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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html8 p2 H" V+ O# J5 R. N* _
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WE ARE PETRO-CANADIANS 0 J9 P4 e* b; P/ M; m2 A
) _; S' l/ q( P. j. Z& P# }Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." ' b: T7 I7 y; ?: G Z
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We must now be referred to as "Petro-Canadians." 9 q1 Y- T! ~$ K5 k3 ^- I* ^4 Q
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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.
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2 U, q! p6 l6 S o% AIf I was thinking of selling, I'd hold off until 2008 or 2010. & |* _# f7 A2 L/ ]8 R% W( [
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House prices, with a few peaks and valleys along the way, will continue to increase.
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( ~: ?& V' N6 {4 h; B5 n" l& F0 }$ lWe 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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2 M. h2 P6 |# i1 eIn 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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8 e+ E0 X9 {, IEven 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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# [8 [8 m% A- |- q: GUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. & i* P! b2 C& s- D( }; G. Y' M
2 i6 z- n0 Z2 \. TTradesmen 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 $10 per barrel, but oil- sand operations can still make a profit at those levels. 4 e& d. {& m+ N2 `
8 u2 i3 {. G( G0 v/ Y( @Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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0 B: s6 N' R% C8 |' YAnd all those skilled tradesfolks, coming with their families, have to live somewhere. % H) Z' @$ b1 f
4 ~1 r6 }/ q2 W! X+ lHouse prices will go nowhere but up. |
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