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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss" R1 k" v6 B! A. o- h- z
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Edmonton home builders working 'flat out' to meet demand' u& ]' E# ?6 `: e" {
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT: n8 B7 M8 f- K0 V
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M* }5 v1 K, K1 L4 ?! Q9 Z0 DAverage house costs in Edmonton reach record high
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* {& Y# o/ W' N* B5 _8 S; f: m, RAlberta economy is Canada's strongest, says new report6 b! u- q$ w* ?, O
- s7 @+ D5 v- O# o9 U* F% NEdmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.* l# |. K6 T% A
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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.* K; R: d9 t7 e# V+ Q7 E
1 s: V' O3 |# Y“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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# X, k: q) P" L0 wThe 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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! h( ~) u M4 S. T: M1 T; h% \“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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“Wages are growing so more people are looking to move into a home.”& \& V7 l3 V$ q, c$ o, \( R7 K( o
, V% O- q) W+ 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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