Average sales for single-family homes in St. Albert dropped by 5.7 per cent in May, compared to the same month last year, the Realtors Association of Edmonton reported this week in their monthly housing bulletin.
St. Albertans sold 99 single-detached homes last month, compared to 105 a year earlier.
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CALGARY — Alberta recorded the second best year-over-year growth rate in retail sales in November, according to Statistics Canada.
Sales reached $5.9 billion during the month, up 4.4 per cent from November 2011, said the federal agency on Tuesday. Newfoundland and Labrador led the country with an annual growth rate of 5.2 per cent.
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OTTAWA— The Macdonald-Laurier Institute on Thursday launched a new leading economic indicator, filling a gap left by the cancellation of Statistics Canada’s monthly index.
The MLI’s indicator “will provide policymakers, business people, investors and ordinary Canadians as much as six months’ advance warning of significant changes in Canada’s economic performance and will do so with a high degree of reliability and accuracy,” said Philip Cross, MLI’s research coordinator.
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A national database which estimates the worth of houses may contain errors that have fuelled inflation in the Canadian property market, where a steady rise in home prices has fanned fears of a bubble, a newspaper reported.
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