Quote:
Originally Posted by Sylvanfan
Well in terms of owning a condo vs. other type of residence, I think location on a condo is important. If your 500k condo is in downtown Airdrie, or St.Albert...I think you're asking to get burned.
Apparently the government is reviewing crude oil roytalties today which are substantially less than other oil and gas royalties. Some say they're short changing themselves....others say if they raise them the oil sands will slow down. Should be interesting to see what happens. I say they could increase it as right now those royalties are very low in terms of %.
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This is both true and extremely interesting. Oil is at an all time high, and the review is taking place right during an election speculatory phase...I am interested for many reasons on what they come back with!