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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html' ?8 N' l: P5 l3 g# |
& v# S, @- {+ ~ RWE ARE PETRO-CANADIANS $ W8 I: f8 a. W5 j' o4 O( u9 S% l; k
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." : s3 {+ R O4 h& h/ E+ p1 _
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We must now be referred to as "Petro-Canadians." 3 M: U- N' s, k$ l
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WHY SELL NOW? 6 C5 T' a4 F: ]* R0 h
; p( i, J% k- s T, KIf 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. ( ?# R, Y5 h2 J
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4 X# i1 _9 V6 \2 T( |8 NIf 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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& j/ V; h W `( J' T5 M( qWe 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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3 U! V7 z# b3 V V* DIn 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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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. : Q0 t# R' u- h0 u
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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. + ^" r! G3 B7 u- Y6 l0 x
5 v) C8 y5 }8 }3 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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& g7 q) x5 P8 }And all those skilled tradesfolks, coming with their families, have to live somewhere. 6 X, s3 c; F- z; j8 x
, A7 l/ K/ {# M& d/ RHouse prices will go nowhere but up. |
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