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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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WE ARE PETRO-CANADIANS & P) r1 c9 [* U+ A' K
8 P$ J. I0 R6 N0 sDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." ; N0 J$ [6 V0 b# B0 ^' G
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We must now be referred to as "Petro-Canadians." . \; c, C1 ^% _& V" n. Z
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WHY SELL NOW?
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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. 6 k- B5 C9 Y% |, ?' O0 T+ J6 T
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. r% D$ A ~; G$ Z8 k, z7 @3 I+ F qIf I was thinking of selling, I'd hold off until 2008 or 2010. : V, q, H' [+ k! |+ T
( M7 _. }8 y. f4 j9 ^4 F- ?- `House prices, with a few peaks and valleys along the way, will continue to increase. 7 l* u0 s5 u# L6 f% s3 J8 S6 F
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We don't quite get it. 0 B$ v$ X0 e/ [
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We're squat in the middle of the greatest industrial boom in the freakin' world!
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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: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. 7 A* u0 w$ B3 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. " L' I+ z$ j8 d4 F, @# e3 j
8 X# g( ^9 ^: v. 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.
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$ A! D6 j. o$ |6 J: U$ rEvery 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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% B, m6 ?. z, b3 @/ b# e2 h) QStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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7 b- \7 N2 r+ E( ]' R j& QAnd 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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