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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) i# P" a& `" \; d
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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# ^& R, U$ H2 i% \ c- j, sAverage house costs in Edmonton reach record high' K P) m' Z6 [/ y
3 t8 x0 m& P: fAlberta economy is Canada's strongest, says new report8 e& U, }5 i1 k
6 I) G1 S: ^$ n8 ~Edmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005. Y: b" F& i! ]) u
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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.8 c: d# {" l1 |2 z
" ^5 X2 C I* {/ ?4 @- b“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes./ m# x! I% t9 h! ?1 }3 p
8 |8 K) j5 J0 _$ m8 k9 x6 wThe increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation.5 d( J3 o. h* K
' Z) d1 {+ _! P! o5 X/ ^5 y! g+ J0 @“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., y, W8 B: q, x+ ~$ j
! L& d% C/ w/ m2 I* t% t( y2 d+ d“Wages are growing so more people are looking to move into a home.”9 w- s, w# T! Y. u4 D+ p; r
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Trades 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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