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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html0 P5 C N0 [; T
4 G8 u2 b8 L" P& F; s6 o! }WE 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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1 a8 ]. J3 V) W K nWe must now be referred to as "Petro-Canadians."
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WHY SELL NOW? $ y7 O' f p- N) p7 P2 E
/ s& e3 u( m6 u9 z% @8 GIf 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. i& l. F8 @, x, H
6 `$ ]/ S6 r5 }: i G+ tHouse prices, with a few peaks and valleys along the way, will continue to increase.
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7 _, z' G" p- E) MWe don't quite get it.
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8 U/ O0 R' y ]" g( B; @We're squat in the middle of the greatest industrial boom in the freakin' world!
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) Y6 e8 ?" s. s' T. J. kIn 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. . l) A/ U: s. z) l9 w
4 p- K7 P; m& O' z2 u4 c4 fEven 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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& l: ]9 L# ^5 o1 g, Z* u- pUpgraders 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. ; K0 g/ Q" h4 W4 p, V- t+ t+ r' z
8 Y6 g- p% T5 MEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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; j9 D h4 e0 Q2 e& nAnd all those skilled tradesfolks, coming with their families, have to live somewhere. 2 A( W' o# t) U" M. E ^3 { ^
* ^7 I) m$ O0 {- O" s) RHouse prices will go nowhere but up. |
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