News
Aug. 08, 2016 | Cailynn Klingbeil
Former CREB® president John Fraser recalled new sense of hope in 1990 after decade of challenges
A fresh start: that's how many viewed 1990, recalled then-CREB® president John Fraser.
"We had just come out of an extremely difficult period," he said, referencing a decade defined by the National Energy Program, soaring interest rates and growing unemployment in the province.
"In about the mid '80s, things started to improve. And by about 1990, if you can believe it, almost 10 years later, we were almost back to where we were in 1981 in terms of house prices."