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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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WE ARE PETRO-CANADIANS ( J1 C/ y h* c5 U8 R
6 ]+ M, O& [4 v6 K: QDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." - u ?% p% I; `7 b$ Q- }" w4 R
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We must now be referred to as "Petro-Canadians."
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2 M, C+ A$ H4 k) g, N* lWHY SELL NOW? ( l3 C; e; { {9 ?; V
4 ^3 h. i4 n5 M+ W8 [/ l9 ?7 \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. $ {* b7 O/ [$ g* x N) E" j
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If I was thinking of selling, I'd hold off until 2008 or 2010.
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, b6 j* n, A4 |% {$ H5 V. KHouse prices, with a few peaks and valleys along the way, will continue to increase.
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! o4 D; b, V0 i, v0 x) { n1 D( `We don't quite get it.
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We're squat in the middle of the greatest industrial boom in the freakin' world! 4 ]$ P4 p" s1 _9 u# S
% w5 a' H6 z2 a) k5 ^6 k4 X( EIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. . Y' X- Q# {1 ~, {- v" E
+ @7 m# }- D8 W' {3 F0 B3 fEven with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. , V$ w" e! T' }4 v; L
0 P: |9 l1 F9 G8 d" E+ k- iUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. , w( w2 S% u4 w0 U' i# t
6 L/ n) ^# j6 D& 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.
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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 $10 per barrel, but oil- sand operations can still make a profit at those levels. - A/ F9 D- P& V* [+ [- I% M
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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9 G) I4 ~% A2 C$ eAnd all those skilled tradesfolks, coming with their families, have to live somewhere. % e, z3 }0 n% I1 z
5 d4 f4 Z. t) ]House prices will go nowhere but up. |
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