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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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5 n! ^+ n _% R |% h: ZWE ARE PETRO-CANADIANS 8 C9 s3 ~! c' |5 w; l: H2 L
9 Z' K& u0 \5 b/ V; } Z4 SDue 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." ( g- i/ R$ _! C7 B
% ?' [! a. g9 W9 t2 n2 @9 \WHY SELL NOW? . ?3 K1 k4 K/ `, f7 n# f- _- U
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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.
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8 C/ Q) E% ]! o2 @4 l1 p' Y/ dIf I was thinking of selling, I'd hold off until 2008 or 2010. 0 @0 i- K6 @ Y3 C# Y, B
) T3 s0 Z, O: v6 V/ C2 THouse prices, with a few peaks and valleys along the way, will continue to increase. L) G# e3 a/ X( d( K9 p
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We don't quite get it.
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' I& V h( W L1 s; H. u% ZWe're squat in the middle of the greatest industrial boom in the freakin' world! 4 g+ V9 p/ S7 M. l" s3 u/ R+ k
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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: $3 billion per project.
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; u" B/ R- y# M* D4 @- c$ ~+ ?( ]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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( R, A3 \0 M( J# [- d6 g+ vUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. 0 J u3 ^3 h% W. o( \. K: j& L8 l
, Z) N7 O- p1 F+ d9 X: Z. cTradesmen 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. 3 X1 [) m* y/ t" S" h
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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. ! Z# a% M. F, b2 z) \; T( n! N" t
3 L% U% ?4 B% r# dStricter 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.
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House prices will go nowhere but up. |
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