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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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7 Y' b% S7 O$ J8 w. NWE 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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& B7 v7 n9 {, pWe must now be referred to as "Petro-Canadians." ' W: G8 l) i: C
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WHY SELL NOW? $ z9 W0 C# a3 U9 m; J! x4 a
$ y4 M$ C; u/ L: e3 m+ hIf 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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8 B3 R, v7 u$ a' T! {8 L) bIf 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. , A! d, O" q+ @% l
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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!
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# Q! d! l, J6 o! C. [4 o. ]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. 5 Q A( _6 F3 l: J
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Even 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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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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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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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.
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) J8 Y: u' q: HAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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. R7 g2 v& I4 I8 E' W9 K3 o% bHouse prices will go nowhere but up. |
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