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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html) X) F2 c4 D8 V: Z, {# q U, U
8 Q2 ~0 S2 n2 J8 k3 \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." $ O7 v4 q/ G- f; x( N9 y+ a: u, @7 h" K
+ w# I: S9 O1 |) }+ J qWe must now be referred to as "Petro-Canadians." * B l8 O9 }6 [! E* e
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WHY SELL NOW? " n, x1 ?% |) ?! N! u
( w! @, ~. Q, i& V( S5 x0 vIf 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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If I was thinking of selling, I'd hold off until 2008 or 2010.
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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. - l3 c" L: \5 ?6 |, l h4 w
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We're squat in the middle of the greatest industrial boom in the freakin' world! 1 X& V! P0 ~7 d& x
4 e x; U0 z) c, k7 g$ QIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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|) F7 l, }) I; R, s1 UEven with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. + V( x1 i" s* e! \
8 f+ H; W$ k) ]( ?* ~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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; a# d, Y7 S: C7 W, L# kTradesmen 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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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. ( v4 H, C* @' ^3 t
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Stricter 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. 7 _% b/ Y- x u; o0 n9 h
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House prices will go nowhere but up. |
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