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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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' u9 R) I' o, t8 F+ D" Q0 l+ _( iWE ARE PETRO-CANADIANS . J; G. }4 s0 V
) X+ _; q4 N; G9 a3 w5 J0 [" dDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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5 d( W7 @# {' C& C2 h. ^$ sWe must now be referred to as "Petro-Canadians."
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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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# \3 L1 v: q$ h: ?+ ~% ~4 J _* `If I was thinking of selling, I'd hold off until 2008 or 2010. ^9 D4 ]6 g" z8 Z$ d
" q8 d6 r. g3 X# [* @House prices, with a few peaks and valleys along the way, will continue to increase.
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& t$ Z& G) G( ^& wWe don't quite get it.
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: k3 M. z) J- U2 P- G. Z0 O! gWe'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: $3 billion per project.
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+ K3 o! ~( ~& Y% h' I( R$ \4 ~5 sEven 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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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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* z* ~( Y: `5 I: j$ ITradesmen 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. 2 T& j" B# X0 d% l) Q' A, 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. 8 e) Q# g% I. K/ g! u! A7 i% c/ \3 ^
# Y. B1 m; F, o) }& nStricter 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. ! D; \6 B' B ~1 J. u
: R7 W4 q6 U X6 u3 D7 XHouse prices will go nowhere but up. |
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