With the real estate market across the nation slumping, Fort Saskatchewan is in the midst of a rebound.
 
With sales falling on average 14 per cent and home prices dropping by 10 per cent, the outlook is a bit grim for the seller, but good for the buyer.
 
However, the real estate board is predicting a two per cent increase in market movement this year in Fort.
 
"Things are starting to come back," explained Tawnie Misik, a real estate agent with Royal LePage Noralta. "Prices are still low, interest rates are going up so we are seeing multiple offers and we are seeing properties priced correctly move quickly off the market."
 
Misik credited the Fort's relatively resilient market to the amount of good jobs that are still here, cushioning the blow of the lost oilfield jobs.
 
She added at if there's a time to buy in the Fort, that time is now before interest rates go up and the housing market picks up again, shifting it back to a seller's market with higher prices.
 
In the Fort, the average home on the market as of the beginning of the month was listed for $403,640 and spent about 75 days on the market.

More Local News

Blowing snow advisory issued for area

Environment Canada has issued a warning for the Fort Sask area.

15 taken into custody after drug bust

Area police detachments have teamed up in a recent drug bust.

Another massive load heading to Industrial Heartland

A second huge piece of equipment is about to travel on are highways.

Gibbons schools put on hold and secure

Gibbons School and Landing Trail School had to take precautionary measures.

EIPS hopeful for Sherwood Heights Junior High replacement school

Work on Sherwood Heights Junior High has become a top priority for Elk Island Public Schools.

Made-in-Alberta to potentially invest up to $20 billion in the heartland

Premier Rachel Notley's Made-in-Alberta strategy could have a big payoff in the region.

St. Albert resident wins $7.9 million on LOTTO 6/49

An Alberta man recently hit the jackpot.

Bruderheim growing in population

Bruderheim's recent census results showed growth in the town.

Speeder caught going 149 km/h on Highway 15 bridge

A man was recently pulled over for excessive speeding in the area.

Having troubles studying? EIPS has some tips

With students getting ready for their January exams, Elk Island Public Schools (EIPS) have some advise.

DiscoverWestman.com is Westman's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login