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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html ]0 w, \. Y- g: y
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WE ARE PETRO-CANADIANS
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$ k- G1 T6 h9 F8 A! P8 ^/ {Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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& L" a% a% o+ } fWe must now be referred to as "Petro-Canadians." - @3 ^+ n/ @) h+ d: a8 C. S
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WHY SELL NOW? 3 v6 i" o' j" e _; ~/ e4 u, _, u# k
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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. 0 s6 @/ A2 y" y3 R; V/ t
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If I was thinking of selling, I'd hold off until 2008 or 2010. 8 `3 P0 k8 t" \; Y p3 e* N
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House prices, with a few peaks and valleys along the way, will continue to increase.
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) R- S: Z! v' |8 X4 t: MWe don't quite get it.
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We're squat in the middle of the greatest industrial boom in the freakin' world! / J/ S: w/ s0 Y1 U2 _7 F
' G6 [$ ~* k" n2 M7 ?) GIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. 1 h, `( v9 ^9 G A% H4 i# }
2 R1 u! X6 i2 cEven with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. ! \$ R+ | q2 q, b
, q+ R; l( r: R$ E6 Y" KUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period.
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5 l* s9 ?( u; H# o/ b* ~Tradesmen 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.
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3 b) M/ a9 w7 DEvery 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.
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- Q, p/ O- v3 N# u! sStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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And all those skilled tradesfolks, coming with their families, have to live somewhere. $ e0 l% E8 p; z2 ]
/ v: f& x* v9 kHouse prices will go nowhere but up. |
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