estate Professionals Inc.
    LISTING DETAILS
    Stewart J Lowe

  • 137 Muskrat Street: Banff Detached for sale : MLS®# A2190030

    137 Muskrat Street Banff Banff T1W 1A0
    Main Photo: 137 Muskrat Street: Banff Detached for sale : MLS®# A2190030

    137 Muskrat Street Banff T1W 1A0 Banff

    $3,350,000
    Residential
    Status:
    Active
    MLS® Num:
    A2190030
    Bedrooms:
    6
    Bathrooms:
    7
    Floor Area:
    2,306 sq. ft.
    This unique and spacious lodge, nestled just minutes from downtown Banff, offers an exceptional opportunity to own a beautifully renovated property with a thriving business. Boasting an enviable location that provides easy access to the town's vibrant dining, shopping, and entertainment options, as well as the stunning natural beauty of Banff National Park. The lodge can accommodate up to 12 guests, making it perfect for family reunions, corporate retreats, and special gatherings. The property features a large, fully equipped kitchen, a dining room designed to host large groups in comfort and style, and two cozy living areas offering comfortable seating and entertainment options. Guests enjoy exclusive access to the entire property, ensuring privacy and a truly personalized experience. This is more than just a property; it's a well-established business with a strong reputation for excellence. The blend of historic charm and modern amenities attracts a steady stream of visitors year-round. Seize this rare opportunity to own a piece of Banff's history while enjoying the benefits of a successful hospitality business and continuing its legacy of creating unforgettable experiences in one of Canada's most beloved destinations More details
    Listed by RE/MAX Alpine Realty
    LISTING DETAILS
    Stewart J Lowe

  • 317 Buffalo Street: Banff Detached for sale : MLS®# A2196576

    317 Buffalo Street Banff Banff T1L 1A1
    Main Photo: 317 Buffalo Street: Banff Detached for sale : MLS®# A2196576

    317 Buffalo Street Banff T1L 1A1 Banff

    $2,999,900
    Residential
    Status:
    Active
    MLS® Num:
    A2196576
    Bedrooms:
    8
    Bathrooms:
    6
    Floor Area:
    3,554 sq. ft.
    Welcome to one of Banff's most prestigious locations, nestled alongside the Famous Bow River in Downtown Banff, while still boasting picturesque views of Cascade Mountain from the front. This versatile 8-bedroom home featuring a full owner's residence on the main level plus 3 separate lock-off suites for exceptional rental income potential." The main floor unfolds with an open concept floorplan, accentuated by a vaulted ceiling in the main living room, rendering the space bright and inviting. Behind the living room, the kitchen and dining area seamlessly flow, while a sunroom and indoor hot tub beckon just steps away, offering views of the Bow River from the expansive 700 sqft deck. The primary bedroom & ensuite are conveniently located nearby, alongside a second bedroom & bathroom nestled across from the dining area. A spiral staircase off the living room ascends to a beautiful lofted area, framing Cascade Mountain through large north-facing windows. Here, one can savor morning coffee or unwind by the fireplace with a glass of wine in the evening. In total, this home comprises 3 separate units in addition to the primary residence on the main floor. The first unit is a separate 1 bedroom retreat with a cozy bathroom and kitchenette just off the main entrance. Another 2 bedroom unit awaits down the main corridor, boasting its own entrance, kitchenette, bathroom, and living room. Meanwhile, the basement unfolds as a spacious haven, featuring 3 well-appointed bedrooms, a generous living area seamlessly integrated with a kitchenette, a bathroom and sauna, and even a cold storage area. Set on a sprawling 13831 sqft lot, this property boasts an extra large 2-car detached garage, fenced areas located on both sides of the home, ample parking, and green space complementing this amazing Banff residence. More details
    Listed by ROYAL LEPAGE SOLUTIONS
    LISTING DETAILS
    Stewart J Lowe

