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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html2 t2 X K) R, P: \( {: R) x. v
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WE ARE PETRO-CANADIANS
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7 b! u3 }: b1 r' c; v+ SDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." % s# b# r( O' W3 g
5 }' z# ]- Z# NWe must now be referred to as "Petro-Canadians."
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WHY SELL NOW?
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9 }! J$ A7 Y9 \. P7 AIf 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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: X# f( }3 d+ e3 o7 h, }" tIf I was thinking of selling, I'd hold off until 2008 or 2010.
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' u: Y$ F7 Z. q; eHouse prices, with a few peaks and valleys along the way, will continue to increase. 0 s+ A# W1 s0 x# O& m3 Y7 q# @
; w5 p7 E: x. p* L' J! W& J* uWe don't quite get it.
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5 {, i4 p0 s2 S2 I% o# wWe're squat in the middle of the greatest industrial boom in the freakin' world!
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}# W( `, X5 y+ H* sIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. % e3 \. W* ]$ z9 j D3 [! [& a) R
% s1 ~. o3 \% W4 ~2 f lEven 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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* i: {2 Y- w. G( I8 oUpgraders 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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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.
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$ }9 W1 j' U, i# TEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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5 c5 H. T3 d. u" i E# y3 jAnd all those skilled tradesfolks, coming with their families, have to live somewhere. ; O1 l1 Q# l' {$ n4 g$ ]( p z5 I
; _5 a3 z) f# L; v+ a e ~+ AHouse prices will go nowhere but up. |
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