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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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, c. V D- F! Q# F1 v2 MWE ARE PETRO-CANADIANS & c4 x, S6 s; A5 s
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." ! n& N- |3 j1 @8 ^$ I
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We must now be referred to as "Petro-Canadians."
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WHY SELL NOW? / V/ L8 M$ E: w9 l5 k
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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. + H0 r+ R3 S3 V
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If I was thinking of selling, I'd hold off until 2008 or 2010.
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House prices, with a few peaks and valleys along the way, will continue to increase. ) r4 i* y5 E k
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We don't quite get it. ! l/ r. N8 T, W% W5 V, T4 t& l
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We're squat in the middle of the greatest industrial boom in the freakin' world!
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& {1 {1 }* z. K# H8 @8 ^In the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. ) a# @/ `4 R" Y8 I
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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5 Y/ }2 g' U: YUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. , d0 w# C4 d& j/ k: C: c
: s& ], |$ T& c- F2 CTradesmen 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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# }7 K9 s" ]4 j; NEvery 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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6 W3 e% N' ]1 R4 r. c P1 s4 UStricter environmental safeguards will increase the cost of production, but won't severely slow it down. , E* y' C2 {! q4 ^. W
- v9 G! v+ m2 t- {" y& W& GAnd all those skilled tradesfolks, coming with their families, have to live somewhere. % `! k0 I: l9 V
. Q C6 G* P& f! s' gHouse prices will go nowhere but up. |
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