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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html+ Y7 e2 u! P, i! Z' g+ W
- ~# c. g0 T2 o2 r# T4 P, t# aWE ARE PETRO-CANADIANS
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1 q* K5 M) O5 J' X; hDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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0 G/ P4 S% X! c0 z$ {1 A TWe must now be referred to as "Petro-Canadians."
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WHY SELL NOW?
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' Q! l- T; v/ }2 H, _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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, ~, r& n3 d+ ^2 n, L1 }: }7 RIf 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. # B0 V: h$ ~2 |. }" d
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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: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. " f! f8 }2 r# ]
! q. i. B* v v0 N" O& jUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. ) z' m' x3 ?4 O$ _9 m+ t8 A
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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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- p6 k3 B$ l! |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. ; m w& K4 t/ Z5 ~0 @ K: ?5 A
; d6 n' S4 ~& eStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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K& F+ G3 G! u* SAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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, c4 s; i+ X0 j/ BHouse prices will go nowhere but up. |
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