A second look at the Real Estate industry in Alberta.
Saturday, March 12, 2011
Edmonton Stats Feb 2011
Edmonton sales are now only slightly higher compared to the rate equivalent to the worst six months of the financial crisis. Seasonally adjusted sales to new listings ratio fell below 50% again indicating downward pressure on prices.
"We're predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month," Carolyn Pratt, Former President REALTORS Association of Edmonton, April 4 2007