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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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WE ARE PETRO-CANADIANS
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7 {, O; w7 R6 M) i5 d. HDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." + \, I" P7 A- V7 {
; D0 G Y: `% r% AWe must now be referred to as "Petro-Canadians."
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WHY SELL NOW? ! R6 L% w5 n7 H# Y
* }) }/ p' ]% j4 ~# mIf 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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$ r; }5 H% E& G$ G5 U- j/ o) oIf 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.
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We don't quite get it.
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6 j" W& n9 `) i4 @# {We're squat in the middle of the greatest industrial boom in the freakin' world!
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6 r \& x0 G: R# h3 t1 ? {9 fIn 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. $ Y6 l5 ^$ A3 U( {4 v
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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. 8 L1 o# w$ i8 d# M
5 `- F, X, ^$ M+ J3 BEvery 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. {+ Z& P0 m8 K5 a% A6 o
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. 1 L3 A b: n/ y0 y5 l
3 d! i/ z" ~8 r; U# ?0 LAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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- `6 E3 I3 @1 z8 } ?9 PHouse prices will go nowhere but up. |
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