There is no doubt in my mind that the price of oil will come into play and it will affect our buyers from Alberta, who make up close to 20% of our transactions. Realistically, if we maintain the same activity as 2014, then we are in for a strong year. Prior to the drop in oil prices, 2015 looked like it was just going to continue to move right on as it did in 2014. But even with a significantly lower oil price, December was one of our strongest months for increased activity and January has started off strong too.
Should the oil prices remain low for a relatively short time, which we all think they will, then we may not see much affect at all. If 2015 sees a full year of low oil prices, it may start eroding consumer confidence which has been the main driving force for a strong 2014. The next few months will be interesting.