Why are houses so expensive in Fort McMurray, Alberta?

Two things are at play. First, supply is severely restricted, because all the land around the city is Crown land, it isn't just available to be quickly bought and sold, as private property would be. read more

You'd think there would be a building boom if it was anywhere else in Canada, but Fort McMurray is actually all built up until the government releases more crown land so it can expand. Until then, supply and demand keep prices sky high even considering building materials need to be trucked in and high construction labor cost. read more