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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html: j9 n: Q4 m6 e6 {
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WE ARE PETRO-CANADIANS N: A$ Q! E" }0 F% m! t5 m
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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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* D# g3 X* e- H# I& k' \We must now be referred to as "Petro-Canadians." - U6 f8 O/ u! G# g; |6 U
1 s& a. D$ p: w, d1 G1 q& JWHY SELL NOW? % y$ k) P0 y1 K
1 J2 {/ }4 g% `( f3 x$ \* |! y+ yIf 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.
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7 W8 k5 s. {, mHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. : o9 A5 P* q+ Y7 }& C# C `) q5 O* _# @
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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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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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6 i0 C9 V. n" ETradesmen 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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) [+ h) ? Y* }; W0 O' S" [Every expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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And all those skilled tradesfolks, coming with their families, have to live somewhere. 8 J$ M* _$ w( L( m% a* \- S/ x
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House prices will go nowhere but up. |
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