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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html J% r" A5 h+ _ K. R6 U; }5 m$ C. ]
3 l( V! R" I K' e+ V1 jWE ARE PETRO-CANADIANS + f& q0 u9 K: A/ ]6 h/ g
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 0 d1 S' Q9 Z# I* Z; s- w2 D
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We must now be referred to as "Petro-Canadians." ) |6 f4 A7 p) ^* Q
: u# Z a9 e4 A/ F1 T3 B7 KWHY SELL NOW? + k3 x9 A. X# f* G' W
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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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If 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. 5 v; _6 @" q3 P$ i5 i4 D7 }, {
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We don't quite get it. ) s" e# |5 n: M3 t5 `% ]" J7 }; p
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We're squat in the middle of the greatest industrial boom in the freakin' world!
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6 h! i+ }3 O6 \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.
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+ P' e( d- J5 A0 ^- D. A+ [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. , S, u( t! Y4 Q* L
" ]0 W! R+ }: ^) zEvery 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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6 G3 e T+ u, x- a) v, yStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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. V( {8 [9 k L" D! NAnd all those skilled tradesfolks, coming with their families, have to live somewhere. ; W0 _) f8 h5 N" W
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House prices will go nowhere but up. |
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