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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html' P6 a- n3 i9 N% F" ?! S9 e
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WE ARE PETRO-CANADIANS $ K6 \" _; G3 |2 j, w
4 r2 }; J! }' q9 w1 cDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 4 a$ v9 j& I, f( l1 e/ ^5 ~3 A% b
- L' q; V+ g( j) {2 `" G$ p5 gWe must now be referred to as "Petro-Canadians." " @) `9 x# p# ?% G! y/ S3 f+ q
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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. 4 ?; \% C0 ]: i/ e( O# @3 o( ?
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If I was thinking of selling, I'd hold off until 2008 or 2010. ) E' L: J" A7 N+ e- ?2 ~& C
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House prices, with a few peaks and valleys along the way, will continue to increase. # v! i7 |3 B, V, X C M
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We don't quite get it. ' h- P& g( |( k! N
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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: $3 billion per project. * |7 r) V5 I# \0 F% k9 F
) A7 \! p3 B0 ]$ Q4 I; X- eEven 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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0 ?$ H5 L0 m' v5 O; I& bTradesmen 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. ; s7 ~8 L2 ^1 Y9 _) _' g7 Z( `
" ~) ^( q' D- ^* ZEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. / i& O$ V0 |* p; p0 N& D4 F
, }3 ^9 m/ Q. Z! WStricter 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. ; ?; E" m7 c1 U' ]! I
: T# a7 a/ g9 KHouse prices will go nowhere but up. |
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