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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html1 r5 M5 {4 k8 g1 X- e, [
! {' E& @2 Y9 I) W" s1 K0 a, ^WE ARE PETRO-CANADIANS * P8 v, d$ h) J* @1 o
' z# b" n. _! K4 PDue 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."
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WHY SELL NOW?
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( L; Z4 _5 @2 `0 J6 H# TIf 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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3 \" O! o3 ?9 `1 J% l& j0 ^If I was thinking of selling, I'd hold off until 2008 or 2010. 4 \$ C: L0 i1 l; d
9 d, C# V! z( @5 w" lHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. / }, @( o$ r4 i' q& X6 n& ?% [% L
; ^8 J+ D* [. N: [1 z6 ]" S5 pWe'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: $3 billion per project.
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6 B! ^, e! @* @Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. ; C, c% J4 c$ ?6 g# F% H
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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. 7 {8 `$ ~, ~- E% I
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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. 3 K+ J! K& }, F4 R* x! d
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And all those skilled tradesfolks, coming with their families, have to live somewhere. ( X- T* a' w- I( e7 Y. ^* y! C) p
) {/ e* w% k- D) zHouse prices will go nowhere but up. |
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