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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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: H6 F/ S' b) sWE ARE PETRO-CANADIANS ) ]8 B4 C/ f7 x S$ ]; [$ \
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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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We must now be referred to as "Petro-Canadians." " C) x* B$ l7 x1 ?$ Z# l7 S! N
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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. ! Z1 s* Y0 z- ?' u
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If I was thinking of selling, I'd hold off until 2008 or 2010. 2 A7 w, K) e3 f& b; m: [) b
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House prices, with a few peaks and valleys along the way, will continue to increase. / Q1 h Q3 K4 k+ j3 |8 A
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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! - a; y1 F C0 k$ x, `
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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: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period.
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Tradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region.
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, P; N5 q) d# @$ s- l5 q, @' iEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. ' Y. Q6 N% B1 _% |
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. - Q9 f+ z- }& V1 z
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And all those skilled tradesfolks, coming with their families, have to live somewhere. - C$ T1 V: V) @% H! G
9 S) I$ a8 P4 t3 h0 v4 }3 a& QHouse prices will go nowhere but up. |
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