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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% l, I& {- ]& v- K. V0 |& [
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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Average house costs in Edmonton reach record high
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2 S$ ]* f" _9 {; _! N/ r% s# t, WAlberta economy is Canada's strongest, says new report& t. s* v( `4 B
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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.
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% e' ~& t8 l: N/ v8 vBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.$ c) _* h7 S; u3 y2 _
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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.
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2 a+ \( k8 |: b# f& s1 Z$ j VThe 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.; H; Y" H: X8 P
2 i1 W$ b$ @, i' X“Wages are growing so more people are looking to move into a home.”0 }: C; M, w: Z+ H1 u! ^: O
) H; h; j# U9 ^' a5 Q5 ~. tTrades 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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