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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html5 F: @+ f' _* s" \- _2 `- K
! V8 G0 g+ D* b% d9 o& F$ z' AWE ARE PETRO-CANADIANS " g9 {0 d: T/ j( k7 R" b4 @
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 4 W# m1 |' N2 }
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We must now be referred to as "Petro-Canadians."
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/ H$ t: p& z ~WHY SELL NOW? 9 @( B; O1 ^' M+ w5 g% a) H
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If I didn't own a house in Edmonton, I'd buy right now, with the current 10% dip in prices that have doubled in the past three years. 5 e7 g+ k1 f) R$ t6 ?7 C* Y
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If I was thinking of selling, I'd hold off until 2008 or 2010.
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' |' F1 x0 n: z5 \7 M Y/ cHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it.
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( {3 c& r- @/ P/ j$ i5 Z; Q$ wWe're squat in the middle of the greatest industrial boom in the freakin' world! $ Q' M5 O! q+ U0 e9 J
( u0 H7 {8 [. }! r b% h+ OIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. % I: s- y( C) k- U6 h) D# z0 x
Q) r B& J$ |2 W6 k4 O- DTradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region. ( v. F% R8 D4 ]. Q6 t9 ^; l
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Every expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. r% c; w! b) D+ ~' F
1 E2 Y$ u! t% S! G3 O; Y! M# Z; mStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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- e7 y( J r8 m# B% GAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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House prices will go nowhere but up. |
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