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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html) m8 \. k: f2 D# h
: a& F& n) w1 p; }3 {9 l* gWE ARE PETRO-CANADIANS 2 o* b- ~8 w2 I* r6 g5 q
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." ; Q. Y9 t T' v3 b
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We must now be referred to as "Petro-Canadians." ( o7 Y. y4 [2 W. } Y: {- }
& m1 u3 |& t/ O0 D! IWHY SELL NOW?
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6 \ w" Z& r/ R" y0 Z5 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. + M" h$ I8 E6 F7 a6 d7 L: G
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/ s$ B; }% l: a, K# g- C& j2 [If I was thinking of selling, I'd hold off until 2008 or 2010.
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House prices, with a few peaks and valleys along the way, will continue to increase. & t8 V& j% L7 C3 g3 W
0 {: g2 F* k- S7 V, u2 x$ g/ }We don't quite get it.
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We'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. # f2 u0 i B* M1 h5 j( w
( p: V4 ^# z; q. d' J# h7 Q+ MEven 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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% E+ `! D- X m! T8 H4 _Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. & c% P7 r9 _* f8 B# F
+ f: H" r0 C* H/ C2 x; lTradesmen 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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Stricter 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.
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House prices will go nowhere but up. |
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