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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html: S) z( n" w( T, Z& D
' M5 v, {( e& W; f! H; F& g' sWE ARE PETRO-CANADIANS . m: m% p' y0 I5 ^; j* q
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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* n9 V" g( f+ H+ E$ c1 tWe must now be referred to as "Petro-Canadians."
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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. " j5 Z" i6 @0 c1 Z U% t& K, r
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If I was thinking of selling, I'd hold off until 2008 or 2010. a& |7 C3 o7 J1 } Z
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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. + }* t6 O' Q0 G9 F0 l2 V
' A0 h0 v/ |- e1 j0 j1 hWe're squat in the middle of the greatest industrial boom in the freakin' world!
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% H. Y! T! S( q2 J" q$ v; NIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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' a2 D; z5 r0 T3 ~) nEven with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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( P/ D7 ?, j- \# f2 p$ dUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. * y, N! ^+ c# F! s9 A5 L
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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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3 F0 v* Q: s' a) w8 Z3 `1 e+ J9 lEvery 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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& M: R5 w: P: h+ Z) }% ?# RStricter 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.
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: d/ _- e8 t; p' u1 `House prices will go nowhere but up. |
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