Even Fort McMurray’s real estate agents are leaving the oilsands town in droves

Even Fort McMurray’s real estate agents are leaving the oilsands town in droves




It’s not just housing sales and prices that are falling fast in Fort McMurray, the ranks of realtors in the northern Alberta city seem to be plummeting too. The defections come as realtor levels across the country have grown to new records, speaking to a growing trend of agents migrating to greener pastures and increasing competition in some of the country’s hottest markets. To compete for business in up-and-coming districts, some long-time franchises are setting up new branches, something one local agent jokingly referred to as “branchises.”



http://business.financialpost.com/personal-finance/mortgages-real-estate/realtor-levels-reach-record-levels-nationally-but-for-mcmurray-numbers-falling