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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
There is pain coming to the industrial construction world, mostly in Northern Alberta and Northern BC.
Most owner/operators were getting fed up with labor market conditions and were adjusting capex budgets accordingly. When constrcution gets too expensive, people shelve projects to effectively press the "reset" button on construction costs. Being that so many projects were already on the cusp of being shelved, the recent drop in energy prices just makes that decision making proces so much simpler - delay projects until we see an extended energy price recovery, or until labor market conditions become more favorable.
This reduction in industrial construction spending will then impact commercial and residential.. along with interest rate hikes which seem fairly innevitable at this point.
People will start to really feel it around Q3 of 2015 IMO.
Quote me on this later.
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I will however, remain gamefully employed #justice
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You're absolutely correct on the industrial construction thing though. I agree I think we're headed for a big slowdown, in fact I know people who have been already feeling it for the past year as well.
It's interesting you bring up the commercial and residential items, because most people don't realize the impact an influx of workers will have on those industries. There are a lot of people who will struggle to find work when a bunch of oil sands guys come back ready to work their asses off for 8 hours a day.
People seem to think that I work in the sands, and that's all I can do or whatever.
If I can build large pile cap foundations, along with million square foot on grade slabs, while also accounting for various pump and equipment pads, and surveying the pockets for massive anchor bolts which will hold down 300 ton vertimills. If I can do all that, i'm pretty sure pouring the foundation for a dinky little residential project is going to be a breeze.
We make fun of the guys up in the sands, even I do it, their all drunks, or they all do drugs, and drink, and go to the peelers every night. But if that's what you really believe you're being ridiculous.
Many of the guys up there are there, and getting paid the big bucks, because they are the best in the damn business. Seriously. These are some of the most skilled, and experienced tradespeople, and when they come back from the sands looking for work, they are going to take all the local construction jobs, and they won't complain because they will happily go home to their families every night.
My wife went to Bellingham today for grocery and buffet... and she filled up for just a tad over $2 for 93 gas... even factoring the exchange rate and shit, that's like less than 70ct/L... wtf!
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I'm so glad I got my 100 for 100 (Canadian at Par) on Sunday at the casino. As a bonus, I even won 15 US dollars. They make you play with the money they give you, so it was pretty much an awesome bonus. I've done 100 for 100 at least 15 times over the summer. They had it twice weekly. Back then the difference was minor, but I went religiously. It has paid off, LOL.
Anyone who's planning on buying car parts for next summer better hurry!
Or just transfer all your money to american right now. I did that about a month ago now.
Not only did I save money since I had very little money to spend until I gathered my first couple pay cheques, if I were to transfer the funds back currently It would be worth a whole lot more...
Holy shit, I'm going to be able to drive at the same prices as when I first started soon. Somewhere in the 70-75c range. I haven't seen lower than 99 yet here.
The dropping dollar is a huge boon where I work now, and at the companies I'm looking to move to currently (in the web/tech fields). Canadian companies, but they charge USD and have mostly US clients.
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Last edited by Nightwalker; 01-17-2015 at 12:38 PM.
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