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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html: z* r7 V$ K6 F5 k' {
6 D% l* p+ G" I: Q3 ?WE ARE PETRO-CANADIANS ' e9 x5 F( W$ y) _: }& l* R
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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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7 G. @3 b) f8 `/ V1 bWe must now be referred to as "Petro-Canadians."
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WHY SELL NOW?
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' _& S9 o: e5 `3 U1 y+ l4 UIf 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. # T7 |3 c1 K8 B* B; G3 g0 W
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) u& }) Y. ^# u/ CIf I was thinking of selling, I'd hold off until 2008 or 2010.
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/ Q0 W+ b9 | sHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. 4 H8 h% D" ?1 e- D' {( L
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We're squat in the middle of the greatest industrial boom in the freakin' world! 7 k3 R. Z$ q P: j
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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: $3 billion per project. ) ~8 O" @( C; M
1 `+ _: L! A* ^5 u- W; REven with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. " c' W% l: \9 y: L* H# O
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. * c N/ m& F3 U1 ?$ J
) u S* ~$ n) W& ~ C. s1 P. hTradesmen 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. / q, l8 @# ?) i
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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 $10 per barrel, but oil- sand operations can still make a profit at those levels.
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2 v: |( S( Z2 }$ WStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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8 g% f* q2 C, X+ D0 wAnd 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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