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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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( g R* X1 ^ E8 ?/ P( DWE ARE PETRO-CANADIANS
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- |5 v7 i5 g8 O8 h/ p# l' cDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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7 ^: w2 N/ x! h7 O7 v6 {# O' rWe must now be referred to as "Petro-Canadians."
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7 \7 g& N0 c3 q, ?, ?WHY SELL NOW? 3 A- }1 e$ B3 {/ R" ^ [( _
; o. j6 N( b5 A4 ~) ZIf 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. 3 O& ]* x+ z# H; W8 u! b
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! Z4 F+ F5 H5 J$ @If I was thinking of selling, I'd hold off until 2008 or 2010. 1 m* d7 Y D7 e0 U/ W/ \+ w! U
' d' a4 ?2 P/ ?% s& z) S+ rHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. 9 E% J2 E- L3 E2 f
+ S' {% A; b/ J! yWe're squat in the middle of the greatest industrial boom in the freakin' world! 7 ?3 C K, F1 @6 n3 V& j
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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: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. # ]+ L1 F, M7 \, M0 p
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. 5 |5 W! ]' L2 I; a$ e: [! H% y
- [& z* P# |& t! 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.
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' n# Q& H+ X' n7 M) f2 [: m" \Every expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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/ z' @1 X& b1 s+ p% f, F% w. DStricter environmental safeguards will increase the cost of production, but won't severely slow it down. * r9 y3 m" J8 N# U0 m( g, t$ G
P, {5 p, c. W" J% NAnd all those skilled tradesfolks, coming with their families, have to live somewhere. 8 N* @1 O# k0 h4 K
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House prices will go nowhere but up. |
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