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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html) J$ U. m( J0 s1 ^
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WE ARE PETRO-CANADIANS ; f+ k& `- {( `7 ?0 ]; ~
1 N( h6 a" \( L2 A$ B( f1 x5 @2 hDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." $ i; ]: c3 r4 }3 y, d' V/ N+ X
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We must now be referred to as "Petro-Canadians." 6 Z7 i: f6 b u
: g. f) V( y" t9 L# V) f) eWHY SELL NOW? & v7 c( M4 n; T* J6 n. U
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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.
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+ O: E3 V- E& W8 XIf I was thinking of selling, I'd hold off until 2008 or 2010.
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6 g9 z! i+ Q6 w/ WHouse prices, with a few peaks and valleys along the way, will continue to increase. 4 L2 e; v. w* d6 {
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We don't quite get it. ' m, ]* M. E1 [7 G
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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: $3 billion per project. ! l# W# I: b- y* t& _: |9 h, ^8 u
3 q" K) ?1 X. S- gEven with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. + M. a' Q$ S5 Y
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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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Every expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. ( R9 c( p; R. w, w+ f9 Y
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. 1 d5 R$ L8 ?3 p0 v
2 ?& X& w- k. c/ |4 I, UAnd 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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