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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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$ d$ a: \( w7 @5 w; E2 aWE ARE PETRO-CANADIANS ( G3 I. }( s! l$ ~
. A2 U' r# y( ^1 LDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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; I3 Y3 @" i* t/ d' }# MWe must now be referred to as "Petro-Canadians." ( ?' _( i9 L: |& B& |
8 p; _3 j7 o c v$ bWHY SELL NOW? - C0 N! {: D$ U9 }& ]
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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. + F3 u3 P Z2 {* u8 R
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& x' E3 Z$ M( C/ fIf 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. . e. D2 `' _' ?8 m" M! U
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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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In the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. 0 l) j2 H" B6 T$ A
/ N1 u( o4 p" {5 g% m8 A' nEven 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. + X" T" ]# @8 [& G" }* N* ]. }- X# _
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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. # H. n; K7 l1 H/ `. `0 b( W3 N
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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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Every expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. # m! O; k, K! ~. Z3 |8 ~
" Z# k# c; [. W gStricter environmental safeguards will increase the cost of production, but won't severely slow it down. + s9 l; D# P7 W, p G% h! D7 E
% ~7 ^2 q% @8 J$ j6 \/ lAnd all those skilled tradesfolks, coming with their families, have to live somewhere. 6 D. I/ ?( O' r, q
2 t" R9 l; g# b7 p/ S7 \ a# IHouse prices will go nowhere but up. |
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