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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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WE ARE PETRO-CANADIANS ! [, S9 p+ U9 I- H8 ~6 C# _- w# Q u. i
* E- p, N, l# V' S- {Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." ' ?) H3 X7 ^, A4 M J) y0 v: V
2 d% `( s: s( @# ~) |) L) h: z7 BWe must now be referred to as "Petro-Canadians." 9 N' d: f% f+ g3 o! g9 a! b( v
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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. 4 r: z( s, {* _4 ^# S$ H
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If I was thinking of selling, I'd hold off until 2008 or 2010.
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House prices, with a few peaks and valleys along the way, will continue to increase.
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. Q, T8 I/ d1 |! v" a: c, [$ ~! IWe 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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8 r8 w) W& b4 \0 a$ ZIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. 0 N2 r$ d) k1 I! C9 V* b
. T- v3 Q. F9 Y! c! aEven 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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7 e- N& I2 A& @; i6 P2 }# j* qUpgraders 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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7 f4 a, y1 N0 a, b5 @8 }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. ; J& Q8 D% R( D& f% o) M
% h6 F* m e" n; Z1 F, fEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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And all those skilled tradesfolks, coming with their families, have to live somewhere. 4 ^$ j( o) w* [' H5 a
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House prices will go nowhere but up. |
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