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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html4 p3 Q! X8 r3 N1 _8 m: Z
- X# W5 B$ A( ~2 A3 H9 H1 NWE ARE PETRO-CANADIANS
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; j3 y0 b6 n# T/ F3 UDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." " m; n$ W9 ~# Y9 E" K5 a! V9 f
4 B- @& H/ ]3 j8 P& [9 g( }4 k# ZWe must now be referred to as "Petro-Canadians." " a: w" f) s1 Y7 u. H, ]
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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.
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4 S# ]2 _" y: s1 mIf 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. , P! c5 E* F9 |' R" O- B/ [8 Y8 d" l
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We're squat in the middle of the greatest industrial boom in the freakin' world!
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: f. L3 o9 Z, w, i* Z# r5 mIn 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. $ ^2 r/ b; N+ v8 y
& }9 h9 D' c1 U* E' l, @* [) 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. 5 Q9 ~$ I$ p# t# U2 f! q5 T7 h
; |, {6 p4 }( RUpgraders 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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8 M ?& ? S3 Z+ F1 wEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. - d3 u, I8 Q* g! u4 ?7 R5 h( O8 ^
: t6 _! q2 h" V# _+ i( M. t" q, K/ q/ uStricter environmental safeguards will increase the cost of production, but won't severely slow it down. " {! d$ v L, y& l# q) q
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And 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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