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September newsletter and Stats.

Market activity for the month of August 2011 July Change from June 2011 to July 2011 August Change from July 2011 to August 2011 New Listings 3,038 -222 -6.8% 1,897 -1,141 -37.5% Active listings 8,421 -11 -0.1% 8,343 -78 -0.9% Sales 1,441 -327 -18% 1,507

So where is the market going? Is this a typical year ?

Firstly the economic crisis that has gripped the globe has undoubtedly had an effect on Edmonton, a city that is largely dependent on the oil sector. Layoffs due to expansion projects put on hold by the large oil companies primarily in the oil sands,