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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss: h% R' r$ {; p1 l% a& ~
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Edmonton home builders working 'flat out' to meet demand. @, }% V2 t* b& F$ V! [
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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* c% j/ e5 |& dAverage house costs in Edmonton reach record high
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) h; b0 `: A( |7 |5 CAlberta 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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& A# u% Y& ?4 j& \; @/ e; E( b ^Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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/ z0 N, e% ^4 v$ D9 k“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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The increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation.' E* ~) @; t. m8 c" C3 j* k2 l
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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.
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) |* J/ L; q" I+ N- m+ X“Wages are growing so more people are looking to move into a home.”
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1 n3 A2 |7 Z/ M! t1 J$ m! iTrades 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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