Finance Dept. goes back to the future on Alberta housing market

by Jamie Henry04 May 2015
The federal Finance Department has looked back to the 1980s as it predicts the future for Alberta’s housing market.

The analysis compares current market conditions with the sharp downturn of the 1980s and reports that there are some similarities, including economic uncertainty and lower oil prices.

However, it concluded that some of the key issues of 30 years ago are not the same as now, such as non-recourse mortgages, where those who suffered foreclosures could walk away from the debt, and high interest rates.

The report did state that Alberta’s exposure to the oil sector means that it could not be completely isolated from a fall in the price of crude oil.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?