A recent article in the Calgary Herald suggests that an increase in New Home sales in Alberta has plenty to do with among other factors, an abundance of new jobs - especially in Wood Buffallo.

Oilsands development is the primary economic driver in Wood Buffalo, which has Fort McMurray as its population and administrative centre.

As of June, there were more than $104 billion worth of projects either being proposed, under construction or recently completed in the region, down $10 billion from December 2008.

More than 91 per cent of these investments were in the oil-sands.

With an economy anchored solidly in oil -- and with the price of oil improving recently from a low of $39 US per barrel in February to $70 by September -- some projects that were placed on hold have restarted.

Others remain on hold or delayed until economic conditions further improve.

There have also been signs that employment in the region is starting to see some signs of recovery.

"Employment has recorded five consecutive month-over-month increases to the end of September," says Oin. "Correspondingly, year-to-date average employment losses have been declining."

Unemployment has moved lower to 4.6 per cent in September, down from 6.8 per cent earlier in the year.

This drop in unemployment over the past 5 months is a very strong indicator that new jobs are on the rise, and that this trend will continue well into the new year.

Get started on finding your perfect job in Fort McMurray today!