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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 demand1 w; n6 S5 b. v S- Y4 ^, d
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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: V7 N3 ?3 B5 M2 OAverage house costs in Edmonton reach record high
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k) P7 x) n" Z3 {Alberta economy is Canada's strongest, says new report- Q$ X9 m/ z1 H/ _) H" n
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Edmonton 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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- x$ T( ^! h' _2 wBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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+ h% ^8 e7 `$ h" Z4 i3 {“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.) M2 e* ?9 U2 e/ ?. T/ \
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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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- d% J! h6 a( r1 l& o% G$ Y“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.& K4 Q/ ?* M- n8 X! |" Q- N+ N2 W
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“Wages are growing so more people are looking to move into a home.”" @% X) h2 ]8 O, e, Q( @
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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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