Out Migration from BC Continues!

[jesse1]

China is predicted to surpass the U.S. within the decade

HAHAHAHAHAHA

BC Q2'12 population growth figures out on September 27th.

[jimtan]

China is predicted to surpass the U.S. within the decade

HAHAHAHAHAHA

BC Q2'12 population growth figures out on September 27th.

Young Jesse,

Yes, you can be skeptical about Fiona's numerical skills. At a 5% p.a. differential, China's GDP will catch up in 14 years time.

Still, I posted the story to illustrate the value of the new enterpreneurs. Look to the Pacific. Exports and jobs. The future is there.
Forget the old models.

[jesse1]

At a 5% p.a. differential, China's GDP will catch up in 14 years time

You mean using the "^" operator in Excel to project a geometric trendline. Alrighty then.

[jimtan]

At a 5% p.a. differential, China's GDP will catch up in 14 years time

You mean using the "^" operator in Excel to project a geometric trendline
Alrighty then.

Do you have a better model?

[jimtan]

Here's what we need; talent. Hope they don't sell out early and retire.

http://www.vancouversun.com/business/te ... story.html

[jimtan]

They will be back.

"It is a future that is already being stamped onto the landscape with heavy machinery by dozens of companies across hundreds of kilometres of boreal forest. It promises a coming decade that will see the oil sands double in output, elevating Canada to greater prominence on the global energy stage.

But the oil sands’ next chapter is suddenly in the midst of a major rewrite. Joslyn itself has become a symbol of both the eager ambition the world’s oil companies have brought to northeastern Alberta, and the question marks surrounding how those ambitions will be realized. The economics of Joslyn, along with two other projects that are pillars of oil sands growth, have been placed under review by partner Suncor Energy Inc. The company has abandoned lofty growth targets in favour of a rigid focus on costs, and has even said it could abandon some projects.

That scrutiny comes amid a broad moment of reckoning for an industry that has spent most of a decade in frenzied construction. Now, amid sagging share prices and profits held back by price shocks, the oil sands industry is being forced to contemplate how profitably it can build new projects. No one expects growth to stop. It may, however, slow as question marks rise over a sweep of spending plans formulated by companies now concerned that weaker global demand and surging U.S. production will soften future oil prices."


http://www.theglobeandmail.com/globe-in ... le4560688/

[rofina]

They will be back.

"It is a future that is already being stamped onto the landscape with heavy machinery by dozens of companies across hundreds of kilometres of boreal forest. It promises a coming decade that will see the oil sands double in output, elevating Canada to greater prominence on the global energy stage.

But the oil sands’ next chapter is suddenly in the midst of a major rewrite. Joslyn itself has become a symbol of both the eager ambition the world’s oil companies have brought to northeastern Alberta, and the question marks surrounding how those ambitions will be realized. The economics of Joslyn, along with two other projects that are pillars of oil sands growth, have been placed under review by partner Suncor Energy Inc. The company has abandoned lofty growth targets in favour of a rigid focus on costs, and has even said it could abandon some projects.

That scrutiny comes amid a broad moment of reckoning for an industry that has spent most of a decade in frenzied construction. Now, amid sagging share prices and profits held back by price shocks, the oil sands industry is being forced to contemplate how profitably it can build new projects. No one expects growth to stop. It may, however, slow as question marks rise over a sweep of spending plans formulated by companies now concerned that weaker global demand and surging U.S. production will soften future oil prices."


http://www.theglobeandmail.com/globe-in ... le4560688/

You don't get it. Back to what?

Even if the oil sands go down, Alberta is miles cheaper than anywhere in BC. Thats the point.

You can be earning a $30,000 a year in Vancouver, or in Edmonton. I can assure you that quality of life will be substantially higher in Edmonton.

[eyesthebye]

They will be back.

"It is a future that is already being stamped onto the landscape with heavy machinery by dozens of companies across hundreds of kilometres of boreal forest. It promises a coming decade that will see the oil sands double in output, elevating Canada to greater prominence on the global energy stage.

But the oil sands’ next chapter is suddenly in the midst of a major rewrite. Joslyn itself has become a symbol of both the eager ambition the world’s oil companies have brought to northeastern Alberta, and the question marks surrounding how those ambitions will be realized. The economics of Joslyn, along with two other projects that are pillars of oil sands growth, have been placed under review by partner Suncor Energy Inc. The company has abandoned lofty growth targets in favour of a rigid focus on costs, and has even said it could abandon some projects.

That scrutiny comes amid a broad moment of reckoning for an industry that has spent most of a decade in frenzied construction. Now, amid sagging share prices and profits held back by price shocks, the oil sands industry is being forced to contemplate how profitably it can build new projects. No one expects growth to stop. It may, however, slow as question marks rise over a sweep of spending plans formulated by companies now concerned that weaker global demand and surging U.S. production will soften future oil prices."


http://www.theglobeandmail.com/globe-in ... le4560688/

You don't get it. Back to what?

