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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html) w* ^+ d) F. Q% I, ~( W( K
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WE ARE PETRO-CANADIANS ; C/ e* [$ {5 F, r
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." / S3 N; V1 R4 S2 h0 c
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We must now be referred to as "Petro-Canadians." # W3 d( {, c0 F0 z! Q
& t( a4 p$ G4 e q( EWHY SELL NOW? + }: `! d9 g1 Q. _6 F& r" h) n
2 j6 E6 ^# e* k* SIf 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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* J5 q. t8 i/ b8 [, u' ^If I was thinking of selling, I'd hold off until 2008 or 2010. 6 g+ b& g+ X+ d4 h' c1 u
* O ]5 z) |, b; y" G, _House prices, with a few peaks and valleys along the way, will continue to increase. , T5 u- x/ b1 Y# X; G* ]
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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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. k, W+ C3 F c {3 C* PIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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( S# K; K2 p+ F$ L' o0 OEven 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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, w+ S: {1 R d! L6 x: m! w( GUpgraders 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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% L& ^2 g ?( K7 w! dTradesmen 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. ( v% B) G ~6 g! |: H! \# `
* G! `8 d9 r- s D4 LEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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4 G( `) r7 ?4 v; jStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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* \# ^8 ?) K; b, V9 W- YAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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: A _* t3 J* b$ C" p3 @9 B# o" kHouse prices will go nowhere but up. |
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