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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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WE ARE PETRO-CANADIANS ' C: H& I1 q6 e% [. H
/ Y: ^# V5 i) a J/ WDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." ( e" F5 P. t+ s% ^* ` e+ n
: ?0 I* n+ a# bWe must now be referred to as "Petro-Canadians."
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WHY SELL NOW? R# q% Z7 Y& F" V- v
! o6 d+ a; @* X2 A( E+ `# HIf 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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If I was thinking of selling, I'd hold off until 2008 or 2010. ' {/ d C5 y" `: x8 k( }
1 d/ W- X$ z' Z( w) i0 yHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. a9 Z# o% i$ _9 O8 D
5 i% J! d- s# M0 X5 u4 UWe're squat in the middle of the greatest industrial boom in the freakin' world! + l" [" t6 n" |# x! O+ W4 A7 w
+ X% ~) Z) R) N& \6 a' ?7 P) oIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period.
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" V* \9 { [: X ]0 p PTradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region. 7 f" P1 U# Z$ t& W& L
$ j, b7 ?$ ~7 i; fEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. 8 a0 E7 ?7 k7 d) T! f$ \6 {
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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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" }" N, T* O1 } i% @1 C! i% M+ f2 aHouse prices will go nowhere but up. |
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