Fort McMurray is commonly referred to and thought of as a city, which it was from 1980 to 1995. However, Fort McMurray lost its city status on April 1, 1995, when it was merged with the Improvement District Number 18 and became the Regional Municipality of Wood Buffalo. Today, Fort McMurray – or Fort Mac as residents call it – continues to be one of the fastest growing regions in Canada. Perhaps one of the reasons why Fort McMurray houses for sale and the local real estate market continues to see high demand is because of the area’s proximity to the Athabasca Oil Sands. The sands deposit is 3,400 square kilometers in size and contains an estimated 174 billion recoverable barrels of bitumen. This puts Canada second only to Saudi Arabia in oil reserves. More than 300 billion barrels, or just over 12 percent of these reserves are potentially recoverable base on today’s technology.
Houses in Fort McMurray For Sale
Oil sand is a mixture of bitumen, sand and water. Because it does not flow like conventional crude oil, it must be mined or heated underground before it can be processed. Today, the oil and petroleum sector industries dominate the local economy. If you are moving to the area in conjunction with the Athabasca Oil Sands, Fort McMurray houses for sale are the ideal location for you and your family. Local real estate professional Kim Cox welcomes you to contact her today to learn more about the local area and to begin your search for the ideal property. In the meantime, she also encourages you to tour the Fort McMurray MLS to view the homes and land currently available to you.
Kim looks forward to hearing from you soon and welcomes the opportunity to earn your lasting trust and continued business. Whether you’re moving across town or across the country, need a single-family home or land on which to build, Kim stands ready to assist you and to introduce you to the Fort McMurray houses for sale on the market today! Connect now.