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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html( ^$ o, Z3 c) L# E% N2 ?$ l m
& |2 n0 f0 f" K" }+ d6 E/ vWE ARE PETRO-CANADIANS 8 e; g3 p7 G9 p" g
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." % m0 r3 Y! } _$ w
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We must now be referred to as "Petro-Canadians."
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WHY SELL NOW? ' `$ h6 l4 a% f
2 O- p$ x3 x$ o0 P- N1 W. B" Q$ UIf 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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9 x6 }6 H c+ h0 @. ?& {2 _5 u8 Z. o9 ]If I was thinking of selling, I'd hold off until 2008 or 2010. 5 X" N* Y) }+ w+ W+ G, E) A
6 H# x- t; M" i+ t4 {! X! D) \House prices, with a few peaks and valleys along the way, will continue to increase.
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0 ?: A" C" y' F8 ?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! 6 {6 i+ X- |) S( R. g: L. c! l
/ Q: h4 {: C- n: kIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. 0 e% U/ y! ? R) E) m5 x" V
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Tradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region. + V4 z. z5 S/ _" \& A0 L
5 A7 j$ F) [7 t8 sEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. ) N3 c# i, ^$ p& m8 c' H
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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. 9 O6 ]4 y! v4 y9 @1 q$ K7 Z! A
* S' O% N8 Q# WHouse prices will go nowhere but up. |
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