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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html8 q2 ]4 ^# p2 E+ N
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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." 7 n2 I6 _2 d+ z
; A9 T5 W& S1 AWe must now be referred to as "Petro-Canadians."
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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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6 R# i5 l. @1 l' qIf I was thinking of selling, I'd hold off until 2008 or 2010. 0 u' g& h/ z* o4 d0 C
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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. : ?+ [( ~0 A6 z" l" u. ]2 `
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We're squat in the middle of the greatest industrial boom in the freakin' world! % E" Y& S F6 t {% Z
5 Y. P2 @/ I/ I% |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. $ d- e) n& k/ t" W0 y; C, ~
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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 M( z9 d1 j( \6 Z. ~/ U% R2 u
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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. ; c& M8 Y7 p3 `2 t. d
& P3 `8 _! P+ g7 O6 f5 D+ ^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. . Z( x4 |: j3 T
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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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8 @1 @6 p7 f# i2 [& GAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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/ S( [% E/ t1 THouse prices will go nowhere but up. |
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