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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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WE ARE PETRO-CANADIANS p) B' M8 `7 D4 j% d
# k8 R, R, e7 j5 O: y. t) rDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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2 N! r( |5 e H8 OWe must now be referred to as "Petro-Canadians."
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3 z, n# ]' `, `; IWHY SELL NOW? `/ p- v* T) f
- Q% N6 |7 U* ~7 H, t- F, p8 XIf 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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0 T$ v1 D- h4 R4 h/ Q/ NIf I was thinking of selling, I'd hold off until 2008 or 2010.
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* z6 A9 y7 H% Q, o! v2 Q( ?9 _( v% PHouse prices, with a few peaks and valleys along the way, will continue to increase.
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% p# g) t' G9 F W9 {2 C9 r" C: lWe don't quite get it. ' \2 f' n$ ^$ I6 a/ t
9 n* i! {* ` n$ N/ f' s# y" IWe're squat in the middle of the greatest industrial boom in the freakin' world! K% j* ]6 n9 r6 x& X( W
3 O3 [5 G; ^7 D; e: [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. 8 y, w& Q# W; ~( [" z
4 a3 k* j7 V4 xEven 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. 1 ^8 h) z: M3 A: a
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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.
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: H" j. r" U% T! o% V% BTradesmen 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. : J8 T3 x) J& I& p& C4 L
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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 $10 per barrel, but oil- sand operations can still make a profit at those levels. ; q1 F2 r& k: j$ G7 u( J7 C$ Q
8 a& \& m5 I- IStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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And all those skilled tradesfolks, coming with their families, have to live somewhere.
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8 J' U9 e+ Y. L# P6 ~+ m& c- UHouse prices will go nowhere but up. |
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