West Fraser Mill Closure in Alberta Leads to Increased Rental Vacancies
The closure of the West Fraser Mill in High Level, Alberta, has resulted in significant economic repercussions for the local community. The mill's shutdown led to the loss of 190 jobs, causing a surge in rental vacancies and an increase in homes for sale. Realtor Margaret Carroll, who manages around 200 rentals, reported an unprecedented number of vacancies, with 24 currently unoccupied. The town, which has a population of over 4,000, is experiencing a 30% increase in active home listings compared to the previous year. Despite the challenges, Carroll remains optimistic about filling the vacancies, citing ongoing inquiries from potential tenants.