SASKATCHEWAN REAL ESTATE INVESTMENT INFORMATION

The coming Saskatchewan boom:

The new provincial government of Saskatchewan is enthusiastically pro-business. The old NDP leadership was seen as anti-business and stagnant, so there is a sea change that is attracting a new level of incoming business.

The province intends to take advantage of Alberta’s oil royalty grab not by copying it, but by welcoming with open arms the oil companies that will be moving out of Alberta to avoid the extra tax load.

The Bakken oil field in the Southern Saskatchewan is turning out to be enormously bigger than previously thought – its current 4000 barrels per day is just scratching the surface. The field yields light, sweet crude that costs $5 a barrel to process: pocket change compared with the cost of processing oil sands. All that’s needed is a flood of workers to drill and pump it.

As the biofuels market matures, the province’s wide open spaces and hot summer sun are well placed to grow grain for biofuels: Estevan’s neighboring town is Canada’s biggest distribution center for grain, so the infrastructure is already in place.

Alberta needs vast power to process usable fuel oil out of their tar sands, which means either coal or nuclear power: it’s comforting for investors in Saskatchewan to note the Estevan coalfield and the province’s major uranium reserves. The diamond and potash industries are also doing very well, and will rise with the rest of the local economy.

The Saskatchewan boom is gathering pace right now, and much smart investment money is already on the way there.