Fort McMurray Moving Forward

 This is a very interesting and exciting time to be a resident of Fort Mcmurray. The region is experiencing a phase of remarkable growth and development unseen anywhere else in the country.  The scope of project potentials for Fort Mcmurray is a vast and complex one.  The area has doubled its population over the last ten years reaching approximately 100,000 residents currently. The population is expected to continue to grow further with a projected 230,000 people by 2030.

These numbers mean that a diverse and complex action plan has been implemented by the municipal government to sustain and encourage the population growth. Land in the RMWB is currently some of the most costly in the world, over the next 10-20 years the city plans to make more land available quickly to support its Municipal Development Plan or MDP. You can check out more info on the MDP here; http://www.woodbuffalo.ab.ca/Doing-Business/Municipal-Development-Plan.htm  

The goal of the MDP is to support energy development as well as community development. The plan aims to make land available to encourage small business operations, the revitalization of Fort Mcmurray’s downtown core, and increased public transit plans; with goals ultimately to increase community connectedness and make the RMWB an attractive place for residents to live and work.

On a provincial or federal level the plans for Fort Mcmurray are possibly even more complex.  There are a number of different proposals for pipelines in the region to move crude oil quickly and economically to new international markets.  Though none of these proposed plans have yet been implemented some argue that it is only a matter of time before the demand for crude oil from Northern Alberta rises, resulting in more population growth and expansion of the area.

The RMWB is in a unique position to take advantage of the growing economic strength and an influx of people migrating to the province. Check out the blog next month for some more information on the future and development of Fort Mcmurray!

To view Homes for Sale in Fort McMurray visit www.FortMcMurrayRealEstate.com