Housing sales shows the number of residential units sold through Multiple Listing Service (MLS) in any given month. This indicator shows the seasonally adjusted estimates for the City of Edmonton.
This measure is an indicator and not a measure of the City's performance as the City has limited control over the labour market.
A healthy and growing economy will have an good amount of housing sales. However, when the economy is in a downturn, consumer confidence decreases and there are less housing sales since people tend to spend less during economic downturns.
Explanation of Performance
Housing sales in the City of Edmonton were down by 4.5% in December 2015 compared to December 2014.
For more information on Edmonton's housing market trends, see City of Edmonton's Housing Statistics reports http://www.edmonton.ca/business_economy/economic_data/housing-statistics.aspx.