AB: Edmonton Real Estate Sales Start Slow in January

Gay Edmonton Real EstateEdmonton-area home sales started 2011 at a considerably slower pace than 2010, show MLS figures released Wednesday by the Realtors Association of Edmonton.

Residential sales for the Edmonton region in January were 735, down 11.9 per cent from December and off by 21 per cent from January 2010.

Buyers began entering the market in January last year to beat mortgage lending changes by Canada Mortgage and Housing Corp. and expected interest rate hikes, but the market slumped after a strong start to the year.

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Full Story from The Edmonton Journal

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