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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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WE ARE PETRO-CANADIANS 8 H" C0 Z# J# s
! D( x5 G# |1 c/ W. m3 RDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." ; m! u# D$ X7 Z2 c
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We must now be referred to as "Petro-Canadians."
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WHY SELL NOW? & F( j$ A0 l7 T1 h: w- ]
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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. 8 G% |1 ~% T8 @
/ a4 D6 L$ j' V8 D/ OHouse prices, with a few peaks and valleys along the way, will continue to increase. - K) L7 k, ?9 |
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We don't quite get it. + Y0 X4 b& ]" g9 ?+ q
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We're squat in the middle of the greatest industrial boom in the freakin' world! 8 l3 n& ~ J( T
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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: i8 |/ n" W, s9 D3 v) e
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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.
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9 P/ A) S1 f1 B8 I0 |8 y: TUpgraders 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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. D7 H' e- D4 P0 C oTradesmen 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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6 D+ T6 F1 G0 t; x5 wEvery 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. 2 i* S* F/ C, |
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Stricter 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. 2 E* v- j, o/ J' x- R# _
% j1 `! W% r# }: Y% z/ g. aHouse prices will go nowhere but up. |
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