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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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We must now be referred to as "Petro-Canadians."
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WHY SELL NOW? 9 e. K7 \* T. j8 y6 `. [5 B
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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. . K% J0 e1 k. s- @1 c
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5 `( G( T& C+ Z9 O1 WIf I was thinking of selling, I'd hold off until 2008 or 2010.
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( J, Y# J9 D) E& R' z6 S) hHouse prices, with a few peaks and valleys along the way, will continue to increase. , ?) ?/ C9 |6 S/ U' S4 Y
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We don't quite get it. 6 ?$ |4 l+ T `& b& o/ b2 ~
: g8 C: I9 P# L# r9 T) i3 C1 |7 p) j' \We're squat in the middle of the greatest industrial boom in the freakin' world! 7 y4 S: ]. a( j; Q
! `# I% y( {! p* t0 j8 |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. ; R6 O j2 h4 N3 X
n+ w; e; l; R0 S6 f+ ?1 V, gEven 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. . n: _% X0 t+ y) m
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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. 5 U. s/ e1 ]# {' l
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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. + l- G1 Z& D5 u% l `% _) o
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. 7 P B+ y& ~: t& v) {
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And all those skilled tradesfolks, coming with their families, have to live somewhere. Z( Y' b+ j5 z4 z& k h" v
* S! a* m2 I2 [ q( {4 tHouse prices will go nowhere but up. |
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