Even if the oil sands go down, Alberta is miles cheaper than anywhere in BC. Thats the point.

You can be earning a $30,000 a year in Vancouver, or in Edmonton. I can assure you that quality of life will be substantially higher in Edmonton.

My definition of "quality" is much different than yours.
6 months of winter is from my distant past and I do not wish to revisit it...ever!

[jesse1]

BC Q2'12 population growth figures out this Thursday, September 27th.

[jimtan]

My definition of "quality" is much different than yours.
6 months of winter is from my distant past and I do not wish to revisit it...ever!

I'm sure that our migrants to Northern Alberta DID NOT go there for their health. They'll be back once the oil sands projects kaput.

[rofina]

They will be back.

"It is a future that is already being stamped onto the landscape with heavy machinery by dozens of companies across hundreds of kilometres of boreal forest. It promises a coming decade that will see the oil sands double in output, elevating Canada to greater prominence on the global energy stage.

But the oil sands’ next chapter is suddenly in the midst of a major rewrite. Joslyn itself has become a symbol of both the eager ambition the world’s oil companies have brought to northeastern Alberta, and the question marks surrounding how those ambitions will be realized. The economics of Joslyn, along with two other projects that are pillars of oil sands growth, have been placed under review by partner Suncor Energy Inc. The company has abandoned lofty growth targets in favour of a rigid focus on costs, and has even said it could abandon some projects.

That scrutiny comes amid a broad moment of reckoning for an industry that has spent most of a decade in frenzied construction. Now, amid sagging share prices and profits held back by price shocks, the oil sands industry is being forced to contemplate how profitably it can build new projects. No one expects growth to stop. It may, however, slow as question marks rise over a sweep of spending plans formulated by companies now concerned that weaker global demand and surging U.S. production will soften future oil prices."


http://www.theglobeandmail.com/globe-in ... le4560688/

You don't get it. Back to what?

Even if the oil sands go down, Alberta is miles cheaper than anywhere in BC. Thats the point.

You can be earning a $30,000 a year in Vancouver, or in Edmonton. I can assure you that quality of life will be substantially higher in Edmonton.

My definition of "quality" is much different than yours.
6 months of winter is from my distant past and I do not wish to revisit it...ever!

It must be.

We get 6 months of rain.

Beside that, if you base "quality of life" on climate alone than we don't have much to talk about.
Though I suspect you're not as obtuse as your post indicates.

[rofina]

My definition of "quality" is much different than yours.
6 months of winter is from my distant past and I do not wish to revisit it...ever!

I'm sure that our migrants to Northern Alberta DID NOT go there for their health. They'll be back once the oil sands projects kaput.

Again, back to what? And back why? Their health? Seriously?

[jimtan]

My definition of "quality" is much different than yours.
6 months of winter is from my distant past and I do not wish to revisit it...ever!

I'm sure that our migrants to Northern Alberta DID NOT go there for their health. They'll be back once the oil sands projects kaput.

Again, back to what? And back why? Their health? Seriously?

Back to their parents' basement suites. Seriously?

[eyesthebye]

"rofina"

My definition of "quality" is much different than yours.
6 months of winter is from my distant past and I do not wish to revisit it...ever!

It must be.

We get 6 months of rain.

Beside that, if you base "quality of life" on climate alone than we don't have much to talk about.
Though I suspect you're not as obtuse as your post indicates.

I've lived many years in both places. Trust me dude - Alberta does not provide "quality" - quantity...yes. Get yourself a big home, big truck, watch a big TV you buy at the big box store. While you're nice and cozy warm with your big energy bills, watch your ass grow bigger and bigger.
You can kiss goodbye quality muscial artists coming to your town. Also say bye bye to diverse ethnic restaurants run by "mom and pop". Skiing? Fuggetit. Kayaking...no dice.
Oh ya, did I mention the mosquito problem there - I guess you'll only have to deal with about four months of it since the hiking season is about this long.
Go live there for a while Rofina - a long while...see you in about +50lbs

[jimtan]

Have to agree with ETB. You have to pay double to get me to Alberta.

BTW, this is what we need, not strip mining dirty oil sands.

"Canada is increasingly becoming a country of small entrepreneurs, says a new report from CIBC pointing to a sharp rise in the number of Canadians starting their own businesses.

The report finds that in June more than half a million Canadians said they had begun their own business over the past two years, a record number.

Perhaps most encouraging, 80 per cent of new owners say they made the decision to strike out on their own voluntarily, not because they couldn’t find a job."

http://www.theglobeandmail.com/report-o ... le4565994/

Think of hard working RE professionals.