We have the energy. That is what the sign says as you entry town from the south on hiway 63. And we sure do have, estimated to be able to supply the worlds yearly consumption for the next 100 years. With four oil companies at different stages of new expansions or completly new site just starting construction, the demand for housing in Fort McMurray is not going away anytime soon.
Currently we have more homes on the market then we have seen in a few years, I believe a lot of these homes are from people that moved to town from Eastern Canada that are cashing out to move back to the Rock. Thinking that they may continue to work here and commute back.
Fort McMurray has thousands of people that have homes in other parts of both Alberta and Canada that come here to work on site for their shift and fligh or drive home for the weekends. It is these people that makes Fort McMurray a GREAT place to invest in Real Estate with the average rent for a funished bedroom going for $1000 per month.
Within the next couple of years it is estimated that the oilsand construction is going to require 45,000 tradesmen to keep up with construction. Seeing the jumps in prices Fort McMurray witnessed the last time there was a big push in construction a couple of years back, were the total numbers of tradesmen was around 20,000.
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