Fort McMurray is a balanced market, according to a Royal LePage House Price Survey.
In the third quarter of 2011, standard two-storey homes sold on average for $720,000, while detached bungalows sold on average for $630,000. Standard condominiums, traditionally the most accessible price point, sold on average for $380,000.
Marian Barry, broker and owner of Royal LePage True North Realty says that demand has been sustained because of people coming to work on site, which also helps stimulate the local economy.
