It looks like falling oil and natural gas prices are having an impact on Edmonton home values.
A well known Edmonton real estate blog writes:
I expect we will find we are in phase 5 of the real estate cycle and will have to wait and see when sales start to increase.
Fortunately, my Canadian friends have done great with their Arizona home purchases. Arizona home prices are way up in U.S. dollars and are up much higher in Canadian dollars.
Call me if you want to talk about it.