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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html$ U; E# ^! h3 t. ]5 W3 |8 w
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WE ARE PETRO-CANADIANS 1 h( u% k2 c0 C {, v6 a* I" z$ O! L/ l
8 W T6 e7 E# u: {Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." $ r$ P( x* j' Y) ^0 b6 U8 d
! K; b/ J: L3 U+ y6 N; w. K* YWe must now be referred to as "Petro-Canadians."
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" `1 M& e8 ~# B, \- LWHY SELL NOW? 8 d' x* d r7 {+ A1 D
- `6 o; C' T" F% a+ A" }9 VIf 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. - G8 e9 R# c& J9 B
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If I was thinking of selling, I'd hold off until 2008 or 2010. 6 j, T& y( s( U+ [8 y
0 H: F- W% ^1 o3 Q! n, H2 c8 @ S! |4 C. mHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. 1 C3 u5 I* k, M$ [2 l
( W3 T- f L' S8 eWe're squat in the middle of the greatest industrial boom in the freakin' world! 2 a9 ^5 H* Q0 U, R
. d' _' X* F4 \4 c5 z" a4 ZIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. # M8 M2 x; K- F" x. p+ W( e2 Y
" I8 f% `! h. E2 N5 iEven with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period.
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Tradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region. 5 I6 ]. e) {$ M( F1 M w" z
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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 $10 per barrel, but oil- sand operations can still make a profit at those levels.
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. ; C1 B: W$ z, z! _) z: v4 @$ N
$ ]" y6 L6 Q) o- q8 DAnd all those skilled tradesfolks, coming with their families, have to live somewhere. & ~% E" I: W+ z$ y2 i
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House prices will go nowhere but up. |
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