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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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& X2 H9 A: ?0 _0 z; ~/ ?; ~WE ARE PETRO-CANADIANS , B, z, p4 v; c% v4 Z$ x$ L) _
7 M* \. t5 ]) ^9 mDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." $ a- f) d. E8 R+ l
' O5 B; m# m7 I$ [) ]$ \6 j, Q4 tWe must now be referred to as "Petro-Canadians." ( x# l4 I9 j) x. f
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WHY SELL NOW?
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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.
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If I was thinking of selling, I'd hold off until 2008 or 2010. 6 q! }1 V+ f3 I' a/ g, T
5 J% ]2 o4 g4 g" i b+ LHouse prices, with a few peaks and valleys along the way, will continue to increase.
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! b: d5 C0 L6 J2 a5 D8 \$ K- cWe don't quite get it.
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+ k# }; S! C* @. xWe're squat in the middle of the greatest industrial boom in the freakin' world!
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In the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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" y$ ]9 U' Q( W! m1 F2 }' ^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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n: Q' D( ^# m% x+ O# u$ FUpgraders 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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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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7 G- C3 G/ P+ x0 eEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. ; [2 M% r* K2 t
2 d" z _, o! X. W, BStricter environmental safeguards will increase the cost of production, but won't severely slow it down. ! E: E# ~% q0 G: G" Z7 H
9 t) R0 a+ g$ a# E- e eAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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N0 h8 A3 o9 PHouse prices will go nowhere but up. |
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