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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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% ^1 P* W5 z$ h* s+ ?( R& cWE ARE PETRO-CANADIANS " P% Q. _( {" O( [3 @
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." " f/ a' @9 w# K
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We must now be referred to as "Petro-Canadians."
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x* o: N% W4 N: r( m# \WHY SELL NOW? 3 V% ^, Y0 c+ W1 g
- R" _/ m! f8 i) ZIf 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. - U2 @" h% g) w# M0 V
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[ F5 k* c5 M1 HIf I was thinking of selling, I'd hold off until 2008 or 2010. 0 Y/ q) |+ X) j/ l9 ^
) M2 M' X, E8 w) I# }) ]+ J }) wHouse prices, with a few peaks and valleys along the way, will continue to increase. " @8 I9 w0 K1 i! w Q/ Z5 u& y$ q) t
5 W0 F i' v! QWe don't quite get it.
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We're squat in the middle of the greatest industrial boom in the freakin' world! % p2 W) a5 ~3 }
$ o4 G6 a( Q/ M& t; j, _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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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. + m5 j: L' i9 R, n
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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. }' p; _5 M; ]
; K! q4 r& E! U2 r4 H) p8 ITradesmen 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. 8 m3 q3 c! a" g) N+ r; v
( _7 k# Z5 P- X4 p: tStricter 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. 3 y7 M& Q1 ~9 ^0 Q8 T/ W8 a% l
/ o1 T7 @! G! L. C! \House prices will go nowhere but up. |
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