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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html- a9 d5 W' B* Z/ k
/ {+ x( `! w. o. nWE ARE PETRO-CANADIANS 4 F r% A- L! h; ^
/ m4 f* q3 l! F, @9 hDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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" d9 Z8 p+ C! G3 r2 I) `0 \5 KWe must now be referred to as "Petro-Canadians." 3 c5 Q5 c1 i( m7 {1 Z
. g5 ?' e7 t% t0 G$ l: R$ o0 j- O! SWHY SELL NOW?
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' w2 L. a. [/ x7 i8 MIf 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. 6 ^! T7 \. W: O5 h, b5 [
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If I was thinking of selling, I'd hold off until 2008 or 2010. 2 K, A+ d4 ]! a# h1 P, M
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House prices, with a few peaks and valleys along the way, will continue to increase. 6 `: K& K) v0 n# Y% t7 a3 R
( S" U! T+ G( R5 c( D0 rWe don't quite get it.
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3 d1 c. O2 j& h6 P" x& J& UWe're squat in the middle of the greatest industrial boom in the freakin' world! & H: o1 F B% r& s6 ]4 z7 @
: E+ c8 Q3 M) UIn 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. : R \1 o' p+ o
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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. : Q" `& C+ H# i+ ?' w6 o/ W
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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. / U2 ]: H; U1 K& b3 A9 i
; x2 N( y: A- p( H- }Every expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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! J' h8 x0 C! g/ uAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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5 w; M: k8 r% h+ x$ v. W2 jHouse prices will go nowhere but up. |
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