How is the oil going to affect the real estate market in Alberta?

I have worked in various sides of construction from residential to oil/gas. 

I've seen these "man camps" set up all over texas in the oil fields.  

I am looking to buy once oil crash start bringing the prices down.

Here is the quick rundown:It's a 3 units ($675 per unit...it's oil heat and own pays but we will switch to gas after closing IF it happens).Contract date 5/13/13Commitment date 6/14/13Settlement 7/3/13Purchase Price: $75,000Appraisal: $80,000The current owner had it appraised last year and the bank actually hired the SAME appraiser so that process did not take long at all.

Forget about all the snake oil books get your questions answer here on BP.

I'm worried that this wouldnt be a good rental -- there are a ton of upgrades in the home - built in movie theatre room, an expensive staircase - just the oils from fingers leave tons of marks, same with all the cabinets.

Be sure to set up some Keyword Alerts- especially for "Olive Branch" so you'll be notified when people mention it here in the forums.If you haven't yet, try reading through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Thanks again for introducing yourself!

My husband works in oil and gas and I work for a medical device manufacturer. 

Also Tyron many investors are worried about oil prices in Houston right now.