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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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) `) G4 N- m! Z _WE ARE PETRO-CANADIANS
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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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2 X. f% b9 s4 _We must now be referred to as "Petro-Canadians."
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) n2 p: }/ z/ @4 [WHY SELL NOW?
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# q6 ^5 |+ S j' K3 `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. " w2 O" b, m. N. k$ G7 d
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If I was thinking of selling, I'd hold off until 2008 or 2010. ) \7 h2 i e8 I& F0 |: P
) k: U* x% y9 d( c) F/ ?3 ~% EHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it.
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We're squat in the middle of the greatest industrial boom in the freakin' world! ( D$ M' a' g; w. b3 K
* f: f s* A& ?5 k' L! ZIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. ( u6 `% \' X4 w7 l; H0 H4 Q3 w% Q
0 ^% ^( j# F4 m3 k* X$ 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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) Z0 _# u( | a* u$ XUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. 3 B2 N7 o" x) a2 H5 l, D t' F
: f i1 s$ i. M M( T) H7 {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. 2 U6 ?& Z3 \& r4 _, R8 ? D1 a
* ]7 C o; `% J+ EEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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: [& Z t0 A: M( e0 M4 \! n# ~4 yAnd all those skilled tradesfolks, coming with their families, have to live somewhere. % L9 Q$ S$ Y2 h
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House prices will go nowhere but up. |
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