Wednesday, August 29, 2007

Real estate market preparing for Hebron

Real estate is a strong signal of a prosperous economy. Take, for example, the cost of real estate in the oil boom areas of Alberta. Getting a high paying job in those areas is not a problem. Finding a place to live is. Compare that to some rural areas of Newfoundland and Labrador where you can buy a moderate-sized home for a fraction of what it would cost in Alberta. But in growth centres such as Clarenville and Arnold's Cove the real estate market has remained strong. That market will likely get stronger thanks to last week's Hebron announcement.

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