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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss! |0 w5 _% T. R* n+ E8 m2 B
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Edmonton home builders working 'flat out' to meet demand
2 B! \# {" b$ z s# oCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT& [- E6 d, n. b. ]* p; P& u" T
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) J# i3 y" k9 A/ Z* NAverage house costs in Edmonton reach record high
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Alberta economy is Canada's strongest, says new report
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; L# r r' R0 w% Y( U7 uEdmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.& P( ?" x) z# w) ^/ _$ R; H) s+ J
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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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4 h- b# @2 m9 Z# S: f1 |“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.7 A: X$ u4 l; v& M! X* s6 |6 M
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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.$ N9 r- F! I; A9 `
6 Q; N& P1 L) D“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.”
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+ h1 f, u: P3 _& d% N4 t' NTrades 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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