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“This time, it’s not an oil boom, it’s just people moving here,” Chamberlain told the Financial Post. “I don’t ever recall seeing this quick an increase (in prices).”
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I have to suspect that having more families moving here who's livelihood isn't tied to O&G prices should be a net gain for the city in the coming years. I'm not sure it will be enough to completely remove us from the boom/bust cycle, but anything that can soften the effects should be welcomed.