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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html: o* z& S! O, z* c4 W& G. K
4 N" l M. w8 G8 Y, ~3 k3 sWE ARE PETRO-CANADIANS
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. r5 {1 [! h; E: Z( D8 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." * |- H% O" `3 J' \+ D! m
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WHY SELL NOW? & A# R' E1 X/ f5 r$ c* ^+ d
4 L7 b+ \# q$ Q+ 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. # f2 G/ y5 D! t' v
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5 N- v7 G& X$ u' t, d) h# O) _If I was thinking of selling, I'd hold off until 2008 or 2010. & N/ N& B: e8 b8 ?/ Y6 n
, ]0 o) p: v7 R- K/ H9 w0 |House prices, with a few peaks and valleys along the way, will continue to increase. ( D: w, U4 h1 ~7 D! ?
2 l" z: B. t; z% U( ]We don't quite get it. 9 p' T8 N9 N9 u2 v# F% k+ Z
# }/ Y; E- I# U5 XWe'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. 1 o/ n7 h! K: K, ]" z& q* j
" e: \. U5 N# R9 [. mEven 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. 1 U2 {: e1 k0 n* ]) B/ B' y: [
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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. $ S* O4 z* R1 R: A7 i9 J
: E, q- f! m4 [/ f" {8 {) KTradesmen 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. 7 s8 ?- `4 C6 T6 ]: G3 X
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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. $ `' M3 \5 g/ v- ^4 Q0 V
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. & ^- c' Y) _3 |5 M6 D0 V5 F
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And all those skilled tradesfolks, coming with their families, have to live somewhere.
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! j3 E! q: K5 e! O4 W- f% YHouse prices will go nowhere but up. |
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