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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss* i) U2 N; B$ B9 x) B1 t) R
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Q' h" S- V# ]. c. w/ d: OEdmonton home builders working 'flat out' to meet demand
/ N+ v3 R+ `% O' n% XCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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* ~- ~" N, q y( GAverage house costs in Edmonton reach record high5 A- T1 v0 R+ F
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Alberta economy is Canada's strongest, says new report) ^( n: l( [" i, O9 \; J# G
2 [1 p2 x! _4 I, E+ sEdmonton 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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# u5 G6 E" E1 C F/ @! XBuilders 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.! }; E- ?8 L, l2 Q
& }3 F/ N7 G# n4 W% eThe 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., c, \4 N6 L* ^8 X, z$ _) r' n* ?
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“Wages are growing so more people are looking to move into a home.”
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/ }( _% A) w" U" T# ?. Y7 s# m) RTrades 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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