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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss
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Edmonton home builders working 'flat out' to meet demand% M" W/ g* l! x% s( A
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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8 F6 j: j7 }6 r9 oAverage house costs in Edmonton reach record high5 |8 P `; ]( A5 G' _9 J1 T5 I
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Alberta economy is Canada's strongest, says new report' e. M" P, h9 Q
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Edmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.+ o! U2 S- r; z4 [% k- L9 A \, e9 G& f
O; d: X7 r) {$ Z2 a; [Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.* h7 E! k5 ?. P G8 z
, i3 k; L: x0 N( o3 Q1 JThe increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation.
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“If you look at the number of people who are moving into Edmonton, it’s record high levels so that’s contributing to that expanding demand,” she said.+ q7 C* `& J6 E. ^9 I
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“Wages are growing so more people are looking to move into a home.”
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' p/ O0 O4 P1 x/ S" q8 qTrades workers like electricians, plumbers and heating contractors have been challenging to find but Busby from Landmark Homes says the situation isn’t as bad as it was nine years ago。 |
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