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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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+ c, x; E! B+ z6 y6 oWE ARE PETRO-CANADIANS ' ^+ b' E) o- M
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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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) I+ g# _! T" I* B3 J2 BWe must now be referred to as "Petro-Canadians." ( A6 F5 c0 w$ k
1 x/ F6 `( T. B% c2 h) ]! i) C& }WHY SELL NOW?
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7 o9 {4 z5 Q/ f/ C C9 N+ N' [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. 8 ?4 p. r6 v- O, H6 m
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% c0 ?6 D3 Y9 y1 L/ z& dIf 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. $ s0 y2 z% T1 F: D- ~
5 `/ h) E+ G" ?) i# J/ HWe 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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7 l, e* r4 h+ l: ?: J1 gIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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5 A, b( j( u8 WEven with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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7 X* K; A4 e5 R6 L3 Q; h' JUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. - r' F/ ?# R' E2 I* Z& ?6 i
4 f0 [& G6 O: a: H9 b, n' h7 sTradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region. ) z/ i% o4 O/ a+ V$ F
# V. s; J, x2 w' U8 oEvery 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. m' X& N7 C) g0 S% T
. k, l, s% N8 o9 `Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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7 `4 D4 d7 y! H+ j( Z- T3 KAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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Q8 w* f0 Z9 `7 w% vHouse prices will go nowhere but up. |
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