August residential sales up 18.6% over last year.  In August, homebuyers are distracted by warm weather, vacations and back-to-school preparations. Never-the-less, the REALTORS® Association of Edmonton reports that residential sales were up 18.6% in August as compared to August 2007. New listings were down for the month compared to last year resulting in a net drop of 889 properties available on the Multiple Listing Service® (MLS®) dropping below the 10,000 mark for the first time since March ... Full Article...

New law requires real estate agents to verify ID of buyers and sellers and track deposits Ottawa –  New federal laws and regulations dealing with money laundering and anti-terrorist financing that went into effect June 23rd 2008, will require real estate agents and brokers to collect and verify more personal information from buyers and sellers. Real estate agents must also now track the source of funds received during the course of a real estate transaction, such as the deposit. These n ... Full Article...