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Rental scam reports involving REALTORS® resurface

November 27, 2014

Reports of another rental scam have been received by the RAE this November, in
which bogus ‘rental properties’ have been posted to popular online classified sites with the intention of tricking would-be renters into handing over damage deposits.
The advertised ‘rental properties’ in question are non-existent and have been posted to online classified sites such as Kijiji. Property details and photos of the false ‘rentals’ have been lifted from one or more local REALTORS®’ MLS® listings. While variations of this scam have occurred in Alberta before, reports indicate fraudulent activity persists. Diminishing rental property inventories in Edmonton may result in consumers who are more vulnerable to this type of fraud.
In recent reports, the scammer, posing as ‘owner’ or ‘REALTOR®’, asks for damage deposits from prospective renters who may be in crunches to secure residences. The scammer is unavailable to meet the prospective renter in-person at the property and proposes instead that funds be forwarded to secure the ‘rental’. The owner promises to make arrangements for someone to meet the renter at the property and hand over the keys. As you can imagine, no one shows up at the property to meet the renter.

Consumers are advised, when using online classified websites to ensure all financial transactions take place locally and in-person. Sites such as Kijiji also provide safety guidance on using their services and they maintain a list of common scams for users to be aware of. Consumers who wish to use these types of services to purchase anything are advised to review this information. 

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Strong Year in Real Estate Coming to a Close

Edmonton, December 2, 2014: Mother Nature has made her mark and announced that winter is upon us. With the freeze comes the natural seasonal cooling of the market. There were no surprises in month-end Multiple Listing Service® sales figures for November released by the REALTORS® Association of Edmonton today. The all-residential average sales price of $381,371 was up 4.3% from last month and up 9.9% from last November. Single family detached homes sold on average for $442,884 which is 3.76% higher than October and up substantially from last year’s $406,587. Condominium average price ($255,167) was down 2% month-over-month (from $260,491) but up 5.3% from a year ago (from $242,371).

The average days on market went down for all residential properties from 57 last year to 54 days this November, with sales taking slightly longer in the single family and rowhouse categories and significantly faster (12 days) in the condominium market. Year-to-date, homes are selling about 5 days faster this year than last.

As expected, sales numbers are down month over month for all categories, with 1,137 all residential properties (1,228 adjusted) selling in November compared to 1,505 in October. Following the normal seasonal trend, inventory is down 12% month over month and down 4% year-over-year.

Million dollar plus homes still remain a very strong segment this month with over 1% of the market share. These higher priced homes are accounting for a significant portion of the average price increase. Total residential sales are up 11% year-to-date over last year at the same time.

 “The housing market has been very strong and robust this year. We are expecting to see continued growth in housing sales for some time, but at a slower and more stable pace,” said REALTORS® Association of Edmonton President Greg Steele. “It has been a great year for Real Estate. As we do every year, we expect things to cool off as the temperature drops, but we always have new homes listed and sold over the winter months. People move when life happens, which does not necessarily correlate with warm weather.”



Highlights of MLS® System activity (for all-residential sales in Edmonton CMA1)

November 2014


M/M % Change

Y/Y % Change

SFD2 average3 selling price – month




SFD median4 selling price – month




Condominium average selling price




Condominium median selling price




All-residential5 average selling price




All-residential median selling price




# residential listings this month




# residential sales this month (reported)




# residential inventory at month end




# Total6 MLS® System sales this month




$ Total value MLS® System residential sales - month

$480 million



$ Total value MLS® System sales – month

$566 million



$ Total value MLS® System sales – YTD

$8.96 billion



1 Census Metropolitan Area (Edmonton and surrounding municipalities)

2 Single Family Dwelling

3 The total value of sales in a category divided by the number of properties sold 

4 The middle figure in a list of all sales prices

5 Residential includes SFD, condos and duplex/row houses. 

6 Includes residential, rural and commercial sales

For all of the Statistical Data for November Real Estate in Edmonton Please Click here

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Copyright 2018 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.