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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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. @& R7 M1 E% GWE ARE PETRO-CANADIANS
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+ s( ~- @/ V; ]Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 8 u1 b5 M6 u( v; ^9 q
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We must now be referred to as "Petro-Canadians." 0 |4 I! o5 v3 |) `* U" t
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WHY SELL NOW?
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* Y* B. Z w, S8 u5 qIf 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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) R9 b' g# R5 L& F% p7 dIf I was thinking of selling, I'd hold off until 2008 or 2010.
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5 X7 ^' ` R( I- y+ v6 a5 ^3 b; QHouse prices, with a few peaks and valleys along the way, will continue to increase.
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" B$ A2 a/ d8 m! vWe don't quite get it. ! U4 m* s9 K* n( z$ M# n
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We're squat in the middle of the greatest industrial boom in the freakin' world! 6 W: [* q# p0 q- Z1 G, f( b
# z! s! e* T" M! A3 JIn 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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7 c( }# k+ }* N; K7 ^& xEven 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. 8 e7 q: I2 F% z% |" b
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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.
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9 }2 |. @& P( Z( _. t3 jTradesmen 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. - F1 c* \ }6 G+ w6 Q
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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.
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. 6 h/ Q ]* v* D
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And all those skilled tradesfolks, coming with their families, have to live somewhere. " `. @1 r, m: R" g. ]& i( w
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House prices will go nowhere but up. |
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