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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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1 k9 i7 c, E% ]# u( G% v, XWE ARE PETRO-CANADIANS
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- Y6 v* u9 S6 H0 Z7 }% d4 u% c7 QDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." ! O9 m8 o4 g0 s
' r/ B$ I/ D( {We must now be referred to as "Petro-Canadians." . I! c) y* l) u
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WHY SELL NOW? 8 f! m$ S9 ?* _7 t0 s. Y
* X" p* \5 ^! C+ ~+ i8 XIf 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. 8 k# H; P5 @6 b9 f0 ^
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If I was thinking of selling, I'd hold off until 2008 or 2010. : ~3 v3 E; R4 \7 V; \- k
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House prices, with a few peaks and valleys along the way, will continue to increase. & c M K9 W7 |8 g: f$ u) Y4 A
' w( l! i" ?( F; g: S, M3 KWe don't quite get it.
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We're squat in the middle of the greatest industrial boom in the freakin' world! ( n2 Z6 x' O" E' j0 d1 o* H0 d/ W
( @" f5 [! b# y/ a) d+ J! o4 kIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. & Q) m% | y% ^9 h- j8 l
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. 9 o/ M" W7 o. F# q% k' n# i
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. ; Y. I; i1 ^- S$ n# `7 y
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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. % ?5 I! f* L6 M. k6 h
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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. $ c4 v K8 R+ E0 a: _
' W% P a$ \, _, A, H7 x8 XStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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5 V$ r+ [+ t- a! rAnd all those skilled tradesfolks, coming with their families, have to live somewhere. 0 n5 p, B4 H3 u& a X- f3 J
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House prices will go nowhere but up. |
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