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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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" V0 `, ?! V5 i# E& T' ~+ i% aWE ARE PETRO-CANADIANS
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. e9 b" q5 q7 `8 x# V2 MDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 4 j7 r; R( t: a$ Q3 ^
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We must now be referred to as "Petro-Canadians."
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WHY SELL NOW?
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) E# T# c' {5 z! U1 ZIf 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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- U8 N* @4 d# t/ k" N3 f; ]7 t: OHouse prices, with a few peaks and valleys along the way, will continue to increase.
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; d( ^+ ~& w& l2 j& n7 J7 ]* @: @We don't quite get it. , d0 { w8 _7 c, x" \, Z
( u# T) I: C0 J/ z( V; f. |0 [We're squat in the middle of the greatest industrial boom in the freakin' world! . ~* T- x8 A( O( V, T7 [
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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: $3 billion per project.
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! V+ @0 X& p+ Q2 zEven with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. 3 _1 M. h. g7 t1 C
6 p' b" L3 x! M: C8 r5 CUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. " G; _# S0 ~+ G; v
+ V1 q ?% V+ ~% y9 ~0 c" MTradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region. + ^ _, | O, N
1 V) O8 a0 p, g) N$ A+ nEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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! H+ n' Z' B) G: y" c6 c# m+ J4 M. iStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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& Z0 i6 \9 k! H( p; A( nAnd all those skilled tradesfolks, coming with their families, have to live somewhere. / m/ l+ w+ j# q$ ]; n
. B, e4 d# j4 w3 j3 GHouse prices will go nowhere but up. |
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