Although sales were not at record levels in September, they compared favourably with sales levels last year and settled in for the third best September ever. Only sales in September 2006 of 1,844 residential units and last September (1,729) were better than the 1,704 sales pegged last month. We have experienced strong sales through the third quarter.REALTORS® Association of At the end of the first quarter YTD sales were down over 21%, and after six months they were up almost 2%. The last three ... Full Article...

What's expected for 2009. Sliding consumer confidence levels, augmented by stock market volatility and diminished oil and gas revenues, seriously hampered Edmonton and area's residential real estate market in the final quarter of 2008. The market softened considerably in October, after a reported 65 per cent increase in sales activity and a decline in the number of homes listed for sale in September. Buyers moved to take advantage of the glut of product on the market, making lowball offers tha ... 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...