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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html5 ~& j3 c- W' X( d
2 w. I- P, L/ _; ~0 [WE ARE PETRO-CANADIANS
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." , b. D/ T" u: J6 A6 U Y
0 e4 d; F- Y0 k# B i' r0 O2 v- r7 ~We must now be referred to as "Petro-Canadians."
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1 ?4 h. L) ~( Y2 g/ ^WHY SELL NOW?
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0 t( h" h. I( 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.
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1 x$ A# U. s2 K% L. `9 ^# cIf I was thinking of selling, I'd hold off until 2008 or 2010.
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3 b* G/ | D5 k7 G e; k! P8 _House prices, with a few peaks and valleys along the way, will continue to increase.
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$ C% g0 L g! y; SWe don't quite get it. 7 z8 x4 F7 u3 `6 T9 v
. b- O) O6 F5 `& KWe're squat in the middle of the greatest industrial boom in the freakin' world!
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* R( k: l! p5 ?& _ ~In the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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+ E/ ~& {+ M, L9 Y, }Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period.
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" z, p v: }; R, p8 nTradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region.
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3 f1 Q$ O* A6 Y% B! S- iEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. 6 i: ?( K2 X& x5 x9 o! y
& \0 N4 J4 b' F2 AStricter environmental safeguards will increase the cost of production, but won't severely slow it down. ) p$ u% R6 E1 S. N7 p% K! K* T
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And all those skilled tradesfolks, coming with their families, have to live somewhere.
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House prices will go nowhere but up. |
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