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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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WE ARE PETRO-CANADIANS $ [1 Y. g! x4 ?- X' S6 \
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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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0 T6 U8 {$ s3 HWe must now be referred to as "Petro-Canadians." 4 h- H& r1 ^# P) b
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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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If I was thinking of selling, I'd hold off until 2008 or 2010. " v) |0 a( J8 A3 j j( S: A) I
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House prices, with a few peaks and valleys along the way, will continue to increase. 1 x! J5 N2 y7 }' b" Y- T8 U
6 ]9 u% q% `# ZWe don't quite get it.
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% u) `# ]+ t4 _; KWe're squat in the middle of the greatest industrial boom in the freakin' world!
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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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* v5 D2 T" N( ~0 qEven 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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5 ?) E0 M( ^5 D! W7 M9 z4 QUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. 2 q- Y0 t" {8 Z( l; Q
# u- @) I- K, x, l' G, `& m8 LTradesmen 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. 4 D( A8 S0 E1 U' H
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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 $10 per barrel, but oil- sand operations can still make a profit at those levels. m8 C* G8 l2 r$ I) F. m
: Z) |8 l% d UStricter environmental safeguards will increase the cost of production, but won't severely slow it down. & Z. c6 r4 ?1 D( V" U
( g( w3 d# t( l0 y- W% SAnd all those skilled tradesfolks, coming with their families, have to live somewhere. $ A2 q1 K X8 o( A; m& p& e
" v$ i- o( c8 ]0 {) eHouse prices will go nowhere but up. |
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