Alberta Migration Stats...
Population and migration play a key factor when it comes to the real estate market. Simply put when migration levels increase and more people come to an area, either from other region, or country, then typically the demand for housing increases.
This, in turn, tends to push property prices up in both market value and in rental value. This occurs because more people need accommodation and they’re willing to pay more for it.
Take into consideration that population is only one key factor in real estate values. So increase in house values going forward in this economy I don’t think is very likely.