  • 216 Bow Avenue: Banff Detached for sale : MLS®# A2211789

    216 Bow Avenue Banff Banff T1L 1A7
    Main Photo: 216 Bow Avenue: Banff Detached for sale : MLS®# A2211789

    216 Bow Avenue Banff T1L 1A7 Banff

    $2,700,000
    Residential
    Status:
    Active
    MLS® Num:
    A2211789
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,730 sq. ft.
    A Must See, Character Pan-Abode Home Located on Expansive 12,379 sq.ft. lot, on Exclusive River Front Location! This warm, inviting family home has been meticulously cared for and includes three bedrooms, two bathrooms, oversized family room with wet bar, spacious recreation room offering an additional bedroom area, two fireplaces, large laundry room on main level, private patio, loads of storage area and double detached heated garage along with additional off-street parking. This is truly an idyllic quiet and secluded location and just steps away from the Bow River with numerous walking/hiking paths and only one block from downtown Banff! With southwest exposure the home receives loads of sun and is complimented with terrific mountain views! More details
    Listed by RE/MAX Alpine Realty
    LISTING DETAILS
    Stewart J Lowe

  • 418 Muskrat Street: Banff Detached for sale : MLS®# A2143999

    418 Muskrat Street Banff Banff T1L 1G5
    Main Photo: 418 Muskrat Street: Banff Detached for sale : MLS®# A2143999

    418 Muskrat Street Banff T1L 1G5 Banff

    $2,400,000
    Residential
    Status:
    Active
    MLS® Num:
    A2143999
    Bedrooms:
    1
    Bathrooms:
    3
    Floor Area:
    1,731 sq. ft.
    Front-Back Duplex in Town of Banff on double sized lot spanning from Muskrat Street to Otter Street with great development potential. This is an established residential location on the north side of Banff's downtown core. Local traffic only on this portion of Muskrat Street and good access to all local amenities. The house is built in 1910. It is zoned RNC (Residential North Central District) whereby duplex, triplex, and fourplex housing are all permitted under the local land use bylaw. More details
    Listed by Honestdoor Inc.
    LISTING DETAILS
    Stewart J Lowe

  • 412 Cougar Street: Banff Detached for sale : MLS®# A2209880

    412 Cougar Street Banff Banff T1L 1A1
    Main Photo: 412 Cougar Street: Banff Detached for sale : MLS®# A2209880

    412 Cougar Street Banff T1L 1A1 Banff

    $2,300,000
    Residential
    Status:
    Active
    MLS® Num:
    A2209880
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    2,032 sq. ft.
    This property, situated on a serene Banff street, is a rare investment opportunity. It has been handed down through generations and comprises two separate homes on the site. There is the original home along with a large newer addition offering a sizable legal suite, an illegal basement suite, attached garage, a large workshop and including a new outdoor covered hot tub. With the current layout, the property generates substantial income, and if the existing construction does not meet your requirements, it presents an excellent opportunity for redevelopment. The location is ideal, just two blocks from Banff Ave., and within walking distance of both the Elementary and High Schools. Additionally, the property is ripe for development, with permitted uses for apartment housing, fourplex, multiplex, and more. Discretionary uses include home occupation types 1 &2, duplex and more, making it a versatile investment. More details
    Listed by ROYAL LEPAGE SOLUTIONS
    LISTING DETAILS
    Stewart J Lowe

