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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html' t$ ]9 ^' H8 q5 Q& [% b5 y7 L x
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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."
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We must now be referred to as "Petro-Canadians." : x0 m2 o8 p4 q1 K3 {# ?2 U
: U* l9 |* [+ }7 x. |WHY SELL NOW?
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6 k, Y$ ~ a( v* I0 |. ~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. 8 V2 F2 t) H) T' n' W/ x& h
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+ O h( A" r2 @" w5 `- yIf I was thinking of selling, I'd hold off until 2008 or 2010.
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! R- ?' w* U3 f6 S- bHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it.
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( v; u, Z' P4 N& z) [We're squat in the middle of the greatest industrial boom in the freakin' world!
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1 f3 J9 h, V6 O5 N' ] c* `6 R4 G iIn 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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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.
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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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And all those skilled tradesfolks, coming with their families, have to live somewhere. ) U0 C6 T( L% v0 \6 }4 w6 a
: p& c l4 ?. z" [& i: pHouse prices will go nowhere but up. |
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