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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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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."
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, n; ~$ e3 L& p6 t: M( R/ hWe must now be referred to as "Petro-Canadians." & F$ k) F! G- z; R& Z: b' W% u
" T# t) B1 c0 h+ f8 m- KWHY SELL NOW? ( X, ?* c5 y/ d
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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.
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House prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it.
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, M# T2 Z/ b, A$ OWe'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. 9 r0 k# S6 `, F: s+ D; u; z
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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. # _7 D9 h- U' t
- B5 ~, r9 l8 J! |- y/ p- eUpgraders 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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9 N8 C# }; K: m7 Z8 s! V1 cTradesmen 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.
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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6 G! ^4 X8 b/ r, ^; A" g& u5 fAnd 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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