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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss5 b; Y( e0 _/ |! q, U( H
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Edmonton home builders working 'flat out' to meet demand
: I1 p6 f4 B$ ^* z. aCBC 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 B3 e+ a4 s( k# r' p- k
& n2 w c; S I6 D$ eAlberta economy is Canada's strongest, says new report: Q' W+ s( J% W2 C; v! C6 i
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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.: v# j. _6 M- t' ]% j
) d& g& }& x& G' x* }Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.+ O- I, t1 {' Q ], p
- d A' M: f$ u3 q2 o“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.$ B- {2 b4 F2 w/ L
4 g5 j7 }: f2 t4 {. j# P+ I6 B% DThe increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation.$ ?8 C. m% T% } v. D
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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.% c) u. T% \4 z
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“Wages are growing so more people are looking to move into a home.”/ a+ ^* m# K/ G! V; ?4 m+ c+ 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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