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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html" L3 N0 L( H. Y' R. m4 |3 C& K
/ g, t, C: A* T. ^/ t0 H- c( j# @WE ARE PETRO-CANADIANS
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/ c1 `% q1 V: Y$ cDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." , Q- G6 p9 F. A5 x
! v7 M, D2 ^- |) a$ JWe must now be referred to as "Petro-Canadians." , P' d! |7 M# w) {3 Q
$ v- U% V" F5 {) Q* q7 Q- i' jWHY SELL NOW? 4 Y O; A0 Y1 H# I' ~
+ {# g5 M5 X7 E, _2 Q6 x, d! 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. 2 Q! A8 a7 _" S# H8 I! T- R
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If I was thinking of selling, I'd hold off until 2008 or 2010.
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" R% I! ]1 c' dHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. 3 j" z+ U k/ [
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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.
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k) I F% r& d4 H. _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. ' A: Q& \- {% S8 O. ]) T
+ X) r% @2 W0 x) d+ @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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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. ! Y- o% H* f' s2 l; m
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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. % N+ k F) b8 L; L- m2 l2 _
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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' L, h& {* e, ~ H# \And all those skilled tradesfolks, coming with their families, have to live somewhere. 5 r4 g e% T3 {" x6 c
3 L. H6 G2 H2 |% ^& V: LHouse prices will go nowhere but up. |
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