REALTORS® serving Calgary and area


CREB Now Logo

Calgary's trusted source of real estate news, advice and statistics since 1983.


Stories Tagged - keystone xl

Kinder Morgan’s Trans Mountain line would increase access to Asian markets. Photo courtesy Kinder Morgan

Dec. 21, 2016 | Brian Burton

In the pipeline

Energy project approvals spark good news for real estate; just unclear as to when, say experts

In the closing days of 2016, Calgary's oil-driven housing market has received a welcome jolt of excitement from the federal government.

Ottawa approved not one, but two multi-billion-dollar oil pipeline projects, promising to move nearly one million barrels per day (bpd) of additional oil to United States and global markets upon completion. The two new pipeline projects would increase Canadian oil shipping capacity by 24.9 per cent.

Connect With Us