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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html8 L# E1 K) o$ Q; G( ?4 E
% k2 c, L% B% h4 H& N/ o4 v, Q- _/ iWE ARE PETRO-CANADIANS
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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- q: Y% r( ~( u5 J8 gWe must now be referred to as "Petro-Canadians." + o" d0 y# Q, M* u: C" e
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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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If I was thinking of selling, I'd hold off until 2008 or 2010. 5 V1 h/ x3 r% i& S! r; g8 `& Q% e
' T& G% h+ z6 `) L WHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. 0 R5 w) x/ W6 U- }
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We're squat in the middle of the greatest industrial boom in the freakin' world! $ Q8 q4 K p8 }9 r ~
+ b- }" `+ c( n2 U r8 xIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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: u$ J/ W! A1 ]4 S, ?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. 3 |9 V4 _* x0 c1 ~) [, M7 A0 s
' ^4 U: V3 J: PUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. - ~- R4 s/ f8 F: I) k
9 }, v" P3 { y6 Y; Z; [ UTradesmen 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. y4 V% [ x" _; ~
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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. 6 ]: S# t: l, c' O/ K' l, {+ O
/ c- }, @; G( D6 XStricter environmental safeguards will increase the cost of production, but won't severely slow it down. * {4 u# P c5 }% _, w: a. ^* ?2 F
' e( ]; v+ A9 {6 e4 bAnd all those skilled tradesfolks, coming with their families, have to live somewhere. 6 M# `) N+ D! d6 q4 \
- w# l7 q! f6 F5 H8 P2 s" {House prices will go nowhere but up. |
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