Local real estate board is claiming that the housing market in Fort Mac is "hot" fort-mcmurray-news/wood-buffalo-housing-market-heating-t7515.html
, because there are more housing starts in December.
I don't get their shallow logic, sales have been falling all over Canada including Fort McMurray, the reason why there are more housing starts is because builders are developing Parsons Creek. Next year there will be more houses for sale, plus all the new ones that they've build in Parsons Creek, which will lead to oversupply and result in cooling housing market here. Plus the tougher mortgage rules will not help.