  • 119 Wolverine Street: Banff Detached for sale : MLS®# A2171429

    119 Wolverine Street Banff Banff T1L 1H1
    Main Photo: 119 Wolverine Street: Banff Detached for sale : MLS®# A2171429

    119 Wolverine Street Banff T1L 1H1 Banff

    $1,599,999
    Residential
    Status:
    Active
    MLS® Num:
    A2171429
    Bedrooms:
    6
    Bathrooms:
    2
    Floor Area:
    2,647 sq. ft.
    Fantastic development opportunity in Banff! Nestled on a quiet street just steps from the Banff Centre, this character-filled property offers a rare opportunity to own a double lot exceeding 10,000 sqft in the heart of Banff. Zoned RNC, the lots allow for up to 8 units (with potential for 9+ through discretionary use - FAR 1.0), offering incredible development potential. The home retains its original charm and could also be a fantastic family home with some renovations. The expansive yard is a highlight, featuring a charming patio, firepit, and greenhouse—perfect for outdoor relaxation. It is also ideal for staff accommodation with 6 bedrooms and 2 bathrooms. The basement can easily be partitioned into an (illegal) suite, and with the town’s current financial incentives to legalize secondary suites, this property is a prime candidate. A unique investment with endless possibilities! More details
    Listed by GRASSROOTS REALTY GROUP
    LISTING DETAILS
    Stewart J Lowe

  • B 116 Otter: Banff Semi Detached (Half Duplex) for sale : MLS®# A2216319

    B 116 Otter Banff Banff T1L 1A2
    Main Photo: B 116 Otter: Banff Semi Detached (Half Duplex) for sale : MLS®# A2216319

    B 116 Otter Banff T1L 1A2 Banff

    $1,580,000
    Residential
    Status:
    Active
    MLS® Num:
    A2216319
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    1,960 sq. ft.
    This rare, executive-quality 3-bedroom semi-detached home is nestled on a quiet street just three blocks from downtown Banff and mere steps from the Bow River and scenic trail systems. With over $400,000 in high-end renovations and upgrades, this property is a standout in both design and functionality—and now features a legal 2-bedroom suite, offering built-in revenue potential to help offset your mortgage and assist with financing qualification. Perfectly designed for modern mountain living and entertaining, the home showcases a contemporary open-concept layout with two spacious living rooms. The main living area flows effortlessly off the large kitchen and dining space, while the upper living room boasts a vaulted hardwood ceiling, west-facing windows that flood the space with natural light, and a striking floor-to-ceiling Rundlestone wood-burning fireplace—the ideal spot to relax with a book or unwind after a day on the trails. The primary suite is a true retreat, featuring a walk-in closet, a luxurious 6-ft limestone steam shower, and in-suite laundry. Every detail in this home reflects craftsmanship and quality: custom walnut cabinetry, doors, and railings, Canadian white oak hardwood flooring, wool carpets, designer lighting, and top-of-the-line Bosch appliances—including a built-in coffee machine and sleek glass-covered refrigerator with a wine drawer. Fixtures are equally elevated, with Grohe taps, Kohler sinks, custom blinds, and silk drapes throughout. The newly legalized 2-bedroom basement suite includes a private entrance, full bathroom, kitchen, living space, and in-suite laundry—ideal for long-term tenants, family members, or guests. Whether you're looking for extra space or supplemental income, this suite offers unmatched flexibility and financial value in Banff’s competitive market. Additional features include a fully fenced yard, sun-drenched deck, two stone patios, and new roof shingles for peace of mind. This exceptional home combines luxury, location, and income potential—making it a rare opportunity in Banff’s real estate landscape. More details
    Listed by RE/MAX Cascade Realty
    LISTING DETAILS
    Stewart J Lowe

  • 203 Otter Street: Banff Detached for sale : MLS®# A2216666

    203 Otter Street Banff Banff T1L 1A3
    Main Photo: 203 Otter Street: Banff Detached for sale : MLS®# A2216666

    203 Otter Street Banff T1L 1A3 Banff

    $1,428,000
    Residential
    Status:
    Active
    MLS® Num:
    A2216666
    Bedrooms:
    3
    Bathrooms:
    1
    Floor Area:
    1,661 sq. ft.
    Welcome to this very well maintained 3 bedroom character bungalow located in the heart of the desirable RNC: North Central district. Full of warmth and charm, this home offers inviting indoor and outdoor spaces, a large fenced yard and zoning flexibility that allows for future development possibilities including an accessory dwelling, fourplex housing or Multiplex housing. Step onto the cozy covered front veranda-perfect for morning coffee or evening relaxation. Enter a bright, welcoming living space that reflects a classic character with modern comfort. The home features 3 well sized bedrooms and a functional layout, ideal for families, professionals. or investors. At the rear of the house, you'll find a large sunny deck- great for entertaining, outdoor dining, or soaking up the sun. The fully fenced backyard provides plenty of room for kids or potential garden space. A detached garage adds extra convenience for parking or storage. Situated in a fantastic location close to schools local parks and the vibrant downtown core, this property combines lifestyle and opportunity in one exceptional package. Whether you're looking to move in, invest, or explore future development, this bungalow is a rare find in a highly sought-after area. More details
    Listed by Grassroots Realty Group
    LISTING DETAILS
    Stewart J Lowe

