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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss0 y3 [0 I B0 L" V7 r
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# F% O# L9 W+ `! k% K5 AEdmonton home builders working 'flat out' to meet demand4 I1 ?2 F8 i2 Y0 s
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT: g* P7 _5 U% M- |
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( [$ u1 w+ p, t! p4 z3 BAverage house costs in Edmonton reach record high
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3 W [% }2 e) r" NAlberta economy is Canada's strongest, says new report9 C) _* s- Z1 h0 E5 i7 I" P
' b7 k8 d$ P. REdmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.* V l( j" T, K& M% Y2 l) _
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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.( Q! b8 \# l8 \$ d
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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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“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.1 a$ K% P, ]3 T% i; y0 W0 D: Z
4 P6 u7 Z: u: A: _“Wages are growing so more people are looking to move into a home.”
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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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