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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html, U" \3 z7 S$ z
6 M0 N2 A F: z4 bWE ARE PETRO-CANADIANS ( K% t5 |/ d& N% Z: o2 w2 A" E
$ C: t, s7 n; G q* q0 e" O# d2 n0 D3 uDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." / A/ l8 m7 ]1 x; S. k. @; D( t3 V
2 J2 ~9 d, N# o# E8 @. m' MWe must now be referred to as "Petro-Canadians." ) K7 \/ {) w9 w; e/ Y7 X4 V
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WHY SELL NOW?
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" V8 b; J7 Q: j% |4 w: LIf 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. 7 K/ N2 h3 L2 |( M9 ?
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We don't quite get it.
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) A8 ~# o2 O8 I" D6 \; nWe'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. 3 n# s; @' B. z, B& F
" S) z% _' N# 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. ) s5 u/ m1 ?1 u, G
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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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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 Y: s. i/ p" {/ E" `3 K5 N
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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 $10 per barrel, but oil- sand operations can still make a profit at those levels.
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k, q! v% X/ C Q* rStricter environmental safeguards will increase the cost of production, but won't severely slow it down. ! b6 s7 l" F$ |- M. X+ V: o9 a
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And all those skilled tradesfolks, coming with their families, have to live somewhere.
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) i4 }- o( ]8 iHouse prices will go nowhere but up. |
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