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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html' V& v# a" a- \+ t/ s
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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." # y5 T3 M$ ]7 u' V) }7 _: o$ c. l
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We must now be referred to as "Petro-Canadians." $ i3 [, B' _$ q; \1 s
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WHY SELL NOW?
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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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, W) L% ?9 O* VIf I was thinking of selling, I'd hold off until 2008 or 2010. * z$ Z, u* A7 l# }: s* n
G9 U* ^( r% @8 f- mHouse prices, with a few peaks and valleys along the way, will continue to increase. . X# J( t0 \# x8 D& @
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We don't quite get it. ' T) b% [- G& z
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We're squat in the middle of the greatest industrial boom in the freakin' world!
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% H" N5 J! c% lIn 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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5 @, q: j" y4 i5 PEven 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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. k( D% K# c3 v! J0 O7 M0 d. X. ^! }Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. 6 W. F; B8 H+ a* y4 _. ]; J% u
' h% ~& g! g3 p4 F2 S% t" pTradesmen 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 _, i0 o' G5 D8 A: o1 O
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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 $10 per barrel, but oil- sand operations can still make a profit at those levels. # u" Q: p% z9 f! S; t8 [
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. / j4 ]- @$ k* @- n9 E! R( A; {
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And all those skilled tradesfolks, coming with their families, have to live somewhere. 5 S/ @3 I0 X1 w( S: W/ j
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House prices will go nowhere but up. |
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