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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html. F- w2 q+ Y9 G/ `6 M: o
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WE ARE PETRO-CANADIANS . b- n* H) ~1 J) a7 l
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 2 d3 |( h! e1 O$ H* }
6 J3 F- ]' e$ X8 C$ m% i8 x# pWe must now be referred to as "Petro-Canadians." 3 `) }" H( l8 R+ g8 q+ k, ~
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WHY SELL NOW?
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3 c, V0 j3 u) ~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. + E3 n5 [6 D7 C3 C& F: ]
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If I was thinking of selling, I'd hold off until 2008 or 2010. c# V1 J: t. Y/ M% I
5 n& j) q# a, w) `% l( w+ H6 O7 R' LHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. + s2 E* X1 @, r
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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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; x* i5 }* Z: t3 I: aEven 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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6 V6 c) h. P( }/ ~! ]5 B+ w3 ^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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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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- x& D2 Q2 ?& L, x( t6 K) I" HStricter environmental safeguards will increase the cost of production, but won't severely slow it down. $ G3 L" f* w' I3 q
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And all those skilled tradesfolks, coming with their families, have to live somewhere. % L' L4 E( B. C6 k# x( M1 d! x
; h; b; i4 I/ j3 x: ^* OHouse prices will go nowhere but up. |
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