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Edmonton home builders working 'flat out' to meet demand
9 K1 P, D& T3 `; a) DCBC 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 high7 D1 Y: T: n) y+ d- T& |
9 d! Q$ H2 N4 U* u1 ~! ~Alberta economy is Canada's strongest, says new report
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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.# C2 \0 m# k! N+ y- \) W
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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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; _- F4 v* h" k! r$ x“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.3 @0 b+ v1 Q# h0 ^3 Q
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The increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation.( a3 U, P2 R6 {
4 T$ b3 d) M6 x8 u2 |“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.: R. N" ?6 p* m4 [+ N. W
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“Wages are growing so more people are looking to move into a home.”" U& S: n6 N' |2 Y
. G/ s/ c# g" N( nTrades 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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