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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss
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Edmonton home builders working 'flat out' to meet demand
3 u* B5 Q A5 M/ n8 jCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT2 k' T+ e* z, H) m- a2 H9 n ^
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Average house costs in Edmonton reach record high
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, {$ w! i. c; j* E4 b% g0 gAlberta economy is Canada's strongest, says new report
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( s( R; K0 e) ^ _; V7 gEdmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.% O. i. e Z1 U8 s, m; e, m; ~0 L: h
2 j& c. V; v- ~1 gBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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7 H. }8 W/ J$ m1 D5 N. V“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.& p3 u6 M' x$ F+ z
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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.' z* w S. k' h' c5 r E( L$ `+ h
0 W6 @/ {! T, r; a2 ^' K$ r“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. N A! `$ R5 Y& T* C l- R2 j& R8 z
2 I j% u k; O/ V1 F“Wages are growing so more people are looking to move into a home.”
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0 R* i" s5 \7 Z# i7 w: M3 ETrades 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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