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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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$ ]1 ]. K! A8 Q# Q& w* {6 m5 AWE ARE PETRO-CANADIANS 1 F3 H1 S9 S& \! L& |6 E
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." % g; g3 j1 T3 Q- W" e
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We must now be referred to as "Petro-Canadians."
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7 _) u3 _5 M* Q& u5 m5 {" DWHY SELL NOW?
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# b. B$ Q' O* k8 x5 H) m1 nIf 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. & G: X3 r0 W- D N3 U; s
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4 }' Z7 O4 V$ x3 PIf I was thinking of selling, I'd hold off until 2008 or 2010. ( }) t4 s& \. a3 M7 A) ?' |
7 f; Y5 n0 A; Q: c* |House prices, with a few peaks and valleys along the way, will continue to increase. 0 K1 X8 u, y) ?- d3 v
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We don't quite get it.
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1 Q, ]7 U l( ]5 AWe're squat in the middle of the greatest industrial boom in the freakin' world! : H, F4 e5 o( L
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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: $3 billion per project. ' [$ t) D0 E4 b$ _
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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. 3 ~( R+ U4 S, z7 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.
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# t5 y5 ?. P) ^6 uTradesmen 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. 5 e7 I/ J, j/ r( T$ D8 Y* z) n
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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. 3 H1 s/ q# ]/ L, a P! Y( G
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. C! P! W, e: x& ?0 V* p* K
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And all those skilled tradesfolks, coming with their families, have to live somewhere. & T0 t; ?. P; ?+ r! n
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House prices will go nowhere but up. |
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