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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html' V# c: U) ?, l( o$ l& ]' e
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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."
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We must now be referred to as "Petro-Canadians." - M, W s; M3 ^+ H
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WHY SELL NOW? # H, D) Z+ k2 v0 x6 l
9 t/ v7 z9 t4 R; v2 wIf 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. ) C* A) R+ b8 J* H, y
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2 F$ g R/ |' G( R8 B8 u* [4 PIf I was thinking of selling, I'd hold off until 2008 or 2010.
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House prices, with a few peaks and valleys along the way, will continue to increase. 7 M( p2 {) }( v% l1 t
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We don't quite get it. " y% B, W) R d1 j- Q4 e0 O! |
6 d G0 J" m8 l6 X- ^We'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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& d7 b2 p, x: a/ CEven 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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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. ( t# b) B' K+ s5 C/ ?% _
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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. & z! T! S8 i! ^, w% v7 v
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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.
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' h2 U: I6 Z3 m2 I) i3 BAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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W% j! Z+ ]' X/ IHouse prices will go nowhere but up. |
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