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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss) B. F9 k5 w" _% r' O% g
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: s7 @$ I$ E+ n6 h R& c. wEdmonton home builders working 'flat out' to meet demand
/ O# S& Y) k! m' Z9 k+ I5 ^# N( iCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT* Q( Z3 B6 `" |9 x
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Average house costs in Edmonton reach record high9 _ z! J y* P" ^* X: J1 b5 m
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Alberta economy is Canada's strongest, says new report z7 c: L5 ^. _
' V! f7 G/ G bEdmonton 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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“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.9 F" E2 b/ G8 d) j0 H
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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.
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P9 k4 ~$ E, o1 W: J. {“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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& }' v2 t2 O0 M+ k% Q“Wages are growing so more people are looking to move into a home.”1 b+ f) v3 [3 [: x5 t+ |5 P
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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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