  • A 328 Squirrel Street: Banff Semi Detached (Half Duplex) for sale : MLS®# A2121953

    A 328 Squirrel Street Banff Banff T0L 0C0
    Main Photo: A 328 Squirrel Street: Banff Semi Detached (Half Duplex) for sale : MLS®# A2121953

    A 328 Squirrel Street Banff T0L 0C0 Banff

    $1,395,000
    Residential
    Status:
    Active
    MLS® Num:
    A2121953
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    2,463 sq. ft.
    Welcome to your dream family home in the heart of Banff! This charming half duplex offers the perfect blend of convenience, comfort, and income potential. Located directly across the street from Banff Elementary School, your mornings will be a breeze as the kids simply walk across to start their day of learning. Imagine the joy of watching them play in the open school field with the breathtaking backdrop of majestic mountains. With three bedrooms upstairs, there's ample space for the whole family to unwind and rest. Plus, the added bonus of a 1-bedroom illegal suite in the basement provides a fantastic opportunity to offset your mortgage payments or accommodate extended family members. Situated just a stone's throw away from downtown Banff and a mere block from IGA, you'll have all the amenities you need within easy reach. Whether it's a quick grocery run or a leisurely stroll through town, everything is conveniently close by. Nestled in one of Banff's most desirable locations, this home offers more than just a place to live—it offers a lifestyle. From the proximity to schools and shops to the stunning natural beauty that surrounds you, this is an opportunity not to be missed. Make memories that will last a lifetime in this perfect family abode. More details
    Listed by RE/MAX Cascade Realty
    LISTING DETAILS
    Stewart J Lowe

  • A 509 Wolf Street: Banff Semi Detached (Half Duplex) for sale : MLS®# A2212741

    A 509 Wolf Street Banff Banff T1L 1B1
    Main Photo: A 509 Wolf Street: Banff Semi Detached (Half Duplex) for sale : MLS®# A2212741

    A 509 Wolf Street Banff T1L 1B1 Banff

    $1,350,000
    Residential
    Status:
    Active
    MLS® Num:
    A2212741
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,578 sq. ft.
    Discover the perfect blend of mountain charm and family functionality in this beautifully designed half duplex, ideally located just two blocks from downtown Banff. With a stunning log exterior that captures the essence of alpine living, this home offers warmth, character, and convenience all in one. Step inside and be welcomed by an abundance of natural sunlight that fills the space through large windows, creating a bright and inviting atmosphere throughout. This thoughtfully laid-out home features three spacious bedrooms, plus a fully finished basement—perfect for a rec room, guest suite, home office, or gym. The heart of the home lies on the top floor, where you'll find a bright open-concept kitchen and living area complete with vaulted ceilings and breathtaking mountain views. Whether you're preparing meals, entertaining guests, or simply unwinding after a day of adventure, this space offers a cozy and inspiring retreat. Step outside and enjoy your own private grassy yard, ideal for pets, kids, or just relaxing in the sun. It's a rare and valuable feature in this sought-after location. Whether you're a growing family or looking for a comfortable mountain home with room to expand, this property offers exceptional flexibility, charm, and location. Close to schools, trails, shops, and restaurants, yet tucked into a peaceful neighborhood, it truly offers the best of Banff living. More details
    Listed by RE/MAX Cascade Realty
    LISTING DETAILS
    Stewart J Lowe
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Data was last updated May 5, 2025 at 10:05 AM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.