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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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7 M# s# T P* n$ i! vWE ARE PETRO-CANADIANS / g) R" g% Z2 Z5 b- L
/ V3 D$ ^) r8 f$ H0 [Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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We must now be referred to as "Petro-Canadians." 5 R& R. S3 O& d# K" q
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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. - i( ?- f: ~: s# i8 {6 n
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If I was thinking of selling, I'd hold off until 2008 or 2010.
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" j" }) |8 }3 l( ]. c3 @7 YHouse prices, with a few peaks and valleys along the way, will continue to increase.
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* S2 V. U" L* k; x1 M5 WWe don't quite get it.
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5 k h d$ D3 v# ^3 PWe're squat in the middle of the greatest industrial boom in the freakin' world! 7 W% V7 {$ M; U' e' S, G. V o. i. G! m
+ U6 ^5 N x, t: R. F) `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. & ]& W3 s, e+ Q/ u
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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. . Q" B8 l# m7 v2 [- C. M. {
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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. 6 e- d0 Z! j% A% c
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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. : v4 E+ N# \2 E/ ]; i
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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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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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* K. G& E' U+ R# `- aAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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! ~+ G j) i( e9 z6 J0 R7 [" Y: _House prices will go nowhere but up. |
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