MOST RELEVANT IMPACTS
• Higher oil prices → STRONGER Alberta economy (positive for real estate)
- Oil prices have risen significantly due to the conflict, boosting revenues in Alberta
- More oil revenue → more jobs, investment, and migration into Calgary
- Historically, higher oil = higher housing demand & price growth
👉 Net effect: Upward pressure on home prices & sales activity
BOTTOM LINE (Simple Takeaway)
- Short-term (now):
👉 Positive for Calgary real estate (driven by oil boom) - Medium-term:
👉 Mixed — affordability & rates vs economic strength - Long-term:
👉 Depends on how long the war and inflation persist