What a terrible experience for those inhabitants. I spent many months up The Mac for geological surveys when I was younger, around the mid 90's. It was always a cobbled together city with rent and homes at astronomical prices. Now that the bottom has fallen out of oil and Harper is no longer able to slide money to his big business cronies out there, it's going to take a very long time for Fort McMurtry to recover, if it ever does. Seriously, if you owed a mortgage on a house, you lost your job and had no other prospects, why wouldn't you just abandon it and head back to Newfoundland?
Seems like they can't catch a break, hope people banked some of that $80/hrs labour when the times were good, but only a small fraction ever do.
My heart goes out to them.