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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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% G* y/ T: u/ YWE 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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4 E8 u7 I# O9 _& dWe must now be referred to as "Petro-Canadians." 6 V: t7 j8 u& e: ~3 G! ~# e
3 g, ]/ q% d/ V5 A9 }8 T) IWHY 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. ! o2 z3 E& ~+ o1 o
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If I was thinking of selling, I'd hold off until 2008 or 2010.
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, Q0 U6 V( Y% D3 [- jHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it.
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; X: G+ |+ w% ]8 RWe'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. F5 y3 ?5 S: `6 M& s; ?0 } f
' A! j: D% ?7 U0 ^/ VEven 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. . H1 f4 Z5 l: W# c
F1 }5 s' c; E* NUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. ; x; v- L! r* m
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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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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. & }9 C% f9 G. J Z) ~- P3 _
: `. V6 k( Z A9 }7 m PStricter environmental safeguards will increase the cost of production, but won't severely slow it down. + D' ^) b0 q* @ l2 j% z
9 @; O4 f {0 W6 G3 T0 RAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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- w, B1 U, K4 o3 v1 M0 C; p; P: UHouse prices will go nowhere but up. |
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