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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html! n0 d" Q1 m2 c5 c3 N! L4 y0 V. t
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WE 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." ( F5 j l+ l& Y5 \+ V
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We must now be referred to as "Petro-Canadians."
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WHY SELL NOW? * ~: ?, G) o+ U
+ m5 J: O+ o- z8 K* N T# kIf 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. , M5 v7 k$ H5 Q8 H, n
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; G4 C2 n3 j( D% C) M8 w9 s, hIf I was thinking of selling, I'd hold off until 2008 or 2010. 6 e' A3 O3 Y+ ]; y, ~
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House prices, with a few peaks and valleys along the way, will continue to increase. - Q4 g) L& P/ [, h) @
4 i1 {% Y4 ]$ d2 H& KWe don't quite get it.
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We're squat in the middle of the greatest industrial boom in the freakin' world! / ?9 {8 t* E$ d8 Q9 v w7 P7 g
' Y+ y( p8 f6 g9 D7 n T7 a, c% JIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. R; e7 |( T: v3 B
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. * n( E/ i5 D8 e' c
- k! p- M4 j7 H1 ^, M# BUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period.
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Tradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region. 2 o$ C: L5 n7 l7 [( _1 C" H& L
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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 $10 per barrel, but oil- sand operations can still make a profit at those levels. - K, Z: o+ {5 ]3 I7 O4 T
% ?$ t7 W4 K |, T+ c* k SStricter environmental safeguards will increase the cost of production, but won't severely slow it down. 1 Q/ _6 A) `/ ?# k/ X4 W
* m. r% ~0 ^5 T. I4 s! Y1 o+ oAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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! U7 g4 Z t$ J: a1 AHouse prices will go nowhere but up. |
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