The Keystone XL Pipeline
TransCanada’s Keystone XL pipeline has been one of the most captivating and controversial North American projects in the works for quite some time. While many had almost given up hope of the pipeline ever making serious headway, a groundbreaking new vote on January 29, 2015 could pave the way for the multi-billion dollar dream project to initiate.
Of course not everyone is happy about the prospects of Keystone XL actually becoming a reality. There are parties passionate about protecting the environment on both sides of the border, which would prefer that the plans be shutdown. Then there are those that don’t want their property disturbed.
The main question for Canadian property investors is how the pipeline will affect the market. With the recent gift of the surprise Bank of Canada rate cut, the nation’s property markets are optimistic and consumer confidence is certain to continue growing