What Do Changing Oil Prices Mean for the Real Estate Market?



There are many great Calgary area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a list of Featured Properties so you know what buyers will pay for your home in today's market. You may also call me at (403) 660-6200 for a FREE home buying or selling consultation to answer any of your real estate questions.

Many folks here in Alberta have asked me what a sudden change in oil prices might mean for our market. The truth is, we can't really know until 2-6 months after the change. Most changes don't have an immediate impact on our market. The good news for our market is we've seen a positive net migration over the last two years, which is a strong indicator of a healthy market.

Alberta is the highest net employer in all of Canada. Over the next decade or so, the rest of Canada will depend on our energy, so there doesn't appear to be any reason to worry about any volatile changes in oil prices in the near future.


There are some great opportunities in our current market. We're seeing development in the inner city and expropriation of land on the outskirts. If you're interested in making a move soon, give us a call or shoot us an email. We'd be pleased to help you make a plan and get the most of your buying or selling experience. See you soon!