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CMHC predicts Fort McMurray construction boom in 2017

from Fort McMurray Today

The wildfire that destroyed 10 per cent of Fort McMurray's housing will likely mean a reconstruction boom in 2017, according to a Canada Mortgage and Housing Corporation (CMHC) report published recently. The loss of housing will mean a lower vacancy rate, and may stabilize housing prices, the report added. CMHC examined past performance in Fort McMurray's real estate market, the damage the wildfire caused and past disasters like the Slave Lake wildfire to come to its conclusions. more

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