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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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WE ARE PETRO-CANADIANS 8 l# O% e4 E! a4 [. i3 t- s( \
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 2 ~# t J2 m; t# K. s2 s
. |4 C! p9 g& m1 `We must now be referred to as "Petro-Canadians." ; d: @) S1 R2 s4 \/ K" }# a
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WHY SELL NOW? 7 ^/ T5 N' l9 G( C# `
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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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5 ~; S/ V5 R# j3 YIf I was thinking of selling, I'd hold off until 2008 or 2010. - E2 T& i% x4 ?4 E
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House prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. 9 R! Z( J2 F9 ]$ m
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We're squat in the middle of the greatest industrial boom in the freakin' world! 1 v5 D0 ]' t, \2 ~1 E( s3 v5 j
2 C" S. B4 w0 D0 c. ?7 h' m" sIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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" n: B6 d& ^2 h. z8 ]Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. 6 ~3 M, `" r9 E* ?( ~
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period.
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Tradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region.
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. L5 B/ O/ `$ y9 TEvery 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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% c0 \) r1 \1 ~$ n0 |1 s [" ~Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. @, W! ]9 k' H
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And all those skilled tradesfolks, coming with their families, have to live somewhere. 3 M% Q, f, U9 `: L
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House prices will go nowhere but up. |
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