Weekly Real Estate Market Update, June 29/18

Oil had a good week, I thought home prices would stop falling at 60 dollars U.S. west Texas crude in Edmonton. The Saudi's said they need 80 a barrel the speculators could drive it to 80 after the worldwide tariffs war and the U.S. dollar falls.

Tony,
What difference does the oil price make to Alberta?
Alberta doesn't get world market prices for their oil.
We would need a pipeline for that. And Turdeau has made sure that will never happen.

You think people are that dumb? They'll speculate with hundreds of thousands of dollars on a house without knowing anything about the Alberta economy?

All investors from outside of Canada have seen what a fool we have for a Prime Minister. They can see how the Canadian economy is in tatters, and they will also know, if they ask anyone in Canada, that Trudeau has a strong dislike for Alberta and is doing everything he can to destroy the economy here.

And Nutley isn't helping either.

Investors from abroad and out of province don't know that. If oil goes up people will buy Alberta real estate.