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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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WE ARE PETRO-CANADIANS 6 r# k" S$ J/ M$ B; p& \
/ r5 x1 p2 |1 e, p o+ l9 YDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." # l0 }" e+ K- a- M' Z
* j+ ^& h# @1 H+ ~9 h) _1 aWe must now be referred to as "Petro-Canadians."
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WHY SELL NOW? & X, h% ?8 r) [
, T4 L" L. N) C l: fIf 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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If I was thinking of selling, I'd hold off until 2008 or 2010.
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' l3 t+ B# v, W# T. d! @' xHouse prices, with a few peaks and valleys along the way, will continue to increase.
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! y- k" x+ E/ K7 a$ g8 D- YWe don't quite get it. 7 o3 q7 f. e/ W7 w z5 a+ B3 D
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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. , {/ R, p/ M8 A/ ]( T
! R: j7 z7 E% J5 O3 TEven 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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) a+ {) x1 A- X( c" h, SUpgraders 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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Every expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. / Y: m2 J, K+ K; X' l
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And all those skilled tradesfolks, coming with their families, have to live somewhere. " D5 T6 E+ F" Y) b$ @
2 e5 O2 Q N& [- }+ u5 lHouse prices will go nowhere but up. |
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