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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html, A: J5 C5 c4 n0 N: n1 o( `5 G
# {& s1 `6 ?4 QWE ARE PETRO-CANADIANS
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* ]. R9 c8 Z5 a' R6 ^3 \Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 6 m. l' b% N6 |4 R
$ C1 u$ p m! `& ZWe must now be referred to as "Petro-Canadians." $ |+ L0 k. V2 r$ p9 L, s
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WHY SELL NOW? / W; a7 Y% @& T9 A
5 }2 `5 j I6 A( j% C" bIf 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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q0 h1 b% T. Z b8 D" g! tIf 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. $ j( d2 B4 _! P. q. b! N+ N. K
; l2 V+ g" N' {5 S+ t& m# RWe don't quite get it. ; w$ R" v( r! s0 y$ E9 ?
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We're squat in the middle of the greatest industrial boom in the freakin' world! % J' @( R2 d, W- ~
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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: $3 billion per project. % |. f% Y$ s9 ]! K, X( M: d0 U
6 b6 Z9 C$ T, }7 g1 K9 @. qEven 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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( |+ y& `2 z( W6 uUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. 3 p0 l: g; f& M$ p
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Tradesmen 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. 7 w1 [7 `8 S1 t x0 [6 z d
2 g w/ H) Q: ?7 p! {3 P) NEvery 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. * k6 b! y: C# Q2 V" p
! N0 C5 i# L# W/ @Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. % f+ ?" F9 k g4 K0 |( K
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And all those skilled tradesfolks, coming with their families, have to live somewhere. % M% d; u" y4 L" \0 i
( ~5 D4 v# k/ oHouse prices will go nowhere but up. |
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