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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html. K7 O6 B: B* ^; g6 ` 
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WE ARE PETRO-CANADIANS  
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% E1 K, n  r- p: g2 _1 W. ~" hDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 4 o# [( K4 d$ o0 E; t 
 
$ I# U; `1 x3 s$ a- z" W7 E( EWe must now be referred to as "Petro-Canadians."  
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WHY SELL NOW?   R, o. u- f, H4 ^7 `& h2 h+ u 
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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. + L8 v6 c* t7 o* a7 @ 
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; C6 _7 e( \, {. h5 x7 \If I was thinking of selling, I'd hold off until 2008 or 2010. 6 j9 ?8 _) O2 _# l; o 
 
+ ]1 u7 Z2 |9 ^& R  pHouse 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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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. + V, v1 i; A0 a% p 
 
4 k& w( V8 d1 j9 i- m. M# R) 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. : t9 I% F8 B3 G 
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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. 5 }6 f* Y) ~8 [6 s4 A( ] 
 
% t+ u2 A& s$ I% [5 r9 I/ p% 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. ; j* y( V& P) G# |$ K* E& b! m, L 
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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 $10 per barrel, but oil- sand operations can still make a profit at those levels.  
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" _( G7 s+ F/ `$ P+ f/ |7 B3 EStricter environmental safeguards will increase the cost of production, but won't severely slow it down. ; k& n. f$ O- A( r% L 
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And all those skilled tradesfolks, coming with their families, have to live somewhere. 4 r; \2 }7 \9 n* y$ b0 T% v/ i2 a2 A 
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House prices will go nowhere but up. |   
 
 
 
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