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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss! K; I$ F4 j+ F! O
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! _& W% f3 Y9 B1 L. uEdmonton home builders working 'flat out' to meet demand4 Z4 Y4 M0 t& ?$ I" j+ g
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 high8 Y- u8 w, ], e- G r8 V$ S
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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.
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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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* }0 @' P) M, C! y“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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& J% m8 n1 C' @! I8 h+ S5 A! B" u: NThe increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation.6 c" ~( _+ I2 n g* _8 q- k @+ v) }
2 h" L2 k. f* `! o5 L. K) s“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.
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8 e6 p4 R. ?: Y* D“Wages are growing so more people are looking to move into a home.”' \8 {" `/ q& N
5 H0 H2 U; B# f% ]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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