Quote:
Originally Posted by Dion
Have you ever been to Fort Macleod? There's basicly nothing there and that project would have done wonders for the towns economy. Jobs would have been created and people would have moved there. It's not surprising to hear townsfolk talking of plummeting real estate prices.
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Looking at an affordable housing report for Fort Macleod (from 2010), prices appear to have risen ~50% since 2006. But what didn't in this province? They just caught up just like every other small town did. I doubt the reason for the increase even had to do anything with the college (talk about speculation if so, as the increases were well before the actual project award was given).
To say prices have been slashed only days after the announcement is absurd. Has anything actually sold? I think the yearly number of sales per year is something like 30 in Fort Macleod. I don't know on what basis someone can say their house is now worth half.