OTTAWA -- The oil slump is sure to bruise Alberta's housing market, but don't expect real estate in the province to absorb another 1980s-style drubbing, says an internal federal government analysis.
The Department of Finance compared the potential real-estate fallout in Alberta -- a result of the late-2014 collapse in oil prices -- with the pain inflicted on the provincial market during the deep recession of the early 1980s.
The document was released to The Canadian Press under the Access to Information Act at a time when economic concerns are top of mind for Albertans as they prepare to head to the polls for Tuesday's provincial election.
Read More : ctvnews.ca
The Department of Finance compared the potential real-estate fallout in Alberta -- a result of the late-2014 collapse in oil prices -- with the pain inflicted on the provincial market during the deep recession of the early 1980s.
The document was released to The Canadian Press under the Access to Information Act at a time when economic concerns are top of mind for Albertans as they prepare to head to the polls for Tuesday's provincial election.
Read More : ctvnews.ca
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