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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html: a5 a [2 |' ]* G! Y7 l' X
$ t9 O* w6 }8 `2 }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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}' Z. A& O& e! M9 B/ n VWe must now be referred to as "Petro-Canadians."
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WHY SELL NOW? 0 ~4 O: d6 ^# Y+ z3 |& X
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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. o3 H! \& i6 l* E
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If I was thinking of selling, I'd hold off until 2008 or 2010. - r+ h. e0 {: X/ p
5 L' @2 e/ g; ]/ {& m7 jHouse prices, with a few peaks and valleys along the way, will continue to increase.
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4 i% x' c6 i1 f- lWe don't quite get it.
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We're squat in the middle of the greatest industrial boom in the freakin' world!
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& i8 f6 C. r4 x* T$ O- bIn 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.
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+ G, U! c1 R5 b. s: sEven 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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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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( I6 f5 D- }, I9 HTradesmen 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. ' R" i, U4 g; }. b4 S
4 o6 w: X* w' B+ }- fEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. 2 ?( a [* ?# {+ l- m" a4 @5 H
) M, R, Z$ i8 s; XStricter 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. 8 K4 q' e8 T9 W
/ a. Q/ u8 C7 W! {3 L/ jHouse prices will go nowhere but up. |
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