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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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3 t7 b" _+ D0 F! B. }7 B8 g+ CWE ARE PETRO-CANADIANS ' R1 l3 M& l% f/ J1 i7 G* Y
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 2 H r+ l7 F2 ]: e( }9 `
2 P. V( ?4 M; yWe must now be referred to as "Petro-Canadians."
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0 n$ K T, _4 e' w4 s* i" f7 S% RWHY SELL NOW?
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( o( Z' ], z! CIf 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. 5 e! t' F& A& e: f6 O9 ?
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If I was thinking of selling, I'd hold off until 2008 or 2010. 7 D- m$ ? `. R% P+ h2 ^
1 g1 y; H* p0 ?/ Z# o) P! RHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. ) L. q5 I" t5 h2 M
3 O8 h6 D7 b1 d9 v. W6 m: L4 lWe're squat in the middle of the greatest industrial boom in the freakin' world! 1 ]- r9 Z" T# ~' @/ n
4 C& }; t; ]# D! Y9 MIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. ( k& t) _' I, _$ {' x |. m7 a& } z
+ y& J' x. m) y$ F/ J# bUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. ( G; }3 O/ G' G
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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. 5 p& g; `$ ^! q- j+ N1 p
1 S. p* D2 ^6 e2 z7 T" kEvery 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. ! j# Z4 u- [8 o1 h. A
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And all those skilled tradesfolks, coming with their families, have to live somewhere.
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House prices will go nowhere but up. |
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