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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
0 G2 _% b1 r9 A" TCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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- t- ^0 k( \! \1 ]Average house costs in Edmonton reach record high+ j0 Y: @7 o" j$ K* r3 N
; h5 _5 S& A# E0 nAlberta economy is Canada's strongest, says new report
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4 i1 V6 ?' T" ]1 `/ D! nEdmonton 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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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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+ O9 v3 C+ J Q“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.5 z/ \- \/ K8 l. h
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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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8 }/ C: p% d: l. S4 B: K7 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." |1 D/ c% q' k* W$ o
& Y9 o8 a; r, @2 A“Wages are growing so more people are looking to move into a home.”$ V! j8 K1 \7 v* x% Z' }& x/ @
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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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