Richard & Liz Bergeron

Calgary’s Real Estate Specialists

Richard's Cell: 403-819-2331 | Liz's Cell: 403-875-8470

Power Of The Pump

How the future of oil and gas in Alberta will affect Calgary’s housing market

The plummeting price of oil is unlikely to affect Calgary’s housing market in the immediate future, but a prolonged slump could eventually leave its mark on the local landscape, say Canadian economists.

“If the recent slide in oil prices turns down the migration taps, construction activity could begin to soften again in Calgary,” said BMO senior economist Robert Kavcic, noting that, in the interim, Calgary’s housing market remains red hot.… Read More

Power of the pump is a post from: CREBNow

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