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CALGARY – It’s been years since David Yager has seen multiple “For Sale” and “For Rent” signs in Fort McMurray, the northern Alberta city that is usually crawling with workers from across Canada looking to make a buck in the oilsands boomtown.
In times when the province’s unemployment rate plunged below 4%, workers paid exorbitant rents to live in Fort McMurray garages. In late December of this year, amid predictions of a spike in the province’s unemployment rate, bachelor suites in “Fort Mac” were being advertised online for $1,000 per month — still pricey, but available nonetheless.
Read the full article here.
by: Geoffrey Morgan
Client Groups:Oilfield Services
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