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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html1 q* M3 u# W1 v
4 Y$ I6 v; E9 m4 YWE ARE PETRO-CANADIANS 8 U4 |: Q4 w; v( ? y# e' b8 ?8 E& ?( E
$ }5 s: W$ R/ e$ D/ gDue 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."
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WHY 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. - j! U5 t4 r, {' `4 I8 k
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If I was thinking of selling, I'd hold off until 2008 or 2010. " q. E8 l4 ^3 t$ W/ J4 J
|# v1 @2 Y' P3 _ p% AHouse prices, with a few peaks and valleys along the way, will continue to increase. " @# g4 N& o' m" p1 F4 W
1 O- ^8 _8 q' t; q4 ?We don't quite get it. 2 B, m6 }9 A: D Q9 j! ` J8 L7 @* G
) R8 Z) f: v4 i2 r- e/ UWe're squat in the middle of the greatest industrial boom in the freakin' world!
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1 t! c% m: k( |" @& W9 `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.
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1 d' v& d& g' Q [! _7 I, ?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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% q7 S# Z( ~" r' }9 I! }- |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.
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% p) k& }2 M. `0 K" L: [Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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5 [) r! O. s8 O4 ^/ bAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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/ s8 I( C& s( yHouse prices will go nowhere but up. |
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