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.