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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html* r/ B1 O, h; A1 A# M" E
! }+ X& c7 P% L7 f& E1 l( g5 BWE ARE PETRO-CANADIANS 8 \4 e; f7 r/ x3 j" O* z; _5 A
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." , c. m5 Q4 E* O$ ]
, s, e0 t% C# J% L' r9 x. ^3 l f; oWe must now be referred to as "Petro-Canadians."
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$ A6 X N) n* L& tWHY SELL NOW? - ?, V3 O3 ^+ E- {
9 j1 N: {, r- E# L) l RIf 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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# `; n6 r4 R8 h+ d+ hIf I was thinking of selling, I'd hold off until 2008 or 2010. K- L. w6 }: J$ `* y& M# i
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House prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. ; N0 q9 i+ J D7 W' v& Q
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We're squat in the middle of the greatest industrial boom in the freakin' world! 1 F7 c# E4 Y- c: N6 ?
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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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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. # A8 t+ ~7 Z: h: m2 Y% P/ `/ K
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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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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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Every expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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- j- d9 E1 Y+ @- ?Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. . V/ O2 S: ^8 V! \. V
5 b9 y& y( |! O+ U |And all those skilled tradesfolks, coming with their families, have to live somewhere. ' e- Z/ d3 N& j$ D- ?; g
! j; X5 { V8 r% s( kHouse prices will go nowhere but up. |
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