The best barometer for the state of the oil sands industry is the local economy of Fort McMurray.
Fort McMurray homeowners have been having a hard time selling their house lately. Articles report that the problem is that the market is flooded with people selling their houses.
However, I could only find 19 houses listed on the Fort McMurray real estate website.
The lowest house price I could find was $554,900 at the Fort McMurray Real Estate website. This could be a problem.
This house is $675,000 in Sugar Land, Texas.
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