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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html* W& m0 [8 x7 e# t m
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WE ARE PETRO-CANADIANS ; U2 k9 O: y( e- T7 p7 ~" H
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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4 b+ D/ i& D( b4 sWe must now be referred to as "Petro-Canadians."
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' b+ C' T+ N, s1 A4 RWHY SELL NOW? ' [* V* X' C% F( A
) S( I" z2 y/ f+ d' L' H CIf 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. - `1 F0 S' P3 _& {' E# |
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8 N$ L5 l1 x* @If I was thinking of selling, I'd hold off until 2008 or 2010. 7 F, S; n* U; O6 M# C* A
3 ]' }& a" W: GHouse 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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' u+ P2 N7 x' ?* G0 b% LWe're squat in the middle of the greatest industrial boom in the freakin' world!
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3 T0 ] u& j0 D( Q, S; KIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period.
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8 b7 S, C; k/ {- c1 STradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region. L( T1 P+ h; L. Q' ^* o
; }- l% ^8 |7 h7 M( ^$ @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.
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( B8 X3 Z% H r P, SStricter environmental safeguards will increase the cost of production, but won't severely slow it down. . c- `/ Y. J* j0 E, e
+ N( u* P5 S9 _. r9 KAnd 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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