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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss' r( ^% J) I2 L' u8 q& R# W
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+ J0 d% i- ^3 E) sEdmonton home builders working 'flat out' to meet demand. z' f3 N- q1 q: ~. `* v9 ~2 |. T
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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Average house costs in Edmonton reach record high( `* `& _: R4 ]4 X) M7 |% W x
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Alberta economy is Canada's strongest, says new report! U! o5 M2 ? Q
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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.. g3 D- x# I/ A) S& B" i
' s$ a' M- F7 j; X! F; L m" {; u3 FBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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6 u- \2 @% K! x8 e" B! f5 L“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.; p4 Z" N" j% ^+ j, t
1 p+ i. C1 p( I: T& g7 VThe 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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“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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- H9 ^: W+ ^; ^9 W( E“Wages are growing so more people are looking to move into a home.”
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% ~9 c. U5 s6 s- ]% vTrades 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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