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January 2016

Found 1 blog entry for January 2016.

Happy new year to you all!  2016 is here and I expect we have another challenging year ahead of us.  Speculation surrounding the world economy and a further fall in oil prices continue. With the sanctions being lifted in Iran, the global supply glut will get larger and our oil prices don’t look to recover in the foreseeable future.  However, with Suncor seemingly agreeing a deal with Canadian Oil Sands, it speaks volumes for their long term confidence and commitment to the oil sands.  So what is our real estate market doing with these things in mind?

December and January are generally quiet months.  We saw our listing inventory drop by a whopping 18% from November. In December of 2014 there were 526 active listings in comparison to 447 in

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